The
sonobuoy market and it is poised to grow by USD 178.29
million during 2020-2024, progressing at a CAGR of over 7% during the forecast
period. The report offers an up-to-date analysis regarding the current market
scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic,
probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
The market is concentrated, and the degree of concentration will
accelerate during the forecast period. ALCEN, General Dynamics Corp., RADIXON
Group Pty. Ltd., Rostec State Corp., SeaLandAire Technologies Inc., Sociedad
Anonima de Electronica Submarina, Sparton Corp., Tata Power SED, Thales Group,
and Ultra Electronics Holdings Plc. are some of the major market participants.
The demand for strengthening ASW capabilities will offer immense growth
opportunities. To make the most of the opportunities, market vendors should
focus more on the growth prospects in the fast-growing segments, while
maintaining their positions in the slow-growing segments.
Demand for strengthening ASW capabilities has been instrumental
in driving the growth of the market.
Sonobuoy Market 2020-2024: Segmentation
Sonobuoy Market is segmented as below:
·
End user
o Defense
o Commercial
o Special
Purpose
·
Geography
o North
America
o APAC
o Europe
o South
America
o MEA
Sonobuoy Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of
study, synthesis, and summation of data from multiple sources. Our sonobuoy market report covers the
following areas:
·
Sonobuoy Market Size
·
Sonobuoy Market Trends
·
Sonobuoy Market Industry Analysis
This study identifies the increase in the number of submarines
as one of the prime reasons driving the sonobuoy market growth during the next
few years.
Sonobuoy Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the sonobuoy
market, including some of the vendors such as ALCEN, General Dynamics Corp.,
RADIXON Group Pty. Ltd., Rostec State Corp., SeaLandAire Technologies Inc.,
Sociedad Anonima de Electronica Submarina, Sparton Corp., Tata Power SED,
Thales Group, and Ultra Electronics Holdings Plc. Backed with competitive
intelligence and benchmarking, our research reports on the sonobuoy market are
designed to provide entry support, customer profile and M&As as well as
go-to-market strategy support.
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