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Sonobuoy Market Size (2024 - 2029)

The sonobuoy market is experiencing growth driven by increasing demand from naval forces and commercial applications, following a recovery from the challenges posed by the COVID-19 pandemic. The market's expansion is supported by the need for advanced communication systems amid rising geopolitical tensions and conflicts. Countries are prioritizing the enhancement of their naval capabilities, which includes the procurement of sonobuoys, thereby contributing to the market's growth trajectory.

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Market Size of Sonobuoy Industry

Sonobuoy Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 6.50 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Sonobuoy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Sonobuoy Market Analysis

The sonobuoy market is expected to register a CAGR of over 6.5% during the forecast period.

  • The COVID-19 pandemic presented unprecedented challenges to the global sonobuoys market. Government-imposed lockdowns and stringent regulations led to supply chain disruptions, production halts from manufacturers, and a shortage of raw materials, which hindered market growth during the pandemic. Additionally, naval forces postponed military projects that involved sonobuoy installation and upgrading, and a decline in oil and gas exploration activities resulted in reduced demand for sonobuoys, which further hampered the market's growth.
  • However, the market has shown a strong recovery post-COVID due to the rising demand from naval forces and commercial applications. A sonobuoy is a portable sonar system used to detect submarines and conduct underwater research. It uses a transducer and a radio transmitter to record and transmits underwater sounds. As cross-border conflicts, warfare situations, and political unrest continue to grow among neighboring countries, there is an increasing demand for advanced communication systems.
  • Many countries are now focusing on strengthening their naval capabilities by procuring sonobuoys and other weapons, which is driving the growth of the market.

Sonobuoy Industry Segmentation

The sonobuoy is an expandable, sonar system dropped from aircraft or ships to detect underwater submarines. It detects the aircraft, where the radio frequency (RF) transmission is received and processed to detect, locate, and track submarines at sea.

The sonobuoy market is segmented based on type, application, and geography. By type, the market is segmented into active, passive, and special purpose. By application, the market is segmented into commercial and defense. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

The market sizing and forecasts have been provided in value (USD million) for all the above segments.

Type
Active
Passive
Special Purpose
Application
Commercial
Defense
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Sonobuoy Market Size Summary

The sonobuoy market is poised for significant growth, driven by increasing demand from naval forces and commercial applications. Sonobuoys, portable sonar systems used for submarine detection and underwater research, have seen a resurgence in demand post-COVID-19. The pandemic initially disrupted the market due to supply chain issues and reduced military and exploration activities. However, as geopolitical tensions rise, there is a growing need for advanced communication and detection systems, prompting countries to enhance their naval capabilities. This trend is particularly evident in the defense sector, where increased expenditures and procurement of advanced sonobuoys are expected to fuel market expansion. The ongoing conflicts and disputes in regions such as Eastern Europe and Asia-Pacific have further accelerated the need for robust naval surveillance and defense systems.

North America is anticipated to maintain its dominance in the sonobuoy market, largely due to substantial defense spending by the United States. The U.S. Navy's significant investments in advanced naval systems and sonobuoy procurement are key drivers of market growth in the region. The market is moderately consolidated, with major players like Ultra Electronics, Thales Group, and Lockheed Martin Corporation leading the charge in developing next-generation sonobuoy solutions. These companies are entering long-term contracts with naval forces to supply advanced systems, thereby expanding their market presence. Collaborative efforts, such as those between UMS SKELDAR and Ultra Maritime, highlight the industry's focus on innovative solutions for anti-submarine warfare. As the demand for sonobuoys continues to rise, driven by both defense and commercial needs, the market is expected to experience robust growth over the forecast period.

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Sonobuoy Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Active

      2. 2.1.2 Passive

      3. 2.1.3 Special Purpose

    2. 2.2 Application

      1. 2.2.1 Commercial

      2. 2.2.2 Defense

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 France

        3. 2.3.2.3 Germany

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Rest of Latin America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 South Africa

        4. 2.3.5.4 Rest of Middle-East and Africa

Sonobuoy Market Size FAQs

The Sonobuoy Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)

L3Harris Technologies Inc., Thales Group, Sparton, Lockheed Martin Corporation and Ultra are the major companies operating in the Sonobuoy Market.

Sonobuoy Market Report Snapshots

Sonobuoy Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)