Marine Sensors Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Acoustic Sensors, Magnetic Sensors, Sonars, Pressure Sensors, Temperature Sensors, Flow And Levels Sensors, Others), By Application (Navigational Instrument, Surveying Instrument), By End-User (Scientists And Academics, Governments, Navy, Oil And Gas Companies, Dredgers, Others), By Platform (Surface Warship, Submarine, Unmanned System, Munition, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Jan 2023
  • Report Code : KSI061614229
  • Pages : 160

Oceanography and environmental monitoring use marine sensors, also known as water quality sensors, to detect the characteristics of both saltwater and freshwater. Marine sensors come in a wide variety of forms with numerous uses. The most frequent measurements they make are of sound velocity, conductivity, temperature, turbidity (water clarity), dissolved oxygen, pH, hydroacoustic currents, and sound waves. A rising variety of practical uses for these tools include mapping the ocean floor and waterways, aquaculture, subsea construction, and determining how climate change is affecting the world's oceans, lakes, and rivers. The use of marine sensors is crucial for obtaining information about what is occurring below the ocean's surface. These sensors are a crucial data gathering and measurement tool for marine businesses all over the world that build coastlines, tailings ponds, subsea structures, and dredges.

The marine sensors market is anticipated to grow as a result of the thriving ship-building industry, investments in the maritime defense industry, and cruising demand.

The increasing frequency of marine hazards, such as piracy, has prompted many countries to modernize their systems for maritime tracking and surveillance. In order to combat a variety of criminal activities, such as pirate attacks and illegal fishing trailers, surveillance is essential in maritime environments. Computer vision is one of many systems that can be useful in the legal system. Additionally, a strong maritime system should be able to distinguish between marine life and man-made objects. The selection of the surveillance methodology is influenced by all of these considerations.

Government and private sector investments and initiatives have also contributed to the growth of this market. The Indian National Institute of Ocean Technology's (NIOT) Marine Sensor Systems Division has launched and plans to commence a number of projects, including the development of standalone buried object detection SONAR and acoustic cameras and the incorporation of synthetic aperture techniques in buried object detection SONAR. Similarly, the Natural Environment Research Council (NERC) and Japan Science and Technology Agency (JST) partnered with the UK Research and Innovation division of the Department for Business, Energy and Industrial Strategy (BEIS) to conduct a marine sensor project from 2017 to 2021. The project had a £900,000 budget.

Key Developments:

  • The Naval Undersea Warfare Center (NUWC) in Keyport, Washington, which creates cutting-edge underwater technologies, collaborated with the Pacific Northwest National Laboratory to implement 5G in December 2022, making marine mammal monitoring and other initiatives faster and more effective.
  • Nippon Yusen Kabushiki Kaisha, NYK Bulk & Projects Carriers Ltd., and MTI Co., Ltd. successfully concluded a 35-day experiment employing IoT sensors to measure the holds of dry bulk ships in December 2022, effectively proving the system's efficacy in real voyages. Maintaining the standard of marine transport on dry bulk boats depends in part on the holding environment's quality during the voyage. The three businesses have consequently created a brand-new technique that doesn't require any vessel construction. Although the patent is pending, the new method is a comprehensive management system for lowering the risk of cargo damage. It offers 24-hour remote monitoring and data gathering of the holds of dry bulk ships, analysis of historical data, and visualization of cargo-damage hazards based on forecasts of future circumstances.

The marine sensor market is anticipated to be driven by temperature sensors and sensors used for defense and military applications.

The marine sensor market is projected to increase as a result of the high demand for thermometric marine sensors used to reduce the temperature of marine engines. Additionally, it is projected that the marine sensors market would rise quickly due to the growing demand to monitor engine oil temperature. The rising need for next-generation missiles, air defense systems, and novel sensors in navy ships will further fuel the development of this market.

North America and Europe are expected to have significant expansion throughout the forecast period, while the Asia Pacific region is expected to account for a sizeable portion of the worldwide marine sensors market due to its densely concentrated shipbuilding sector.

