The marine acoustic sensors market size has grown strongly in recent years. It will grow from $1.12 billion in 2023 to $1.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The expansion observed during the historical period can be attributed to several factors. Firstly, the need for underwater surveillance drove the demand for acoustic sensors, facilitating the monitoring of underwater environments for security and research purposes. Additionally, in the early stages of navigation, acoustic signals were relied upon for underwater mapping, contributing to the growth of acoustic sensor technology. Furthermore, acoustic sensors played a crucial role in monitoring fish populations, aiding in fisheries management and conservation efforts. Moreover, in offshore exploration activities, acoustic sensors were instrumental in mapping underwater geological features and locating resources. Lastly, the requirement for reliable communication underwater spurred the development and adoption of acoustic sensor technology, enabling effective communication in challenging underwater environments.
The marine acoustic sensors market size is expected to see strong growth in the next few years. It will grow to $1.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The historic growth of acoustic sensors can be attributed to their necessity in underwater surveillance, early navigation's reliance on acoustic signals, their role in monitoring fish populations, aiding offshore exploration, and enabling reliable underwater communication.
The marine acoustic sensor market is poised for growth driven by the increased demand for marine transport. Marine transport involves the movement of goods and passengers through waterways such as oceans, seas, rivers, and canals using various watercraft. The surge in demand for marine transport is fueled by the growing need for commodities, spurred by population expansion and urbanization, resulting in heightened trade volumes. Marine transport plays a crucial role in facilitating the deployment and maintenance of marine acoustic sensors by enabling the transportation of equipment to offshore locations and granting access to diverse marine environments for research and monitoring purposes. For instance, as reported by the United Nations Conference on Trade and Development (UNCTAD) in November 2022, global maritime trade experienced a 3.2% growth in 2021, reaching a total shipment volume of 11 billion tons. Additionally, maritime trade is forecasted to expand at an average annual rate of 2.1% from 2023 to 2027. Consequently, the increased demand for marine transport acts as a key driver for the growth of the marine acoustic sensor market.
Leading companies in the marine acoustic sensor market are placing emphasis on features such as passive acoustic monitoring (PAM) capability to enhance underwater surveillance and environmental monitoring effectiveness. Passive acoustic monitoring (PAM) involves the detection and analysis of underwater sound without actively transmitted signals. For instance, in March 2024, Jaia Robotics, Inc., in partnership with Marine Acoustics, Inc., launched JaiaBot-PAM, featuring passive acoustic monitoring functionality with broad-spectrum acoustic sensors operating from 2 Hz to 30 KHz. These sensors collect diverse data including conductivity, temperature, depth, bathymetry, bottom composition, current flow, wave height, and wave period. JaiaBot-PAM offers cost-effective and adaptable acoustic monitoring solutions suitable for defense, national security, offshore renewable energy, aquaculture, and other sectors.
In October 2022, General Oceans, a UK-based ocean technology company, acquired Tritech International to enhance its offerings by integrating Tritech's advanced underwater imaging and measurement technologies into its portfolio. This strategic acquisition strengthens General Oceans' ability to provide solutions for marine exploration and monitoring. Tritech International, also based in the UK, specializes in designing and producing acoustic sensors, sonars, video cameras, and mechanical tooling equipment, thus complementing General Oceans' capabilities in the marine acoustic sensor market.
Major companies operating in the marine acoustic sensors market are Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Teledyne Marine Technologies Incorporated, Kongsberg Maritime AS, Nortek AS, Fugro N.V., Ultra Electronics Holdings plc, MacArtney A/S, Sonardyne International Ltd, General Oceans Ltd, EdgeTech Marine, Kraken Robotics Inc., JASCO Applied Sciences Ltd, 3D at Depth Inc., Cetacean Research Technology (CRT), RTsys, Rowe Technologies Inc., Evologics GmbH, GeoSpectrum Technologies Inc., Ocean Sonics Ltd, EOM Offshore LLC, BlueView Technologies Inc., RJE International Inc., DSPComm.
North America was the largest region in the marine acoustic sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marine acoustic sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the marine acoustic sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Marine acoustic sensors are devices utilized to detect and analyze underwater sound. They serve to identify various types of underwater sounds, including marine mammal vocalizations, ship noise, and underwater geological activity. These sensors play a critical role in marine research, offshore industries, and defense applications, providing essential data for understanding and monitoring the underwater environment.
