openPR Logo
Press release

Sonobuoy Market Worldwide Industry Analysis and New Market Opportunities Explored

12-14-2017 06:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Sonobuoy Market Worldwide Industry Analysis and New Market

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.

In a new report titled “Sonobuoy Market: Global Industry Analysis and Forecast 2016 – 2024”, Persistence Market Research analyzes the performance of the global sonobuoy market over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 – 2024). The global 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). In this report, the global sonobuoy 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, 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”.

Request Sample : https://www.persistencemarketresearch.com/samples/8119

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.

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.

Download TOC: https://www.persistencemarketresearch.com/toc/8119

The section – market analysis by region, includes an in-depth country level analysis of all global regions namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa by type, application, size, and countries; and provides market data in terms of value for 2016-2024. In 2015, the market in North America region dominated the overall global sonobuoy market, followed by the market in the Europe region. The sonobuoy market in North America region is projected to register the highest CAGR over the forecast period, followed by Asia Pacific and Latin America regions respectively.

Latest Report:

4 G Lte Devices Market

https://www.persistencemarketresearch.com/market-research/4g-lte-devices-market.asp

Electronics Locks Market

https://www.persistencemarketresearch.com/market-research/electronics-locks-market.asp

North America Ignition Interlock Devices Market

https://www.persistencemarketresearch.com/market-research/north-america-ignition-interlock-devices-market.asp

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.

305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com

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 Worldwide Industry Analysis and New Market Opportunities Explored here

News-ID: 859722 • Views: 419

More Releases from Persistence Market Research

The Silicone Sealants Market To Gloat Over Chemicals 4.0
Persistence Market Research conducted a study on the silicone sealants market for the historical period of 2014-2018 and forecast period of 2019-2029, which offers key inputs on the global silicone sealants market. The silicone sealants market is anticipated to register significant demand during the forecast period, due to growing investments in the construction industry, and the replacement of welding and mechanical fastening methods with adhesion. To remain 'ahead' of your competitors,
Stroke Rehabilitation is predicted to reach a market value of US$ 679.6 Mn by 20 …
Stroke Rehabilitation Market 2022 The global Stroke Rehabilitation Market is expected to witness a CAGR of 9.0% and reach US$ 679.6 Mn by the year 2032. With the way in which healthcare data gets accumulated these days (which could be inclusive of medical IoT solutions, DICOM files, and patient records), ultra-modern platforms like data fabrics are in the offing, so that distributed and structured data could be well-managed. This would be
Liposomes Market To Revolve Around Home-Based Care At A CAGR Of 7%
The global Liposomes Market is all set to witness a CAGR of 7% by the year 2030. With digitized communication channels making a beeline to the healthcare vertical, the advanced clinics are into virtual consultation mode, and this scenario is expected to continue even going forward. Regulatory approvals for this type of communication are on the way. Close to 70% of the public hospitals worldwide are being asked to adopt
Automotive Gaskets and Seals Market To Witness A Major Overhaul Between 2017-202 …
Automotive Gaskets and Seals Market: Introduction Gaskets and seals are the components used in vehicles to prevent fluid and gas leakage. They fill the gap between the automotive components thus ensuring no leakage. The seals prevent lubricants from escaping the bearings. The seal also avoids dust and other contaminants from entering the machinery. With the technological advancements, gaskets and seals offer an effective means to obtain better fuel economy and have

All 5 Releases


More Releases for Sonobuoy

Sonobuoy Market | Leading Key players: Sparton, Ultra Electronics, Thales
HTF MI recently broadcasted a new study in its database that highlights the in-depth market analysis with future prospects of Sonobuoy market. The study covers significant data which makes the research document a handy resource for managers, industry executives and other key people get ready-to-access and self analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. Some of the key players mentioned in
Sonobuoy Market Size will Observe Substantial Growth by 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. In a new report titled “Sonobuoy Market: Global Industry Analysis and Forecast 2016 – 2024”, Persistence Market Research analyzes the performance of the global sonobuoy
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
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.
Sonobuoy Market: Global Markets & Advanced Technologies
In a new report titled “Sonobuoy Market: Global Industry Analysis and Forecast 2016 – 2024”, Persistence Market Research analyzes the performance of the global sonobuoy market over an eight-year period and provides insights on the key factors and trends likely to influence the market during the forecast period (2016 – 2024). The global sonobuoy market is anticipated to grow from US$ 518.4 Mn in 2016 to US$ 844.9 Mn by
Sonobuoy Market Stood at US$ 844.9 Mn by 2024
Key players reported in this study on the global sonobuoy market include ERAPSCO, Radixon, and Thales Group, who have significantly increased their footprint in the global sonobuoy market over the years. In a new report titled “Sonobuoy Market: Global Industry Analysis and Forecast 2016 – 2024”, Persistence Market Research analyzes the performance of the global sonobuoy market over an eight-year period and provides insights on the key factors and trends likely