The global sonobuoy market size was estimated at USD 429.2 million in 2023 and is estimated to grow at a CAGR of 6.5% from 2024 to 2030. Increasing focus on maritime security, with nations worldwide aiming to enhance their undersea warfare capabilities is expected to boost the market growth in the long run.
Increasing demand for submarine products is likely to be driven by the rising geopolitical tensions in various maritime regions, leading to an increased deployment of submarines and other underwater assets that necessitate advanced detection technologies. Sonobuoys, being crucial for anti-submarine warfare (ASW) operations, have witnessed a growing traction in the defense sector, thus benefiting the market growth.
Advancements in sonar technology, which have significantly improved the efficiency and reliability of systems used in anti-submarine operations. With the integration of AI and machine learning, modern sonobuoys can now offer enhanced data analysis capabilities, providing more accurate and timely information. This technological evolution is anticipated to improve the operational effectiveness of sonobuoys but along with new applications in environmental monitoring and research.
Sonobuoy Market Report Highlights
- Active type products have key role in real-time data transmission during ASW operations. Active products emit sonar pulses to detect underwater objects and are necessary for tracking submarines and other underwater threats.
- In defense, sonobuoys play integral role in ASW operations by naval forces. Their ability to detect and track submarines is crucial for maintaining maritime security and protecting strategic interests.
- Rising focus on reinforcing maritime defense capabilities in countries such as U.S. and Canada is likely to drive the market growth. North American market benefits from substantial military budgets and a strong technological base, fostering the development and deployment of advanced marine products.
Global Sonobuoy Market Report Segmentation
This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global sonobuoy market report based on type, application, and region:
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Active
- Passive
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Defense
- Commercial
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- GCC
- South Africa
- North America
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