Sonobuoy Launcher Market – Business Opportunity, Revenue, Growth, Emerging Technologies, Competitive Landscape and Regional Forecast to 2023
Jun 7, 2019
The Report Focuses on Sonobuoy Launcher Market in Asia Pacific Market, especially in China, Japan, Korea, Taiwan, Southeast Asia, India, Australia. The report categorizes the market based on Manufacturers Countries/Region, Types and Application
Pune, India - June 7, 2019 /MarketersMedia/ —
Sonobuoy is a portable and expendable sonar system which is used for various applications such as maritime patrol, ISR, submarine detection, underwater research, and so on. These small buoys are ejected from aircraft or ships using a launching system installed in them known as sonobuoy launchers. Over a period, advanced sonobuoy launchers have been developed which are adaptable to any aircraft type and can be configured without weapon management systems. Till date, only a limited number of players are involved in designing and manufacturing of sonobuoy launch systems.
Factors such as growing emphasis on maritime security and subsequent increase in naval budgets; surge in international seaborne trade and focus on safe operations; and rise in underwater exploration activities are positively impacting the sonobuoy launcher market growth.
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Segmentation:
The global sonobuoy launcher market has been segmented by launch configuration, launch mode, launch platform, and region. Based on launch configuration, the sonobuoy launcher market is divided into single launch system and multiple rotary launch system. In 2017, the multiple rotary launch system segment accounted for the largest market share as it is much effective. For instance, the sonobuoy launcher provided by Harris Corporation can launch a buoy every three seconds. It can also launch 40 sonobuoys on a single 5000 psi charge and can operate at lower pressures as well. Based on launch mode, the sonobuoy launcher market is divided into pneumatic and others. In 2017, the pneumatic segment accounted for the largest market share as it offers number of advantages over other ejection mechanism, including reduced maintenance expenses. Based on launch platform, the sonobuoy launcher market is divided into aircraft and naval vessels. In 2017, the aircraft segment accounted for the largest market share as airborne vehicles can deploy multiple sonobuoys effectively in desired locations.
In addition, the rise in defense expenditure, especially in developing countries and subsequent demand for anti-submarine warfare technology further boosts the market growth. However, the environmental regulations and impact of sonobuoys on marine life hinders market growth to a certain extent. Meanwhile, rising maritime disputes and focus on counter operations create promising growth opportunities for the sonobuoy launcher market.
Intended Audience:
Sonobuoy Manufactures
Sonobuoy Launcher Manufacturers
Providers of Dispensing Units for Sonobuoys
Defense Organizations
Research Institutes
Regulatory Bodies
Key Players:
The key players in the global sonobuoy launcher market are Harris Corporation (US), Alkan S.A. (France), JSK Naval Support Inc. (Canada), and Geospectrum Technologies Inc. (Canada).
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