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Sonobuoy market is anticipated to grow from US$ 518.4 Mn in 2016 to US$ 844.9 Mn by 2024, expanding at a CAGR of 6.3% in terms of revenue during the forecast period (2016-2024) ERAPSCO ,Radixon,Thales Group,Sealandaire Technologies, Inc.,General Dynamics

Sonobuoy market is anticipated to grow from US$ 518.4 Mn in 2016

Market dynamics

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.

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Market forecast

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 section – market analysis, by type, comprehensively analyzes the market on the basis of type and presents an in-depth analysis of the market in terms of value for 2016-2024. In 2015, the passive sonobuoy segment dominated the global sonobuoy market, followed by the active sonobuoy segment. The passive sonobuoy segment is anticipated to expand at the fastest CAGR of 6.5% over the forecast period in the global sonobuoy market in terms of revenue, followed by the active sonobuoy segment.

The section – market analysis by application, analyzes the global sonobuoy market on the basis of application and the data is provided in terms of value for 2016-2024. The detection & tracking segment is expected to expand at the highest CAGR of 6.7% in terms of value during the forecast period. In terms of market share, detection & tracking segment accounted for a major percentage of the revenue share of the overall market in 2015 and is expected to dominate the global sonobuoy market throughout the forecast years, followed by safety & security segment.

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.

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Table Of Content:

1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Global Sonobuoy Market Overview
5. Global Sonobuoy Market Analysis, By Type
6. Global Sonobuoy Market Analysis, By Application
7. Global Sonobuoy Market Analysis, By Size
8. Global Sonobuoy Market Analysis, By Region
9. North America Sonobuoy Market
10. Latin America Sonobuoy Market
11. Europe Sonobuoy Market
12. Asia Pacific Sonobuoy Market
13. MEA Sonobuoy Market
14. Global Sonobuoy Market Competition Landscape

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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You can edit or delete your press release Sonobuoy market is anticipated to grow from US$ 518.4 Mn in 2016 to US$ 844.9 Mn by 2024, expanding at a CAGR of 6.3% in terms of revenue during the forecast period (2016-2024) ERAPSCO ,Radixon,Thales Group,Sealandaire Technologies, Inc.,General Dynamics here

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