Product Code: ETC4558465 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India sonobuoy market import shipment experienced a significant decline in growth from 2020 to 2024, with a notable negative CAGR of -31.1%. The market saw a sharp downturn between 2023 and 2024, with a growth rate of -69.7%, indicating a substantial contraction. Overall, the market exhibited a consistent trend of contraction and slowdown during the period.
The India Sonobuoy market is expanding as the country`s naval forces invest in advanced anti-submarine warfare and underwater surveillance technologies. Sonobuoys are essential tools for detecting submarines and other underwater threats. As India seeks to strengthen its maritime security capabilities, the demand for sonobuoys has risen. The market features competition among manufacturers offering various types and capabilities of sonobuoys to meet the specific requirements of the India Navy and coastal security agencies.
The India Sonobuoy Market is influenced by the country`s maritime security concerns and the need to monitor underwater activities. Sonobuoys are essential for anti-submarine warfare and marine research, and their demand is increasing with a focus on enhancing naval capabilities and maritime surveillance.
The challenge in the sonobuoy market involves technological advancements to enhance underwater surveillance capabilities. Manufacturers need to develop sonobuoys that offer extended operation time, increased detection ranges, and reduced false alarms, all while addressing environmental concerns and regulatory limitations.
The India sonobuoy market was impacted by the COVID-19 pandemic, primarily due to defense budget constraints and disruptions in supply chains. Lockdowns and reduced defense spending affected procurement and deployment of sonobuoys for naval operations. However, as defense forces resumed their activities, the market saw a revival, with an emphasis on maritime security. The need to monitor and secure India vast coastline remains crucial, which is expected to drive the demand for sonobuoys in the long term. The India Navy`s modernization efforts will likely play a pivotal role in sustaining the growth of this market.
Key players in the India sonobuoy market include Ultra Electronics Holdings, Radixon Group, L3Harris Technologies, Thales Group, and Sparton Corporation.
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 India Sonobuoy Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Sonobuoy Market Revenues & Volume, 2021 & 2031F |
3.3 India Sonobuoy Market - Industry Life Cycle |
3.4 India Sonobuoy Market - Porter's Five Forces |
3.5 India Sonobuoy Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Sonobuoy Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 India Sonobuoy Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Sonobuoy Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
4 India Sonobuoy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing naval defense spending by the Indian government |
4.2.2 Growing focus on maritime security and surveillance in the Indian Ocean region |
4.2.3 Technological advancements in sonobuoy systems |
4.3 Market Restraints |
4.3.1 High initial investment costs for sonobuoy technology |
4.3.2 Limited awareness and adoption of sonobuoys in certain segments |
4.3.3 Regulatory challenges related to the deployment of sonobuoys in Indian waters |
5 India Sonobuoy Market Trends |
6 India Sonobuoy Market, By Types |
6.1 India Sonobuoy Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Sonobuoy Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Sonobuoy Market Revenues & Volume, By Bathythermo Buoy,, 2021-2031F |
6.1.4 India Sonobuoy Market Revenues & Volume, By Search & Rescue Buoy, 2021-2031F |
6.1.5 India Sonobuoy Market Revenues & Volume, By Directional Command Activated, 2021-2031F |
6.1.6 India Sonobuoy Market Revenues & Volume, By Data Link Communications, 2021-2031F |
6.1.7 India Sonobuoy Market Revenues & Volume, By Directional Frequency Analysis and Recording, 2021-2031F |
6.1.8 India Sonobuoy Market Revenues & Volume, By Low Frequency Analysis and Recording, 2021-2031F |
6.1.9 India Sonobuoy Market Revenues & Volume, By Air Deployable Active Receiver, 2021-2031F |
6.1.10 India Sonobuoy Market Revenues & Volume, By Air Deployable Active Receiver, 2021-2031F |
6.2 India Sonobuoy Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 India Sonobuoy Market Revenues & Volume, By Active, 2021-2031F |
6.2.3 India Sonobuoy Market Revenues & Volume, By Passive, 2021-2031F |
6.2.4 India Sonobuoy Market Revenues & Volume, By Special Purpose, 2021-2031F |
6.3 India Sonobuoy Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Sonobuoy Market Revenues & Volume, By Defense, 2021-2031F |
6.3.3 India Sonobuoy Market Revenues & Volume, By Commercial, 2021-2031F |
6.4 India Sonobuoy Market, By Deployment |
6.4.1 Overview and Analysis |
6.4.2 India Sonobuoy Market Revenues & Volume, By Spring, 2021-2031F |
6.4.3 India Sonobuoy Market Revenues & Volume, By Pneumatic, 2021-2031F |
6.4.4 India Sonobuoy Market Revenues & Volume, By Free-fall, 2021-2031F |
6.4.5 India Sonobuoy Market Revenues & Volume, By Cartridge, 2021-2031F |
7 India Sonobuoy Market Import-Export Trade Statistics |
7.1 India Sonobuoy Market Export to Major Countries |
7.2 India Sonobuoy Market Imports from Major Countries |
8 India Sonobuoy Market Key Performance Indicators |
8.1 Research and development investment in sonobuoy technology |
8.2 Number of strategic partnerships and collaborations with defense contractors |
8.3 Adoption rate of sonobuoys in Indian naval operations |
9 India Sonobuoy Market - Opportunity Assessment |
9.1 India Sonobuoy Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Sonobuoy Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 India Sonobuoy Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Sonobuoy Market Opportunity Assessment, By Deployment, 2021 & 2031F |
10 India Sonobuoy Market - Competitive Landscape |
10.1 India Sonobuoy Market Revenue Share, By Companies, 2024 |
10.2 India Sonobuoy Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |