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Sonobuoy Market Size, Share,Trends, Innovations & Forecast by 2032
Sonobuoy Market Outlook
In the ever-evolving landscape of maritime security, anti-submarine warfare (ASW), and underwater surveillance, sonobuoys play a critical role. These compact, expendable acoustic sensors, deployed primarily by naval aircraft and helicopters, are essential in detecting underwater threats, such as submarines, and conducting oceanographic research. With escalating global maritime tensions and rapid technological advancements, the sonobuoy market is poised for substantial growth and transformation.
As of 2022, the global sonobuoy market is estimated to be valued at USD 0.66 billion and is expected to reach USD 1.2 billion by 2032, growing at a CAGR of 6.18% during the forecast period. This upward trend is driven by increased defense spending, rising naval conflicts, and a focus on expanding underwater surveillance capabilities.
Leading players such as Ultra Electronics, Sparton Corporation, Thales Group, and General Dynamics Mission Systems dominate the market, continuously investing in R&D and production scalability to meet both domestic and international demand.
Key Market Drivers
1. Rising Naval Modernization Programs