Sonobuoy Market Synopsis:
Sonobuoy Market Size Was Valued at USD 430.2 Billion in 2023, and is Projected to Reach USD 777.7 Billion by 2032, Growing at a CAGR of 6.8% From 2024-2032.
Sonobuoy Market refers to the creation, manufacture and use of buoy devices fitted with sonar devices for purposes of detection and communication under the water. Hence, these devices are vital for marine services, military use especially naval defense, ‘ASW and civil uses such as underwater surveying and research.
The sonobuoy market has changed over the years as a result of increasing security threats, developement of new underwater surveillance technologies, and an expanding demand for effective naval protection equipment. Sonobuoys are floating devices that carry sonar and communication facilities and are employed main for identifying submarines and others activities occurring beneath the sea surface. The market’s growth is_due to ongoing naval modernization programs worldwide, with a particular emphasis on improving ASW capabilities. In addition, the international geopolitical tensions and territorial conflicts and requirements for efficient underwater surveillance technologies.
The commercial segment also forms a part of the sonobuoy market apart from defense usage. Offshore oil and gas exploration firms, and marine research organizations employ sonobuoys in water data acquisition and surveillance. These devices include sound collection, ocean measurement, and safety during naval activities.
New trends specially observed in the market now are going to have autonomous systems along with the artificial intelligence for better detection along with early response time. Also, to reduce pollution there are works for using biodegradable materials to produce sonobuoys as well. Currently, the main consumers of naval and marine systems are countries with well-developed navies, mainly in North America and Europe; however, the Asia-Pacific region is rapidly developing due to the growth of naval fleets and increasing spending on maritime security.
Sonobuoy Market Trend Analysis:
Autonomous Sonobuoys
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Autonomy applied in sonobuoy systems’ array is rapidly being enhanced thus performing a significant turnaround in underwater detection and surveillance. Self-sailing sonobuoys that have artificial intelligence hardware and software with features of machine learning can navigate independently, analyze underwater activities, and relay information simultaneously. This trend has gained renewed vitality gradually, as navies across the globe are in the search for better means to enhance their ASW capacities and reduce the role of men in such operations as much as possible.
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Again, self-employed systems also improve efficiency through less operating expenses and longer use time. For example, machine learning can distinguish between dolphins and submarines thus reducing on false signals and increasing accuracy in military operations. There is an expectation that as this technology progresses on, it will form the basic foundation of modern naval operations, which will help promote the sonobuoy market even more.
Expansion in Commercial Applications
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The most promising future market area is considered to be the commercial one, where the use of sonobuoys is still confined to the defense field. URG has detected rising market demand for more sophisticated underwater monitoring technology used in the offshore energy sector, marine research, and fishery. Sonobuoys are gradually being adopted in measuring sound fields, evaluating marine ecosystems and assisting in safe underwater construction.
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This is moving toward such commercial usage due to increasing demands for monitoring environmental changes and implementing sustainability in marine industry. Governments and private organization have been sourcing for technologies that assist them in underwater searching and environment protection. As such, manufacturers are able to expand their production portfolios and target not only military clients but also the consumer sector, where there is a great focus on economic returns.
Sonobuoy Market Segment Analysis:
Sonobuoy Market is Segmented on the basis of Type, Function, Deployment Mode, Application, End User, and Region.
By Type, Active Sonobuoy segment is expected to dominate the market during the forecast period
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Active Sonobuoys introduce sound pulse into the water and measures the signals bounced back in order to identify the presence of underwater object. These are widely used in defense for ASW operations it is mainly because of the effectiveness of the radar in detecting and tracking submarines. While the Passive Sonobuoys merely listens for sounds beneath the sea without the emission of signals, they are perfect for surveillance. Special Purpose Sonobuoys are designed to serve specific need in some specific areas such as environmental concerns and signaling.
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High specific intensity of active sonobuoys can be explained by effectiveness of the devices in combat proceedings. However passive sonobuoys are gradually being adopted because they do not pose a threat to the enemy. The Segments which include special purposed sonobuoys are relatively small and is growing in commercial area which is diversifying this market.
