increasing defence expenditure is expected to drive the Sonobuoys Market
Sonobuoy Market was valued at USD 312.66 Billion in 2020 and is projected to reach USD 535.20 Billion by 2028, growing at a CAGR of 6.95% from 2021 to 2028.
Global Sonobuoy Market Definition
A sonobuoy is a sort of air-launched acoustic sensor system used for underwater acoustic research that is deployed from aeroplanes or ships. A SONAR portable device is referred to as a sonobuoy (SOund Navigation And Ranging). They'll be used for maritime time patrol and anti-submarine warfare operations. Passive, active, multi-static, bathythermograph, and DIFAR sonobuoy are among them. They are portable sonar systems that include a radio transmitter and hydrophones for delivering acoustic information to patrolling ships or planes via UHF/VHF radio.
Because of the growing threat of sophisticated, silent submarines, which are difficult to detect using standard ASW techniques, demand for the sonobuoy has skyrocketed. The market is divided into three categories: active, passive, and special purpose. The market is divided into four categories based on the installation: spring, pneumatic, free-fall, and cartridge. The m is determined by the application..
Global Sonobuoy Market Overview
Over the forecast years, the Sonobuoy Market is likely to be driven by increasing R&D activities and collaboration among major companies to develop a new range of anti-submarine warfare (ASW) and special purpose sonobuoy..In addition, expanding global oil and gas consumption, as well as government support and investment in the use of sonobuoy in oil and gas exploration activities, are expected to enhance the market in the next years. Furthermore, a surge in demand for UUVs, combined with increased investment activities aimed at improving the sonar system, is fueling market expansion.
There are a number of constraints and problems that could stymie market expansion. Market limitations are anticipated to be imposed by factors such as strict environmental rules and the impact of this system on marine life.
Significant growth in the maritime industry across the globe is one of the key factors creating a positive outlook of the market. Furthermore, the increasing adoption of sonobuoys to detect the presence of other submarines and monitor underwater seismic waves is also driving market growth. Sonobuoys also find extensive applications across the oil and gas industry wherein they are used for mapping the composition of the seabed layers to identify salt domes and oil deposits. This, along with various technological advancements, such as the utilisation of advanced sensing, range and direction capabilities, is acting as another growth-inducing factor. Active sonobuoys are incorporated with advanced radio transducers, receivers and acoustic sensing systems to enhance operational efficiency.
Other factors, including increasing defence expenditure and the growing adoption of unmanned underwater vehicles, are expected to drive the market further.
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