What Is The Definition Of The Global Marine Acoustic Sensors Market?
Marine acoustic sensors refer to devices that are used to detect and analyze sound underwater. They can detect and analyze different types of sounds, such as marine mammal vocalizations, ship noise, and underwater geological activity, and play a crucial role in marine research, offshore industries, and defense applications, providing valuable data for understanding and monitoring the underwater environment.
Marine Acoustic Sensors Global Market Report 2024 provides data on the global marine acoustic sensors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The marine acoustic sensors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Marine Acoustic Sensors Market Projected?
The marine acoustic sensors market has shown strong growth, with its size increasing from $1.12 billion in 2023 to $1.2 billion in 2024 at a CAGR of 7.6%. Historical growth drivers include the need for underwater surveillance, acoustic mapping for navigation, monitoring of marine populations, offshore exploration, and reliable underwater communication. The market is expected to grow further, reaching $1.62 billion by 2028 at a CAGR of 7.8%. This growth will be supported by demand for underwater surveillance, offshore wind farm expansion, oceanographic research, autonomous underwater vehicles, and increased maritime traffic. Emerging trends include AI and ML integration, wireless communication advancements, signal processing improvements, miniaturization, and product innovation.
What Are The Primary Growth Drivers In The Marine Acoustic Sensors Market?
The marine acoustic sensor market is set to grow due to increased demand for marine transport. Marine transport refers to the movement of goods and passengers over water bodies, such as oceans, seas, rivers, and canals, using ships or other watercraft. This demand is rising due to population growth and urbanization, which have boosted trade volumes. The marine transport industry also facilitates the use of marine acoustic sensors by allowing equipment to be transported to offshore locations for research and monitoring. According to the United Nations Conference on Trade and Development, global maritime trade grew by 3.2% in 2021 and is projected to expand by 2.1% annually between 2023 and 2027, contributing to the growth of the marine acoustic sensor market.
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What Is The Segmentation Of The Global Marine Acoustic Sensors Market?
The marine acoustic sensors market covered in this report is segmented –
1) By Product: Hydrophones, Underwater Transducer, Acoustic Towed Array, Side-Scan Sonar
2) By Application: Mine Countermeasures (MCM), Intelligence Surveillance And Reconnaissance, Identification (ID), Anti-Submarine Warfare (ASW)
3) By End Use: Original Equipment Manufacturers (OEMs), Aftermarket
What Emerging Trends Are Shaping The Marine Acoustic Sensors Market Landscape?
In the marine acoustic sensors market, companies are focusing on passive acoustic monitoring (PAM) capabilities to improve underwater surveillance and environmental monitoring. PAM is a technique that detects underwater sound without actively transmitted signals. For instance, in March 2024, Jaia Robotics, in collaboration with Marine Acoustics, launched JaiaBot-PAM, which integrates PAM with broad-spectrum acoustic sensors. These sensors gather data on various environmental parameters such as temperature, depth, and wave height, offering flexible acoustic monitoring solutions for sectors like defense, national security, offshore energy, and aquaculture.
Which Region Has The Fastest Expansion In The Marine Acoustic Sensors Market?
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.
