Sonobuoy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The sonobuoy market, a crucial segment within the defense and maritime research sectors, is witnessing significant growth. Sonobuoys, devices designed to record underwater sounds and transmit these signals to end-users, are pivotal for various applications such as tracking and detecting submarines, monitoring underwater volcanic activities, and estimating fish populations.With the market valued at $1.17 billion in 2024 and projected to reach $2.33 billion by 2031, it is expected to grow at a compound annual growth rate (CAGR) of 10.30%. The primary sectors utilizing sonobuoys are military and defense, as well as research institutions.

Sonobuoys are essential for recording underwater sounds to identify objects located beneath the water. This capability allows users to obtain necessary information, such as tracking enemy submarines or studying marine life and activities. The market is segmented into different regions and applications, each with unique influences and demands.

Market Influences

Defence Budgets and Anti-Submarine Warfare Technology

Sonobuoys are integral components of anti-submarine warfare (ASW) solutions used by naval and military forces globally. The primary customers for this technology are governments and military organizations. Factors influencing the purchase of sonobuoys include a country's defense budget, the marine area under its control, and potential threats from other nations. Although defense remains the primary sector investing in sonobuoys, other sectors like marine research and underwater infrastructure projects, such as data centers, also drive demand.

Recent strategic developments highlight the importance of sonobuoys in defense. For instance, Elbit America acquired Sparton, a major supplier of sonobuoys to the US Navy, enhancing its product offerings and presence among US customers. Similarly, Thales Group received an order from the French government for SonoFlash sonobuoys, underscoring the critical role of these devices in national security.

Regional Market Insights

United States

The US is a leading market for sonobuoys, driven by substantial defense expenditure. With a vast coastline, the US military heavily invests in sonobuoy deployment for safety and security, contributing to a significant market share. The presence of several large weapon manufacturers further strengthens the US market position.

India

In India, unstable relations with neighboring countries and border disputes drive the demand for sonobuoys. The country's extensive coastline and security concerns necessitate continuous deployment and replacement of sonobuoys for defense purposes. These factors contribute to a robust growth trajectory in the Indian market.

China

China, with one of the largest naval fleets globally, represents a significant market for sonobuoys. Disputes with neighboring countries and strategic maritime operations necessitate the use of sonobuoys for both defense and surveillance purposes. China's market for sonobuoys is expected to expand as the country continues to invest in its naval capabilities.

Category-wise Insights

Active Sonobuoys

Active sonobuoys, equipped with transducers to emit sound signals, are vital for detecting underwater movements and potentially jamming enemy submarine radar and signals. This functionality makes active sonobuoys a dominant segment within the market.

Detection and Tracking

The primary function of sonobuoys is the detection and tracking of underwater objects. This capability is crucial across various domains, from defense to marine research. Consequently, detection and tracking applications maintain a significant market share.

Size A Sonobuoys

Size A sonobuoys are preferred due to their optimal size for individual handling and large-scale deployment. Their ease of transport and deployment makes them a popular choice, maintaining dominance in the market.

Competitive Analysis

The sonobuoy market is characterized by key players who primarily serve defense forces and governments. These relationships are often long-term, with orders requiring years to fulfill and involving large quantities of sonobuoys. Geopolitical instability can influence business operations for sonobuoy manufacturers.

Recent transactions underscore the market's dynamics. The US Navy's order of 126,000 sonobuoys from ERAPSCO for replenishing anti-submarine warfare equipment highlights the ongoing demand. Additionally, the development of new sonobuoys to counter advanced submarine technologies reflects the market's evolving nature.

Key Companies Profiled

• ERAPSCO
• Radixon
• Thales Group
• Sealandaire Technologies, Inc.
• General Dynamics Corporation
• Lockheed Martin Corporation
• Ultra Electronics Group
• Sparton Corporation
• Aselsan

Key Segments of Sonobuoy Market Industry Research

By Type:

• Passive
• Active

By Application:

• Detection & Tracking
• Safety & Security
• Oil & Gas
• Others

By Size:

• Size A
• Size B
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

This product will be delivered within 1-3 business days.