Sonobuoy Market: Trends, Technology, and Strategic Forecasts
The global sonobuoy market size was estimated at USD 429.2 million in 2023 and is estimated to grow at a CAGR of 6.5% from 2024 to 2030. Increasing focus on maritime security, with nations worldwide aiming to enhance their undersea warfare capabilities is expected to boost the market growth in the long run. Increasing demand for submarine products is likely to be driven by the rising geopolitical tensions in various maritime regions, leading to an increased deployment of submarines and other underwater assets that necessitate advanced detection technologies. Sonobuoys, being crucial for anti-submarine warfare (ASW) operations, have witnessed a growing traction in the defense sector, thus benefiting the market growth. Advancements in sonar technology, which have significantly improved the efficiency and reliability of systems used in anti-submarine operations. With the integration of AI and machine learning, modern sonobuoys can now offer enhanced d...