Market Outlook:
Sonobuoys are detachable and portable buoys used in various marine applications of intelligence, surveillance, and reconnaissance (ISR), underwater research, maritime patrol, submarine detection, and others. These systems which are launched from aircraft or ships are known as sonobuoy launchers. The global sonobuoy launcher market report by Market Research Future (MRFR) has a compilation of various trends, statistics, and figures which speculate its enormous growth from 2018 to 2023 (forecast period).
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The global sonobuoy launcher market size can expand till 2023 due to increased defense expenditure of navies. Focus on international trade and maritime exploration is likely to buttress market growth. Rise in underwater exploration activities, demand for anti-submarine warfare, and inflated defense expenditure in developed countries are other market factors. It can exhibit a growth rate of 4% over the forecast period.
Echo sounding is used to detect the depth of the water bed and identifying composition of the elements within the water. This is vital in finding lost treasures and assisting underwater explorers. Government initiatives to scout sand domes for extraction of oil & gas from sea beds is likely to trigger immense market demand. The precise detection of enemy submarines and prevent looming threats will augur favorably for the market.
Bu the negative impact of sonobuoys on marine life can be detrimental to the market growth.
Segmentation Analysis:
The global sonobuoy launcher market is segmented by launch configuration, launch mode, and launch platform.
By launch configuration, it is segmented into single launch system and multiple rotary launch system. The multiple launch rotary system segment is expected to hold the largest market share till 2023. This can be attributed to new developments in the market. In 2017, the sonobuoy launcher by Harris Corporation can launch buoys every three seconds.
By launch mode, it is segmented into pneumatic and others. The pneumatic segment accounted for the largest market share due to its significant advantage over other ejection mechanisms and lowered maintenance expenses. ‘Others’ include mechanical ejectors, cartridge-activated devices (CAD), spring-loaded, and gravity release.
By launch platform, it is segmented into naval vessels and aircraft. The aircraft segment can be the most lucrative for the sonobuoy launcher market due to aircraft capable of launching multiple sonobuoys simultaneously. The naval vessels can also create significant growth to the market due to its capacity for carrying smaller ships and buoys. This can create opportunities for deployment of buoys for submarine detection, maritime patrol, and other activities.
Region Analysis:
Geographically, the global sonobuoy launcher market takes into consideration the regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is estimated to be the dominant region within the market till 2023 due to focus of defense departments in the U.S. and Canada to constantly upgrade their systems. The constant demand for buoys for underwater activities is expected to bolster market demand.
The APAC region is presumed to display the highest CAGR during the forecast period due to heavy demand for these naval vessels. Maritime disputes over territories between India and China are likely to boost market growth.
Competitive Landscape:
Harris Corporation (US), JSK Naval Support Inc. (Canada), Geospectrum Technologies Inc. (Canada), Alkan S.A. (France), and others are major players in the sonobuoy launcher market. Partnerships and acquisitions are major strategies employed by them to sustain their position in the market.
Industry News:
In 2019, Harris Corporation launched its new offering of sonobuoy dispenser systems. The product, Sonobuoy Dispenser System (SDS), contains the Modular Launch Tube (MLT), a station capable of launching A-size buoys or two F-size buoys. It has previously introduced launching stations for the Boeing P-8A maritime surveillance and anti-submarine aircraft.
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