By Application, Defense segment expected to held the largest share
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Sonobuoys play a very important role for naval operations especially ASW and underwater surveillance. This segment occupies the biggest share of the market due to growth in interest in naval security and sophisticated naval groups. Marine research, underwater mapping and offshore energy exploration are some of the visibly growing areas on the commercial side of the use.
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The defense segment will maintain the highest share as growth is more likely to be fueled by the government investment in naval modernization. On the other hand, the commercial segment which had moderate revenues presented a good prognosis due to increased demands by industries for better underwater surveillance for environmental monitoring and other operations.
Sonobuoy Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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North America is the dominating region for the sonobuoy market due to its sound naval facilities, high defense budget, and insistence on the development of new technologies. It is due to the United State navy’s ongoing array of Anti-submarine warfare programs and partnerships with prime ASW system suppliers’ companies. Also, having recognized manufacturers and laboratories in place guarantees the constant development of the sonobuoy systems.
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The region’s prominence is also maybe owed to them focusing on the realities of maritime insecurity in the Atlantic and Pacific. North America remains the most active geographical segment in terms of incorporating advanced systems in naval activities and is expected to maintain dominance in the sonobuoy market.
Active Key Players in the Sonobuoy Market
- ERAPSCO (USA)
- General Dynamics Corporation (USA)
- GeoSpectrum Technologies Inc. (Canada)
- L3Harris Technologies, Inc. (USA)
- Lockheed Martin Corporation (USA)
- RAE Systems by Honeywell (USA)
- SEA, a Cohort Plc Company (UK)
- SigmaPi Power Sources Pvt Ltd. (India)
- Sonardyne International Ltd. (UK)
- Sparton Corporation (USA)
- Thales Group (France)
- Ultra-Electronics Holdings (UK)
- Other Active Players.
Key Industry Developments in the Sonobuoy Market:
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In June 2024, Thales Group announced successful launch and deployment for its new Sonobuoy from maritime patrol aircraft. This new product comes with advanced sonar and acoustic sensors that will help to improve the naval operations. The product will be delivered to French navy by 2025
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In March 2024, GA-ASI along with NAVAIR conducted series of tests for sonobuoy system using Unmanned Aircraft System in test range of Southern California. This successful demonstration is expected to improve the company’s Anti-Submarine Warfare capabilities.
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Global Sonobuoy Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 430.2 Billion |
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Forecast Period 2024-32 CAGR: |
6.8% |
Market Size in 2032: |
USD 777.7 Billion |
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Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Sonobuoy Market by Type
4.1 Sonobuoy Market Snapshot and Growth Engine
4.2 Sonobuoy Market Overview
4.3 Day Spa
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Day Spa: Geographic Segmentation Analysis
4.4 Destination Spa
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Destination Spa: Geographic Segmentation Analysis
4.5 Medical Spa
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Medical Spa: Geographic Segmentation Analysis
4.6 Mineral Spa
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Mineral Spa: Geographic Segmentation Analysis
4.7 Hotel/Resort Spa
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Hotel/Resort Spa: Geographic Segmentation Analysis
Chapter 5: Sonobuoy Market by Service
5.1 Sonobuoy Market Snapshot and Growth Engine
5.2 Sonobuoy Market Overview
5.3 Massage
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Massage: Geographic Segmentation Analysis
5.4 Body Treatment
