South & Central America Oceanographic Monitoring System Market Forecast to 2030 - Regional Analysis - by Type (Sensors, Underwater Communication System, and Buoys Observation Monitoring System) and Application (Onshore and Offshore)

South & Central America Oceanographic Monitoring System Market Forecast to 2030 - Regional Analysis - by Type (Sensors, Underwater Communication System, and Buoys Observation Monitoring System) and Application (Onshore and Offshore)

The South & Central America Oceanographic Monitoring System Market was valued at US$ 90.63 million in 2022 and is expected to reach US$ 114.42 million by 2030; it is estimated to record a CAGR of 3.0% from 2022 to 2030 .

Expansion of Maritime Activities Fuels South & Central America Oceanographic Monitoring System Market

The aquaculture and maritime transportation sectors need real-time data on oceanographic factors for safety, efficiency, and resource management. Oceanographic monitoring systems help understand the ecology of fish production zones better in real-time. With this, fish farming becomes more predictable to regulate daily activities when control-engineering principles are used for fish production, boosting the farmer's ability to monitor, control, and document biological processes in fish farms. In addition, accurate and up-to-date oceanographic information is crucial for safe navigation, port operations, and risk management with the expansion of global marine transportation. Oceanographic services offer valuable data for these objectives. For example, ocean currents data assists ships in determining the most fuel-efficient routes, avoiding strong currents and taking advantage of favorable ones. Understanding water circulation or ocean currents and sediment movement within ports aids in the design and management of shipping channels and docking facilities. Water depth information collected by systems can help authorities traverse shallow waters and locations prone to underwater hazards, lowering the chance of grounding. Accurate forecasts of storms, wind patterns, and sea state enable ships to avoid hazardous situations and plan itineraries accordingly. Further, real-time data allows ships to enter and exit ports safely while streamlining loading and unloading operations. Also, oceanographic systems can monitor changes in coastlines and detect erosion-prone locations. Thus, the expanding maritime activities is anticipated to create lucrative opportunities for the growth of the oceanographic monitoring system market during the forecast period.

South & Central America Oceanographic Monitoring System Market Overview

The South & Central America oceanographic monitoring system market is segmented into Brazil, Argentina, and the Rest of SAM. Monitoring stations are great platforms for promoting ocean literacy and public engagement. Various organizations are involved in oceanographic monitoring through various stations. For example, the Nuevo Gulf Oceanographic Station (Golfo Nuevo Estación Oceanográfica, GNEO), one of the earliest time-series oceanographic monitoring stations in Patagonia, Argentina, monitors the temporal variation of physical, chemical, and biological processes in these waters. Sampling at Puerto Madryn's pier enables evaluation of seasonal and interannual variations in temperature, nutrients, and measured pH in the water column; the dynamics of the marine plankton community (chlorophyll-a, phytoplankton, and zooplankton identification); and the intensity and concentration of dust in the atmosphere. The station has allowed temperature observation consistently since 2010. Thus, the establishment of such stations in the region creates the need for the development of oceanographic monitoring systems.

South & Central America Oceanographic Monitoring System Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Oceanographic Monitoring System Market Segmentation

The South & Central America oceanographic monitoring system market is categorized into type, application, and country.

Based on type, the South & Central America oceanographic monitoring system market is categorized into sensors, underwater communication system, and buoys observation monitoring systems. The sensors segment held the largest market share in 2022.

In terms of application, the South & Central America oceanographic monitoring system market is bifurcated into onshore, and offshore. The onshore segment held a larger market share in 2022.

By country, the South & Central America oceanographic monitoring system market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America oceanographic monitoring system market share in 2022.

MOBILIS, Sonardyne, Trelleborg Marine and Infrastructure, and Xylem are some of the leading companies operating in the South & Central America oceanographic monitoring system market.

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