Sonobuoys Market Analysis and Forecast 2020: By Keyplayers Sparton Corporation and Ultra Electronics USSI), Lockheed Martin Corporation, SEALANDAIRE TECHNOLOGIES, INC., Radixon, General Dynamics Corporation (General Dynamics Mission Systems, Inc.), and Th

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Market Overview

A sonobuoy is a small buoy measuring around 91cm in diameter and 3 ft long that is used as expandable sonar system ejected from ships or aircraft that conduct underwater acoustic research or anti-submarine warfare. They are typically carried in a Sonobuoy Launch Container (SLC) and are built with hydrophones or transducers to convert sound signal to an electrical signal. A decent retarding device namely parachute or rotating blade assembly is connected to sonobuoys, in order to minimize water-entry shock and descent velocity and aids in increasing aerodynamic stability. The assembly of parachutes and rotating blade is called rotochutes.
The global sonobuoys market was valued US$ 617.7Mn in 2019 and expected to reach US$ 1014.8 Mn by 2027.

Competitive Landscape

Key players in the global sonobuoy market are ERAPSCO (a joint venture between Sparton Corporation and Ultra Electronics USSI), Lockheed Martin Corporation, SEALANDAIRE TECHNOLOGIES, INC., Radixon, General Dynamics Corporation (General Dynamics Mission Systems, Inc.), and Thales Group.

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Market Dynamics- Drivers

1. Growing deployment of sonobuoys to detect the presence of submarines is expected to drive growth of the global sonobuoy market during the forecast period

Sonobuoys are acoustic sensing systems, deployed in the ocean from a ship or aircraft to detect sound signals underwater. These antisubmarine warfare systems are comprised of hydrophones that are utilized to record and listen to acoustic signals emitted from other submarines. Moreover, the signals are guided back to the ship or aircraft with the help of radio transmitters in the sonobuoys. The deployment of sonobuoys is done in a particular pattern, in order to locate exact position of submarines. Early detection of submarines can aid in preventing possible attacks and loss or resources. Hence, these factors are expected to drive growth of the global sonobuoy market during the forecast period. For instance, in August 2016, the U.S. Navy entered into a US$ 12.4 million-contract with NAVMAR Applied Sciences Corporation for cost-plus-fixed-fee delivery order for R&D and testing of sonobuoys.

2. Increasing implementation for detection of oil & gas deposits is expected to propel the global sonobuoy market growth over the forecast period

Although sonobuoys are used in anti-submarine warfare, it also finds applications in locating oil & gas deposits. Some sonobuoys are used for echo sounding, in order to measure depth of a water body. The basic principle is that sonobuoy transmits a sound wave that gets reflected from the seafloor. The depth can thickness of seabed is calculated with time taken by wave to travel back to the ship. Moreover, composition of the layers in the seabed is identified and salt domes and seeps are detected. Over the time, salt accumulates to form a dome from where oil and gas can be extracted. Since oil and gas are valuable resources, governments of various countries are taking proactive initiatives to invest in installment of sonobuoys to locate sand seeps and domes. Thus, increasing application in oil & gas deposit detection is expected to boost the market growth over the forecast period.

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Market Opportunities

1. Enhanced capabilities of radio transmitters, receivers, and acoustic sensing is expected to present lucrative growth opportunities

Previously sound signal that is transmitted and received by sonobuoy used to get corrupted due to mixing of some noise that entered into the channel. However, currently used sonobuoy transmitters and receivers have the ability to filter out noise up to certain extent. Constant research and development activities for the development of advanced sonobuoy transmitters and receivers with improved capability to remove noise can present major market opportunity in the near future for sonobuoy makers. The sonobuoys have average operating life of eight hours, which means sonobuoys can be replaced after every eight hours. Such time lapse in replacement could lead to possibility of missing critical information. Manufacturers can provide sonobuoys with longer operating life to capitalize major growth opportunity.

2. Increasing defense investment on sonar systems is expected to present major market opportunities in the near future

Developed countries such as the U.S. are actively investing significant amount in defense sector, especially in sonar system. Such increased investment can pose growth opportunity for market players to provide innovative products to government and capitalize on untapped market potential.

Market Trends

1. Use of passive sonobuoys with advanced sensing capabilities

Passive sonobuoys are deployed in water bodies for silently detecting submarines. Passive sonobuoys are integrated with hydrophones for converting underwater sound to an electrical signal. Directional Frequency Analysis and Recording (DIFAR) sonobuoys, which is a type of passive sonobuoy with hydrophones offering advanced capabilities such as options for depth selection and sonobuoy’s underwater lifespan selection, are popular and widely deployed. For instance, AN/SSQ-53F is the latest A-type passive sonobuoy offered by SonobuoyTech Systems, with different sensor modes, electronic, and command functions for selection.

2. Active sonobuoys with range and direction capabilities

Once the location of an enemy submarine has been detected by passive sonobuoy, active sonobuoy is deployed for acquiring the exact location. Active sonobuoys are incorporated with transducers for transmitting an acoustic signal and receiving the reflected signal. These sonobuoys are manufactured for number of reasons. For instance, AN/SSQ-62E by SonobuoyTech Systems, is one of the most widely deployed active sonobuoy types. This Directional Command Active Sonobuoy System (DICASS) has capabilities of providing information regarding the range and direction of the target.

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Key Developments

1. Key companies in the market are focused on agreements and contracts, in order to gain competitive edge in the market. For instance, in August 2019, ERAPSCO entered into contract the U.S. Navy to supply sonobuoy.

2. Major market players are involved in agreements and contracts, in order to gain competitive edge in the market. For instance, in December 2018, Lockheed Martin Corporation entered into contract with the U.S. Navy to provide up to 18,000 AN/SSQ-125A series sonobuoys.

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