Underwater Sensors Market
Growth Factors of Underwater Sensors Market
The underwater sensors market size was valued at USD 1.26 billion in 2023, and the market is now projected to grow from USD 1.34 billion in 2024 to USD 2.30 billion by 2032, exhibiting a CAGR of 7.0% during the forecast period of 2024-2032.
To spotlight the COVID-19 effect on the market, each tremendous and negative scenario had been witnessed. Factors along with technological improvements, adoption of virtual and records solutions, and expanded attention on environmental tracking and research operations undoubtedly encouraged the marketplace. However, delivery chain disruptions and a loss of skilled professionals negatively impacted the general marketplace.
Autonomous Underwater Vehicles (AUVs) and Remotely Operated Vehicles (ROVs) may be ready with quite a few underwater sensors to assist them carry out duties related to their missions, including mapping, navigation, or environmental tracking. AUVs and ROVs may also growth operational protection, lessen the ecological impact of tracking sports, and reduce the number workers at sea. Their usefulness and potential within the army network were more advantageous by using advances in generation in AUVs and ROVs.
The full-size upward push in international protection expenses is because of security concerns, issues about contested areas and threats. The navy is using AUVs, IJUVs, and ROVs for mine countermeasures, fast environmental checks, intelligence, surveillance, reconnaissance, harbor safety and port clearance operations, and antisubmarine conflict. Consequently, to fight the dangers of submarine security, these cars are predicted for use more often over time in advance. A key trend for underwater sensors market growth is the expected sturdy demand for reliable, fast, and secure communication in homeland security and defense. To make certain reliable and steady conversation, organizations increasingly use sensor-based acoustic communication exchange solutions from maritime protection structures.
Comprehensive Analysis of Underwater Sensors Market
The market for underwater sensor technology is divided into various types, with acoustic sensors holding the highest market share in 2023 due to their increasing popularity in underwater navigation, oceanographic studies, and monitoring marine life. The wireless segment is expected to maintain its dominance, with companies launching advanced sensor solutions. The surveillance & monitoring segment, with advanced underwater sensor solutions, is expected to gain the most market share due to its applications in underwater terrain mapping, marine ecosystem study, and defense operations. The market is also expected to grow at a CAGR of over 9.1% in the coming years, particularly in the military & defense sector, oil & gas sector, oceanic research, and healthcare sectors.
The North America region lead the underwater sensors market share by benefitting a market size of USD 0.43 billion in 2023 due to the regional market has a mature oil and gasoline sector, with sizable offshore projects taking location inside the Gulf of Mexico. Due to safety regulations and the need for asset integrity, there were important investments in underwater monitoring structures in the area.
Key players in the market are acquiring and collaborating with small-scale market experts to expand their team, product expertise, and market positions. They are also enriching their distributor and reseller ecosystem to expand their global reach. Leading players are also launching new sensors with improved features to cater to evolving end-user requirements. Key companies include Amphenol Corporation, Teledyne Technologies Incorporated, Meteksan Defence Industry_lnc, Seatools B.V., Impact Subsea Ltd., Covelya Group Limited, Gill Sensors & Controls Limited, Standex International Corp., Massa Products Corporation.
March 2024: Teledyne agreed to acquire Valeport Holdings Limited and its affiliates. The obtained business enterprise is based totally in Totnes, U.K., and it specializes in presenting marketplace-related sensors for energy, environmental, creation, and defense use cases. The suite of complementary sensors consists of modern and drift meters, sound velocity probes, and intensity, conductivity, and temperature sensors. Teledyne expects that Valeport's addition to Teledyne Marine may have a wonderful effect on its technological services and additionally amplify its technological
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.0% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Sensor Type
- Pressure Sensor
- Acoustic Sensor
- Proximity Sensor
- Radar Sensor
- Motion Sensor
- Sonar
- Others (Flow sensor, Level Sensor, Image Sensor)
- Wired
- Wireless
- Surveillance & Monitoring
- Target Recognition
- Climate Recording
- Pollution Control
- Others (Fuel and propulsion System)
- Aquaculture
- Military & Defense (Submarines)
- Oil & Gas Sector
- Oceanic Research
- Others (Healthcare, Marine Institutions)
- North America (By Sensor Type, Connectivity, Application, End-user, and Country)
- Canada
- Mexico
- South America (By Sensor Type, Connectivity, Application, End-user, and Country)
- Argentina
- Rest of South America
- Europe (By Sensor Type, Connectivity, Application, End-user, and Country)
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
- Middle East & Africa (By Sensor Type, Connectivity, Application, End-user, and Country)
- Israel
- GCC
- North Africa
- South Africa
- Rest of MEA
- Asia Pacific (By Sensor Type, Connectivity, Application, End-user, and Country)
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of Generative AI
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Underwater Sensors Key Players Market Share/Ranking, 2023
- 5. Global Underwater Sensors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Sensor Type (USD)
- 5.2.1. Pressure Sensor
- 5.2.2. Acoustic Sensor
- 5.2.3. Proximity Sensor
- 5.2.4. Radar Sensor
- 5.2.5. Motion Sensor
- 5.2.6. Sonar
- 5.2.7. Others (Flow sensor, Level Sensor, Image Sensor, etc.)
