Sonobuoy Market to Account US$ 518.4 Mn in 2016 | Page 2

R e s e a r c h

Report Media Releases
Global Sonobuoy Market Anticipated to Grow to US$ 844.9
Mn by 2024; Detection & Tracking Segment Expected to
Register the Highest CAGR between 2016 and 2024
In a new report titled “Sonobuoy Market: Global Industry Analysis and Forecast 2016 –
2024”, Persistence Market Research analyzes the performance of the global sonobuoy

market over an eight-year period and provides insights on the key factors and trends likely to

M a r k e t

influence the market during the forecast period (2016 – 2024). The global sonobuoy market is
anticipated to grow from US$ 518.4 Mn in 2016 to US$ 844.9 Mn by 2024, expanding at a CAGR
of 6.3% in terms of revenue during the forecast period (2016-2024). In this report, the global
sonobuoy market is tracked in terms of value and is calibrated to obtain market revenue
estimates.
Sonobuoys are acoustic sensors built on the principle of Sound Navigation and Ranging
(SONAR) system, for detecting the presence of submarines, sunken ships, oil and gas deposits,
etc. They are carried in a Sonobuoy Launch Container (SLC) in ships and aircraft for pneumatic
or free-fall launch. They are built with hydrophones or transducers for converting sound signal to

P e r s i s t e n c e

an electrical signal and transmitting it to the patrolling aircraft or ship. On the basis of operation,
they are classified into passive and active sonobuoys. Sonobuoys are manufactured in sizes A
and B. Size A sonobuoys have dimensions of 4.75” x 36”, whereas size B sonobuoys have
dimensions of 6.875” x 60”.
Download Sample Report @ http://www.persistencemarketresearch.com/samples/8119
Increasing need amongst emerging economies to strengthen their anti-submarine operations
and to monitor their natural resources are major factors driving the growth of the global
sonobuoy market. Demand for sonobuoys is strongly associated with the growth of antisubmarine warfare market. Moreover, demand for passive sonobuoys is expected to increase
because of the fact that it performs detection and tracking without notifying the target object
about its presence, and this is expected to reflect in the revenue forecast.

Global Sonobuoy Market 2016-2024