The Global Sonobuoy Market 2016-2020 is a new research report added to SandlerResearch.org. global naval forces are modernizing and upgrading the technologies and system for modern warfare capabilities. One such advanced technology is lightweight sonobuoy dispenser system deployed by helicopters. It is also designed in vertical shape and is capable of carrying various types of sonobuoys (sized A, G, X, and F). Its expected dimensions are 650 x 1300 millimeter and 180 x 154 x 180 millimeter and weighs around less than 66 or six pounds, respectively.
Complete report on sonobuoy market spread across 54 pages, analyzing 5 major companies and provides 32 data exhibits is now available at http://www.sandlerresearch.org/global-sonobuoy-market-2016-2020.html
The analysts forecast the global sonobuoy market to grow at a CAGR of 6.58% during the period 2016-2020. According to the report, the market is expected to be driven by the procurement of anti-submarine warfare (ASW) systems by countries such China, the US, Vietnam, and Indonesia. They are effective in combat against indigenous nuclear attack submarines and anti-ship cruise missiles systems.
During 2015, the defense segment dominated the global sonobuoy market and accounted for a market share of more than 55% in terms of revenue. Factors such as the disputes between countries over boundaries such as the South China Sea have flared up tension between countries around China. Moreover, this has raised concerns among neighboring countries to expand their naval capabilities in their respective sea border, thereby aiding in the growth of the defense segment until the end of 2020. For instance, India has upgraded its naval fleets and warfare systems to counter the threat from China in the Indian Ocean.
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The Americas dominated the market in 2015 and is expected to hold more than 61% of the global market share by the end of 2020. The US Navy is the largest investor in the procurement of unmanned underwater vehicles, ASW systems, and acquisition of sonobuoys for marine mammal research. Moreover, the US also spends extensively on tracking hostile sonobuoy movement to counter unseen threats in the ocean. Therefore, the increasing demand from the US for research and defense-related purposes will fuel the growth prospects of this market in the Americas.
The global sonobuoy market is highly fragmented owing to the presence of well-diversified international and regional vendors. The competitive environment in this market is expected to increase in product extensions, technological innovations, and the number of contracts and mergers and acquisitions. Vendors are adopting strategies such as mergers and acquisitions, along with increased collaboration with alliance partners around the world for technical expertise and resources to develop innovative products.
Main players in the Global Sonobuoy Market are General Dynamics Mission Systems-Canada, RADIXON Group, Sparton, Thales Group, and Ultra Electronics. Other Prominent Vendors in the market are: SEALANDAIRE TECHNOLOGIES, Lone Star Electronics, and Sigma-Pi Power Sources.
Further, the report states that growing procurement and deployment of sonobuoys into sea waters have a significant impact on the environment and mammals. Noise from sonar systems disrupts marine mammal migration, nursing, and feeding.
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