Global Sonobuoy Market – Growing Unrest in Maritime Borders in the APAC Region to Boost the Market | Technavio

LONDON--(BUSINESS WIRE)--#Defense--Market research firm Technavio has announced the release of their latest report on the global sonobuoy market. This new report will provide expert market insights for the forecast period 2018-2022.



The report will present an updated analysis of the market with regards to the current competitive landscape and global environment. The report will also include new predictions for the forecast period based on a thorough understanding of the current market scenario.

The upgraded research report on the sonobuoy market is an integral part of Technavio’s defense portfolio. Technavio covers an extensive range of market research reports on the defense market, covering different regions and top industry segments. Some of the topics covered include UAV, short-range air-defense missile system, military helicopter MRO, torpedo, smart gun, and military aircraft ejection seats.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

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Global growth opportunities

Technavio’s previous report on the global sonobuoy market projected that the Americas dominated the market with nearly 61% in 2015. In the Americas, the US Navy was the largest investor in the procurement of unmanned underwater vehicles, ASW systems, and acquisition of sonobuoys for marine mammal research. The US also spent extensively on tracking hostile sonobuoy movement to counter unseen threats in the ocean. Thus, the increasing demand from the US for research and defense-related purposes aided in market growth.

In the previous report, a senior research analyst at Technavio stated, “One of the key factors driving the growth of this market is the growing unrest in maritime borders in the APAC region. East and South China Seas are rich in hydrocarbons and natural gas and can generate trillions of dollars of global trade flow every year. This led to a territorial dispute between countries such as China, Japan, Vietnam, and the Philippines.”

Looking for the latest information on the global sonobuoy market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Detailed analysis at your fingertips

Some of the topics that will be revisited in the new report include:

  • Market size and growth rate through 2022
  • Top factors driving the market growth
  • Market opportunities and factors impeding growth
  • Key players in the market

The report on the global sonobuoy market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.

 

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