Oceanographic Monitoring System Market: Information by Type (GPS Ocean Tsunami Meter, Multi-functional Observation Buoys), Application (Off-Shore, On-Shore), and Region — Forecast till 2029

The need to monitor water ecosystems drives the oceanographic monitoring system market. An oceanographic monitoring system comprises various other systems, such as a GPS ocean tsunami meter, observation monitoring, remote sensors, and data gathering systems. It can gauge water ecosystems and marine life and collect real-time data regarding earthquakes, high tides, and tsunamis. Thus, oceanographic monitoring systems are vital in sending out alerts and preventing fatalities. They are also helpful in detecting hurricanes and underwater disturbances near the coasts. Intensive R&D and the innovation of new techniques for monitoring water environments offer ample opportunities for the oceanographic monitoring system market.

Increasing Number of Onshore & Offshore Energy Farms

On one hand, the ever-growing population and rising industrialization are accelerating the demand for energy, and on the other, environmental concerns and depleting fossil fuel reserves are intensifying the need for shifting to clean energy. Thus, renewable resources are garnering widespread attention in power generation, such in the case of offshore energy farms.

The International Energy Agency (IEA) projects wind will account for more than 25% of the world’s energy consumption by 2035. Europe has been a frontrunner in offshore wind technology, with more than 88% of the global offshore wind plants. Further, the number of offshore wind plants is exponentially growing in the region, and the wind is expected to account for around 7–11% of the EU’s electricity consumption by 2030.

The use of innovative and advanced oceanographic sensing and monitoring systems helps lower maintenance and facilitate operations in energy generation. Moreover, these collect data and diagnose it for further oceanography study. The installation of offshore wind turbines could have long-term consequences on marine life — the construction noise could displace some fish and marine mammals, thereby creating a need for the continuous monitoring and study of marine ecosystems to minimize unwanted impacts. The global shift toward renewable energy and the large-scale deployment of offshore wind farms are expected to bolster the demand for water monitoring systems around the globe.

Changing Environmental and Climatic Conditions

Marine ecosystems exhibit varied environmental conditions. The changing global environment and rising pollution levels have seen an increase in the number of natural calamities, such as tsunamis, hurricanes, and cyclones. As per statistical figures published in a study in 2018, more than 20,000 earthquakes occur each year, which has substantially increased the number of tsunamis occurring around the globe. Globally, governments are investing in and adopting oceanographic monitoring systems to prevent the destruction and damage caused by these natural disasters.

Request For Sample Report : https://straitsresearch.com/report/oceanographic-monitoring-system-market/request-sample

Advanced IoT Systems in Monitoring Devices

Internet of Things (IoT) has enhanced the effectiveness of traditional marine monitoring systems. Earlier, monitoring of the world’s oceans and ecosystems was dependent on earth’s observation satellites, and recently, the integration of IoT in all oceanographic monitoring devices has enabled us to tackle climate change and pollution. IoT based monitoring systems also aid in homeland security for tracking movements at sea. The Defense Advanced Research Projects Agency (DARPA) of the U.S. has adopted IoT-based oceanographic monitoring systems for its Ocean of Things (OoT) program for monitoring maritime situations.

The deployment of advanced oceanographic monitoring systems is cost-effective. Additionally, these devices are designed as small floats, which enables the formation of a distributed sensor network for sea data, commercial vessel activities, marine temperature, and many other activities. The emergence of manned and unmanned sensors to monitor coastal activities will further augment the demand for oceanographic monitoring systems around the globe.

Segmentation Overview

Our analysis concludes the global oceanographic monitoring system market is still in the early stages of development, and the opportunity to predict floods, tsunamis, high tides, and the cost of maintenance is expected to propel the demand for these systems in years to come.

Offshore Activities: The Largest Consumer of Oceanographic Monitoring Systems

The use of monitoring systems for offshore activities and the marine ecosystem is expected to account for the largest value share by the application during the forecast period. The rising importance of oceanography and research in marine biology drives the demand for these systems. Pollution and plastic debris have driven some marine mammals to extinction, which has increased the importance of aquatic life sensors and IoT observation buoy solutions to combat plastic pollution in the sea.

Onshore activities are gradually adopting oceanographic monitoring instruments backed by technologically advanced systems. The emergence of autonomous deep-sea sensors has gained traction among deep-water oil and gas plant owners, and they are widely used for noise monitoring and mammal detection during offshore plant construction.

Regional Analysis

North America Dominates the Global Market, against a Backdrop of Rising Public Investments and Stringent Regulatory Frameworks

North America dominates the global oceanographic monitoring system, supported by government funding for environmental protection initiatives and stringent regulations by the U.S. Environmental Protection Agency (EPA) on water quality. In the U.S., public investments in establishing a network of environmental monitoring systems are rising. Moreover, the adoption of advanced observing technologies for marine science and data collection is significantly contributing to the growth of the oceanographic monitoring system market.

The Ocean 2.0 program by Ocean Networks Canada (ONC) for building digital infrastructure in the ocean is encouraging the development of IoT for the sea. The aim of the organization is to extend the internet to the ocean for real-time data collection for scientists and pioneers, helping them in making decisions for changing climate, marine safety, and natural disaster detection.

Asia-Pacific Market to Grow on Account of the Need for Detecting Natural Calamities in Countries Prone to Earthquakes and Tsunamis

Asia-Pacific accounts for a substantial value share in the global oceanographic monitoring system. Several countries in the region, such as Indonesia and Japan, are prone to frequent earthquakes and tsunamis. Thus, governments channelize efforts for the implementation of advanced technologies, such as oceanographic monitoring systems, to identify potential environmental calamities and minimize loss of life with timely warnings.

Increasing Oil and Gas Exploration Activities to Strengthen Demand in Europe

The demand for oceanographic monitoring systems in Europe is growing at an exponential rate due to the presence of oil and gas fields. In 2020, Russia leaked 20,000 tons of diesel in the Arctic Circle, an incident that has prompted the use of oceanographic monitoring systems to measure the scale and effects of the spill. Therefore, increasing oil and gas exploration activities are expected to bolster the oceanographic monitoring system market in the region.

Key Players

Key players in the market are focusing on developing new systems as per project needs and enhancing their existing systems with novel technologies. Vendors are significantly investing in R&D to develop new monitoring systems and actively participating in trade fairs to showcase their products. For instance, in 2019, Valeport developed SWiFT SVP & SWiFTplus with other monitoring instruments for showcasing at Ocean Business 19.

Some of the key players profiled in the global oceanographic monitoring system market report are Hitachi Zosen, Sea & Stream, Seatools, Global Ocean Security Technologies, Valeport, Aanderaa, Osil, SonTek, Sonardyne, and Tideland Signal.
Buy Now : https://straitsresearch.com/buy-now/oceanographic-monitoring-system-market/global/

Oceanographic Monitoring System Market Segmentation

By Type

GPS Ocean Tsunami Meters
Multi-functional Observation Buoys
Observation Monitoring Systems
Wave and Tide Sensors
Others
By Application

Off-Shore
On-Shore
Lake
Others
Deep Water Instrumentation
By Region

North America
Europe
Asia-Pacific
South America
The Middle East
Africa

Contact Us:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 6464807505, +44 203 318 2846
Website: https://straitsresearch.com/

About Us :
StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.

This release was published on openPR.