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
Market Size Value in US$ 169.79 Million in 2019 Market Size Value by US$ 261.93 Million by 2027 Growth rate CAGR of 5.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Sonobuoy Launcher Market: Strategic Insights
Market Size Value in | US$ 169.79 Million in 2019 |
Market Size Value by | US$ 261.93 Million by 2027 |
Growth rate | CAGR of 5.5% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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Speak to AnalystSonobuoy 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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Ejection Platform , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, China, France, Germany, India, Japan, MEA, Russian Federation, SAM, South Korea, United Kingdom, United States
Frequently Asked Questions
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.
- Alkan
- Geospectrum Technologies Inc.
- L3Harris Technologies Inc.
- Aurora Flight Science
- JSK Naval Support Inc.
- Marshall Aerospace and Defence Group
- MES S.p.A
- Systems Engineering Associates Corporation (SEA Corp)
- SAES
- Ultra Command & Sonar Systems (Ultra Electronics Group)
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.
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