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Underwater Signaling Devices Market by Key Market Participants: XS Scuba, DiveAlert, Oceanears, SCUBAPRO, AQUATEC - DUTON INDUSTRY CO., LTD., Lancaster Scuba Center, Innovative Scuba Concepts, Scuba Max and other players

02-11-2019 08:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

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Underwater Signaling Devices Market by Key Market

Underwater Signaling Devices: Introduction

Underwater signaling devices are used as a means of communication between divers engaged in underwater activities. Deep sea and oceans are largely unexplored and are occupied by unknown and unpredictable marine life creatures, making communicating underwater an essential part for any underwater activity. Underwater signaling devices help divers to stay alert while approaching aquatic animals or any unforeseen danger. Being able to communicate with fellow divers, especially in case of emergencies, is very important for underwater diving activities. Hence, the signaling devices form an essential part of diving kits. The two types of underwater signaling devices that are mainly used by divers are visual and audible. Visual underwater signaling devices mainly use strobe or other types of lights to signal or gain the attention of fellow divers, while the audible underwater signaling devices use sound. The type of device used depends on various factors, such as time of day (day or night), environment and circumstance. Visual underwater signaling devices are used when it’s dark or in presence of aquatic animals, while audible underwater signaling devices are more preferred in case of extreme emergencies as they often annoy fellow divers or animals in the vicinity.

Underwater signaling devices are used by divers involved in scuba diving, navy, marine activities, underwater installations of pipelines and subsea operations in oil and gas industry. Often, underwater signaling devices can be the difference between life and death for the divers involved in marine activities.

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Underwater Signaling Devices: Dynamics

Adventure and tourism segment will create major demand for underwater signaling devices as adventure activities, such as scuba diving and snorkeling, are gaining more popularity among tourists, especially millennials. This, in turn, is giving rise to more and more scuba diving centers around the world. Within the oil and gas industry, offshore field developments are on the rise given the exponential increase in the number of new fields discovered in North Sea, Gulf of Mexico and in the Pacific waters. Offshore installations require the use of divers and Remotely Operated Vehicles (ROVs) for the execution of various projects. Hence, underwater signaling devices will witness greater demand from the oil and gas industry segment. Given their discreet nature, underwater signaling devices are also used by navy personnel engaging in complex underwater missions, but will account for the lowest market share.

Since, underwater signaling devices are essential for all underwater marine activities, there are not many factors challenging the growth of the market. However, audible devices may face some challenge as they annoy fellow divers during scuba diving activities and scare off animals.

Underwater Signaling Devices: Regional Overview

North and Latin America have some of the best scuba diving locations spread across Mexico, Ecuador, Honduras and Belize and with the Gulf of Mexico being one of the most active offshore locations in the oil and gas industry, both regions will occupy strong market share for underwater signaling devices. Increased oil and gas activity in North Sea coupled with great adventure locations along the coastal line will help boost the underwater signaling devices market in Western Europe. Asia-Pacific will also witness decent growth in the underwater signaling devices market given the presence of various islands and booming oil and gas activity in the Pacific waters. Middle East and Africa will register lowest growth in the underwater signaling devices market during the forecast period.

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Global Underwater Signaling Devices: Key Players

Examples of some of the market participants identified across the value chain of the global Underwater Signaling Devices are: 

XS Scuba
DiveAlert
Oceanears
SCUBAPRO
AQUATEC - DUTON INDUSTRY CO., LTD.
Lancaster Scuba Center
Innovative Scuba Concepts
Scuba Max
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