Global Sonobuoy Market 2020-2024
Technavio has been monitoring the sonobuoy market and it is poised to grow by $ 178.29 million during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on sonobuoy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for strengthening ASW capabilities, increasing deployment of UAV/UUV, and increasing number of submarines. In addition, growing demand for strengthening ASW capabilities is anticipated to boost the growth of the market as well.
The sonobuoy market analysis includes end-user segment and geographic landscapes
Technavio's sonobuoy market is segmented as below:
By End User
- Special purpose
By Geographic Landscapes
- North America
- South America
This study identifies the introduction of new software for communication as one of the prime reasons driving the sonobuoy market growth during the next few years. Also, miniature sonobuoys, and introduction of solid state bipolar battery for high power sonobuoy applications will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our sonobuoy market covers the following areas:
- Sonobuoy market sizing
- Sonobuoy market forecast
- Sonobuoy market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sonobuoy market vendors that include ALCEN, General Dynamics Corp., RADIXON Group Pty. Ltd., Rostec State Corp., SeaLandAire Technologies Inc., Sociedad Anonima de Electronica Submarina, Sparton Corp., Tata Power SED, Thales Group, and Ultra Electronics Holdings Plc. Also, the sonobuoy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.