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Body Treatment: Geographic Segmentation Analysis
5.5 Facials
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Facials: Geographic Segmentation Analysis
5.6 Hair and Nail Services
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Hair and Nail Services: Geographic Segmentation Analysis
5.7 Others
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others: Geographic Segmentation Analysis
Chapter 6: Sonobuoy Market by End User
6.1 Sonobuoy Market Snapshot and Growth Engine
6.2 Sonobuoy Market Overview
6.3 Male
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Male: Geographic Segmentation Analysis
6.4 Female
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Female: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Sonobuoy Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 SPARTON CORPORATION (USA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 ULTRA ELECTRONICS HOLDINGS (UK)
7.4 THALES GROUP (FRANCE)
7.5 GENERAL DYNAMICS CORPORATION (USA)
7.6 LOCKHEED MARTIN CORPORATION (USA)
7.7 L3HARRIS TECHNOLOGIES INC. (USA)
7.8 ERAPSCO (USA)
7.9 SONARDYNE INTERNATIONAL LTD. (UK)
7.10 SEA
7.11 A COHORT PLC COMPANY (UK)
7.12 RAE SYSTEMS BY HONEYWELL (USA)
7.13 SIGMAPI POWER SOURCES PVT LTD. (INDIA)
7.14 GEOSPECTRUM TECHNOLOGIES INC. (CANADA)
7.15 OTHER ACTIVE PLAYERS
Chapter 8: Global Sonobuoy Market By Region
8.1 Overview
8.2. North America Sonobuoy Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Day Spa
8.2.4.2 Destination Spa
8.2.4.3 Medical Spa
8.2.4.4 Mineral Spa
8.2.4.5 Hotel/Resort Spa
8.2.5 Historic and Forecasted Market Size By Service
8.2.5.1 Massage
8.2.5.2 Body Treatment
8.2.5.3 Facials
8.2.5.4 Hair and Nail Services
8.2.5.5 Others
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Male
8.2.6.2 Female
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Sonobuoy Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Day Spa
8.3.4.2 Destination Spa
8.3.4.3 Medical Spa
8.3.4.4 Mineral Spa
8.3.4.5 Hotel/Resort Spa
8.3.5 Historic and Forecasted Market Size By Service
8.3.5.1 Massage
8.3.5.2 Body Treatment
8.3.5.3 Facials
8.3.5.4 Hair and Nail Services
8.3.5.5 Others
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Male
8.3.6.2 Female
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Sonobuoy Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Day Spa
8.4.4.2 Destination Spa
8.4.4.3 Medical Spa
8.4.4.4 Mineral Spa
8.4.4.5 Hotel/Resort Spa
8.4.5 Historic and Forecasted Market Size By Service
8.4.5.1 Massage
8.4.5.2 Body Treatment
8.4.5.3 Facials
8.4.5.4 Hair and Nail Services
8.4.5.5 Others
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Male
8.4.6.2 Female
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Sonobuoy Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Day Spa
8.5.4.2 Destination Spa
8.5.4.3 Medical Spa
8.5.4.4 Mineral Spa
8.5.4.5 Hotel/Resort Spa
8.5.5 Historic and Forecasted Market Size By Service
8.5.5.1 Massage
8.5.5.2 Body Treatment
8.5.5.3 Facials
8.5.5.4 Hair and Nail Services
8.5.5.5 Others
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Male
8.5.6.2 Female
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Sonobuoy Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Day Spa
8.6.4.2 Destination Spa
8.6.4.3 Medical Spa
8.6.4.4 Mineral Spa
8.6.4.5 Hotel/Resort Spa
8.6.5 Historic and Forecasted Market Size By Service
8.6.5.1 Massage
8.6.5.2 Body Treatment
8.6.5.3 Facials
8.6.5.4 Hair and Nail Services
8.6.5.5 Others
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Male
8.6.6.2 Female
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Sonobuoy Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Day Spa
8.7.4.2 Destination Spa
8.7.4.3 Medical Spa
8.7.4.4 Mineral Spa
8.7.4.5 Hotel/Resort Spa
8.7.5 Historic and Forecasted Market Size By Service
8.7.5.1 Massage
8.7.5.2 Body Treatment
8.7.5.3 Facials
8.7.5.4 Hair and Nail Services
8.7.5.5 Others
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Male
8.7.6.2 Female
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Global Sonobuoy Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 430.2 Billion |
|
Forecast Period 2024-32 CAGR: |
6.8% |
Market Size in 2032: |
USD 777.7 Billion |
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Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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