Sonobuoy Market: Passive Sonobuoy Segment to Retain Its Dominance Through 2024
Sonobuoys are acoustic sensors built on the principle of Sound Navigation and Ranging (SONAR) system, for detecting the presence of submarines, sunken ships, oil and gas deposits, etc. They are carried in a Sonobuoy Launch Container (SLC) in ships and aircraft for pneumatic or free-fall launch. They are built with hydrophones or transducers for converting sound signal to an electrical signal and transmitting it to the patrolling aircraft or ship. On the basis of operation, they are classified into passive and active sonobuoys. Sonobuoys are manufactured in sizes A and B. Size A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have dimensions of 6.875” x 60”.Browse Market Research Report @ https://www.persistencemarketresearch.com/market-research/sonobuoy-market.asp
Revenue generated by the global sonobuoy market is estimated to reach US$ 518.4 Mn by 2016, witnessing an increase of 5.8% over 2015. Passive sonobuoy segment is estimated to hold the largest share among the type of sonobuoys available, accounting for US$ 362.6 Mn by 2016, up from US$ 342.4 Mn in 2015. The global sonobuoy market is forecasted to register 6.3% CAGR during the period 2016-2024, and reach US$ 844.9 Mn in revenues by 2024 end.
Market dynamics
Sonobuoys are acoustic sensing systems, released in the ocean from an aircraft or ship, for detecting sound signals underwater. These anti-submarine warfare systems consist of hydrophones, which are used for listening and recording acoustic signals emitted from other submarines. These signals are sent back to the aircraft or ship using radio transmitters in the sonobuoys. Early detection of enemy submarines can help prevent potential attacks and loss of resources. These factors are driving naval forces around the world to deploy sonobuoys, and hence driving the growth of the global sonobuoy market.
Some sonobuoys are used for echo sounding, to measure the depth of a water body. Sonobuoy transmits a sound wave that gets reflected back from the seafloor. The time it takes for the wave to travel back to the ship is recorded and used for calculating depth and thickness of the seabed, identifying composition of the layers in the seabed, and detecting salt domes and seeps. Overtime, salt accumulates to form a dome from where oil and gas can be extracted. As oil and gas are valuable resources, various governments are making major investments for installation of sonobuoys to locate sand domes and seeps, thereby driving the growth of the global sonobuoys market.
Sonobuoys detect presence of enemy submarines, and transmit the signal back to aircraft or ship. For locating accurate position of the submarine, sonobuoys are launched in a particular pattern. Hence, each sonobuoy is required to be assigned a different radio frequency for transmitting signals. These sonobuoys can only be launched by ships and aircrafts that have sonobuoy launchers. Technicians on these aircrafts and ships need to continuously monitor these received signals to prevent potential threats. Monitoring and analysis of acoustic signals transmitted by these sonobuoys needs employment of skilled technicians. Thus, various additional costs are associated with sonobuoys, apart from initial purchase costs. Most governments of underdeveloped economies are unable to afford such expenses, which adversely affects deployment of sonobuoys.
Fill the form to gain deeper insights on this market @ https://www.persistencemarketresearch.com/samples/8119
Governments of various countries have laid down certain regulations for deployment of sonobuoys. These regulations are set to limit the use of sonobuoys in areas where marine life exists and this is expected to act as a restraint for the global sonobuoy market.
Segment analysis
Among all the types of sonobuoys, passive sonobuoy segment is estimated to account for maximum market revenue share by 2024, owing to the fact that passive sonobuoys can perform detection without revealing their presence to the target. Active sonobuoys segment is estimated to account for the second largest market revenue share by 2024, owing to the fact that active sonobuoys are used for localization and tracking of targets.
In the application segment, detection and tracking segment is estimated to increase at the highest growth rate in the forecast period, followed by safety and security segment. Detection and tracking the presence of adversary submarines is a major factor expected to drive demand for this application segment.
Regional analysis
The sonobuoy market in North America region is expected to be the largest revenue generator by 2024, and is expected to account for a revenue share of 70.4% by 2024, owing to the presence of established sonobuoy manufacturers and increased defense spending by respective governments. The market in Europe is estimated to be the second largest in the global sonobuoy market with market revenues expected to be worth US$ 103.4 Mn by 2024.
