| Product Code: ETC5853882 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continues to rely heavily on imports of sonobuoys, with the USA, Barbados, Guyana, and Saint Vincent and the Grenadines being the top exporters. The market shows a high concentration, as indicated by the high HHI, suggesting limited diversification among suppliers. Despite a strong compound annual growth rate (CAGR) of 6.15% from 2020 to 2024, the negative growth rate of -48.84% from 2023 to 2024 raises concerns about a potential slowdown in the market. Grenada`s import dynamics in the sonobuoy sector warrant close monitoring for future developments.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Sonobuoy Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Sonobuoy Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Sonobuoy Market - Industry Life Cycle |
3.4 Grenada Sonobuoy Market - Porter's Five Forces |
3.5 Grenada Sonobuoy Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Sonobuoy Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 Grenada Sonobuoy Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Sonobuoy Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
4 Grenada Sonobuoy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for maritime security solutions |
4.2.2 Technological advancements in sonobuoy systems |
4.2.3 Growing military spending in the region |
4.3 Market Restraints |
4.3.1 High initial investment costs |
4.3.2 Limited awareness about sonobuoy technology |
4.3.3 Regulatory challenges related to maritime surveillance |
5 Grenada Sonobuoy Market Trends |
6 Grenada Sonobuoy Market Segmentations |
6.1 Grenada Sonobuoy Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Sonobuoy Market Revenues & Volume, By Bathythermo Buoy,, 2021-2031F |
6.1.3 Grenada Sonobuoy Market Revenues & Volume, By Search & Rescue Buoy, 2021-2031F |
6.1.4 Grenada Sonobuoy Market Revenues & Volume, By Directional Command Activated, 2021-2031F |
6.1.5 Grenada Sonobuoy Market Revenues & Volume, By Data Link Communications, 2021-2031F |
6.1.6 Grenada Sonobuoy Market Revenues & Volume, By Directional Frequency Analysis and Recording, 2021-2031F |
6.1.7 Grenada Sonobuoy Market Revenues & Volume, By Low Frequency Analysis and Recording, 2021-2031F |
6.1.9 Grenada Sonobuoy Market Revenues & Volume, By Air Deployable Active Receiver, 2021-2031F |
6.1.10 Grenada Sonobuoy Market Revenues & Volume, By Air Deployable Active Receiver, 2021-2031F |
6.2 Grenada Sonobuoy Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 Grenada Sonobuoy Market Revenues & Volume, By Active, 2021-2031F |
6.2.3 Grenada Sonobuoy Market Revenues & Volume, By Passive, 2021-2031F |
6.2.4 Grenada Sonobuoy Market Revenues & Volume, By Special Purpose, 2021-2031F |
6.3 Grenada Sonobuoy Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Sonobuoy Market Revenues & Volume, By Defense, 2021-2031F |
6.3.3 Grenada Sonobuoy Market Revenues & Volume, By Commercial, 2021-2031F |
6.4 Grenada Sonobuoy Market, By Deployment |
6.4.1 Overview and Analysis |
6.4.2 Grenada Sonobuoy Market Revenues & Volume, By Spring, 2021-2031F |
6.4.3 Grenada Sonobuoy Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.4.4 Grenada Sonobuoy Market Revenues & Volume, By Free-fall, 2021-2031F |
6.4.5 Grenada Sonobuoy Market Revenues & Volume, By Cartridge, 2021-2031F |
7 Grenada Sonobuoy Market Import-Export Trade Statistics |
7.1 Grenada Sonobuoy Market Export to Major Countries |
7.2 Grenada Sonobuoy Market Imports from Major Countries |
8 Grenada Sonobuoy Market Key Performance Indicators |
8.1 Research and development investment in sonobuoy technology |
8.2 Adoption rate of sonobuoy systems by defense organizations |
8.3 Number of strategic partnerships for sonobuoy development |
8.4 Rate of integration of sonobuoys in maritime security operations |
9 Grenada Sonobuoy Market - Opportunity Assessment |
9.1 Grenada Sonobuoy Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Sonobuoy Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 Grenada Sonobuoy Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Sonobuoy Market Opportunity Assessment, By Deployment, 2021 & 2031F |
10 Grenada Sonobuoy Market - Competitive Landscape |
10.1 Grenada Sonobuoy Market Revenue Share, By Companies, 2024 |
10.2 Grenada Sonobuoy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here