Market Overview:
The global sonar buoy market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for sonar buoys from the defense sector and rising awareness about the benefits of using sonar buoys among civil users. The active sonar buoy segment is expected to grow at a higher CAGR than the passive sonar buoy segment during the forecast period. This can be attributed to its ability to provide real-time information about underwater objects, which is essential for defense applications. The North America region is estimated to account for the largest share of the global sonar buoy market in 2018, followed by Europe and Asia Pacific.
Product Definition:
A sonar buoy is a type of float that is used to detect the presence and depth of objects underwater using sound waves. Sonar buoys are important for navigation, especially in shallow waters, as they can help boats avoid obstacles and stay on course.
Active Sonar Buoy:
Active sonar buoy is a device used in the marine industry for measuring water depth. It consists of an array of transducers which convert acoustic energy into electrical signals. The conversion process involves a probe which rides on the surface of the water and sends back information to a nearby ship or submarine about underwater topography.
Passive Sonar Buoy:
Passive sonar buoy is a device used to measure the depth of water. It consists of an acrylic cylinder filled with oil. As the passive sonar buoy is lowered into the water, it creates a sound wave which travels towards the surface and gets reflected back to our ears. The time taken for this trip depends on various factors such as temperature, salinity, and density of water etc., but generally takes around 1-5 seconds depending upon conditions.
Application Insights:
The defense segment dominated the global sonar buoy market in terms of revenue in 2017. The growth can be attributed to the increasing adoption of active and passive types of sonar by various governments for military purposes. For instance, China has been extensively using active and passive types of underwater robots for military purposes such as anti-piracy operations, undersea resource exploration etc. Moreover, Russia is also planning to deploy these systems in its waters which will further boost the demand over the forecast period.
Civil applications include hydrographic surveys, marine research activities etc. These applications require a continuous monitoring network that can provide data on a regular basis which contributes towards higher market share for civil application segmentation than other segments within this study region over the forecast period due to growing usage as an essential tool for maritime navigation and offshore oil & gas exploration activities across several industries such as energy & mining etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., Canada, and Mexico are among the most militarized countries across the globe. As a result, North America is expected to witness significant growth over the forecast period owing to increasing defense budget and border disputes between various countries such as Russia and NATO states such as Poland & Baltic States (Estonia, Lithuania).
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 due to rising tensions between China and India over their disputed region of Kashmir. In addition, China has been conducting military drills in its westernmost province Xinjiang for years which has led India's neighbor Myanmar (formerly known as Burma) into suspicion that China may use these exercises for launching cross border raids against ethnic minorities living along Myanmar-China border.
Growth Factors:
- Increasing demand for maritime security and safety
- Rising awareness about the benefits of sonar buoy systems
- Growing popularity of autonomous underwater vehicles (AUVs)
- Proliferation of ocean data management platforms and services
- Advances in sonar technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Sonar Buoy Market Research Report
By Type
Active Sonar Buoy, Passive Sonar Buoy
By Application
Defense, Civil
By Companies
Sparton, Ultra Electronics, Thales, Sparton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Sonar Buoy Market Report Segments:
The global Sonar Buoy market is segmented on the basis of:
Types
Active Sonar Buoy, Passive Sonar Buoy
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Civil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sparton
- Ultra Electronics
- Thales
- Sparton
Highlights of The Sonar Buoy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Sonar Buoy
- Passive Sonar Buoy
- By Application:
- Defense
- Civil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sonar Buoy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sonar Buoy is a free, open-source software for acoustic data acquisition and analysis. It can be used to measure sound pressure levels (SPL), underwater noise levels, and other acoustic properties in water or air.
Some of the key players operating in the sonar buoy market are Sparton, Ultra Electronics, Thales, Sparton.
The sonar buoy market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sonar Buoy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sonar Buoy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sonar Buoy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sonar Buoy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sonar Buoy Market Size & Forecast, 2020-2028
4.5.1 Sonar Buoy Market Size and Y-o-Y Growth
4.5.2 Sonar Buoy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Active Sonar Buoy
5.2.2 Passive Sonar Buoy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Defense
6.2.2 Civil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sonar Buoy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sonar Buoy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Active Sonar Buoy
9.6.2 Passive Sonar Buoy
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Defense
9.10.2 Civil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Active Sonar Buoy
10.6.2 Passive Sonar Buoy
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Defense
10.10.2 Civil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Active Sonar Buoy
11.6.2 Passive Sonar Buoy
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Defense
11.10.2 Civil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Active Sonar Buoy
12.6.2 Passive Sonar Buoy
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Defense
12.10.2 Civil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Active Sonar Buoy
13.6.2 Passive Sonar Buoy
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Defense
13.10.2 Civil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sonar Buoy Market: Competitive Dashboard
14.2 Global Sonar Buoy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sparton
14.3.2 Ultra Electronics
14.3.3 Thales
14.3.4 Sparton
