Underwater Expendables Market Size 2021-2031 | Drivers
The Underwater Expendables Market is expected to register a CAGR of 7.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (Sonobuoy, Acoustic Countermeasures). The report further presents analysis based on the Platform Type (Defense, Commercial). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Underwater Expendables Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Underwater Expendables Market Segmentation
Product Type- Sonobuoy
- Acoustic Countermeasures
- Defense
- Commercial
Strategic Insights
Underwater Expendables Market Growth Drivers- Increased Military and Defense Expenditure: Developments in underwater expendables can be motivated by increasing military and defense expenditure. Several countries are investing heavily in the development of warfare capabilities in water and associated systems, which will be deployed underwater, including sonobuoys and torpedoes. It is done to strengthen maritime security and counter underwater conditions.
- Demand for Advanced Undersea Surveillance: The need for advanced undersea surveillance is also another significant driver in this regard. More than ever before, rising maritime activities require increased emphasis on undersea environment monitoring for security, environmental, and research purposes, which creates demand for advanced, sophisticated underwater expendables providing real-time data in improving situational awareness.
- Technological Innovation: Growth in the underwater expendables market has enough scope through technological innovation. Advancements in material, sensor technologies, and autonomous systems will lead to designing more efficient and effective underwater expendables. Next-generation product formation by investing in research and development by the companies will help take market share opportunities.
- Business Growth in Developing Countries: The developing countries can present a huge opportunity for the underwater expendables market. Asia-Pacific, the Middle East, and Africa increasingly have set sights on developing naval capabilities. It might unlock opportunities for vendors that provide tailored solutions with the capability to defend and cater to the needs of their local defense and demands.
- Integration of Autonomous Systems: Autonomous systems are one of the latest trends in the underwater expendables market: unmanned underwater vehicles and autonomous sensors are increasingly being applied to enhance operational capabilities and to minimize risk to personnel. This trend shapes underwater mission scenarios and thereby increases demand for compatible expendables.
- Environmental Sustainability Focus: The development of expendables for underwater applications has increasingly focused on environmental sustainability. Manufacturers realize the resultant ecological impact of their products and seek to produce solutions that cause minimal ecological disruption. Focus on environmental sustainability is fast turning into a differentiator and an attractive advantage among defense organisations and governments to be environmentally responsible.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Underwater Expendables Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Underwater Expendables Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Underwater Expendables Market include Ultra Electronics Holdings plc, Sparton Corporation, Thales Group, Lockheed Martin Corporation, Naval Group, Rafael Advanced Defense Systems Ltd, Leonardo S.p.A., ATLAS ELEKTRONIK GmbH, L3Harris Technologies, Inc, General Dynamics Corporation
Integration of Autonomous Systems and Environmental Sustainability Focus are the key future trends of the Underwater Expendables Market
The Underwater Expendables Market is estimated to witness a CAGR of 7.2% from 2023 to 2031
The major factors driving the Underwater Expendables Market are: Increased Military & Defense Expenditure and Demand for Advanced Undersea Surveillance
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Underwater Expendables Market - By Product Type
1.3.2Underwater Expendables Market - By Platform Type
