The Buoys And Beacon Market size is estimated at USD 102.48 million in 2024, and is expected to reach USD 122.52 million by 2029, growing at a CAGR of 3.80% during the forecast period (2024-2029).
The buoys and beacon market is fragmented and marked by the presence of several market players competing on both national and international levels to gain market share. Some of the prominent players in the buoys and beacon market are James Fisher and Sons plc (Fendercare), Sealite Pty Ltd, Mobilis, Rolyan Buoys (Performance Health Holding, Inc.), and Xylem, amongst others.
Moreover, the key players in the market are focused on the development of advanced buoys and beacon systems, which will be installed at various locations around the world. Growing expenditure on research and development towards manufacturing advanced buoys and beacon systems will lead to creating better opportunities in the near future.
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