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Oceanographic Monitoring System Market was valued at US$ 1.48 billion in 2022 and is expected to reach US$ 2.19 billion by 2030; it is estimated to record a CAGR of 5.0% from 2022 to 2030

Oceanographic Monitoring System Market

Growing Demand for Environmental Monitoring to Fuel Oceanographic Monitoring System Market Growth During Forecast Period

Oceanographic monitoring systems play an important part in environmental monitoring as they provide critical data on numerous aspects of the ocean’s health. Ocean buoys, gliders, and profiling floats continuously monitor temperature and salinity at different depths. This data is used to detect ocean currents, comprehend global climate trends, and monitor the effects of climate change on the ocean’s physical features. Also, monitoring sea level rise using tide gauges and satellite altimetry is critical for understanding the effects of melting glaciers and ocean thermal expansion. This information is vital for coastal towns facing a rise in sea levels, which leads to associated disasters such as floods and erosion. Moreover, there is a growing focus on comprehending and reducing the environmental impact of human activity in the ocean. Thus, the growing demand for environmental monitoring is expected to create opportunities for the oceanographic monitoring system market growth during the forecast period. 

Oceanographic Monitoring System Market: Industry Overview

The report includes an oceanographic monitoring system market forecast by type, application, and geography. Based on type, the market is segmented into sensors, underwater communication system, and buoys observation monitoring system. Based on application, the market is divided into onshore and offshore. Based on geography, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In terms of revenue, North America dominated the oceanographic monitoring system market share in 2022.

The Europe oceanographic monitoring system market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe has a strong presence in offshore industries, including oil and gas exploration. These activities necessitate real-time data on ocean conditions in order to operate safely and efficiently, resulting in a demand for monitoring systems. Also, catastrophes such as the 2020 Arctic oil spill highlight the importance of monitoring to assess environmental effects. Thus, such instances propelled the growth of the oceanographic monitoring system market.

The Arctic Regional Ocean Observing System (ROOS), established in 2007, is founded by a collection of 14 member institutes from nine European countries that work actively on ocean observation and modeling systems for the Arctic Ocean and nearby seas. Arctic ROOS encourages, develops, and sustains operational monitoring and forecasting of ocean circulation, water masses, ocean surface conditions, sea ice, and biological/chemical elements. Thus, the growing utilization of such systems in the region propels the growth of the oceanographic monitoring system market.

The UK held the largest oceanographic monitoring system market share in Europe. Various companies across the UK are involved in the launch of oceanographic monitoring systems. For example, in August 2021, Ocean Scientific International Ltd (OSIL), a UK-based marine systems manufacturer, launched its new Aquaculture Monitoring Buoy. The development of this buoy has been driven by a substantial increase in seaweed farming across the globe. It offers a range of advantages specific to this market to increase asset management at a local level. The presence of such players and product launches contributes to the growth of the oceanographic monitoring system market in the country.

Oceanographic Monitoring System Market: Competitive Landscape and Key Developments

The oceanographic monitoring system market analysis is carried out by identifying and evaluating key players in the market across different regions. GOST Global; Hitachi Zosen Corporation; Ocean Scientific International Ltd; Sonardyne; Seatools B.V.; Xylem; Trelleborg Marine and Infrastructure; Valeport Ltd; SERCEL; MOBILIS; AXYS Technologies Inc.; Smart Buoy Co.; TechWorks Marine; Sea-Bird Scientific; and Neil Brown Ocean Sensors, Inc. are among the prominent players profiled in the oceanographic monitoring system market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. As per the company press releases, below are a few key developments:

  • In 2024, Neil Brown Ocean Sensors, Inc. (NBOSI), a pioneer in research-quality conductivity-temperature sensors for mobile marine platforms, launched its latest innovation before the opening of the forum—Oceanology International in London. The new integrated CTD Sensor promises to redefine underwater data collection, addressing an increasing demand for smaller, more capable unmanned underwater vehicles (UUVs) in various industries.
  • In 2023, Sonardyne, a marine energy, defense, and science company, was selected to provide a subsurface communications and navigation network for the Smart Sound Connect Subsurface (SSCS) Project. Sonardyne will partner with the University of Plymouth and Plymouth Marine Laboratory to install, operate, and manage an underwater acoustic communications and navigation network that will link to the existing surface assets.
  • In 2020, India’s Environmental Ministry announced its plan to earn a Blue Flag accreditation for one beach in each of the country’s coastal states. To earn the Blue Flag, beaches must meet strict water quality and environmental standards. With Xylem’s water monitoring solution deployed at Shivrajpur Beach, India received the Blue Flag for this beach and seven others.

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