Sonobuoy Market
Sonobuoy Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Sonobuoy Market Size and Growth
The sonobuoy market is poised for growth due to increasing defense expenditures and advancements in maritime surveillance technology. As of 2023, the market size is estimated at approximately $1.2 billion, driven by rising demand for anti-submarine warfare capabilities and enhanced oceanographic data collection in military and commercial sectors.
Companies Covered
(Covid 19 Impact Covered)
◍ Sparton
◍ Ultra Electronics
◍ Thales
The sonobuoy market features key players like Sparton, Ultra Electronics, and Thales. These companies drive growth through innovation in detection technology, expanding product lines, and strategic partnerships. They enhance military capabilities and operational efficiency in acoustic surveillance.
Sales revenues:
- Sparton: ~$100 million
- Ultra Electronics: ~$1.5 billion
- Thales: ~$10 billion
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Market Segmentation
By Application
Defense
Civil
By Product
◍ Active Sonobuoy
Passive Sonobuoy ◍ Special Purpose Sonobuoy
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$ 429.98 Million
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