Jun 4, 2019
Global Sonobuoy Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Pune , India - June 4, 2019 /MarketersMedia/ —
Sonobuoy Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Active and Passive), Size (Size A, Size B, Size C), Application (Detection & Tracking, Safety & Security, Oil & Gas, Others), Deployment (Spring, Pneumatic, Free Fall, & Cartridge), & Region—Forecast till 2023
Sonobuoy Market – Overview
The growth outlook of the sonobuoy market has improved due to technology advances recently. Market reports associated to the aerospace and defense industry have been put forward by Market Research Future which generates reports on other industry verticals that target the study of recent market scenarios better. The market is anticipated to expand with a CAGR of 8% in the forecast period.
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The cost-effectiveness of ASW systems is expected to open up new avenues for death in the coming years. The rise in the level of investment in the sonobuoy market is expected to motivate the development of the market further. The escalated purchases observed for unmanned underwater vehicles is anticipated to bolster the sonobuoy market. The upsurge in the number of contracts for sonobuoys is projected to raise the growth potential of the market in the coming years.
Competitive Analysis
The market shows an escalated growth pace due to the positive influence exerted by the market forces. The absorbed costs in the market are easily dealt with, opening up more room for development in the market. The promotional and other related expenses are improved particularly due to the progress of the market. The competitors are keenly undertaking the challenges to development and are creating strategies that can lead to an advantageous overall effect on the market's growth. Certain regions in the market are expected to achieve an absolute advantage in the market place due to optimized strategies. The accretive nature of some of the assets in the market is expected to boost the growth potential of the market. Additionally, the alliances being created in the market are expected to further motivate the expansion of the market in the coming years.
Leading Players
• Radixon (Australia)
• SeaLandAire Technologies Inc (U.S.)
• General Dynamics Corporation (U.S.)
• Thales Group (France)
• Ultra Electronics Group (U.K)
• Lone Star Electronics Co. (U.S.)
• ERAPSCO (U.S.)
• Lockheed Martin Corporation (U.S.)
• Sparton (U.S.)
• Sigma Pi-Power Sources Pvt Ltd (India)
Industry Updates:
Dec 2018 Lockheed Martin and ERAPSCO have been granted spots on a possible $220.8M contract to provide the U.S. Navy with sonobuoys. The service aims to purchase up to 18K AN/SSQ-125A units by the issuance of delivery orders under the indefinite-delivery/indefinite-quantity agreement. ERAPSCO, a shared venture of Ultra Electronics and Sparton, will perform work at facilities situated in Florida and Indiana.
In October 2018, General Dynamics Corporation-Canada, a subsidiary of General Dynamics Corporation, signed a contract to deliver a significant anti-submarine warfare (ASW) upgrade for the Royal Canadian Navy's 12 Halifax-class frigates.
In October 2018, Thales Group launched a sonobuoy called the SonoFlash, which combines a powerful emitter and a high-performance and low-frequency passive sensor.
In August 2018, Sparton signed a contract with Ultra Electronics Group to deliver sonobuoys to the US Navy.
Segmental Analysis
The segmentation of the sonobuoy market has been carried out on the basis of deployment, type, technology, application, size, and region. On the basis of technology, the sonobuoy market is segmented into DICASS, SAR, CASS, and others. Based on type, the sonobuoy market is segmented into passive and active. Based on application, the sonobuoy market is segmented into detection & tracking, oil & gas, safety & security, and others. On the basis of Size, the sonobuoy market is segmented into A, B, and C. The segmentation of the sonobuoy market on the basis of deployment comprises of spring, pneumatic, and cartridge. The regions included in the sonobuoy market are North America, Asia Pacific, Europe, the Middle East, Africa, and Latin America.
Detailed Regional Analysis
The regional analysis of the sonobuoy market consists of regions such as Europe, North America, Asia Pacific, the Middle East, Africa, and Latin America. The North American region is anticipated to lead the sonobuoy market in the approaching years, owing to the existence of key manufacturers and growing military expenses. The Asia Pacific region trails the North American region in the sonobuoy market and is appraised to track the North American region through the forecast period owing to the upsurge in maritime disputes and amplified government expenditure by nations, such as China. Besides, the Chinese government has improved the investment level owing to a disagreement over territory among Phillippines, Brunei, and Malaysia.
Key questions addressed by the report
• What was the historic market size (2017)?
• Which segmentation (Type/Size/Application/Deployment) is driving market growth?
• What will be the growth rate from 2018 to 2023?
• Who are the key players in this market?
• What are the strategies adopted by the key players?
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Sonobuoy Market, by Type, 2017–2023 (Usd Million)
Table 4 Global Sonobuoy Market, by Application, 2017–2023 (Usd Million)
Table 5 Global Sonobuoy Market, by Size, 2017–2023 (Usd Million)
Table 6 Global Sonobuoy Market, by Deployment, 2017–2023 (Usd Million)
Table 7 Global Sonobuoy Market, by Region, 2017–2023 (Usd Million)
Table 8 North America: Sonobuoy Market, by Type, 2017–2023 (Usd Million)
Table 9 North America: Sonobuoy Market, by Application, 2017–2023 (Usd Million)
Table 10 North America: Sonobuoy Market, by Size, 2017–2023 (Usd Million)
Continued.........
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Get More Information on Sonobuoy Market Research Report – Global Forecast to 2023 @ https://www.marketresearchfuture.com/reports/sonobuoy-market-6191
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/sonobuoy-market-6191
Source: MarketersMedia
Release ID: 520202
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