Global Market Study on Sonobuoy: Passive Sonobuoy Segment to Retain Its Dominance Through 2024


  • Published On : Oct-2016 |
  • Pages : 149 Pages |
  • Format :

Persistence Market Research analyzes the global sonobuoy market over an eight year period from 2016 to 2024. The study demonstrates market dynamics and trends across regions that are expected to influence the current status and future prospects of the global sonobuoy market over the forecast period (2016 – 2024). The primary objective of the report is to offer information on market drivers, restraints, trends, opportunities, and value chain analysis; and updates on developments in the global sonobuoy market.

Sonobuoys are acoustic sensors built on the principle of Sound Navigation and Ranging (SONAR) system, for detecting the presence of submarines, sunken ships, oil and gas deposits, etc. They are carried in a Sonobuoy Launch Container (SLC) in ships and aircraft for pneumatic or free-fall launch. They are built with hydrophones or transducers for converting sound signal to an electrical signal and transmitting it to the patrolling aircraft or ship. On the basis of operation, they are classified into passive and active sonobuoys. Sonobuoys are manufactured in sizes A and B. Size A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have dimensions of 6.875” x 60”.

The report starts with market overview and provides market definition and analysis about the drivers, restraints, opportunities, and key trends in the market. The subsequent sections include analysis of the global sonobuoy market – by type, by application, and by region. All the three sections evaluate the market on the basis of various factors affecting the market, covering the present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with the forecast provided for 2016–2024. Impact analysis of key regional growth drivers and restraints based on the weighted average model along with key region-specific trends is included in the report to better equip clients with information and hidden insights. To understand and assess the demand and opportunities in this market, the report is categorically split into four major sections, namely market analysis – by type, by application, by size and by region. The report analyzes the global sonobuoy market in terms of market value (US$ Mn).

The final section of the global sonobuoy market report presents a competitive landscape of the global sonobuoy market to provide report audiences with a dashboard view of leading market players operating in the global sonobuoy market, along with information on their market performance, SWOT analysis, and key business strategies. Some of the key players identified in the global sonobuoy market include ERAPSCO, Radixon, and Thales Group.

Research methodology

The global sonobuoy market report utilizes extensive primary and secondary research to ascertain overall market size, top industry players, top products, etc. The report incorporates various viewpoints based on secondary research. Furthermore, data points such as regional split and market split by product type, application type and region; and qualitative inputs from industry experts have been taken into consideration to arrive at suitable market estimates. The report begins by sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the ever-fluctuating nature of the global economy, the report presents forecasts not only in terms of CAGR, but also analyzes the global sonobuoy market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities in the global sonobuoy market. The report also analyzes the different segments of the global sonobuoy market in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important to identify the many trends governing the global sonobuoy market.

Another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global sonobuoy market. Further, to understand key market segments in terms of growth and performance in the global sonobuoy market, Persistence Market Research has developed a market attractiveness index to help providers identify real market opportunities in the global sonobuoy market.

Sonobuoys are acoustic sensors built on the principle of Sound Navigation and Ranging (SONAR) system, for detecting the presence of submarines, sunken ships, oil and gas deposits, etc. They are carried in a Sonobuoy Launch Container (SLC) in ships and aircraft for pneumatic or free-fall launch. They are built with hydrophones or transducers for converting sound signal to an electrical signal and transmitting it to the patrolling aircraft or ship. On the basis of operation, they are classified into passive and active sonobuoys. Sonobuoys are manufactured in sizes A and B. Size A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have dimensions of 6.875” x 60”.

Revenue generated by the global sonobuoy market is estimated to reach US$ 518.4 Mn by 2016, witnessing an increase of 5.8% over 2015. Passive sonobuoy segment is estimated to hold the largest share among the type of sonobuoys available, accounting for US$ 362.6 Mn by 2016, up from US$ 342.4 Mn in 2015. The global sonobuoy market is forecasted to register 6.3% CAGR during the period 2016-2024, and reach US$ 844.9 Mn in revenues by 2024 end.

Market dynamics

Sonobuoys are acoustic sensing systems, released in the ocean from an aircraft or ship, for detecting sound signals underwater. These anti-submarine warfare systems consist of hydrophones, which are used for listening and recording acoustic signals emitted from other submarines. These signals are sent back to the aircraft or ship using radio transmitters in the sonobuoys. Early detection of enemy submarines can help prevent potential attacks and loss of resources. These factors are driving naval forces around the world to deploy sonobuoys, and hence driving the growth of the global sonobuoy market.

Some sonobuoys are used for echo sounding, to measure the depth of a water body. Sonobuoy transmits a sound wave that gets reflected back from the seafloor. The time it takes for the wave to travel back to the ship is recorded and used for calculating depth and thickness of the seabed, identifying composition of the layers in the seabed, and detecting salt domes and seeps. Overtime, salt accumulates to form a dome from where oil and gas can be extracted. As oil and gas are valuable resources, various governments are making major investments for installation of sonobuoys to locate sand domes and seeps, thereby driving the growth of the global sonobuoys market.

Sonobuoys detect presence of enemy submarines, and transmit the signal back to aircraft or ship. For locating accurate position of the submarine, sonobuoys are launched in a particular pattern. Hence, each sonobuoy is required to be assigned a different radio frequency for transmitting signals. These sonobuoys can only be launched by ships and aircrafts that have sonobuoy launchers. Technicians on these aircrafts and ships need to continuously monitor these received signals to prevent potential threats. Monitoring and analysis of acoustic signals transmitted by these sonobuoys needs employment of skilled technicians. Thus, various additional costs are associated with sonobuoys, apart from initial purchase costs. Most governments of underdeveloped economies are unable to afford such expenses, which adversely affects deployment of sonobuoys.

Governments of various countries have laid down certain regulations for deployment of sonobuoys. These regulations are set to limit the use of sonobuoys in areas where marine life exists and this is expected to act as a restraint for the global sonobuoy market.

Segment analysis

Among all the types of sonobuoys, passive sonobuoy segment is estimated to account for maximum market revenue share by 2024, owing to the fact that passive sonobuoys can perform detection without revealing their presence to the target. Active sonobuoys segment is estimated to account for the second largest market revenue share by 2024, owing to the fact that active sonobuoys are used for localization and tracking of targets.

In the application segment, detection and tracking segment is estimated to increase at the highest growth rate in the forecast period, followed by safety and security segment. Detection and tracking the presence of adversary submarines is a major factor expected to drive demand for this application segment.

Regional analysis

The sonobuoy market in North America region is expected to be the largest revenue generator by 2024, and is expected to account for a revenue share of 70.4% by 2024, owing to the presence of established sonobuoy manufacturers and increased defense spending by respective governments. The market in Europe is estimated to be the second largest in the global sonobuoy market with market revenues expected to be worth US$ 103.4 Mn by 2024.

global sonobuoy market

Key market players

Some key vendors such as ERAPSCO, Radixon, and Thales Group focus on collaborating with naval forces to provide enhanced product offerings specifically suited for defense applications, to consolidate their position in the market. ERAPSCO is a joint venture between Sparton Corporation and Ultra Electronics USSI, focused on manufacturing sonobuoys and related products for antisubmarine operations.

Company Profiles

  • ERAPSCO (joint venture between Sparton Corporation and Ultra Electronics USSI)
  • Radixon
  • Thales Group
  • Sealandaire Technologies, Inc.
  • General Dynamics Corporation
  • Lockheed Martin Corporation
  • Others
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