The sonobuoy launcher market size is projected to reach US$ 374.07 million by 2031 from US$ 253.93 million in 2023. The market is expected to register a CAGR of 5.0% during 2023–2031. Integration of sonobuoy launchers with combat management system is likely to remain a key trend in the market.
The naval forces across the globe are emphasizing anti-submarine warfare owing to rise in underwater threats. The usage of unmanned underwater vehicles (UUVs) are surging; however, sonobuoys are much more efficient in detecting and locating enemy submarines. The sonobuoys also have the benefit to be launched from maritime patrol aircraft, which reduces the risk of collateral damage. Pertaining to these factors, the demand for sonobuoys are increase, and in order to increase the strength of respective navy’s maritime patrolling wing with enhanced capabilities, the naval forces are procuring higher volumes of MPA fitted with sonobuoy launchers. Growing demand for sonobuoy launchers with limited number of players operating in the sonobuoy launcher market is showcasing higher bargaining power of buyers (aircraft manufacturer) in the current scenario. Nevertheless, the demand for the same is anticipated to drop to moderate level in the future with the rise in number of sonobuoy launcher market players.
The sonobuoy launcher market is highly consolidated with major fraction of the market is controlled and dominated by the well-established players. Moreover, the emergence of newer players is also limited in the sonobuoy launcher market. The existing suppliers in the sonobuoy launcher market is has a wide variety of customers; however, the technologies of the product are similar, which restricts the suppliers to bargain with respective customers. Thus, the bargaining power of suppliers in the sonobuoy market is moderate in the current scenario, nonetheless, the bargaining power is foreseen to rise in the coming years with on-going research and developments in the field of sonobuoy launchers.
The rising procurement of sonobuoys is one of the major factors supporting the deployment of sonobuoy launchers across different platforms. This is also supported by the rising number of procurement of military aircraft and patrol boats among the naval forces. Some of the major contracts for the procurement of sonobuoys are:
Such procurement of sonobuoys is pushing the adoption of sonobuoys launcher systems across different naval or military platforms across different countries worldwide.
The military aviation sector is emphasizing significantly on the unmanned aerial vehicle (UAV) segment. The easy operability, longer endurance, and the ability to transmit enormous data without involvement of human has been increasing the interest among the defense forces. The UAV have proven to be successful in any mission, and pertaining to this, the UAVs are now being used for maritime patrolling. The use of UAVs for maritime patrolling is generating substantial demand for integrating the UAVs with sonobuoy launching capability, owing to which several companies are developing technologies to commercialize the sonobuoy launching capability on UAVs. This is expected to catalyze the sonobuoy launcher market during the forecast period.
Key segments that contributed to the derivation of the sonobuoy launcher market analysis are type and ejection platform.
The geographic scope of the sonobuoy launcher market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is likely to witness highest CAGR in the coming years. China accounted for the largest market share in Asia Pacific sonobuoy launcher market. China inaugurates several technologies to detect, track, locate, and destroy land borne, airborne, underwater, and naval borne threats. For this, the country benefits from sonar systems for anti-submarine warfare applications that will help in the penetration of sonobuoy and launching system to grow. With respect to companies for sonobuoy launching in China, the country design and manufactures Y-8 MPA that ejects sonobuoy. Moreover, the country has 220 patrol vessels and two aircraft carriers that are anticipated to support the deployment of sonobuoy for managing maritime operations.
The regional trends and factors influencing the Sonobuoy Launcher Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Sonobuoy Launcher Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 374.07 Million |
| Market Size by 2031 | US$ 253.93 Million |
| Global CAGR (2023 - 2031) | 5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Sonobuoy Launcher Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Sonobuoy Launcher Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The sonobuoy launcher market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the sonobuoy launcher market are listed below:
The “Sonobuoy Launcher Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
North America region dominated the sonobuoy launcher market in 2023.
Increasing procurement of sonobuoys; and increasing military budget across different countries are some of the factors driving the growth for sonobuoy launcher market.
The estimated value of the sonobuoy launcher market by 2031 would be around US$ 374.07 million.
Integration of sonobuoy launchers with combat management system is one of the major trends of the market.
Alkan, Geospectrum Technologies Inc, L3Harris Technologies Inc, Aurora Flight Sciences, JSK Naval Support Inc, Marshall Aerospace and Defence Group, MES SpA, Systems Engineering Associates Corporation, SAES, and Ultra Group are some of the key players profiled under the report.
The sonobuoy launcher market is likely to register of 5.0% during 2023-2031.