Global Acoustic Doppler Current Profilers (ADCP) Market Research Report 2024(Status and Outlook)

Global Acoustic Doppler Current Profilers (ADCP) Market Research Report 2024(Status and Outlook)

Report Overview

An acoustic Doppler current profiler (ADCP) is a hydroacoustic current meter similar to a sonar, attempting to measure water current velocities over a depth range using the Doppler effect of sound waves scattered back from particles within the water column. The term generic ADCP is a term for all acoustic current profilers although the abbreviation originates from an instrument series introduced by RD Instruments in the 1980s. The working frequencies range of ADCPs range from 38 kHz to several Megahertz.

The global Acoustic Doppler Current Profilers (ADCP) market size is projected to reach US$ 136.97 Million by 2028, from US$ 101.29 million in 2021, at a CAGR of 4.64% during 2022-2028. The excellent characteristics of ADCP bring more Usage will be an important driver of the market. ADCP has the characteristics of time saving, high resolution, high precision, massive and complete information, and low energy consumption, and is especially suitable for testing under complex flow conditions; it can perform three-dimensional measurement of flow velocity and direction; it can automatically eliminate the influence of environmental factors, and automatically Eliminate data with poor quality; can obtain the concentration profile of suspended matter, and provide a reliable data source for calculating the sediment transport rate and studying the law of sediment transport; especially can measure the interstitial flow rate between pebbles at the bottom of the water, which is a traditional measurement method. Streams simply can't do that.

Based on the above characteristics, ADCP has been applied in hydrological surveys of rivers, lakes, and oceans. With the rise of maritime commerce and transportation, activities such as fishery production and hydrological testing become more and more frequent, the importance of ADCP is getting higher and higher, and its growing demand has become an important driving force for the market. In addition, the development of offshore oil and gas exploration, the demand for port monitoring and ADCP have also played an important role in promoting the development of the ADCP market.

At the same time, increasing demand from governments around the world for water body surveying and mapping will drive the ADCP market. In terms of national defense construction, ocean current data are required for maritime operations, submarine activities, anti-submarine warning, shipbuilding, and marine military industry. ADCP provides more realistic insight into developments in the surrounding waters. As a result, there is an increased demand for hydrographic measurements by defense organizations across the globe. On the other hand, efforts by regional governments of countries with developed and developing economies such as the United States, India, China, and Russia to increase bathymetric data for the maritime shipping industry are creating significant business opportunities at the global level. Increased marine hydrological observation activities have created greater demand for ADCP-related equipment. These countries and their associated organizations such as the US National Oceanic and Atmospheric Administration (NOAA), the UK Hydrographic Office (UKHO) and Hydrographic International (HO) are releasing their long-term plans to survey most of the water bodies around them.

According to the type division, Acoustic Doppler Current Profilers can be divided into 2 Beams ADCP, 3 Beams ADCP, 4 Beams ADCP, 5 Beams ADCP, Others. In 2021, the market size of 4 Beams ADCP type occupies the main market share and has reached 61.10%, becoming the most important ADCP product type. Meanwhile, the 4-beams ADCP type still maintains its dominance over the market during the forecast period.

From the perspective of application scenarios, Acoustic Doppler Current Profilers can be divided into Bottom Tracking, Discharge Measurements, DVL, Wave Measurements, Turbulence. Among them, the market size of the Bottom Tracking sector accounts for the highest proportion, and has reached 35.78% in 2021. By adjusting the window over which the Doppler shift is calculated, the relative velocity between the instrument and the bottom can be measured. This capability, known as bottom tracking, provides the basis for current surveys in coastal areas.

According to the types of consumers, Acoustic Doppler Current Profilers can be divided into Science and Research, Defense, Commercial, Surveying/standalone and Subsea Navigation, Others. Among them, the two departments of Science and Research and Commercial accounted for more than 50% of the market share. ADCP has a wide range of applications in the national economy, mainly including navigation traffic, fishery production, marine development and utilization, and environmental protection. At the same time, ADCP's high resolution and ability to collect data deep inside the ocean make it widely used in related scientific research.

On basis of geography, the Acoustic Doppler Current Profilers (ADCP) market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. about 30% of the market share. The market size of Asia-Pacific will grow at the highest CAGR of 6.76% during the forecast period.

Currently, the HHI of the Acoustic Doppler Current Profiler market is 29.36%, showing a very high market concentration. The global giant manufacturers are mainly distributed in the United States and the European Union. The top three manufacturers, namely Teledyne Marine (United States), Nortek (Norway) and SonTek (United States), occupy more than 80% of the global market share. The main consumer markets are located in developed countries. The growth rate of China's consumer market is relatively fast, with a compound annual growth rate of 3.7%. We tend to think that this industry is becoming more and more mature, and consumption growth will show a smooth curve. Key players in the market include Teledyne Marine, Nortek, Xylem Inc., Sonardyne, Aanderaa Data Instruments, Rowe Technologies, Inc, HaiYing Marine, LinkQuest, SatLab.

This report provides a deep insight into the global Acoustic Doppler Current Profilers (ADCP) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Acoustic Doppler Current Profilers (ADCP) Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Acoustic Doppler Current Profilers (ADCP) market in any manner.

Global Acoustic Doppler Current Profilers (ADCP) Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Teledyne Marine

Nortek

Xylem Inc.

Sonardyne

Aanderaa Data Instruments

Rowe Technologies, Inc

HaiYing Marine

LinkQuest

SatLab

Market Segmentation (by Type)

2 Beams ADCP

3 Beams ADCP

4 Beams ADCP

5 Beams ADCP

Others

Market Segmentation (by Application)

Bottom Tracking

Discharge Measurements

DVL

Wave Measurements

Turbulence

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Acoustic Doppler Current Profilers (ADCP) Market

Overview of the regional outlook of the Acoustic Doppler Current Profilers (ADCP) Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Acoustic Doppler Current Profilers (ADCP) Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.