Sonobuoy Launcher Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

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.

Sonobuoy Launcher Market Analysis

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.

Sonobuoy Launcher Market Overview

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.

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Sonobuoy Launcher Market: Strategic Insights

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Sonobuoy Launcher Market Drivers and Opportunities

Increasing Procurement of Sonobuoys

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:

• In October 2022, the US Navy awarded a contract worth US$ 5.1 billion to Lockheed Martin, USSI, and Sparton Corporation for the production of sonobuoys.
• In October 2022, the US Navy awarded a Multiple Award Delivery Order Contract (MADOC) to Ultra Group for the supply of sonobuoys for the next five years.

Such procurement of sonobuoys is pushing the adoption of sonobuoys launcher systems across different naval or military platforms across different countries worldwide.

Development of Sonobuoy Launchers for UAVs

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.

Sonobuoy Launcher Market Report Segmentation Analysis

Key segments that contributed to the derivation of the sonobuoy launcher market analysis are type and ejection platform.

• Based on type, the sonobuoy launcher market is segmented into multiple rotary launch system and single launch system. The multiple rotary launch system segment held a larger market share in 2023.
• Based on ejection platform, the sonobuoy launcher market is segmented into aircraft and ships. The aircraft segment held a larger market share in 2023.

Sonobuoy Launcher Market Share Analysis by Geography

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.

Sonobuoy Launcher Market Regional Insights

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.

Sonobuoy Launcher Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Alkan
2. Geospectrum Technologies Inc.
3. L3Harris Technologies Inc.
4. Aurora Flight Science
5. JSK Naval Support Inc.
6. Marshall Aerospace and Defence Group

Disclaimer: The companies listed above are not ranked in any particular order.

Sonobuoy Launcher Market News and Recent Developments

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:

• Ultra Electronics Command & Sonar Systems has become the preferred bidder to the UK Ministry of Defence to provide the in-service support for its Surface Ship Torpedo Defence (SSTD) system for the next decade (Source: Ultra Electronics, Press Release, 2019)
• Marshall Advanced Composites has received an order worth £890,000 from Honeywell for sonobuoy launch carousel assembly units. The order was received from Honeywell in Yeovil, UK, at the end of May and will be delivered throughout 2021 and 2022. (Source: Marshall Aerospace, Press Release, 2020)

Sonobuoy Launcher Market Report Coverage and Deliverables

The “Sonobuoy Launcher Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Sonobuoy launcher market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Sonobuoy launcher market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed porter’s five forces analysis
• Sonobuoy launcher market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the sonobuoy launcher market
• Detailed company profiles