1.3.3Underwater Expendables Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.UNDERWATER EXPENDABLES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTERâ™S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.UNDERWATER EXPENDABLES MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.UNDERWATER EXPENDABLES MARKET - GLOBAL MARKET ANALYSIS
6.1.UNDERWATER EXPENDABLES - GLOBAL MARKET OVERVIEW
6.2.UNDERWATER EXPENDABLES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.UNDERWATER EXPENDABLES MARKET - REVENUE AND FORECASTS TO 2028 â" PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.SONOBUOY
7.3.1.Overview
7.3.2.Sonobuoy Market Forecast and Analysis
7.4.ACOUSTIC COUNTERMEASURES
7.4.1.Overview
7.4.2.Acoustic Countermeasures Market Forecast and Analysis
8.UNDERWATER EXPENDABLES MARKET - REVENUE AND FORECASTS TO 2028 â" PLATFORM TYPE
8.1.OVERVIEW
8.2.PLATFORM TYPE MARKET FORECASTS AND ANALYSIS
8.3.DEFENSE
8.3.1.Overview
8.3.2.Defense Market Forecast and Analysis
8.4.COMMERCIAL
8.4.1.Overview
8.4.2.Commercial Market Forecast and Analysis
9.UNDERWATER EXPENDABLES MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Underwater Expendables Market Overview
9.1.2North America Underwater Expendables Market Forecasts and Analysis
9.1.3North America Underwater Expendables Market Forecasts and Analysis - By Product Type
9.1.4North America Underwater Expendables Market Forecasts and Analysis - By Platform Type
9.1.5North America Underwater Expendables Market Forecasts and Analysis - By Countries
9.1.5.1United States Underwater Expendables Market
9.1.5.1.1United States Underwater Expendables Market by Product Type
9.1.5.1.2United States Underwater Expendables Market by Platform Type
9.1.5.2Canada Underwater Expendables Market
9.1.5.2.1Canada Underwater Expendables Market by Product Type
9.1.5.2.2Canada Underwater Expendables Market by Platform Type
9.1.5.3Mexico Underwater Expendables Market
9.1.5.3.1Mexico Underwater Expendables Market by Product Type
9.1.5.3.2Mexico Underwater Expendables Market by Platform Type
9.2.EUROPE
9.2.1Europe Underwater Expendables Market Overview
9.2.2Europe Underwater Expendables Market Forecasts and Analysis
9.2.3Europe Underwater Expendables Market Forecasts and Analysis - By Product Type
9.2.4Europe Underwater Expendables Market Forecasts and Analysis - By Platform Type
9.2.5Europe Underwater Expendables Market Forecasts and Analysis - By Countries
9.2.5.1Germany Underwater Expendables Market
9.2.5.1.1Germany Underwater Expendables Market by Product Type
9.2.5.1.2Germany Underwater Expendables Market by Platform Type
9.2.5.2France Underwater Expendables Market
9.2.5.2.1France Underwater Expendables Market by Product Type
9.2.5.2.2France Underwater Expendables Market by Platform Type
9.2.5.3Italy Underwater Expendables Market
9.2.5.3.1Italy Underwater Expendables Market by Product Type
9.2.5.3.2Italy Underwater Expendables Market by Platform Type
9.2.5.4United Kingdom Underwater Expendables Market
9.2.5.4.1United Kingdom Underwater Expendables Market by Product Type
9.2.5.4.2United Kingdom Underwater Expendables Market by Platform Type
9.2.5.5Russia Underwater Expendables Market
9.2.5.5.1Russia Underwater Expendables Market by Product Type
9.2.5.5.2Russia Underwater Expendables Market by Platform Type
9.2.5.6Rest of Europe Underwater Expendables Market
9.2.5.6.1Rest of Europe Underwater Expendables Market by Product Type
9.2.5.6.2Rest of Europe Underwater Expendables Market by Platform Type
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Underwater Expendables Market Overview
9.3.2Asia-Pacific Underwater Expendables Market Forecasts and Analysis
9.3.3Asia-Pacific Underwater Expendables Market Forecasts and Analysis - By Product Type
9.3.4Asia-Pacific Underwater Expendables Market Forecasts and Analysis - By Platform Type
9.3.5Asia-Pacific Underwater Expendables Market Forecasts and Analysis - By Countries
9.3.5.1Australia Underwater Expendables Market
9.3.5.1.1Australia Underwater Expendables Market by Product Type
9.3.5.1.2Australia Underwater Expendables Market by Platform Type
9.3.5.2China Underwater Expendables Market
9.3.5.2.1China Underwater Expendables Market by Product Type
9.3.5.2.2China Underwater Expendables Market by Platform Type
