Sonobuoy Market Size, Share & Trends Analysis Report By Type (Active, Passive), By Application (Defense, Commercial), By Region, And Segment Forecasts, 2024 - 2030
Sonobuoy Market Size, Share & Trends Analysis Report By Type (Active, Passive), By Application (Defense, Commercial), By Region, And Segment Forecasts, 2024 - 2030
“2030 sonobuoy market value to reach USD 667.0 million.”
Sonobuoy Market Size & Trends
The global sonobuoy market size was estimated at USD 429.2 million in 2023 and is estimated to grow at a CAGR of 6.5% from 2024 to 2030. Increasing focus on maritime security, with nations worldwide aiming to enhance their undersea warfare capabilities is expected to boost the market growth in the long run.
Increasing demand for submarine products is likely to be driven by the rising geopolitical tensions in various maritime regions, leading to an increased deployment of submarines and other underwater assets that necessitate advanced detection technologies. Sonobuoys, being crucial for anti-submarine warfare (ASW) operations, have witnessed a growing traction in the defense sector, thus benefiting the market growth.
Global Sonobuoy Market Report Segmentation
This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global sonobuoy market report based on type, application, and region:
Type Outlook (Revenue, USD Million, 2018 - 2030)
Active
Passive
Application Outlook (Revenue, USD Million, 2018 - 2030)
Defense
Commercial
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Russia
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Middle East & Africa
GCC
South Africa
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