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The Sonobuoy Market Size was recorded at USD 0.43 Billion in 2023 and is expected to surpass USD 0.75 Billion by 2032, growing at a CAGR of 6.45 % from 2024 to 2032.
Sonobuoys are acoustic sensing systems that are dropped into the ocean by an aeroplane or ship to detect sound waves. Hydrophones are utilised in these anti-submarine warfare devices to listen for and record acoustic signals emitted by other submarines. The sonobuoys' radio transmitters send these signals back to the aircraft or ship.
Early detection of hostile submarines can aid in the prevention of prospective attacks and resource loss. These factors are propelling naval forces around the world to deploy sonobuoys, hence propelling the global sonobuoy market forward.
MARKET DYNAMICS
KEY DRIVERS
Rising Demand for Submarines
Growing in Industrial Applications of Sonobuoys
RESTRAINTS
The Effects of Sonobuoys on Marine Life
Limitations in Detecting Increasingly Stealthy Submarines in Littoral Zones
OPPORTUNITIES
Increased demand in Unmanned Underwater Vehicles
Growing Demand for Low-Cost ASW Systems
CHALLENGES
Littoral Zones Have Limited Detection Capability
IMPACT OF COVID-19
As a result of COVID-19's detrimental impact on businesses such as oil and gas, the need for sonobuoys has declined. However, while the defence industry has been marginally influenced by the pandemic, the market for sonobuoy in this field has been less damaged than in commercial industries. The virus has impacted critical functions such as manufacturing facilities and supply chains. A similar trend is expected to be found in companies that manufacture sonobuoys and related supply chain modules.
Aside from viable businesses, the defence sector is projected to boost the development of the sonobuoy market. In contrast, a reasonable influence is expected on the sonobuoy market's manufacturing chain. The lockdown time is expected to be reduced in the future, allowing enterprises to resume operations and allowing the market to recover.
Increased focus by governments on upgrading their anti-submarine warfare (ASW) capabilities, increased efficiency of sonobuoys due to various technical breakthroughs, and an increase in maritime conflicts in Asia-Pacific are projected to drive the sonobuoy market.
The primary applications considered for the market analysis are defence and civil, with the defence segment dominating the entire sonobuoy market. This market is expected to rise at a comparably higher CAGR from 2022 to 2028, owing mostly to growing demand for sonobuoys, which are a vital aspect of anti-submarine warfare (ASW), a crucial area of relevance due to rising maritime disputes and the development of stealthier submarines.
The passive sonobuoy sector dominates the sonobuoy market, which is further subdivided by function. This sector leads the studied market and is likely to maintain its dominance over the next five years, owing to increased demand for passive sonobuoys, which are more effective in detection due to their capacity to prevent a tracking aircraft from being detected by a submarine.
The passive sonobuoy sector is expected to account for the largest market revenue share by 2028, owing to the fact that passive sonobuoys may detect without exposing their presence to the target. Because active sonobuoys are employed for target localization and tracking, the category is expected to account for the second largest market revenue share by 2028. The detection and tracking category is expected to grow at the fastest rate throughout the projected period, followed by the safety and security segment. The detection and tracking of opponent submarines is projected to be a major element driving demand for this application category.
By Technology
Bathythermo Buoy
Search & Rescue Buoy
Directional Command Activated
Data Link Communications
Directional Frequency Analysis and Recording
Low Frequency Analysis and Recording
Extended Echo Ranging
Air Deployable Active Receiver
Vertical Line Array Directional Frequency Analysis and Recording
By Deployment
Spring
Pneumatic
Free-fall
Cartridge
By Function
Active
Passive
Special Purpose
By Application
Defense
Civil
REGIONAL ANALYSIS
Because of the existence of large producers, the North American sonobuoy market is expected to be a well-known region for the sonobuoy industry. North America accounted for 31.83 percent of the worldwide sonobuoy market. The expected increase in environmental exploration investments by 2028 will create chances for sonobuoy industry participants. The region's sonobuoy market is being propelled forward by naval upgrading efforts and the construction of maritime facilities, including the use of sonobuoys for submarine recognition.
Throughout the study period, the European sonobuoy market is expected to be the second largest. The presence of the leading market competitors is projected to drive the development of the sonobuoy market in Europe. The European regional market is expected to have an impact on income-earning potential.
Collective funding in research to direct underwater acoustic surveillance in the Asia Pacific and Middle East regions is expected to drive the development of the global sonobuoy market in the future years. Furthermore, naval modernization programmes are fueling Asia Pacific market growth.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Radixon, Ultra-Electronics Group, Sparton, General Dynamics Corporation, Thales Group, Lockheed Martin Corporation, Sealandaire Technologies Inc., Lone Star Electronics Co., Sigma Pi-Power Sources Pvt Ltd., and other players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 0.43 Billion |
| Market Size by 2032 | US$ 0.75 Billion |
| CAGR | CAGR of 6.4 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Function (Active, Passive, Special Purpose) • By Application (Defense, Commercial), Size (A, B, C) • By Deployment (Spring, Pneumatic, Free Fall, Cartridge) • By Technology (BT, SAR, DICASS, DLC, DIFAR, LOFAR, EER, ADAR, VLAD) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Radixon, Ultra-Electronics Group, Spartan, General Dynamics Corporation, Thales Group, Lockheed Martin Corporation, Sealandaire Technologies Inc., Lone Star Electronics Co., Sigma Pi-Power Sources Pvt Ltd., and other players. |
| DRIVERS | • Rising Demand for Submarines • Growing in Industrial Applications of Sonobuoys |
| RESTRAINTS | • The Effects of Sonobuoys on Marine Life • Limitations in Detecting Increasingly Stealthy Submarines in Littoral Zones |
Rising Demand for Submarines and Growing in Industrial Applications of Sonobuoys
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major region cover.
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Yes, this report cover top down, bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Sonobuoy Market Segmentation, by Technology
8.1 Bathythermo Buoy,
8.2 Search & Rescue Buoy
8.3 Directional Command Activated
8.4 Data Link Communications
8.5 Directional Frequency Analysis and Recording
8.6 Low Frequency Analysis and Recording
8.7 Extended Echo Ranging
8.8 Air Deployable Active Receiver
8.9 Vertical Line Array Directional Frequency Analysis and Recording
9.Sonobuoy Market Segmentation, by Deployment
9.1 Spring
9.2 Pneumatic
9.3 Free-fall
9.4 Cartridge
10.Sonobuoy Market Segmentation, by Function
10.1 Active
10.2 Passive
10.3 Special Purpose
11.Sonobuoy Market Segmentation, by Application
11.1 Defense
11.2 Civil
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Ultra-Electronics Group
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Radixon
13.3 Spartan
13.4 General Dynamics Corporation
13.5 Thales Group
13.6 Lockheed Martin Corporation
13.7 Sealandaire Technologies Inc.
13.8 Lone Star Electronics Co.
13.9 Sigma Pi-Power Sources Pvt Ltd
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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