Dublin, Sept. 29, 2020 (GLOBE NEWSWIRE) -- The "Global Sonobuoy Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The sonobuoy market is poised to grow by $ 178.29 million during 2020-2024 progressing at a CAGR of 7% during the forecast period.
The reports on sonobuoy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for strengthening ASW capabilities, increasing deployment of UAV/UUV, and increasing number of submarines. In addition, growing demand for strengthening ASW capabilities is anticipated to boost the growth of the market as well.
This study identifies the introduction of new software for communication as one of the prime reasons driving the sonobuoy market growth during the next few years. Also, miniature sonobuoys, and introduction of solid state bipolar battery for high power sonobuoy applications will lead to sizable demand in the market.
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sonobuoy market vendors that include ALCEN, General Dynamics Corp., RADIXON Group Pty. Ltd., Rostec State Corp., SeaLandAire Technologies Inc., Sociedad Anonima de Electronica Submarina, Sparton Corp., Tata Power SED, Thales Group, and Ultra Electronics Holdings Plc.
Also, the sonobuoy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End user
Comparison by End user
Defense - Market size and forecast 2019-2024
Commercial - Market size and forecast 2019-2024
Special purpose - Market size and forecast 2019-2024
Market opportunity by End user
Market Segmentation by Function
Comparison by Function
Passive - Market size and forecast 2019-2024
Active - Market size and forecast 2019-2024
Market opportunity by Function
Key leading countries
Market opportunity by geography
Volume driver - Demand led growth
Market positioning of vendors
General Dynamics Corp.
RADIXON Group Pty. Ltd.
Rostec State Corp.
SeaLandAire Technologies Inc.
Sociedad Anonima de Electronica Submarina
Tata Power SED
Ultra Electronics Holdings Plc
For more information about this report visit https://www.researchandmarkets.com/r/wdrmbr and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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