Global Sonobuoy Market to be Driven by the Growing Maritime Industry in the Forecast Period of 2021-2026

April 07 20:08 2021
Global Sonobuoy Market to be Driven by the Growing Maritime Industry in the Forecast Period of 2021-2026

Sonobuoy Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | ExpertMarketResearch.com
The new report by Expert Market Research titled, ‘Sonobuoy Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Global Sonobuoy Market, assessing the market based on its segments like function, size of the product, range, installation type, applications, and major regions which include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

 

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

 

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/sonobuoy-market/requestsample

 

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 6.5%

 

The market growth can be attributed to the robust growth of the maritime industry globally. The rising demand for sonobuoy can be attributed to the increasing consumer requirements. Several technological innovations have led to the development of the market, including the use of sophisticated sensing, range, and directional capability. Rising security expenditure and the growing use of underground vehicles are anticipated to further boost the demand. The increased defence spending by developed countries, such as the United States of America and Europe, is expected to further propel the growth of the market.

 

Industry Definition and Major Segments

Sonobuoy refers to a SONAR portable device (Sound NAvigation and Ranging). Sonobuoy helps to detect submarines and perform underwater research when it is released from an aircraft or a ship. It is dependent on sound waves to detect/locate objects in a specific area.

 

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/sonobuoy-market

 

Based on function, the industry can be segmented as follows:

  • Active
  • Passive
  • Special Purpose

 

Based on the size, the market can be divided into the following:

  • Size A
  • Size B
  • Size C
  • Others

 

Based on the range of the product, the market can be divided as follows:

  • Short Range
  • Long Range

 

The market, on the basis of installation type, can be segmented as follows:

  • Spring
  • Pneumatic
  • Free-fall
  • Cartridge

 

By application, the market is segmented into:

  • Detection and Tracking
  • Safety and Security
  • Oil and Gas
  • Others

 

Latest Global News on Sonobuoy [email protected] https://www.expertmarketresearch.com/pressrelease/global-sonobuoy-market

 

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

 

Market Trends

Sonobuoys are acoustic sensing instruments that are released to detect underwater sound signals from aircraft or ships in the ocean. Early detection of enemy submarines may help deter future assaults and resource loss. These factors are pushing the deployment of sonobuoys by naval forces around the world, thus driving the growth of global demand for sonobuoys. As oil and gas are important resources, several governments are making substantial investments in the construction of sonobuoys to locate sand domes and seeps, driving the growth of the demand for sonobuoys. However, the market growth might be constrained by the implementation of government regulations restricting the presence of sonobuoy where a high density of marine life is present.

 

Key Market Players

The major players in the market are Sparton Corporation, Thales Group, Radixon Group, and Ultra Electronics Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

 

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

 

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