Sonobuoy is a portable SONAR system (SOund NAvigation and Ranging). When a Sonobuoy is dropped from an aircraft or ship, it aids in detection of submarines and conducting underwater research. Thus, it relies on sound waves to detect/locate objects in a particular region.

Sonobuoy Market – Competitive Landscape

The Sonobuoy market is dominated by leading players that have presence and operations across the world. These players are focusing on acquisitions and new product launches to stay ahead of the competition.

  • In May 2019, Harris Corp showcased its pylon-mounted Sonobuoy dispenser model at the International Maritime Defense Exhibition & Conference (IMDEX) 2019
  • In October 2018, Thales Group announced that it is working on a new Sonobuoy system called the Sono-Flash that combines both active and passive modes in a single buoy.
  • In 2018, the US Navy awarded US$39.6 Mn to ERAPSCO, an Ultra Electronics Holdings and Sparton Corporation joint venture for Sonobuoy manufacturing for the US Navy.

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Sparton Corporation

Founded in 1919, Sparton Corporation develops and manufactures Sonobuoy. Apart from that, the company is also involved in design and manufacture of variety of electronic and electromechanical products and assemblies.

Thales Group

Established in 1921, Thales S.A. provides solutions for customers in the space, defense, aeronautics, security, and ground transportation markets worldwide. In 2018, the company launched advanced multistatic SONAR disclosed the development of a new combined active/passive sonobuoy intended to meet the French Navy's anti-submarine warfare (ASW) needs.

Ultra Electronics Group

Founded in 1993, the company is an electrical and electronics engineering company that offers various products and solutions in the aerospace and defense, energy, transport, and security markets. The company provides Sonobuoys of various types and sizes including miniature Sonobuoys designed for unmanned aerial vehicles.

Radixon Group

Established in 2000, Radixon Group is headquartered in Australia and manufactures satellite and broadcast network equipment worldwide. The company offers Sonobuoy receivers appropriate for airborne and seaborne deployment, in both military and civilian applications.

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Sonobuoy Market – Dynamics

Increase in Defense Expenditure on Sonar Systems

According to Defense News, Pentagon wants to buy 204,000 Sonobuoy in its fiscal 2020 budget request i.e. a 50% spending increase over 2018. In March 2019, Donald Trump signed a Presidential Determination that gave the Department the authority to withstand and multiply the domestic production of AN/SSQ series Sonobuoy under the Defense Production Act (DPA) Title III. Furthermore, Britain’s Ministry of Defense has also boosted the spending on cyber and anti-submarine warfare.

Sonobuoy Market – Segmentation

On the basis of deployment, the Sonobuoy market can be divided into:

  • Spring
  • Pneumatic
  • Free-fall
  • Cartridge

On the basis of range, the Sonobuoy market can be classified into:

  • Short Range
  • Long Range

On the basis of function, the Sonobuoy market can be segregated into:

  • Active
  • Passive
  • Special Purpose

On the basis of application, the Sonobuoy market can be segregated into:

  • Commercial
  • Defense

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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