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Sonobuoys Market, By Type (Active and Passive), By Application (Detection, Safety & Security, Oil & Gas and Others), By Size (Size A, Size B and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>
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SONOBUOY MARKET ANALYSIS Sonobuoys Market, By Type (Active and Passive), By Application (Detection, Safety & Security, Oil & Gas and Others), By Size (Size A, Size B and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
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.
Market Dynamics- Drivers • Growing deployment of sonobuoys to detect the presence of submarines is expected to drive growth of the global sonobuoy market during the forecast period • Increasing implementation for detection of oil & gas deposits is expected to propel the global sonobuoy market growth over the forecast period
Market Dynamics- Restraints: • Strict regulatory policies enforced regarding the use of sonobuoys is expected to restrain growth of the global sonobuoy market during the forecast period • Technical constraints regarding sonobuoys are expected to hinder the global sonobuoy market over the forecast period
Market Opportunities • Enhanced capabilities of radio transmitters, receivers, and acoustic sensing is expected to present lucrative growth opportunities • Increasing defense investment on sonar systems is expected to present major market opportunities in the near future
Market Trends • Use of passive sonobuoys with advanced sensing capabilities • Active sonobuoys with range and direction capabilities • Segment information: • In global sonobuoys market, by Type segment, the Detection, sub-segment dominated the global market in 2019, accounting for 53.7% share in terms of value, followed by safety and security, oil and gas and others respectively.
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