Global Sonobuoy Market Analytics and Forecasts 2020-2027: Directional Command Activated Segment to Record 5.5% CAGR
Dublin, Sept. 17, 2020 (GLOBE NEWSWIRE) — The “Sonobuoy – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Sonobuoy estimated at US$287.4 Million in the year 2020, is projected to reach a revised size of US$420.9 Million by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Bathythermo Buoy, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$86.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Search and Rescue Buoy segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
The Sonobuoy market in the U. S. is estimated at US$84.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$74 Million by the year 2027 …