Press release
Global Sonobuoy Market 2019-2025 | Top Manufacturers: Sparton, Ultra Electronics, Thales
The Major regions to produce Sonobuoy are North America and Europe which accounting for about 90 % of sales revenue in total. North America is the largest demand region (sales value share 68% in 2017). Sonobuoy product demand is in a certain space, and the main consumer countries are moderately developed countries and developed countries.
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Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Increasing need amongst emerging economies to strengthen their anti-submarine operations and to monitor their natural resources are major factors driving the growth of the global sonobuoy market. Demand for sonobuoys is strongly associated with the growth of anti-submarine warfare market. Moreover, demand for passive sonobuoys is expected to increase because of the fact that it performs detection and tracking without notifying the target object about its presence, and this is expected to reflect in the revenue forecast. However, stringent regulations, high costs associated with deployment and monitoring of sonobuoys, technical limitations, etc. are major challenges expected to be faced by market players in the global sonobuoy market during the forecast period.
The global Sonobuoy market is valued at 270 million US$ in 2018 is expected to reach 360 million US$ by the end of 2025, growing at a CAGR of 3.5% during 2019-2025.
This report focuses on Sonobuoy volume and value at global level, regional level and company level. From a global perspective, this report represents overall Sonobuoy market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
Click to view Tables, Charts, Figures, TOC, and Companies Mentioned in the global Sonobuoy market Report: https://www.qyresearch.com/index/detail/965458/global-sonobuoy-market
The following manufacturers are covered:
Sparton
Ultra Electronics
Thales
Segment by Regions:
North America
Europe
China
Japan
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Segment by Type:
Active Sonobuoy
Passive Sonobuoy
Special Purpose Sonobuoy
Segment by Application:
Defense
Civil
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