- 5.3. By Connectivity (USD)
- 5.3.1. Wired
- 5.3.2. Wireless
- 5.4. By Application (USD)
- 5.4.1. Surveillance & Monitoring
- 5.4.2. Target Recognition
- 5.4.3. Climate Recording
- 5.4.4. Pollution Control
- 5.4.5. Others (Fuel and propulsion System, etc.)
- 5.5. By End-user (USD)
- 5.5.1. Aquaculture
- 5.5.2. Military & Defense (Submarines)
- 5.5.3. Oil & Gas Sector
- 5.5.4. Oceanic Research
- 5.5.5. Others (Healthcare, Marine Institutions, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. South America
- 5.6.3. Europe
- 5.6.4. Middle East & Africa
- 5.6.5. Asia Pacific
- 6. North America Underwater Sensors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Sensor Type (USD)
- 6.2.1. Pressure Sensor
- 6.2.2. Acoustic Sensor
- 6.2.3. Proximity Sensor
- 6.2.4. Radar Sensor
- 6.2.5. Motion Sensor
- 6.2.6. Sonar
- 6.2.7. Others (Flow sensor, Level Sensor, Image Sensor, etc.)
- 6.3. By Connectivity (USD)
- 6.3.1. Wired
- 6.3.2. Wireless
- 6.4. By Application (USD)
- 6.4.1. Surveillance & Monitoring
- 6.4.2. Target Recognition
- 6.4.3. Climate Recording
- 6.4.4. Pollution Control
- 6.4.5. Others (Fuel and propulsion System, etc.)
- 6.5. By End-user (USD)
- 6.5.1. Aquaculture
- 6.5.2. Military & Defense (Submarines)
- 6.5.3. Oil & Gas Sector
- 6.5.4. Oceanic Research
- 6.5.5. Others (Healthcare, Marine Institutions, etc.)
- 6.6. By Country (USD)
- 6.6.1. United States
- 6.6.2. Canada
- 6.6.3. Mexico
- 7. South America Underwater Sensors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Sensor Type (USD)
- 7.2.1. Pressure Sensor
- 7.2.2. Acoustic Sensor
- 7.2.3. Proximity Sensor
- 7.2.4. Radar Sensor
- 7.2.5. Motion Sensor
- 7.2.6. Sonar
- 7.2.7. Others (Flow sensor, Level Sensor, Image Sensor, etc.)
- 7.3. By Connectivity (USD)
- 7.3.1. Wired
- 7.3.2. Wireless
- 7.4. By Application (USD)
- 7.4.1. Surveillance & Monitoring
- 7.4.2. Target Recognition
- 7.4.3. Climate Recording
- 7.4.4. Pollution Control
- 7.4.5. Others (Fuel and propulsion System, etc.)
- 7.5. By End-user (USD)
- 7.5.1. Aquaculture
- 7.5.2. Military & Defense (Submarines)
- 7.5.3. Oil & Gas Sector
- 7.5.4. Oceanic Research
- 7.5.5. Others (Healthcare, Marine Institutions, etc.)
