What Has Been The Evolution of the Marine Acoustic Sensors Market in Recent Years?
The marine acoustic sensors market has seen considerable growth due to a variety of factors.
• The market size of marine acoustic sensors has been on a consistent surge in the last few years. The market is set to escalate from a whopping $1.2 billion in 2024 to an estimated $1.3 billion in 2025, marking a compound annual growth rate (CAGR) of 8.1%.
Various factors have contributed to this growth in the historic period including the increasing demand for underwater surveillance, reliance on acoustic signals for advanced underwater mapping, critical use of acoustic sensors in monitoring fish populations, key role of acoustic sensors in offshore exploration, and the indispensable requirement for sustainable underwater communication.
How Will the Marine Acoustic Sensors Market?
The marine acoustic sensors market is expected to maintain its strong growth trajectory in upcoming years.
• Over the following years, the market size of marine acoustic sensors is anticipated to witness robust expansion. It is projected to reach a value of $1.75 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%.
This projected growth during the forecast period can be associated with the escalating demand for underwater surveillance, the growth of offshore wind farms, the rising prominence of oceanographic research, the advent of autonomous underwater vehicles (AUVs), and an increase in maritime traffic. Key trends expected in the forecast period consist of the integration of artificial intelligence (AI) and machine learning (ML), the utilization of wireless communication, progress in signal processing, miniaturization and integration, and innovation in products.
Which Factors Are Boosting Growth In The Marine Acoustic Sensors Market?
The surge in the need for marine transportation is anticipated to fuel the expansion of the marine acoustic sensor market moving ahead. Marine transport entails conveying goods and people through waterways such as oceans, seas, rivers, and canals via vessels, boats, or other waterborne crafts. This surge in marine transport need stems from the growing demand for commodities due to population increase and urbanization, consequently raising the trade volumes. Through the facilitation of the delivery and upkeep of marine acoustic sensors, marine transportation aids in conveying equipment to offshore sites and paves the way for access to varied marine landscapes for research and observation endeavors. For instance, as reported by the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental agency, in November 2022 global maritime trade bounced back in 2021, witnessing a 3.2% increase, with aggregate shipments hitting 11 billion tons. Furthermore, maritime trade is predicted to incur an average yearly growth of 2.1% during the phase from 2023 to 2027. Hence, the escalating demand for marine transport is propelling the expansion of the marine acoustic sensor market.
What Key Areas Define 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), After market
Subsegments:
1) By Hydrophones: Oceanographic Hydrophones, Sonar Hydrophones, Monitoring Hydrophones
2) By Underwater Transducer: Low-Frequency Transducers, High-Frequency Transducers, Broadband Transducers
3) By Acoustic Towed Array: Active Towed Array, Passive Towed Array
4) By Side-Scan Sonar: Single-Beam Side-Scan Sonar, Multi-Beam Side-Scan Sonar
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What New Trends Are Influencing The Marine Acoustic Sensors Market?
In the marine acoustic sensors market, major firms are stressing the importance of features like passive acoustic monitoring (PAM) in improving underwater surveillance and environmental observation. PAM is a technique that employs the detection and analysis of underwater sound without active signal transmission. For example, in March 2024, Jaia Robotics, Inc., an American aquatic robots firm, partnered with Marine Acoustics, Inc., an American scientific and engineering firm, to introduce JaiaBot-PAM. This system includes PAM features, equipped with wide-range acoustic sensors that function from 2 Hz to 30 KHz. These sensors collect numerous data types, including conductivity, temperature, depth, bathymetry, sea bed composition, current flow, wave elevation, and wave duration. JaiaBot-PAM delivers cost-effective and flexible acoustic monitoring solutions that are appropriate for sectors such as defence, national security, offshore renewable energy, aquaculture, among others.
Who Are the Key Players In The Marine Acoustic Sensors 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
What Is The Most Dominant Region In The Marine Acoustic Sensors Market?
North America was the largest region in the marine acoustic sensors market in 2024. 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.
