Sonobuoy Market is spending more than ever in recent years


Posted September 3, 2020 by nita01

Market Research Future (MRFR) has published a research report that expects aggrandizement for the global sonobuoy market with 8% CAGR (Compound Annual Growth Rate) between 2018 and 2023.
 
Sonobuoy Market Technology Key Players
The key players in the Sonobuoy Market Technology include ERAPSCO (USA), General Dynamics Corporation (USA), Lockheed Martin Corporation (USA), Lone Star Electronics Co. (USA), Radixon (Australia), SeaLandAire Technologies Inc (USA), Sigma Pi-Power Sources Pvt Ltd (India), Sparton (USA), Thales Group (France), and Ultra Electronics Group (UK).
The global sonobuoy market has been segmented on the basis of application, deployment, size, technology, type, and lastly, region. On the basis of application, this market has been segmented into detection & tracking, oil & gas, safety & security, and others. Based on deployment, the market has been segmented into the cartridge, free fall, pneumatic, and spring. By size, the market has been segmented into A, B, and C. The technology-based segmentation segments the market into command activated sonobuoy system, directional command activated sonobuoy system, directional frequency analysis and recording, low-frequency analysis and ranging, search and rescue, and others.
By types, the market has been segmented into active and passive. Active sonobuoys emit sound energy (pings) into the water and listen for the returning echo before transmitting ultra-high information frequency (UHF)/ very high frequency (VHF) radio to a receiving ship or aircraft. Passive sonobuoys emit nothing into the water. They just listen, waiting for sound waves from ships or submarines, or other acoustic signals of interest to reach the hydrophone.
The regional segmentation of the Sonobuoy Market Technology covers The Americas (North America & South America), Europe, Asia Pacific, and Middle East & Africa (MEA). During the forecast period, North America is expected to dominate the market, due to the presence of major manufacturers and increasing military expenses. The biggest country based markets in this region include the United States of America (USA) and Canada. North America is a bigger market than South America due to growing government funding for research and developments for military-related projects.

Latest Industry News
Sparton Corporation and Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE), have inked subcontracts valued at the US $9.3 mn from their ERAPSCO/Sonobuoy TechSystems joint venture. ERAPSCO/Sonobuoy TechSystems will provide manufacturing subcontracts in the amount of $4.5 mn to Sparton DeLeon Springs, LLC and $4.8 mn to Ultra Electronics USSI. 10 AUG 2018
ERAPSCO has earned a contract worth the US $9.6 mn for engineering support for the Navy's underwater active sonobuoys. 25 JAN 2018
A sonobuoy is useful for detecting the aircraft and track submarines at sea. It also provides the airborne platform with the capability of using underwater sound to determine the presence of an enemy submarine. Market Research Future (MRFR) has published a research report that expects aggrandizement for the global sonobuoy market with 8% CAGR (Compound Annual Growth Rate) between 2018 and 2023.
The key factors that drive the growth of this market include technological advancement, increasing demand for the development of the sonobuoy system, and increased need for cost-effective Anti-Submarine Warfare (ASW) systems. However, shortcomings like the low capability of sonobuoys to detect increasing stealthier submarines in littoral zones can restrain the growth of this market.
Due to technological advancement, Europe is a significant market. The most important market in this region comprise of France, Germany, Russia, and the United Kingdom (UK). The MEA region is a small market due to lack of awareness, lack of education, lack of technological development.
Global Sonobuoy Market: Information 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 @ https://www.marketresearchfuture.com/reports/sonobuoy-market-6191
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Last Updated September 3, 2020