Adventure And Tourism Segment Is Expected To Create Major Demand For Underwater Signaling Devices Market

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.

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Underwater Signaling Devices: Market Segmentation
On the basis of industry, the global Underwater Signaling Devices has been segmented as:

Oil & Gas
Marine
Adventure & Tourism
Others
On the basis of type, the global underwater signaling devices has been segmented as:

Visual underwater signaling devices
Audible underwater signaling devices
On the basis of depth, the global Underwater Signaling Devices has been segmented as:

Deep Water
Shallow Water

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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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