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Sonobuoy Sonar System Market Emerging Analysis, Future Growth and Business Opportunities 2027 | Allied Market Research
Sonobuoy Sonar System Market
The global sonobuoy sonar system market is experiencing a significant growth due to increasing demand for sonar systems in naval forces for anti-submarine capabilities. Sonobuoy is an expendable buoy sonar system that is ejected from aircraft or ships conducting anti-submarine warfare or underwater acoustic research. Sonobuoys are ejected from aircraft in canisters and deploy upon water impact. An inflatable surface float with a radio transmitter remains on the surface for communication with the aircraft, while one or more hydrophone sensors and stabilizing equipment descend below the surface to a selected depth. The buoy relays acoustic information from its hydrophone using radio frequency to operators on board the aircraft or ship.
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COVID-19 scenario analysis:
Government has imposed lockdown to slow the spread of COVID-19 causing the sonar system manufacturers to halt manufacturing processes.
Ship builders are facing operational issues in ship construction and sonar system installation due to government decision to enforce lockdown in the wake of COVID-19.
Naval forces are forced to delay on-going military projects involving sonar system installation & upgradation, due to lack of workforce caused by the travel advisory issued by governments globally.
Sonar system manufacturers are witnessing disruption in supply chain of components and raw materials required for the development & testing of sonar system.
Maritime trade activities such as oil trade, are also on a standstill due to decline in demand. Government imposed travel restrictions due to COVID-19 pandemic has affected the maritime tourism activities as well.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in maritime tourism activities, increase in demand for seaborne trade activities, and rise in adoption of anti-submarine warfare systems are the factors that drive the global sonobuoy sonar system market. However, marine life hazard due to sonar usage hinder the market growth. On the contrary, growing military naval fleets, research & development in sensor technology, and developments in artificial intelligence present new pathways in the industry.
The global sonobuoy sonar system market trends are as follows:
Rise in adoption of anti-submarine warfare systems
Erapsco, a joint venture between Ultra Electronics (defense system manufacturer based in Middlesex, UK) and Sparton (defense contractor headquartered in Illinois, US), has received 204.6 million USD delivery order to manufacture underwater sonar systems for the US Navy. The Ultra Electronics and Sparton businesses will receive sonobuoy production subcontracts amounting to 101.7 million USD and 102.9 million USD, respectively. The award underscores the venture’s efforts to deliver technology platforms to support the Navy’s anti-submarine warfare mission. Further, the production work will take place at manufacturing facilities in Columbia City, Ind., and DeLeon Springs, Fla., through March 2022. Moreover, UUVs play crucial role in naval warfare due to its capabilities such as mine sweeping, intelligence gathering, surveillance, reconnaissance, and submarine combat. For instance, in 2019, US Navy awarded Boeing a 43 million USD contract to develop Orca extra-large unmanned underwater vehicles (XLUUVs). Orca is a long range autonomous reconfigurable UUV capable of payload delivery. Boeing has partnered with Huntington Ingalls Industries (Americas largest military shipbuilding company headquartered in Virginia, US) to test, fabricate, and deliver Orca class UUVs. Such rise in adoption anti-submarine warfare systems is expected to boost the sonar system market.
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Key benefits of the report:
This study presents the analytical depiction of the global sonobuoy sonar system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sonobuoy sonar system market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sonobuoy sonar system market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global sonobuoy sonar system market analysis based on competitive intensity and how the competition will take shape in coming years.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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