Sonobuoy Sonar System Market Outlook – 2027
The global sonobuoy sonar system market is experiencing a significant growth due to increasing demand for sonar systems in naval forces for anti-submarine capabilities. Sonobuoy is an expendable buoy sonar system that is ejected from aircraft or ships conducting anti-submarine warfare or underwater acoustic research. Sonobuoys are ejected from aircraft in canisters and deploy upon water impact. An inflatable surface float with a radio transmitter remains on the surface for communication with the aircraft, while one or more hydrophone sensors and stabilizing equipment descend below the surface to a selected depth. The buoy relays acoustic information from its hydrophone using radio frequency to operators on board the aircraft or ship.
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COVID-19 scenario analysis:
Government has imposed lockdown to slow the spread of COVID-19 causing the sonar system manufacturers to halt manufacturing processes.
Ship builders are facing operational issues in ship construction and sonar system installation due to government decision to enforce lockdown in the wake of COVID-19.
Naval forces are forced to delay on-going military projects involving sonar system installation & upgradation, due to lack of workforce caused by the travel advisory issued by governments globally.
Sonar system manufacturers are witnessing disruption in supply chain of components and raw materials required for the development & testing of sonar system.
Maritime trade activities such as oil trade, are also on a standstill due to decline in demand. Government imposed travel restrictions due to COVID-19 pandemic has affected the maritime tourism activities as well.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in maritime tourism activities, increase in demand for seaborne trade activities, and rise in adoption of anti-submarine warfare systems are the factors that drive the global sonobuoy sonar system market. However, marine life hazard due to sonar usage hinder the market growth. On the contrary, growing military naval fleets, research & development in sensor technology, and developments in artificial intelligence present new pathways in the industry.
The global sonobuoy sonar system market trends are as follows:
Rise in adoption of anti-submarine warfare systems
Erapsco, a joint venture between Ultra Electronics (defense system manufacturer based in Middlesex, UK) and Sparton (defense contractor headquartered in Illinois, US), has received 204.6 million USD delivery order to manufacture underwater sonar systems for the US Navy. The Ultra Electronics and Sparton businesses will receive sonobuoy production subcontracts amounting to 101.7 million USD and 102.9 million USD, respectively. The award underscores the venture’s efforts to deliver technology platforms to support the Navy’s anti-submarine warfare mission. Further, the production work will take place at manufacturing facilities in Columbia City, Ind., and DeLeon Springs, Fla., through March 2022. Moreover, UUVs play crucial role in naval warfare due to its capabilities such as mine sweeping, intelligence gathering, surveillance, reconnaissance, and submarine combat. For instance, in 2019, US Navy awarded Boeing a 43 million USD contract to develop Orca extra-large unmanned underwater vehicles (XLUUVs). Orca is a long range autonomous reconfigurable UUV capable of payload delivery. Boeing has partnered with Huntington Ingalls Industries (Americas largest military shipbuilding company headquartered in Virginia, US) to test, fabricate, and deliver Orca class UUVs. Such rise in adoption anti-submarine warfare systems is expected to boost the sonar system market.
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Key benefits of the report:
- This study presents the analytical depiction of the global sonobuoy sonar system industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sonobuoy sonar system market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sonobuoy sonar system market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global sonobuoy sonar system market analysis based on competitive intensity and how the competition will take shape in coming years.
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Sonobuoy Sonar System Market Outlook – 2027 The global sonobuoy sonar system market is experiencing a significant growth due to increasing demand for sonar systems in naval forces for anti-submarine capabilities.
An inflatable surface float with a radio transmitter remains on the surface for communication with the aircraft, while one or more hydrophone sensors and stabilizing equipment descend below the surface to a selected depth.
The buoy relays acoustic information from its hydrophone using radio frequency to operators on board the aircraft or ship.Request Sample Report at:https://www.alliedmarketresearch.com/request-sample/9553COVID-19 scenario analysis: Government has imposed lockdown to slow the spread of COVID-19 causing the sonar system manufacturers to halt manufacturing processes.Ship builders are facing operational issues in ship construction and sonar system installation due to government decision to enforce lockdown in the wake of COVID-19.Naval forces are forced to delay on-going military projects involving sonar system installation & upgradation, due to lack of workforce caused by the travel advisory issued by governments globally.Sonar system manufacturers are witnessing disruption in supply chain of components and raw materials required for the development & testing of sonar system.Maritime trade activities such as oil trade, are also on a standstill due to decline in demand.
