Global Sonobuoy Market to Grow at 5.16% During 2024-2032, Impelled by Increasing Military Spending

September 09, 2020 | Electronics and Semiconductors

As per the latest report by IMARC Group, titled “Sonobuoy Market Report by Function (Active, Passive, Special Purpose), Technology (Bathythermo Buoy, Directional Command Activated, Data Link Communications, Directional Frequency Analysis and Recording, Low Frequency Analysis and Recording, and Others), Installation (Spring, Pneumatic, Free-Fall, Cartridge), Size (Size A, Size B, Size C, and Others), Range (Short Range, Long Range), Application (Defense, Commercial, and Others), and Region 2024-2032,” the global sonobuoy market reached a value of US$ 496.7 Million in 2023. A sonobuoy is a tactical sonar system dropped from the aircraft or ship to acquire data required to detect, localize and destroy or attack designated hostile submarines. It is also used to determine environmental conditions to assess best search tactics, communicate with friendly submarines, and conduct underwater research. The sonobuoy consists of a radio frequency antenna at the top, a sail that remains just below the surface of the water to keep the sonobuoy stable, and a transducer and a radio transmitter at the end to record and transmits underwater sounds.

Global Sonobuoy Market Trends:

In recent years, sonobuoys have gained traction since they serve as a core technology with the most effective anti-submarine warfare sensor capability. Moreover, with increasing cross-border conflicts, there has been significant growth naval defense activities. This represents the primary factor that has led to an increased demand for sonobuoys. These devices are employed by the defense and military sector for marine patrolling and preventing potential attacks. Besides this, with the increasing defense expenditure, there has been a growing adoption of unmanned underwater solutions, which, in turn, is positively impacting the demand for detection equipment like sonobuoys. Moreover, the leading companies are developing sonobuoys with the latest technology to deploy them in a pattern to determine the exact location of the target. Looking forward, the market is anticipated to grow at a CAGR of 5.16% during 2024-2032.

Market Summary:

  • Based on the function, the market has been segmented into active, passive and special purposes.
  • On the basis of technology, the market has been classified into bathythermo buoy, directional command activated, data link communications, directional frequency analysis and recording, low frequency analysis and recording and others.
  • The market has been categorized based on the installation into spring, pneumatic, free-fall and cartridge.
  • On the basis of the size, the market has been segregated into size A, size B, size C and others.
  • The market has been bifurcated based on the range into short and long ranges.
  • On the basis of the application, the market has been categorized into defense, commercial and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Indonesia, Australia and others), Europe (Germany, Italy, the United Kingdom, France, Russia, Spain and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being General Dynamics Mission Systems, Radixon Group Pty Ltd (Robotron PTY Ltd.), Sealandaire Technologies Inc., Sparton Corporation, Tata Advanced Systems, Thales Group and Ultra Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Function, Technology, Installation, Size, Range, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered General Dynamics Mission Systems, Radixon Group Pty Ltd (Robotron PTY Ltd.), Sealandaire Technologies Inc., Sparton Corporation, Tata Advanced Systems, Thales Group and Ultra Group
Customization Scope 10% Free Customization
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Global Sonobuoy Market to Grow at 5.16% During 2024-2032, Impelled by Increasing Military Spending
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