Sonobuoy Market Report: Trends, Forecast and Competitive Analysis to 2030

Sonobuoy Trends and Forecast

The future of the global sonobuoy market looks promising with opportunities in the detection, safety & security, and oil & gas applications. The global sonobuoy market is expected to reach an estimated $0.8 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing demand for maritime security and surveillance and rising investments in naval modernization.

A more than 150-page report is developed to help in your business decisions.

Sonobuoy by Segment

The study includes a forecast for the global sonobuoy by type, size, application, and region.

Sonobuoy Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Active
• Passive

Sonobuoy Market by Size [Shipment Analysis by Value from 2018 to 2030]:

• Size A
• Size B
• Others

Sonobuoy Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Detection
• Safety & Security
• Oil & Gas
• Others

Sonobuoy Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Sonobuoy Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sonobuoy companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sonobuoy companies profiled in this report include-

• ERAPSCO
• Lockheed Martin
• SEALANDAIRE TECHNOLOGIES
• Radixon
• General Dynamics

Sonobuoy Market Insights

Lucintel forecasts that active is expected to witness higher growth over the forecast period due to the increasing demand for active sonobuoys from navies.

Within this market, detection is expected to witness highest growth over the forecast period due to increasing popularity of detection sonobuoys given to their exceptional capacity to effectively identify and monitor submerged targets in a highly efficient manner.

APAC will remain the largest region due to rising demand for maritime surveillance and rising investments in anti-submarine warfare capabilities in the region.

Features of the Global Sonobuoy Market

Market Size Estimates: Sonobuoy market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Sonobuoy market size by type, size, application, and region in terms of value ($B).

Regional Analysis: Sonobuoy market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, sizes, applications, and regions for the sonobuoy market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sonobuoy market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the sonobuoy market size?

Answer: The global sonobuoy market is expected to reach an estimated $0.8 billion by 2030.

Q.2 What is the growth forecast for sonobuoy market?

Answer: The global sonobuoy market is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the sonobuoy market?

Answer: The major drivers for this market are increasing demand for maritime security and surveillance and rising investments in naval modernization.

Q4. What are the major segments for sonobuoy market?

Answer: The future of the sonobuoy market looks promising with opportunities in the detection, safety & security, and oil & gas applications.

Q5. Who are the key sonobuoy market companies?

Answer: Some of the key sonobuoy companies are as follows:

• ERAPSCO
• Lockheed Martin
• SEALANDAIRE TECHNOLOGIES
• Radixon
• General Dynamics

Q6. Which sonobuoy market segment will be the largest in future?

Answer: Lucintel forecasts that active is expected to witness higher growth over the forecast period due to the increasing demand for active sonobuoys from navies.

Q7. In sonobuoy market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to rising demand for maritime surveillance and rising investments in anti-submarine warfare capabilities in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the sonobuoy market by type (active and passive), size (size a, size b, and others), application (detection, safety & security, oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?