Global Sonobuoy Market Growth 2023-2029

Global Sonobuoy Market Growth 2023-2029

A sonobuoy (a portmanteau of sonar and buoy) is a relatively small buoy (typically 13 cm or 5 in, in diameter and 91 cm or 3 ft long) expendable sonar system that is dropped/ejected from aircraft or ships conducting anti-submarine warfare or underwater acoustic research. A tactical sonar system for transmitting submarine activity, the sonobuoy is a core technology for anti-submarine warfare.
LPI (LP Information)' newest research report, the “Sonobuoy Industry Forecast” looks at past sales and reviews total world Sonobuoy sales in 2022, providing a comprehensive analysis by region and market sector of projected Sonobuoy sales for 2023 through 2029. With Sonobuoy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sonobuoy industry.
This Insight Report provides a comprehensive analysis of the global Sonobuoy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sonobuoy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sonobuoy market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sonobuoy and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sonobuoy.
The global Sonobuoy market size is projected to grow from US$ 306.2 million in 2022 to US$ 393 million in 2029; it is expected to grow at a CAGR of 393 from 2023 to 2029.
The major manufacturers of sonobuoys are Sparton, Ultra Electronics, and Thales, which together account for more than 90% of the market.
North America is the largest market, accounting for about 70%.
This report presents a comprehensive overview, market shares, and growth opportunities of Sonobuoy market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Active Sonobuoy
Passive Sonobuoy
Special Purpose Sonobuoy
Segmentation by application
Defense
Civil
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sparton
Ultra Electronics
Thales
Key Questions Addressed in this Report
What is the 10-year outlook for the global Sonobuoy market?
What factors are driving Sonobuoy market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sonobuoy market opportunities vary by end market size?
How does Sonobuoy break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.