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Global Sonobuoy Market, By Technology (BT, SAR, DICASS, DLC, DIFAR, LOFAR, EER, ADAR, VLAD), Function (Active, Passive, Special Purpose), Range (Short Range, Long Range), Size (A, B, C), Deployment (Spring, Pneumatic, Free Fall, Cartridge), Application (Detection and Tracking, Safety and Security, Oil and Gas, Others), End User (Defense, Commercial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.
Sonobuoy market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6% in the above-mentioned forecast period.
Sonobuoy refers to the SONAR portable device (Sound Navigations and Ranging). When a Sonobuoy is released from an aircraft or ship, it helps to detect submarines and perform underwater research. It is dependent on sound waves to detect/locate objects in a specific area. They are widely used acroos service providers, independent workshops and automotive OEM workshop.
Rising demand from maritime industry as they aid in detecting underwater sound signals which detect enemy submarines that can avoid possible attacks and loss of resources which has resulted in growth in the market value in the forecast period of 2022 to 2029. Additionally, the governments are making major investments in the installation of sonobuoys to locate sand domes and seeps are estimated to accelerate market’s growth. The increase in defense expenditure on sonar systems also cushions the market’s growth within the forecasted period. However, the limited detection capability in littoral zones will further restrict the scope of growth for the market. Moreover, the marine life's effect is estimated to be a central factor restricting the sonobuoy market in the forecast period.
Furthermore, the innovation and development in the sonobuoy will further offer a variety of growth opportunities for the market in the forecast period of 2022 to 2029. On the other hand, the surge in demand for unmanned underwater vehicles is projected to pose as a major challenge to the market growth rate.
This sonobuoy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sonobuoy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The sonobuoy market is segmented on the basis of technology, range, function, size, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
The sonobuoy market is segmented on the basis of technology, range, function, size, application and end user.
The countries covered in the sonobuoy market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the sonobuoy market and will continue to flourish its trend of dominance during the forecast period owing to the various technological advances, including the use of advanced sensing, range and directional capabilities in the region within the forecast period of 2022 to 2029. Asia-Pacific on the other hand, is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the upsurge in environmental exploration investments within this region.
The country section of the sonobuoy market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
The sonobuoy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sonobuoy market.
Some of the major players operating in the sonobuoy market report are Radixon Group, The Electronics Group, Spartan Race Inc., Sparton, General Dynamics Corporation, Thales Group, Lockheed Martin Corporation, and Sealandaire Technologies Inc., among others.
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