Government imposed travel restrictions due to COVID-19 pandemic has affected the maritime tourism activities as well.Interested to Procure The Data?
Inquire here at –https://www.alliedmarketresearch.com/purchase-enquiry/9553Top impacting factors: market scenario analysis, trends, drivers and impact analysisSurge in maritime tourism activities, increase in demand for seaborne trade activities, and rise in adoption of anti-submarine warfare systems are the factors that drive the global sonobuoy sonar system market.
Further, the production work will take place at manufacturing facilities in Columbia City, Ind., and DeLeon Springs, Fla., through March 2022.
Allied Market Research published a report, titled, "Wood vinegar Market by Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis) and Application (Agriculture, Animal Feed, Food, Medicinal & Consumer Products, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.
On the other hand, growth in trend of organic farming presents new growth opportunities.Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/9638COVID-19 ScenarioThe outbreak of the pandemic impacted the market immensely.
The prolonged lockdowns, in turn, have declined the demand for wood vinegar and suspended the supply chain and manufacturing procedures all across the world.However, the government bodies all over the world are now assisting the industries to maintain economic benefits by issuing relaxations on the restrictions.
With this, the market is anticipated to recoup soon.The slow pyrolysis segment to maintain its lead status during the forecast periodBased on pyrolysis method, the slow pyrolysis segment accounted for more than two-thirds of the global wood vinegar market in 2019, and is expected to maintain its lead status during the forecast period.
This is attributed to its capability of high yield at less temperature.Get Detailed COVID-19 Impact Analysis on the Wood Vinegar Market @ https://www.alliedmarketresearch.com/request-for-customization/9638?reqfor=covidThe agriculture segment to maintain its dominant share throughout the forecast periodBased on application, the agriculture segment held the highest market share in 2019, accounting for more than two-fifths of the global wood vinegar market, and is estimated to maintain its dominant share throughout the forecast period.
This is due to rising trend of organic farming and its benefits in agricultural applications such as enhanced yield of crop, protection from the dangerous insects and diseases, and others.Asia-Pacific to maintain its leadership position, North America to grow significantly by 2027Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for nearly two-fifths of the global wood vinegar market, and is expected to maintain its leadership position by 2027.
The severity of supply chain disruptions has increased tremendously in the past two decades, making it impearitive to invest in supply chain risk management
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Allied Market Research published a report, titled, "Silver Nanoparticles Market by Synthesis Method (Wet Chemistry, Ion Implantation, and Biological Synthesis), Shape (Spheres, Platelets, Rods, Colloidal Silver Particles, and Others), and Application (Healthcare & Lifescience, Textile, Electronics & IT, Food & Beverages, Pharmaceuticals, Cosmetics, Water Treatment, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027.
" According to the report, the global silver nanoparticle industry was pegged at $1.8 billion in 2019, and is expected to hit $4.1 billion by 2027, registering a CAGR of 15.7% from 2020 to 2027.Drivers, restraints, and opportunities- Rise in demand for silver nanoparticles in the food & beverage, hospitality, electronics & IT, and textile sectors is expected to boost the growth of the global silver nanoparticles market.
The fact that desired shape and morphology is obtained by using the method of wet chemistry drives the segment growth.
The biological synthesis segment, on the other hand, would manifest the fastest CAGR of 16.4% throughout the forecast period, owing to increase in awareness toward environmental pollution caused by chemical synthesis methods.Get Detailed COVID-19 Impact Analysis on the Silver Nanoparticles Market @ https://www.alliedmarketresearch.com/request-for-customization/7288?reqfor=covidThe spheres segment to dominate during the estimated period- Based on shape, the spheres segment accounted for around two-fifths of the global silver nanoparticles market revenue in 2019 and is anticipated to retain its dominance from 2020 to 2027, due to its adoption in numerous applications.
Rise in awareness of silver colloidal particles regarding nutritional benefits is the main factor driving the segment growth.North America to rule the roost- Based on geography, North America held the major market share in 2019, garnering around two-fifths of the global silver nanoparticles market.
Simultaneously, Asia-Pacific would grow at the fastest CAGR of 16.2% from 2020-2027.