About PMR
Persistence Market Research (PMR) is a third-platform research firm. Ourresearch model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
Contact PMR
305 Broadway,7th Floor
New York City, NY 10007
United States
T: +1-646-568-7751
Tollfree: +1 800-961-0353
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sonobuoy Market: Passive Sonobuoy Segment to Retain Its Dominance Through 2024 here
News-ID: 799953 • Views: …
More Releases from PMR
Online Apparel Market Gain Impetus due to the Growing Demand over 2016 - 2026
The ecommerce sector have observed extraordinary growth over the past few years. The growth was primarily driven by prompt adoption of technology led by inclining use of devices such as tablets and smartphones as well as access to internet through 3G and broadband which ultimately resulted in inclination in the online consumer base. The growth showcased by some of the players such as snapdeal and flipkart exhibited immense potential of…
Passenger Car Accessories Market Likely to Emerge over a Period of 2016 - 2026
The global passenger car accessories market enables unlock the potential for the companies which are striving in car accessories market. Continuous up gradation of models along with advanced features in car accessories enables fascinated most of people towards car accessories. The advanced car accessories offers a trendy look to car as well as comfort. The interior accessories such as MP3 players, LED screens, speakers and stereo devices offers entertainment while…
Motorcycle Accessories Market Prophesied to Grow at a Faster Pace by 2016 - 2026
Improved economic outlook across the globe resulted into substantial increase in purchasing power of consumers over the past few years. Consequently, several industry verticals reported an increase in overall demand for respective products, and automotive industry is no different. However, different trends in sales reported across sub-segments within the automotive sector, but motorcycle sales has always remained impressive, particularly in high potential markets. Growth in global motorcycle market ascertained the…
Natural Food Beverage Foaming Agent Market Detailed Analytical Overview by 2016 …
Introduction
A foaming agent is a surfactant, which when present in small amounts, facilitates the formation of a foam, or enhances its stability by inhibiting the coalescence of bubbles. Natural Food & Beverage foaming agent are food additives which are used maintain the uniform dispersion of gases in aerated foods. Foam is produced with the help of trapping the gas bubbles and it is offered either in form of solid or…
More Releases for Sonobuoy
Innovative Turmoil To Run Through The Sonobuoy Market
The global sonobuoy market is anticipated to grow from a valuation of US$ 324.7 Mn in 2021 to close to US$ 600 Mn by 2031, expanding at a CAGR of 6.3% in terms of revenue. In this revised report, the global market is tracked in terms of value and is calibrated to obtain market revenue estimates.
Sonobuoys are acoustic sensors built on the principle of Sound Navigation and Ranging (SONAR) system,…
The Sonobuoy Market To Supersede Based On Innovation
Sonobuoy Market Dynamics Has a More Significant Influence On Market. These Reports Offer an In-Depth Analysis Of The Latest Industry Trends That Could Be Prevalent In The Industries For Its Significant Growth. Sonobuoy Market Dynamics Reports Contain Brief and In-Depth Information and Details About The Market Definitions And Manufacturing Methods Of Different Industries. It Offers A Brief And Detailed Overview Of The Industry With An Insightful Explanation. With This Report,…
Sonobuoy Launcher Market Size, Share, Development by 2023
Global Info Research offers a latest published report on Sonobuoy Launcher Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-sonobuoy-launcher-market_p106999.html
Sonobuoy is a portable and expendable sonar system…
Global Sonobuoy Market 2018 - Sparton, Ultra Electronics, Thales
The competitive framework study Global Sonobuoy Market is an in-depth study that covers all the aspects of the industry. The research report delivers key insights verified by key industry participants. These include market-leading participants, key clients and consumers, and product types and applications.As per the world economic growth, the Sonobuoy market size is estimated from 3250 million $ in 2014 to 3500 million $ in 2017.The Sonobuoy Market is expected…
Sonobuoy Market Progresses for Huge Profits During 2024
Persistence Market Research analyzes the global sonobuoy market over an eight year period from 2016 to 2024. The study demonstrates market dynamics and trends across regions that are expected to influence the current status and future prospects of the global sonobuoy market over the forecast period (2016 – 2024). The primary objective of the report is to offer information on market drivers, restraints, trends, opportunities, and value chain analysis; and…
New Research Report Examine Sonobuoy Market: Passive Sonobuoy Segment to Retain …
This new research Global Sonobuoy Market report also covers information about the production and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the concerned sector is highlighted in the report which indicates a prosperous future. Market Research Reports Search Engine analyzes the global sonobuoy market over an eight year period from 2016 to 2024. The study demonstrates market dynamics and trends across…