- 7.6. By Country (USD)
- 7.6.1. Brazil
- 7.6.2. Argentina
- 7.6.3. Rest of South America
- 8. Europe Underwater Sensors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Sensor Type (USD)
- 8.2.1. Pressure Sensor
- 8.2.2. Acoustic Sensor
- 8.2.3. Proximity Sensor
- 8.2.4. Radar Sensor
- 8.2.5. Motion Sensor
- 8.2.6. Sonar
- 8.2.7. Others (Flow sensor, Level Sensor, Image Sensor, etc.)
- 8.3. By Connectivity (USD)
- 8.3.1. Wired
- 8.3.2. Wireless
- 8.4. By Application (USD)
- 8.4.1. Surveillance & Monitoring
- 8.4.2. Target Recognition
- 8.4.3. Climate Recording
- 8.4.4. Pollution Control
- 8.4.5. Others (Fuel and propulsion System, etc.)
- 8.5. By End-user (USD)
- 8.5.1. Aquaculture
- 8.5.2. Military & Defense (Submarines)
- 8.5.3. Oil & Gas Sector
- 8.5.4. Oceanic Research
- 8.5.5. Others (Healthcare, Marine Institutions, etc.)
- 8.6. By Country (USD)
- 8.6.1. United Kingdom
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Italy
- 8.6.5. Spain
- 8.6.6. Russia
- 8.6.7. Benelux
- 8.6.8. Nordics
- 8.6.9. Rest of Europe
- 9. Middle East & Africa Underwater Sensors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Sensor Type (USD)
- 9.2.1. Pressure Sensor
- 9.2.2. Acoustic Sensor
- 9.2.3. Proximity Sensor
- 9.2.4. Radar Sensor
- 9.2.5. Motion Sensor
- 9.2.6. Sonar
- 9.2.7. Others (Flow sensor, Level Sensor, Image Sensor, etc.)
- 9.3. By Connectivity (USD)
- 9.3.1. Wired
- 9.3.2. Wireless
- 9.4. By Application (USD)
- 9.4.1. Surveillance & Monitoring
- 9.4.2. Target Recognition
- 9.4.3. Climate Recording
- 9.4.4. Pollution Control
- 9.4.5. Others (Fuel and propulsion System, etc.)
- 9.5. By End-user (USD)
- 9.5.1. Aquaculture
- 9.5.2. Military & Defense (Submarines)
- 9.5.3. Oil & Gas Sector
- 9.5.4. Oceanic Research
- 9.5.5. Others (Healthcare, Marine Institutions, etc.)
- 9.6. By Country (USD)
- 9.6.1. Turkey
- 9.6.2. Israel
- 9.6.3. GCC
- 9.6.4. North Africa
- 9.6.5. South Africa
- 9.6.6. Rest of MEA
- 10. Asia Pacific Underwater Sensors Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Sensor Type (USD)
- 10.2.1. Pressure Sensor
- 10.2.2. Acoustic Sensor
- 10.2.3. Proximity Sensor
- 10.2.4. Radar Sensor
- 10.2.5. Motion Sensor
- 10.2.6. Sonar
- 10.2.7. Others (Flow sensor, Level Sensor, Image Sensor, etc.)
- 10.3. By Connectivity (USD)
- 10.3.1. Wired
- 10.3.2. Wireless
- 10.4. By Application (USD)
- 10.4.1. Surveillance & Monitoring
- 10.4.2. Target Recognition
- 10.4.3. Climate Recording
- 10.4.4. Pollution Control
- 10.4.5. Others (Fuel and propulsion System, etc.)
- 10.5. By End-user (USD)
- 10.5.1. Aquaculture
- 10.5.2. Military & Defense (Submarines)
- 10.5.3. Oil & Gas Sector
- 10.5.4. Oceanic Research
- 10.5.5. Others (Healthcare, Marine Institutions, etc.)
- 10.6. By Country (USD)
- 10.6.1. China
- 10.6.2. India
- 10.6.3. Japan
- 10.6.4. South Korea
- 10.6.5. ASEAN
- 10.6.6. Oceania
- 10.6.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Amphenol Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Teledyne Technologies Incorporated.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Meteksan Defence Industry Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Seatools B.V.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Impact Subsea Ltd.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Covelya Group Limited
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Gill Sensors & Controls Limited
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Standex International Corp
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Massa Products Corporation
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Holykell Sensor Inc.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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