The global marine sensors market is set to gain impetus from their increasing usage in measuring the properties of seawater in the field of oceanography. Fortune Business Insights™ presented this information in an upcoming report, titled, “Marine Sensors Market Size, Share & Industry Analysis, By Component (Acoustic, Sensors, Magnetic Sensors, Sonars, Pressure Sensors, Temperature Sensors, Flow and Level Sensors), By Application (Intelligence & Reconnaissance, Target Recognition, Command & Control) and Regional Forecast 2024-2027.” The report further states that marine sensors are used to measure the temperature of the engine oil, hydroacoustic currents, pressure flow of water, sound velocity, and turbidity of water.
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What Does This Report Contain?
The report provides intelligent insights on new product developments, R&D activities, and future technologies. At the same time, it delivers elaborate information about recent investments, developments, and untapped geographies. Besides, our analysts have conducted an assessment of manufacturing capabilities, strategies, and shares of prominent companies.
Drivers & Restraints-
Increasing Demand for Thermometric Marine Sensors to Boost Growth
The high demand for thermometric marine sensors for lowering the temperature of marine engines is likely to aid growth. Besides, the rising need to monitor the temperature of the engine oil is anticipated to propel the marine sensors market growth in the near future. Also, the high demand for new generation missiles and air defense systems featuring anti-jamming capabilities and novel sensors in naval vessels would accelerate growth. However, marine sensors have complex designs, which, in turn, may obstruct growth.
A list of all the prominent marine sensors manufacturers operating in the global market:
- BAE Systems PLC (The U.K)
- Garmin Ltd. (The U.S.)
- Gill Instruments (India)
- Honeywell International Inc. (The U.S.)
- Lockheed Martin Corporation (The U.S.)
- NRG Systems Inc. (The U.S.)
- Raytheon Company (The U.S.)
- Saab AB ( Sweden)
- Thales Group( France)
- Other key market players
Regional Insights-
North America to Remain at Forefront Fueled by Need to Develop Underwater Electronics Support Facility
North America is set to generate the highest marine sensors market share in the upcoming years. This growth is attributable to the surging usage of marine sensors in Canada and the U.S. for setting up a new underwater electronics support facility.
Asia Pacific, on the other hand, is anticipated to show the fastest growth owing to the rising focus of China on developing deep ocean pressure recorders. They will aid the country to detect tsunamis. Besides, in India, the government is striving to create an innovative network of ambient noise measurement stations in shallow waters. In Europe, the presence of numerous marine sensor manufacturers in the U.K., France, and Germany would accelerate growth.
Competitive Landscape-
Key Players Focus on Unveiling State-of-the-art Sensors to Gain a Competitive Edge
The global market for marine sensors contains a large number of renowned companies. They are extensively focusing on research and development activities to develop technologically advanced products. Some of the others are trying to gain a competitive edge by winning new orders from reputed firms.
Below are the two latest industry developments:
- January 2024: Warwick Control Technologies introduced a new Simulation Kit for enabling users to stimulate LIN, CAN FD, and CAN networks and devices. These higher layer protocols will be used for broadcasting data from marine sensors.
- December 2024: Ocean Infinity placed an order for Sonardyne sensors, especially meant for its robotic vessels. Sonardyne will deliver unique sensor technologies for underwater platform communications, control, tracking, and navigation.
Information Source:
https://www.fortunebusinessinsights.com/marine-sensors-market-103541