In terms of regional growth, the marine sensors market in the Asia Pacific is anticipated to become more prominent. Asia Pacific is anticipated to hold a sizable market share in the marine sensors market due to the highly concentrated shipbuilding industry in China, Japan, and South Korea. Maritime industry growth and successful technology integration are expected to increase demand for marine sensors in this region's developing nations over the course of the forecast period. Another crucial growing reason is the existence of sizable shipbuilding industries in China and other nations. The increased use of marine sensors in Canada and the United States for the construction of new undersea electronics support facilities is responsible for the expansion of the marine sensor market in North America. The presence of multiple marine sensor producers in the United Kingdom, France, and Germany would spur growth in Europe.

Marine Sensors Market Scope:

Report Metrics Details
 Growth Rate  CAGR during the forecast period
 Base Year  2021
 Forecast Period  2023–2028
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, Application, End-User, Platform, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Honeywell International Inc, AMETEK.Inc, Meggitt PLC., TE Connectivity, SST Sensing Ltd Company, Sentech, BAE Systems, Raytheon Technologies company, Lockheed Martin Corporation, Wärtsilä, Garmin Ltd., Kongsberg Maritime
 Customization Scope  Free report customization with purchase

Market Segmentation:

  • By Type
    • Acoustic Sensors
    • Magnetic Sensors
    • Sonars
    • Pressure Sensors
    • Temperature Sensors
    • Flow and Levels Sensors
    • Others
  • By Application
    • Navigational Instrument
    • Surveying Instrument
  • By End-User
    • Scientists and Academics
    • Governments
    • Navy
    • Oil and gas companies
    • Dredgers
    • Others (including aquaculture, subsea construction, etc.)
  • By Platform
    • Surface Warship
    • Submarine
    • Unmanned System
    • Munition
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East And Africa
      • Saudi Arabia
      • Israel
      • Other
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Sources

2.3. Research Design

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter's Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Powers of Buyers

4.3.3. Threat of Substitutes

4.3.4. The Threat of New Entrants

4.3.5. Competitive Rivalry in Industry

4.4. Industry Value Chain Analysis

 

5. MARINE SENSORS MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Acoustic Sensors

5.3. Magnetic Sensors

5.4. Sonars

5.5. Pressure Sensors

5.6. Temperature Sensors

5.7. Flow and Levels Sensors

5.8. Others

 

6. MARINE SENSORS MARKET ANALYSIS, BY APPLICATION

6.1. Introduction

6.2. Navigational Instrument 

6.3. Surveying Instrument

 

7. MARINE SENSORS MARKET ANALYSIS, BY END-USER

7.1. Introduction

7.2. Scientists and Academics

7.3. Governments 

7.4. Navy

7.5. Oil and gas companies

7.6. Dredgers

7.7. Others (including aquaculture, subsea construction, etc.)

 

8. MARINE SENSORS MARKET ANALYSIS, BY PLATFORM

8.1. Introduction

8.2. Surface Warship

8.3. Submarine

8.4. Unmanned System

8.5. Munition

8.6. Others

 

9. MARINE SENSORS MARKET ANALYSIS, BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. Germany

9.4.2. France

9.4.3. United Kingdom

9.4.4. Spain

9.4.5. Others

9.5. Middle East And Africa

9.5.1. Saudi Arabia

9.5.2. Israel

9.5.3. Other

9.6. Asia Pacific

9.6.1. China

9.6.2. Japan

9.6.3. India

9.6.4. South Korea

9.6.5. Indonesia

9.6.6. Taiwan

9.6.7. Others

 

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisition, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

 

11. COMPANY PROFILES

11.1. Honeywell International Inc

11.2. AMETEK Inc.

11.3.  Meggitt PLC

11.4. TE Connectivity

11.5. SST Sensing Ltd. Company

11.6. Sentech

11.7. BAE Systems

11.8. Raytheon Technologies Company

11.9.  Lockheed Martin Corporation

11.10. Wärtsilä

11.11. Garmin Ltd.

11.12. Kongsberg Maritime


Honeywell International Inc

AMETEK.Inc

Meggitt PLC.

TE Connectivity

SST Sensing Ltd Company

Sentech

BAE Systems

Raytheon Technologies Company

Lockheed Martin Corporation

Wärtsilä

Garmin Ltd.

Kongsberg Maritime