Sonobuoy Market Global Size
Sonobuoys are manufactured in sizes A and B. Size A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have dimensions of 6.875” x 60”.
Sonobuoys are manufactured in sizes A and B. Size A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have dimensions of 6.875” x 60”.
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<strong>Global</strong> <strong>Market</strong> Study on <strong>Sonobuoy</strong>: Passive<br />
Sonobouy Segment to Remain Its Dominance<br />
Through 2024
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
Report Media Releases<br />
<strong>Global</strong> <strong>Sonobuoy</strong> <strong>Market</strong> Anticipated to Grow to US$ 844.9<br />
Mn by 2024; Detection & Tracking Segment Expected to<br />
Register the Highest CAGR between 2016 and 2024<br />
In a new report titled “<strong>Sonobuoy</strong> <strong>Market</strong>: <strong>Global</strong> Industry Analysis and Forecast 2016 –<br />
2024”, Persistence <strong>Market</strong> Research analyzes the performance of the global sonobuoy<br />
market over an eight-year period and provides insights on the key factors and trends likely to<br />
influence the market during the forecast period (2016 – 2024). The global sonobuoy market is<br />
anticipated to grow from US$ 518.4 Mn in 2016 to US$ 844.9 Mn by 2024, expanding at a CAGR<br />
of 6.3% in terms of revenue during the forecast period (2016-2024). In this report, the global<br />
sonobuoy market is tracked in terms of value and is calibrated to obtain market revenue<br />
estimates.<br />
<strong>Sonobuoy</strong>s are acoustic sensors built on the principle of Sound Navigation and Ranging<br />
(SONAR) system, for detecting the presence of submarines, sunken ships, oil and gas deposits,<br />
etc. They are carried in a <strong>Sonobuoy</strong> Launch Container (SLC) in ships and aircraft for pneumatic<br />
or free-fall launch. They are built with hydrophones or transducers for converting sound signal to<br />
an electrical signal and transmitting it to the patrolling aircraft or ship. On the basis of operation,<br />
they are classified into passive and active sonobuoys. <strong>Sonobuoy</strong>s are manufactured in sizes A<br />
and B. <strong>Size</strong> A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have<br />
dimensions of 6.875” x 60”.<br />
Download Sample Report @ http://www.persistencemarketresearch.com/samples/8119<br />
Increasing need amongst emerging economies to strengthen their anti-submarine operations<br />
and to monitor their natural resources are major factors driving the growth of the global<br />
sonobuoy market. Demand for sonobuoys is strongly associated with the growth of antisubmarine<br />
warfare market. Moreover, demand for passive sonobuoys is expected to increase<br />
because of the fact that it performs detection and tracking without notifying the target object<br />
about its presence, and this is expected to reflect in the revenue forecast.<br />
<strong>Global</strong> <strong>Sonobuoy</strong> <strong>Market</strong> 2016-2024
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
However, stringent regulations, high costs associated with deployment and monitoring of<br />
sonobuoys, technical limitations, etc. are major challenges expected to be faced by market<br />
players in the global sonobuoy market during the forecast period.<br />
To understand and assess the demand and opportunities in this market, the report is<br />
categorically split into four major sections, namely market analysis – by type, by application, by<br />
size, and by region.<br />
The section – market analysis, by type, comprehensively analyzes the market on the basis of<br />
type and presents an in-depth analysis of the market in terms of value for 2016-2024. In 2015,<br />
the passive sonobuoy segment dominated the global sonobuoy market, followed by the active<br />
sonobuoy segment. The passive sonobuoy segment is anticipated to expand at the fastest<br />
CAGR of 6.5% over the forecast period in the global sonobuoy market in terms of revenue,<br />
followed by the active sonobuoy segment.<br />
The section – market analysis by application, analyzes the global sonobuoy market on the basis<br />
of application and the data is provided in terms of value for 2016-2024. The detection & tracking<br />
segment is expected to expand at the highest CAGR of 6.7% in terms of value during the<br />
forecast period. In terms of market share, detection & tracking segment accounted for a major<br />
percentage of the revenue share of the overall market in 2015 and is expected to dominate the<br />
global sonobuoy market throughout the forecast years, followed by safety & security segment.<br />
Download Report Table of Content, Figures, and Tables @<br />
http://www.persistencemarketresearch.com/market-research/sonobuoy-market/toc<br />
The section – market analysis by region, includes an in-depth country level analysis of all global<br />
regions namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa by<br />
type, application, size, and countries; and provides market data in terms of value for 2016-2024.<br />
In 2015, the market in North America region dominated the overall global sonobuoy market,<br />
followed by the market in the Europe region. The sonobuoy market in North America region is<br />
projected to register the highest CAGR over the forecast period, followed by Asia Pacific and<br />
Latin America regions respectively.<br />
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/sonobuoy-market.asp<br />
<strong>Global</strong> <strong>Sonobuoy</strong> <strong>Market</strong> 2016-2024
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
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<strong>Global</strong> <strong>Sonobuoy</strong> <strong>Market</strong> 2016-2024
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