Sonobuoy Launcher Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Multiple Rotary Launch System and Single Launch System), Ejection Platform (Aircraft and Ships), and Geography
The sonobuoy launcher market was valued US$ 169.79 million in 2019 and is expected to reach US$ 261.93 million by 2027; it is estimated to grow at a CAGR of 5.5% during 2020–2027.
Technologies act as the most important shield to protect nations from potential threats such as maritime threats. Antisubmarine warfare are used by naval forces to combat underwater threats. They leverage the underwater acoustic surveillance technology with aircraft carriers and patrol vessels to carry out critical maritime operations. Therefore, the growing adoption of underwater acoustic surveillance systems is supporting the growth of the sonobuoy launcher market. The development of sonobuoy launchers for UAVs is a major business opportunity for the market players. However, the long lifespan of sonobuoy launchers and availability of other submarine detection technologies hinder the growth of the sonobuoy launcher market.
Due to remarkable rise in submarine warfare, countries are focusing more on adopting maritime patrol vessels, thus increasing the use of sonobuoy in antisubmarine warfare. This would directly trigger the adoption of sonobuoy launchers as well. Moreover, the rising defense budgets in the emerging countries for developing advanced technologies to ensure nationals security is another factor supporting the growth of the sonobuoy launcher market. Further, the integration of the combat management systems and sonobuoy launchers for improving anti-submarine warfare capabilities would benefit the sonobuoy launcher manufacturers worldwide.
Impact of COVID-19 Pandemic on Sonobuoy Launcher Market
The defense manufacturing industry is heavily dependent on the availability of manpower. Owing to lockdowns imposed by most countries in the world, to control the spread of COVID–19, the defense equipment manufacturing industry is experiencing shortage of labors in several manufacturing facilities. However, several countries such India and Thailand have announced reduced defense expenditure due to the impact of the pandemic on their respective economies; a majority of governments are rather focusing on investing in the measures to contain the spread of the virus. This factor is also anticipated lower the production of various defense equipment, including sonobuoy launchers, in late 2020.
Lucrative Regional Sonobuoy Launcher Market
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Market Insights–Sonobuoy Launcher Market
Focus on Anti-Submarine Warfare Stimulating Market Growth
Warfare has drastically changed over the years, and it modernization continues every year. Naval warfare, including both surface and underwater warfare, has significantly risen over the years. Naval forces worldwide are observing notable growth in submarine warfare, which creates high demand for antisubmarine warfare. To successfully conduct antisubmarine warfare (ASW), the adoption of maritime patrol aircraft (MPA) and patrol vessels, capable of launching sonobuoy, is growing substantially. Surge in newer orders for MPA and patrol vessels is generating greater demands for sonobuoy launchers.
Type-Based Insights–Sonobuoy Launcher Market
There is greater demand for sonobuoy launching dispensers for single-launch systems; however, with the emergence of its counterpart, the adoption of the former type is decreasing every year. Nonetheless, several platforms still use single launch systems, which is driving the growth of the market this segment.
Sonobuoy Launcher Market, by Type– 2019 and 2027
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Ejection Platform-Based Insights–Sonobuoy Launcher Market
The maritime patrolling activities have been on focus in recent times among the naval forces; this is mainly attributed to the rise in the submarine or underwater warfare. Several naval forces are leveraging sonobuoy systems to combat the incoming threat from submarines. These systems are ejected from either maritime patrol aircraft or patrol boats, which needs sonobuoy launchers installed on these vehicles.
Strategic Insights
The sonobuoy launcher market players focus on product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2019, SEA CORP was awarded a five-year follow-on contract supporting Navy Strike Systems. As per the contract, which was worth US$ 70 million, the company will provide engineering services, technical services, and materials to the Undersea Warfare (USW) Combat Systems Department of the Naval Undersea Warfare Center in Newport.
- In 2019, Ultra Electronics Command & Sonar Systems became 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.
Sonobuoy Launcher Market – By Type
- Multiple Rotary Launch System
- Single Launch System Deadbolts
Sonobuoy Launcher Market – By Ejection Platform
- Aircraft
- Ships
Sonobuoy launcher Market – Companies Profiles
- Alkan
- Geospectrum Technologies Inc.
- L3Harries
- Aurora Flight Sciences
- JSK Naval Support Inc.
- Marshall Aerospace and Defence Group
- MES S.P.A.
- Systems Engineering Associates Corporation
- SAES
- Ultra Electronics
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Frequently Asked Questions
The North American region led the sonobuoy launcher market and is expected to continue to dominate the market throughout the forecast period. Factors such as imprints of leading sonobuoy dispenser companies such as L3Harris Technologies, JSK Naval Support, Boeing, Sonobuoy TechSystems in the countries; increasing demand to combat underwater maritime threats, are expected to trigger the growth of the sonobuoy launcher in the region. Additionally, in respect to security, enhancement in underwater acoustic surveillance technology is encouraging the naval forces of the region to invest a substantial amount in developing stated technology to combat the situation of rising underwater threats.
The modern warfare has drastically changed over the years and is continuing to modernize year on year. Over the past few years, naval warfare has significantly risen showcasing naval surface warfare and underwater warfare. The naval forces across the globe are observing notable growth in submarine warfare, owing to which the demand for anti-submarine warfare is considerably rising. In order to successfully conduct anti-submarine warfare (ASW), adoption of maritime patrol aircraft (MPA) and patrol vessels capable of launching sonobuoys is growing substantially. The growth in newer orders for MPA and patrol vessels is generating demands for sonobuoy launchers, which is throttling the sonobuoy launcher market.
The sonobuoy launcher market is bifurcated on the basis of types of launching containers, namely; multiple rotary launch systems and single launch system. The sonobuoy launcher market is dominated by the multiple rotary launch system segment and is foreseen to continue its dominance throughout the forecast period. The supremacy of multiple rotary launch system over its counterpart is due to the capability of dispensing multiple sonobuoys at a time. Additionally, the interest among the end users and maritime patrol aircraft OEM and patrol boat OEMs is high towards multiple rotary launch system. This factor is also a vital booster for the growth of the segment.