The global sonobuoy market is expected to be valued at USD 595.9 million by 2023 at a CAGR of 6.62% during the forecast period of 2018 to 2023.
A sonobuoy is a specialized equipment that uses sonar for operation. It is an information collection floating device that uses sonar. It can be used in several industries but is mainly utilized in military applications and oil & gas exploration.