The primary products within the realm of marine acoustic sensors include hydrophones, underwater transducers, acoustic towed arrays, and side-scan sonar. Hydrophones function as underwater microphones, detecting and converting sound waves into electrical signals. They find application in diverse fields such as mine countermeasures (MCM), intelligence surveillance and reconnaissance, identification (ID), and anti-submarine warfare (ASW). These sensors cater to various end-users, including original equipment manufacturers (OEMs) and the aftermarket.
The marine acoustic sensors market research report is one of a series of new reports that provides marine acoustic sensors market statistics, including marine acoustic sensors industry global market size, regional shares, competitors with a marine acoustic sensors market share, detailed marine acoustic sensors market segments, market trends and opportunities, and any further data you may need to thrive in the marine acoustic sensors industry. This marine acoustic sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine acoustic sensors market consists of revenues earned by entities by providing services such as detection, monitoring, and analysis of sound waves in marine environments. The market value includes the value of related goods sold by the service provider or included within the service offering. The marine acoustic sensors market also includes sales of transducers, hydrophones, signal processing units, data loggers, power supplies, housings, and communication interfaces. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The marine acoustic sensors market size is expected to see strong growth in the next few years. It will grow to $1.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The historic growth of acoustic sensors can be attributed to their necessity in underwater surveillance, early navigation's reliance on acoustic signals, their role in monitoring fish populations, aiding offshore exploration, and enabling reliable underwater communication.
The marine acoustic sensor market is poised for growth driven by the increased demand for marine transport. Marine transport involves the movement of goods and passengers through waterways such as oceans, seas, rivers, and canals using various watercraft. The surge in demand for marine transport is fueled by the growing need for commodities, spurred by population expansion and urbanization, resulting in heightened trade volumes. Marine transport plays a crucial role in facilitating the deployment and maintenance of marine acoustic sensors by enabling the transportation of equipment to offshore locations and granting access to diverse marine environments for research and monitoring purposes. For instance, as reported by the United Nations Conference on Trade and Development (UNCTAD) in November 2022, global maritime trade experienced a 3.2% growth in 2021, reaching a total shipment volume of 11 billion tons. Additionally, maritime trade is forecasted to expand at an average annual rate of 2.1% from 2023 to 2027. Consequently, the increased demand for marine transport acts as a key driver for the growth of the marine acoustic sensor market.
Leading companies in the marine acoustic sensor market are placing emphasis on features such as passive acoustic monitoring (PAM) capability to enhance underwater surveillance and environmental monitoring effectiveness. Passive acoustic monitoring (PAM) involves the detection and analysis of underwater sound without actively transmitted signals. For instance, in March 2024, Jaia Robotics, Inc., in partnership with Marine Acoustics, Inc., launched JaiaBot-PAM, featuring passive acoustic monitoring functionality with broad-spectrum acoustic sensors operating from 2 Hz to 30 KHz. These sensors collect diverse data including conductivity, temperature, depth, bathymetry, bottom composition, current flow, wave height, and wave period. JaiaBot-PAM offers cost-effective and adaptable acoustic monitoring solutions suitable for defense, national security, offshore renewable energy, aquaculture, and other sectors.
In October 2022, General Oceans, a UK-based ocean technology company, acquired Tritech International to enhance its offerings by integrating Tritech's advanced underwater imaging and measurement technologies into its portfolio. This strategic acquisition strengthens General Oceans' ability to provide solutions for marine exploration and monitoring. Tritech International, also based in the UK, specializes in designing and producing acoustic sensors, sonars, video cameras, and mechanical tooling equipment, thus complementing General Oceans' capabilities in the marine acoustic sensor market.
Major companies operating in the marine acoustic sensors market are Lockheed Martin Corporation, Thales Group, L3Harris Technologies Inc., Teledyne Marine Technologies Incorporated, Kongsberg Maritime AS, Nortek AS, Fugro N.V., Ultra Electronics Holdings plc, MacArtney A/S, Sonardyne International Ltd, General Oceans Ltd, EdgeTech Marine, Kraken Robotics Inc., JASCO Applied Sciences Ltd, 3D at Depth Inc., Cetacean Research Technology (CRT), RTsys, Rowe Technologies Inc., Evologics GmbH, GeoSpectrum Technologies Inc., Ocean Sonics Ltd, EOM Offshore LLC, BlueView Technologies Inc., RJE International Inc., DSPComm.
North America was the largest region in the marine acoustic sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marine acoustic sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the marine acoustic sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Marine acoustic sensors are devices utilized to detect and analyze underwater sound. They serve to identify various types of underwater sounds, including marine mammal vocalizations, ship noise, and underwater geological activity. These sensors play a critical role in marine research, offshore industries, and defense applications, providing essential data for understanding and monitoring the underwater environment.
