Sonobuoy Market by End-user and Geography - Forecast and Analysis 2020-2024

The sonobuoy market share is expected to increase by USD 178.29 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 7%.

This sonobuoy market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sonobuoy market segmentation by end-user (defense, commercial, and special purpose) and geography (North America, APAC, Europe, South America, and MEA). The sonobuoy market report also offers information on several market vendors, including ALCEN, General Dynamics Corp., RADIXON Group Pty. Ltd., Rostec State Corp., SeaLandAire Technologies Inc., Sociedad Anonima de Electronica Submarina, Sparton Corp., Tata Power SED, Thales Group, and and Ultra Electronics Holdings Plc. among others.

What will the Sonobuoy Market Size be During the Forecast Period?

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Sonobuoy Market: Key Drivers, Trends, and Challenges

The demand for strengthening ASW capabilities is notably driving the sonobuoy market growth, although factors such as the effects on marine life may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sonobuoy industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sonobuoy Market Driver

 

One of the key factors driving growth in the sonobuoy market is the growing demand for strengthening ASW capabilities. Anti-submarines are marine systems that are operated via surface warship, aircraft, or submarines. Such technologies are developed to track, locate, and destroy hostile and potential pirate submarines underwater. ASW is critical to protecting the strategic speed and operational agility of joint and coalition forces across the sea. Modern ASW is complex in terms of application with multitudes of disparate sensors and platforms ranging from aircraft to sonobuoys to other submarines. Increasing the need to strengthen anti-submarine operations and to monitor natural resources among emerging economies are the major factors driving the growth of the global sonobuoy market. Sonobuoys enable Navy ASW forces to detect, track, and pinpoint potentially hostile submarines operating in the open ocean and in coastal areas that could be threats to Navy carrier battle groups or other forces. Information from these systems can help enable precision attacks with air-launched torpedoes. Demand for sonobuoys is thus strongly associated with the growth of the anti-submarine warfare market.

Key Sonobuoy Market Trend

The introduction of new software for communication is a sonobuoy market trend that is expected to have a positive impact in the coming years. Upgraded performance software is now being integrated into aircraft for better network connectivity, which, in turn, will enhance the overall communication and navigation capabilities. P-8A Poseidon is designed for long-range ASW, anti-surface warfare, and ISR missions and is capable of broad-area maritime and littoral operations. For ASW, it has twice the sonobuoy processing capability and can carry 30% more sonobuoys than any maritime patrol and reconnaissance aircraft. The aircraft employs three types of sonobuoys: SSQ-53 DIFAR buoy, SSQ-62 DICASS, and SSQ-101 ADAR. The introduction of new software for better communication also includes multi-static, active coherent technology. Unlike monostatic conventional sonobuoys, the multi-static system enables sonobuoys to listen to the reflection of pings emitted by other buoys also. The software upgradation and better connectivity will also augment the sonobuoy processing capability and expand the operator's recognition differential with improved sensors and higher-resolution displays. This technological advancement is also expected to improve the dispensing and monitoring capabilities of the aircraft.

Key Sonobuoy Market Challenge

 

The effects on marine life will be a major challenge for the sonobuoy market during the forecast period. Governments of various countries have laid down certain regulations for the deployment of sonobuoys. These regulations are set to limit the use of sonobuoys in areas where marine life exists, and this is expected to act as a restraint for the global sonobuoy market. Marine mammals like beaked and blue whales are most sensitive to mid-frequency active sonobuoy and sonar noise. Whales are reportedly found to flee away from the affected areas leading to unusual mass stranding. Active sonar transmitters could confuse these animals and interfere with basic biological functions, such as feeding and mating. As a result, regulators are considering the effects of sonobuoy while planning naval exercises.

This sonobuoy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global sonobuoy market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sonobuoy market during the forecast period.

Who are the Major Sonobuoy Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ALCEN
• General Dynamics Corp.
• RADIXON Group Pty. Ltd.
• Rostec State Corp.
• SeaLandAire Technologies Inc.
• Sociedad Anonima de Electronica Submarina
• Sparton Corp.
• Tata Power SED
• Thales Group
• and Ultra Electronics Holdings Plc.

 

This statistical study of the sonobuoy market encompasses successful business strategies deployed by the key vendors. The sonobuoy market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• General Dynamics Corp. - The system helps acoustic sensor operators detect, localize, and classify nuclear and diesel foreign submarines all around the world. The system supports NATO Standard 99 sonobuoy RF channel allocation and a broad range of passive and active sonobuoy manufacturer types.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sonobuoy market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Sonobuoy Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the sonobuoy market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the aerospace and defense market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Sonobuoy Market?

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44% of the market's growth will originate from North America during the forecast period. The US is the key market for sonobuoy in North America. Market growth in this region will be faster than the growth of the market in the European, APAC and MEA regions.

The presence of established sonobuoy manufacturers and increased defense spending by respective governments  will facilitate the sonobuoy market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Sonobuoy Market?

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The sonobuoy market share growth by the defense segment will be significant during the forecast period. The defense segment dominated the global sonobuoy market in 2019 and is expected to exhibit a similar trend during the forecast period. The segment will be mainly driven by the increasing spending by countries toward strengthening their anti-submarine warfare capabilities. The demand for sonobuoys in defense maritime surveillance is primarily driven by the deployment of sonobuoys in ASW, which is a major area of importance due to the increasing maritime disputes and the development of stealthier submarines.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sonobuoy market size and actionable market insights on post COVID-19 impact on each segment.

 

Sonobuoy Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 7%
Market growth 2020-2024	$ 178.29 million
Market structure	Concentrated
YoY growth (%)	6.85
Regional analysis	North America, APAC, Europe, South America, and MEA
Performing market contribution	North America at 44%
Key consumer countries	US, China, Japan, Russian Federation, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ALCEN, General Dynamics Corp., RADIXON Group Pty. Ltd., Rostec State Corp., SeaLandAire Technologies Inc., Sociedad Anonima de Electronica Submarina, Sparton Corp., Tata Power SED, Thales Group, and and Ultra Electronics Holdings Plc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Sonobuoy Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive sonobuoy market growth during the next five years
• Precise estimation of the sonobuoy market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the sonobuoy industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of sonobuoy market vendors

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