9.3.5.3India Underwater Expendables Market
9.3.5.3.1India Underwater Expendables Market by Product Type
9.3.5.3.2India Underwater Expendables Market by Platform Type
9.3.5.4Japan Underwater Expendables Market
9.3.5.4.1Japan Underwater Expendables Market by Product Type
9.3.5.4.2Japan Underwater Expendables Market by Platform Type
9.3.5.5South Korea Underwater Expendables Market
9.3.5.5.1South Korea Underwater Expendables Market by Product Type
9.3.5.5.2South Korea Underwater Expendables Market by Platform Type
9.3.5.6Rest of Asia-Pacific Underwater Expendables Market
9.3.5.6.1Rest of Asia-Pacific Underwater Expendables Market by Product Type
9.3.5.6.2Rest of Asia-Pacific Underwater Expendables Market by Platform Type
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Underwater Expendables Market Overview
9.4.2Middle East and Africa Underwater Expendables Market Forecasts and Analysis
9.4.3Middle East and Africa Underwater Expendables Market Forecasts and Analysis - By Product Type
9.4.4Middle East and Africa Underwater Expendables Market Forecasts and Analysis - By Platform Type
9.4.5Middle East and Africa Underwater Expendables Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Underwater Expendables Market
9.4.5.1.1South Africa Underwater Expendables Market by Product Type
9.4.5.1.2South Africa Underwater Expendables Market by Platform Type
9.4.5.2Saudi Arabia Underwater Expendables Market
9.4.5.2.1Saudi Arabia Underwater Expendables Market by Product Type
9.4.5.2.2Saudi Arabia Underwater Expendables Market by Platform Type
9.4.5.3U.A.E Underwater Expendables Market
9.4.5.3.1U.A.E Underwater Expendables Market by Product Type
9.4.5.3.2U.A.E Underwater Expendables Market by Platform Type
9.4.5.4Rest of Middle East and Africa Underwater Expendables Market
9.4.5.4.1Rest of Middle East and Africa Underwater Expendables Market by Product Type
9.4.5.4.2Rest of Middle East and Africa Underwater Expendables Market by Platform Type
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Underwater Expendables Market Overview
9.5.2South and Central America Underwater Expendables Market Forecasts and Analysis
9.5.3South and Central America Underwater Expendables Market Forecasts and Analysis - By Product Type
9.5.4South and Central America Underwater Expendables Market Forecasts and Analysis - By Platform Type
9.5.5South and Central America Underwater Expendables Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Underwater Expendables Market
9.5.5.1.1Brazil Underwater Expendables Market by Product Type
9.5.5.1.2Brazil Underwater Expendables Market by Platform Type
9.5.5.2Argentina Underwater Expendables Market
9.5.5.2.1Argentina Underwater Expendables Market by Product Type
9.5.5.2.2Argentina Underwater Expendables Market by Platform Type
9.5.5.3Rest of South and Central America Underwater Expendables Market
9.5.5.3.1Rest of South and Central America Underwater Expendables Market by Product Type
9.5.5.3.2Rest of South and Central America Underwater Expendables Market by Platform Type
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.UNDERWATER EXPENDABLES MARKET, KEY COMPANY PROFILES
11.1.ULTRA ELECTRONICS HOLDINGS PLC
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.SPARTON CORPORATION
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.THALES GROUP
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.LOCKHEED MARTIN CORPORATION
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.NAVAL GROUP
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.RAFAEL ADVANCED DEFENSE SYSTEMS LTD
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.LEONARDO S.P.A.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.ATLAS ELEKTRONIK GMBH
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.L3HARRIS TECHNOLOGIES, INC
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.GENERAL DYNAMICS CORPORATION
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Ultra Electronics Holdings plc
2. Sparton Corporation
3. Thales Group
4. Lockheed Martin Corporation
5. Naval Group
6. Rafael Advanced Defense Systems Ltd
7. Leonardo S.p.A.
8. ATLAS ELEKTRONIK GmbH
9. L3Harris Technologies, Inc
10. General Dynamics Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For