(MENAFN- PR Newswire) DUBLIN, Sept. 22, 2020 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
According to this report the market was valued at US$ 169.79 million in 2019 and is projected to reach US$ 261.93 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027. The report highlights the key factors driving the market growth, and prominent players and their developments in the market.
The procurement of maritime patrol aircraft integrated with sonobuoy and antisubmarine warfare technologies is at a constant rise. The increase in the need of marine patrol aircraft with these technologies is generating substantial demand for sonobuoy launchers among MPA manufacturers. Apart from fixed-wing aircraft, several rotary-wing aircraft or helicopters are also being adopted and inducted as maritime patrol aircraft integrated with sonobuoy launchers. Recently, the US Navy, South Korean Navy, and New Zealand Navy awarded a contract to Boeing to deliver 18 units of P8 Poseidon MPA integrated with sonobuoy launchers for respective naval surveillance. The rise in adoption of sonobuoy launcher in the aircraft is creating significant opportunities for sonobuoy launcher providers. The sonobuoy launcher market for aircraft segment is expected to reach US$ 134.14 million by 2022.
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, and Ultra Electronics are among the leading players operating in the market.
According to World Health Organization (WHO) report, the US, Spain, Italy, France, Germany, the UK, Turkey, Iran, China, and Russia are among the worst-affected countries due to COVID-19 outbreak. In the wake of strong lockdown regulations imposed by the majority of the countries in the world, the defense equipment manufacturing industry is facing issues with the availability of labors. Also, the outbreak of the virus has disrupted the supply chain and manufacturing of defense equipment. However, the defense industry is likely to recover from the impact of COVID-19 in short time compared to other industries. Various defense forces are awarding contracts for armored vehicles and other equipment manufacturers. The production of the launcher system would start at a slower pace in late 2020 and is anticipated to gain pace from 2021, which is further foreseen to be beneficial for the manufacturers of defense equipment such as sonobuoy launchers.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global sonobuoy launcher market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global sonobuoy launcher market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered: 1. Introduction 1.1 Study Scope1.2 Research Report Guidance1.3 Market Segmentation 2. Key Takeaways 3. Research Methodology 3.1 Coverage3.2 Secondary Research3.3 Primary Research 4. Sonobuoy Launcher Market Landscape 4.1 Market Overview4.2 Porter's Five Forces Analysis4.2.1 Bargaining Power of Buyers4.2.2 Bargaining Power of Suppliers4.2.3 Threat to New Entrants4.2.4 Threat to Substitutes4.2.5 Competitive Rivalry4.3 Ecosystem Analysis 5. Sonobuoy Launcher Market - Key Market Dynamics 5.1 Key Market Driver5.1.1 Focus on Anti-Submarine Warfare (ASW) is Stimulating the Growth5.1.2 Growing Defense Budgets and Expenditures is Boosting the Demand5.2 Key Market Restraint5.2.1 Lifespan of Sonobuoy Launchers and Availability of Other Submarine Detection Technologies5.3 Key Market Opportunity5.3.1 Development of Sonobuoy Launchers for UAVs5.4 Future Trends5.4.1 Integrating Sonobuoy Launchers with Combat Management System5.5 Impact Analysis of Drivers and Restraints 6. Sonobuoy Launcher Market - Global Analysis 6.1 Global Sonobuoy Launcher Market Overview6.2 Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)6.3 Market Positioning - Five Key Players 7. Sonobuoy Launcher Market Analysis - By Type 7.1 Overview7.2 Sonobuoy Launcher Market, By Type (2019 and 2027)7.3 Multiple Rotary Launch System7.3.1 Overview7.3.2 Multiple Rotary Launch System: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)7.4 Single Launch System7.4.1 Overview7.4.2 Single Launch System: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million) 8. Sonobuoy Launcher Market - By Ejection Platform 8.1 Overview8.2 Sonobuoy Launcher Market, by Ejection Platform (2019 and 2027)8.3 Aircraft8.3.1 Overview8.3.2 Aircraft: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)8.4 Ships8.4.1 Overview8.4.2 Ships: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million) 