Covid-19 Impact on Sonobuoy Market:As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Market OverviewThe global sonobuoy market is anticipated to witness considerable growth during forecast period. North America is projected to be prominent region for sonobuoy market due to presence of key manufacturers such as General Dynamics Corporation, Sparton, and Lockheed Martin Corporation. Europe held second-largest share of global sonobuoy market in 2010. Growing investments in the research to conduct the underwater acoustic surveillance in regions such as Asia-Pacific and Middle East are predictable to drive growth of global sonobuoy market in coming years. Furthermore, naval modernization programs are driving the market growth in the Asia-Pacific. The rising demand for submarines and increase in industrial applications of the sonobuoys are key drivers for growth of global sonobuoy market. Additionally, 2020, COVID 19 pandemic is further expected to create vital impact on the market.
Segment OverviewThe active sonobuoys segment is anticipated to command the major market share of global sonobuoy market, by type, during forecast period. Active sonobuoys produce soundwaves that redirect off objects in water. They are utlilized to identify quiet diesel submarines or the submarines in attack mode. Active sonobuoys are similarly used in the command activated sonobuoy systems and the DICASS (i.e. Directional Command Activated Sonobuoy Systems). The active segment accounted for the larger market share of over 60% in 2019, with market value of over USD 250.0 million.
Regional OverviewThe global market has been divided, by region, into Asia-Pacific, Europe, North America, the Middle East & Africa (MEA), and Latin America. In North America, a rise in investments in the environmental research by the 2035 is anticipated to create the opportunities for players in the market. Naval innovation efforts and building of naval capabilities, including use for submarine detection, are motivating market growth in the region.
Competitor overviewIn Dec 2018, Lockheed Martin signed contract with ERAPSCO, Inc. to supply and manufacture advanced sonobuoys to U.S. Navy.
In Oct 2018, the General Dynamics Corporation-Canada, subsidiary of the General Dynamics Corporation, signed contract to deliver significant anti-submarine warfare upgrade for Royal Canadian Navy product 12 Halifax-class frigates.
In Oct 2018, Thales Group launched sonobuoy called SonoFlash, which combines powerful emitter and high-performance and the low-frequency passive sensor.
In Aug 2018, Sparton signed contract with the Ultra Electronics Group to provide sonobuoys to U.S. Navy.
Key Players
- Radixon
- Ultra-Electronics Group
- Sparton
- General Dynamics Corporation
- Thales Group
- Lockheed Martin Corporation
- Sealandaire Technologies Inc.
- Lone Star Electronics Co.
- Sigma Pi-Power Sources Pvt. Ltd
Market SegmentationBy Type
By Application
- Safety and Security
- Detection and Tracking
- Oil & Gas
- Others
By Deployment
- Pneumatic
- Spring
- Free Fall
- Cartridge
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
