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Underwater Expendables Market Report
Underwater Expendables Market is Segmented by Product Type (Sonobuoy [Active, Passive, and Special Purpose] and Acoustic Countermeasures), by Platform Type (Defense and Commercial), and by Region (North America, Europe, Asia-Paci...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Underwater expendables are among the key technologies used in the maritime defense. The expendable sonar and countermeasure systems used for conducting anti-submarine warfare, underwater acoustic research, and torpedo defense countermeasures can be termed as underwater expendables. Underwater expendables mainly include sonobuoy and acoustic countermeasures deployed from maritime aircraft, helicopters, surface ships, and submarines. The primary sonobuoy for the anti-submarine warfare was invented during the World War-II for the detection and localization of submarines. With the increasing SSBN and SSN submarine fleet, every country is gradually increasing its anti-submarine capabilities including sonobuoys and acoustic countermeasures.
The Great Recession (2008-2009) had an overall marginal impact on defense spending. Military spending of the major military expenditure countries, such as the USA, China, Russia, and India, is a long-term strategic preference. The outbreak of COVID-19 crippled the supply chain of the entire defense industry, making it difficult for manufacturers to continue production which resulted in the delays of major programs. However, the industry is trying hard to get up in their feet with an aim to fulfill all the previously made commitments. It is anticipated that the outbreak of COVID-19 will have a marginal impact on defense spending, particularly when the tension between many economies is at its peak.
The market for underwater expendables is anticipated to follow the defense industry with minimal decline in the year 2020, taking the market close to the 2018-level, followed by a gradual recovery from 2021 onwards, ultimately driving the market with healthy long-term growth across regions. The increasing demand for underwater expendables is supported by various factors including rapidly growing submarine fleet, increasing focus towards underwater warfare systems, increasing focus towards enhancing anti-submarine warfare capabilities, rising Chinese navy movements in the South China Sea, the introduction of new UAV platforms, and increasing innovations in acoustic countermeasures, asserting a positive comeback in the demand from 2021 onwards with an expected market to ring the US$ 0.5 billion-figure bell by 2025.
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The underwater expendables market is segmented based on the product type as sonobuoy and acoustic countermeasures. Sonobuoy is further sub-segmented into active, passive, and special-purpose system. Sonobuoy is expected to remain the larger segment of the market during the forecast period. It is also anticipated that the segment will recover quickly post a minor decline in 2020, maintaining its tag of the faster-growing segment. Strong demand from the U.S. Navy and innovations in sonobuoys targeting future UAVs are likely to create a healthy demand for sonobuoys.
Based on the platform type, the market is segmented as defense and commercial. Defense is expected to remain the dominant platform type in the market during the forecast period, propelled by increasing anti-submarine warfare missions and increasing focus of major powers towards advanced underwater warfare systems.
In terms of region, North America is estimated to register marginal losses due to the pandemic. The USA is projected to remain the growth engine for underwater expendables in years to come. The USA has the world’s largest navy budget and the country keeps upgrading its existing capabilities in order to maintain its supremacy in the market. Every year the U.S. Navy generates a strong demand for at least 204,000 sonobuoys to conduct anti-submarine warfare missions. In order to cater to this huge demand, all the major players have a strong foothold in the region.
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Asia-Pacific is estimated to maintain its growth momentum in the long run with few bumps in 2020. Increase in Chinese submarine fleet and Chinese Navy movements in the South China Sea has led neighboring countries to increase their anti-submarine warfare capability. China, India, South Korea, and Japan are key countries in the region that are generating a considerable market demand.
The supply chain of this market comprises component manufacturers, underwater expendable manufacturers, defense companies, defense departments, navies, commercial companies, etc.
Some of the Key players in the Underwater Expendables Market are-
All the major underwater expendable suppliers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, high level of integration, new product developments, and strategic alliances are some of the key strategies adopted by major players to gain a competitive edge in the market.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
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Research Scope |
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Trend & Forecast Period |
2014-2025 |
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Size in 2025 |
US$ 0.5 billion |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries Covered |
The US, Canada, Mexico, Germany, France, the UK, Russia, Japan, China, India, Middle East, Latin America and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The underwater expendables market is segmented into the following categories:
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s underwater expendables market realities and future possibilities for the forecast period of 2020 to 2025. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
The following are the key features of the report:
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Company Profiling
Competitive Benchmarking
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The underwater expendables market size is expected to reach US$ 0.5 billion in the foreseeable future.
Ultra Electronics Holdings plc; Sparton Corporation; Thales Group; Lockheed Martin Corporation; Naval Group; Rafael Advanced Defense Systems Ltd; Leonardo S.p.A.; ATLAS ELEKTRONIK GmbH; L3Harris Technologies, Inc; and General Dynamics Corporation are among the key players in the Underwater Expendables Market.
The USA is expected to remain the growth engine of the underwater expendables market during the forecast period of 2020-2025.
Sonobuoy is expected to remain the larger segment in the underwater expendables market in the coming five years.
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