Sonobuoy Market

Sonobuoys are compact, expandable sonar devices used for a variety of underwater applications, including anti-submarine warfare and acoustic surveys. They are typically small, 13 cm (5 inches) in diameter and 91 cm (3 ft) long, making them easy to deploy from aircraft and ships. There are two main types of sonobuoys, active sonobuoys and passive sonobuoys, each designed for a specific mission. Active sonobuoys send sonar signals into the water and listen for their reflections, while passive sonobuoys simply listen and detect the presence of noise underwater.. Aircraft tasked with locating submarines operating underwater typically focus on specific target areas depending on the type of submarine they are looking for. The size of the target area depends on the characteristics of the target submarine. 

Market Dynamics

Sonobuoys play an important role in underwater surveillance and detection. These are launched from ships and aircraft and detect underwater acoustic signals. In anti-submarine warfare, sonobuoys are equipped with hydrophones that can listen and record the acoustic signals emitted by submarines. These signals are transmitted wirelessly to ships and aircraft, enabling early detection of enemy ships and providing valuable information in wartime to prevent potential damage. This aspect is the major driver of the growth of the global sonobuoy market during the forecast period. In addition, sonobuoys are also used for oil and gas detection. By transmitting sound waves that are reflected off the seafloor, sonobuoys can measure the time it takes for the sound to return and calculate the thickness of the seafloor. This information helps discover subseafloor oil and gas deposits. Governments around the world are investing in oil and gas detection using sonobuoys because sonobuoys make an invaluable contribution to the development of nations by identifying valuable resources. The use of sonobuoys for oil and gas exploration is expected to lead to further growth of the global sonobuoy market during the forecast period. As technology continues to advance, sonobuoys may play an increasingly important role in enhancing both military and civilian applications, cementing their position as important underwater surveillance tools in a variety of fields. 

Key Features of the Study

• This report provides an in-depth analysis of the global sonobuoy market with market size (US$ Million) and CAGR (%) over the forecast period (2023 - 2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
• It profiles leading players in the global sonobuoy market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
• Key companies covered in the global sonobuoy market include ERAPSCO (a joint venture between Sparton Corporation and Ultra Electronics USSI), Lockheed Martin Corporation, SEALANDAIRE TECHNOLOGIES, INC., Radixon, General Dynamics Corporation (General Dynamics Mission Systems, Inc.), and Thales Group.
• Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
• Various strategy matrices used in analyzing the global sonobuoy market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

• Global Sonobuoy Market, By Type:
  • Active
  • Passive:
• Global Sonobuoy Market, By Application:
  • Detection
  • Safety & Security
  • Oil & Gas
  • Others
• Global Sonobuoy Market, By Size:
  • Size A
  • Size B
  • Others
• Global Sonobuoy Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • ERAPSCO (a joint venture between Sparton Corporation and Ultra Electronics USSI)*
  • Lockheed Martin Corporation
  • SEALANDAIRE TECHNOLOGIES, INC.
  • Radixon
  • General Dynamics Corporation (General Dynamics Mission Systems, Inc.)
  • Thales Group.