9. Sonobuoy Launcher Market - Geographic Analysis 9.1 Overview9.2 North America: Sonobuoy Launcher Market9.2.1 North America: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.2.2 North America: Sonobuoy Launcher Market, by Type9.2.3 North America: Sonobuoy Launcher Market, by Ejector Platform9.2.4 North America: Sonobuoy Launcher Market, by Key Country9.2.4.1 US: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.2.4.1.1 US: Sonobuoy Launcher Market, by Type9.2.4.1.2 US: Sonobuoy Launcher Market, by Ejector Platform9.2.4.2 Canada: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.2.4.2.1 Canada: Sonobuoy Launcher Market, by Type9.2.4.2.2 Canada: Sonobuoy Launcher Market, by Ejector Platform9.3 Europe: Sonobuoy Launcher Market9.3.1 Europe: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.3.2 Europe: Sonobuoy Launcher Market, By Type9.3.3 Europe: Sonobuoy Launcher Market, By Ejector Platform9.3.4 Europe: Sonobuoy Launcher Market, By Country9.3.4.1 Germany: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.3.4.1.1 Germany: Sonobuoy Launcher Market, by Type9.3.4.1.2 Germany: Sonobuoy Launcher Market, by Ejector Platform9.3.4.2 France: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.3.4.2.1 France: Sonobuoy Launcher Market, by Type9.3.4.2.2 France: Sonobuoy Launcher Market, by Ejector Platform9.3.4.3 UK: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.3.4.3.1 UK: Sonobuoy Launcher Market, by Type9.3.4.3.2 UK: Sonobuoy Launcher Market, by Ejector Platform9.3.4.4 Russia: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.3.4.4.1 Russia: Sonobuoy Launcher Market, by Type9.3.4.4.2 Russia: Sonobuoy Launcher Market, by Ejector Platform9.3.4.5 Rest of Europe: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.3.4.5.1 Rest of Europe: Sonobuoy Launcher Market, by Type9.3.4.5.2 Rest of Europe: Sonobuoy Launcher Market, by Ejector Platform9.4 APAC: Sonobuoy Launcher Market9.4.1 APAC: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.4.2 APAC: Sonobuoy Launcher Market, By Type9.4.3 APAC: Sonobuoy Launcher Market, By Ejector Platform9.4.4 APAC: Sonobuoy Launcher Market, By Country9.4.4.1 China: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.4.4.1.1 China: Sonobuoy Launcher Market, by Type9.4.4.1.2 China: Sonobuoy Launcher Market, by Ejector Platform9.4.4.2 India: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.4.4.2.1 India: Sonobuoy Launcher Market, by Type9.4.4.2.2 India: Sonobuoy Launcher Market, by Ejector Platform9.4.4.3 Japan: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.4.4.3.1 Japan: Sonobuoy Launcher Market, by Type9.4.4.3.2 Japan: Sonobuoy Launcher Market, by Ejector Platform9.4.4.4 South Korea: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.4.4.4.1 South Korea: Sonobuoy Launcher Market, by Type9.4.4.4.2 South Korea: Sonobuoy Launcher Market, by Ejector Platform9.5 Rest of the World: Sonobuoy Launcher Market9.5.1 Rest of the World: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.5.2 Rest of the World: Sonobuoy Launcher Market, by Type9.5.3 Rest of the World: Sonobuoy Launcher Market, by Ejector Platform9.5.4 Rest of the World: Sonobuoy Launcher Market, by Key Country9.5.4.1 MEA: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.5.4.1.1 MEA: Sonobuoy Launcher Market, by Type9.5.4.1.2 MEA: Sonobuoy Launcher Market, by Ejector Platform9.5.4.2 SAM: Sonobuoy Launcher Market - Revenue and Forecast to 2027 (US$ Million)9.5.4.2.1 SAM: Sonobuoy Launcher Market, by Type9.5.4.2.2 SAM: Sonobuoy Launcher Market, by Ejector Platform 10. Impact of Coronavirus Outbreak 10.1 Impact of COVID-19 Pandemic on Global Sonobuoy launchers Market10.1.1 North America: Impact Assessment of COVID-19 Pandemic10.1.2 Europe: Impact Assessment of COVID-19 Pandemic10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic10.1.5 South America: Impact Assessment of COVID-19 Pandemic 11. Industry Landscape 11.1 Market Initiative 12. Company Profiles 12.1 Alkan12.1.1 Key Facts12.1.2 Business Description12.1.3 Products and Services12.1.4 Financial Overview12.1.5 SWOT Analysis12.1.6 Key Developments12.2 GeoSpectrum Technologies Inc.12.3 L3Harris Technologies, Inc.12.4 Aurora Flight Sciences12.5 JSK Naval Support Inc.12.6 Marshall Aerospace and Defence Group12.7 MES S.p.A.12.8 Systems Engineering Associates Corporation (SEA CORP)12.9 SAES12.10 Ultra Command & Sonar Systems (Ultra Electronics Group) 13. 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