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Sonobuoy Market by Technology, Function, By Application, Size, Deployment & Geography - Global Trends and Forecasts to 2020

Sonobuoy Market: Forecasts until 2020

  • November 2015
  • 210 pages
  • ID: 3397890
In this report:
The segment comprising the commercial application of sonobuoys is expected to grow at a CAGR of ##.##% between 2015 and 2020.
The segment comprising sonobuoys used for data link communications is expected to grow at the highest CAGR of ##.##% between 2015 and 2020.
The sonobuoy market is expected to reach USD ##.## million by 2020, at a CAGR of ##.##% during the forecast period from 2015 to 2020


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Increase in maritime disputes is one of the main factors behind the growth in procurement of sonobuoys

According to the projections in this industry report, the sonobuoy market has been expected to be valued at ~$226.1M in 2015 and is projected to extend ~$316.6M by 2020, at a compound annual growth rate (CAGR) of 6.96% during the forecast term between 2015 and 2022. Factors that drive the overall sonobuoy market contain the increased focus by regions on strengthening their anti-submarine warfare capabilities, rise in efficiency of sonobuoys due to several technological advancements, and increase in maritime disputes in Asia Pacific (APAC).

Defense application segment to witness the more significant increase during the outlook period

The top applications considered for the market study are defense and civil, wherein the global sonobuoy market is leaded by, is monopolized by the defense segment. This industry segment is expected to grow at a comparatively higher Compound annual growth rate during the forecast period of 2015 to 2020, primarily driven by the large demand for sonobuoys which form an integral part of anti-submarine warfare which is a main area of importance due to the growing maritime disputes and the development of stealthier submarines.

The Asia Pacific (APAC) area to offer significant opportunities for increase

The APAC area is forecast to exhibit the maximum growth rate in the sonobuoy market, and is expected to grow at a compound annual growth rate (CAGR) of ~8% during the forecast horizon between 2015 and 2022. The increase of the sonobuoy market in this area can be accredited to the growth in maritime disputes and rised government spending by territories, such as china (CN) to enhance their anti-submarine warfare capabilities.The main firms decribed in the study contain Sparton Corporation and Ultra Electronics.

Why Purchasing This Study Can Help You:

From an insight prospect, this market research has emphasized several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the sonobuoy market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on sonobuoys provided by the top actors in the overall sonobuoy market

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the sonobuoy market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the industries for sonobuoy across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall sonobuoy market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the overall sonobuoy market


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