The primary products within the realm of marine acoustic sensors include hydrophones, underwater transducers, acoustic towed arrays, and side-scan sonar. Hydrophones function as underwater microphones, detecting and converting sound waves into electrical signals. They find application in diverse fields such as mine countermeasures (MCM), intelligence surveillance and reconnaissance, identification (ID), and anti-submarine warfare (ASW). These sensors cater to various end-users, including original equipment manufacturers (OEMs) and the aftermarket.
The marine acoustic sensors market research report is one of a series of new reports that provides marine acoustic sensors market statistics, including marine acoustic sensors industry global market size, regional shares, competitors with a marine acoustic sensors market share, detailed marine acoustic sensors market segments, market trends and opportunities, and any further data you may need to thrive in the marine acoustic sensors industry. This marine acoustic sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine acoustic sensors market consists of revenues earned by entities by providing services such as detection, monitoring, and analysis of sound waves in marine environments. The market value includes the value of related goods sold by the service provider or included within the service offering. The marine acoustic sensors market also includes sales of transducers, hydrophones, signal processing units, data loggers, power supplies, housings, and communication interfaces. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Marine Acoustic Sensors Market Characteristics3. Marine Acoustic Sensors Market Trends and Strategies32. Global Marine Acoustic Sensors Market Competitive Benchmarking33. Global Marine Acoustic Sensors Market Competitive Dashboard34. Key Mergers and Acquisitions in the Marine Acoustic Sensors Market
4. Marine Acoustic Sensors Market - Macro Economic Scenario
5. Global Marine Acoustic Sensors Market Size and Growth
6. Marine Acoustic Sensors Market Segmentation
7. Marine Acoustic Sensors Market Regional and Country Analysis
8. Asia-Pacific Marine Acoustic Sensors Market
9. China Marine Acoustic Sensors Market
10. India Marine Acoustic Sensors Market
11. Japan Marine Acoustic Sensors Market
12. Australia Marine Acoustic Sensors Market
13. Indonesia Marine Acoustic Sensors Market
14. South Korea Marine Acoustic Sensors Market
15. Western Europe Marine Acoustic Sensors Market
16. UK Marine Acoustic Sensors Market
17. Germany Marine Acoustic Sensors Market
18. France Marine Acoustic Sensors Market
19. Italy Marine Acoustic Sensors Market
20. Spain Marine Acoustic Sensors Market
21. Eastern Europe Marine Acoustic Sensors Market
22. Russia Marine Acoustic Sensors Market
23. North America Marine Acoustic Sensors Market
24. USA Marine Acoustic Sensors Market
25. Canada Marine Acoustic Sensors Market
26. South America Marine Acoustic Sensors Market
27. Brazil Marine Acoustic Sensors Market
28. Middle East Marine Acoustic Sensors Market
29. Africa Marine Acoustic Sensors Market
30. Marine Acoustic Sensors Market Competitive Landscape and Company Profiles
31. Marine Acoustic Sensors Market Other Major and Innovative Companies
35. Marine Acoustic Sensors Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Marine Acoustic Sensors Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on marine acoustic sensors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for marine acoustic sensors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The marine acoustic sensors market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Hydrophones; Underwater Transducer; Acoustic Towed Array; Side-Scan Sonar2) By Application: Mine Countermeasures (MCM); Intelligence Surveillance And Reconnaissance; Identification (ID); Anti-Submarine Warfare (ASW)
3) By End Use: Original Equipment Manufacturers (OEMs); Aftermarket
Key Companies Mentioned: Lockheed Martin Corporation; Thales Group; L3Harris Technologies Inc.; Teledyne Marine Technologies Incorporated; Kongsberg Maritime AS
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Lockheed Martin Corporation
- Thales Group
- L3Harris Technologies Inc.
- Teledyne Marine Technologies Incorporated
- Kongsberg Maritime AS
- Nortek AS
- Fugro N.V.
- Ultra Electronics Holdings plc
- MacArtney A/S
- Sonardyne International Ltd
- General Oceans Ltd
- EdgeTech Marine
- Kraken Robotics Inc.
- JASCO Applied Sciences Ltd
- 3D at Depth Inc.
- Cetacean Research Technology (CRT)
- RTsys
- Rowe Technologies Inc.
- Evologics GmbH
- GeoSpectrum Technologies Inc.
- Ocean Sonics Ltd
- EOM Offshore LLC
- BlueView Technologies Inc.
- RJE International Inc.
- DSPComm
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.2 Billion |
Forecasted Market Value ( USD | $ 1.62 Billion |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |