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 research report indicates a growing demand for antisubmarine warfare systems, with an expected market size of $800 million by 2025. Rising maritime security threats and increasing defense budgets are key factors driving market growth. Technological advancements in sonobuoy systems are expected to further bolster market expansion.
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Companies Covered
(Covid 19 Impact Covered)
◍ Sparton
◍ Ultra Electronics
◍ Thales
The Sonobuoy Market is dominated by companies like Sparton, Ultra Electronics, and Thales. These companies offer a wide range of sonobuoy products and solutions for defense and commercial applications, contributing to the growth of the market. Sparton reported sales revenue of $ 409.43 million, Ultra Electronics reported sales revenue of $ 1.28 billion, and Thales reported sales revenue of $ 20.73 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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Market Growth
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