Market Overview:
The global underwater expendables market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for sonobuoys and acoustic countermeasures from the defense sector, and the growing demand for these products from the commercial sector. North America is expected to lead the global underwater expendables market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Underwater Expendables is an industry term for scuba diving equipment and supplies. The importance of underwater expendables lies in the fact that they allow people to explore the underwater world.
Sonobuoy:
sonobuoy is a device used to measure sound waves and it's an underwater Expendable which can be used by submarines or ships for detecting objects near the surface of water. It consists of a flexible rubber tube filled with liquid, and when sound waves pass through the liquid in the tube, changes occur in the shape of light that is emitted from its end. The longer and thinner this light beam is, higher will be its resolution; similarly if shorter & thicker it will beresolution.
Acoustic Countermeasures:
Acoustic countermeasures is a diversified term that covers various techniques and devices used to reduce or eliminate the harmful effects of noise generated by underwater vessels. The most widely used acoustic countermeasures are sound-making and sound-absorbing equipment.
The global acoustic countermeasures market size was valued at USD 1,849.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The defense segment dominated the global underwater Expendables market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to witness significant growth over the forecast period owing to increasing military expenditure as a result of various geopolitical conflicts across the world. For instance, according to SIPRI, military expenditure in Asia Pacific increased by USD 38 billion from 2010 to 2015 due to rise in tensions between China and Japan over disputed islands in East China Sea and South China Sea.
Commercial applications are anticipated to witness considerable growth during the forecast period owingto rising demand for advanced products that offer enhanced capabilityand performance at reduced costs compared with their land-basedcounterparts or even than other undersea systems currentlyin use globally.
Regional Analysis:
Asia Pacific dominated the global underwater Expendables Market in 2016 and is expected to continue its dominance over the forecast period. The regional market is characterized by increasing defense spending, which has resulted in increased production of sonobuoys. Moreover, rising terrorist threats have led to an increase in demand for these products across several Asian countries including India, Indonesia and Malaysia.
The Asia Pacific region was followed by North America with a share of 24%. The growth can be attributed to growing awareness among people about water safety and security issues coupled with government initiatives such as Underwater Security Program (USP) that focuses on providing a secure future for our children through maritime domain awareness programs. These factors are anticipated to drive product demand over the forecast period.
Growth Factors:
- Increasing demand for underwater expendables from the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for remotely operated vehicles (ROVs) and other underwater expendables from the defense sector due to increasing security concerns
- Growing popularity of recreational diving, which is driving the demand for scuba diving equipment, including underwater expendables
- Technological advancements in ROVs that are making them more efficient and affordable, thereby boosting their adoption across various industries
- Stringent safety norms governing the use of underwater expendables in various applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Underwater Expendables Market Research Report
By Type
Sonobuoy, Acoustic Countermeasures
By Application
Defense, Commercial
By Companies
Ultra Electronics Holdings PLC, Sparton Corporation, Thales Group, Lockheed Martin Corporation, Naval Group, Atlas Elektronik GmbH, L3 Technologies, Inc, Leonardo S.p.A, General Dynamics Corporation
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Underwater Expendables Market Report Segments:
The global Underwater Expendables market is segmented on the basis of:
Types
Sonobuoy, Acoustic Countermeasures
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, Commercial
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:
- Ultra Electronics Holdings PLC
- Sparton Corporation
- Thales Group
- Lockheed Martin Corporation
- Naval Group
- Atlas Elektronik GmbH
- L3 Technologies, Inc
- Leonardo S.p.A
- General Dynamics Corporation
Highlights of The Underwater Expendables 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:
- Sonobuoy
- Acoustic Countermeasures
- By Application:
- Defense
- Commercial
- 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 Underwater Expendables 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.
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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?
Underwater Expendables is a company that manufactures and sells expendable items for underwater use. These items include diving equipment, such as masks, snorkels, fins and tanks; and supplies such as air tanks, regulators and dive computers.
Some of the major companies in the underwater expendables market are Ultra Electronics Holdings PLC, Sparton Corporation, Thales Group, Lockheed Martin Corporation, Naval Group, Atlas Elektronik GmbH, L3 Technologies, Inc, Leonardo S.p.A, General Dynamics Corporation.
The underwater expendables 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 Underwater Expendables 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 Underwater Expendables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underwater Expendables 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 Underwater Expendables 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 Underwater Expendables Market Size & Forecast, 2020-2028
4.5.1 Underwater Expendables Market Size and Y-o-Y Growth
4.5.2 Underwater Expendables 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 Sonobuoy
5.2.2 Acoustic Countermeasures
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 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underwater Expendables 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 Underwater Expendables 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 Sonobuoy
9.6.2 Acoustic Countermeasures
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 Commercial
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 Sonobuoy
10.6.2 Acoustic Countermeasures
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 Commercial
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 Sonobuoy
11.6.2 Acoustic Countermeasures
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 Commercial
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 Sonobuoy
12.6.2 Acoustic Countermeasures
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 Commercial
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 Sonobuoy
13.6.2 Acoustic Countermeasures
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 Commercial
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 Underwater Expendables Market: Competitive Dashboard
14.2 Global Underwater Expendables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ultra Electronics Holdings PLC
14.3.2 Sparton Corporation
14.3.3 Thales Group
14.3.4 Lockheed Martin Corporation
14.3.5 Naval Group
14.3.6 Atlas Elektronik GmbH
14.3.7 L3 Technologies, Inc
14.3.8 Leonardo S.p.A
14.3.9 General Dynamics Corporation
