Marine Acoustic Sensors Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.46 Billion |
| Market Size (2029) | USD 1.99 Billion |
| CAGR (2024 - 2029) | 6.41 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Marine Acoustic Sensors Market Analysis
The Marine Acoustic Sensors Market size is estimated at USD 1.46 billion in 2024, and is expected to reach USD 1.99 billion by 2029, growing at a CAGR of 6.41% during the forecast period (2024-2029).
Marine acoustic sensors are used in small devices in various ship types for real-time data collection and environmental monitoring. These devices come in a broad variety of forms with numerous uses. Marine acoustic sensors are used for marine life detection, monitoring, and other purposes.
- The Internet of Things (IoT) technology has been presented as a recent intelligent work technical revolution concept. The marine industry will have access to a broad range of opportunities due to the rapidly increasing rush of acoustic sensor technology applications and the capabilities of low-cost computing components.
- Docks are being supported globally in solitary networks to support their cloud-based IoT due to the rapid adoption of IoT in global marine technology. An intelligent and smart port can be described as fully automated, with all devices connected via an IoT smart port. It comprises a network of intelligent sensors, including acoustic sensors and wireless devices that make the central infrastructure of a smart port.
- The rising technological-based acoustic sensors for military ships, submarines, and vessels to guard and give them real-time situational awareness are boosting the market growth during the forecast period.
- The marine acoustic sensors allow the integration of signal processing and sensor functions within one product. However, acoustic sensors have faced operational challenges like inadequate stability and reliability, impacting their adoption growth.
- Increased investments in R&D activities by leading shipbuilders and system developers globally for expanding fully autonomous ships have increased the need for marine acoustic sensors. Autonomous ships are estimated to launch as sustainable, safe, and efficient modes of process for the marine industry.
Marine Acoustic Sensors Market Trends
Underwater Transducer to Hold Major Share in the Product Segment
- An underwater transducer is a device that converts one form of energy to another underwater. Marine technology often refers to devices that can convert electrical signals into sound waves (actuators) or sound waves into electrical signals (sensors). While hydrophones are a specific type of underwater transducers used for sound detection, other underwater transducers can serve different purposes, such as emitting sonar signals or generating vibrations for various applications.
- Several experiments and projects in underwater transmission are happening, further driving the underwater transducer segment. For instance, in November 2022, the NTT Corporation, NTT DOCOMO, INC, and NTT Communications Corporation performed a joint experiment on achieving broadband wireless communication for various marine activities. It succeeded at 1-Mbps/300-m underwater transmission in a shallow sea area (water depth of about 30 m) using underwater acoustic communication in field experiments.
- Various product innovations, developments, and collaborations with the defense sector are also driving the studied segment. For instance, in May 2023, In collaboration with the US Navy, Teledyne Marine completed the first-ever successful undersea glider deployment from a helicopter, marking the first time an autonomous underwater vehicle (AUV) was successfully launched from an aircraft. The Teledyne Slocum glider is a long-endurance AUV for multiple persistent operational missions. The Naval Oceanographic Office (NAVOCEANO) pilots the LBS gliders and includes collected data supporting Navy operations.
- In 2023, SIPRI reported that the United States' military expenditure made up 37 percent of global military expenditure.
North America Holds Significant Market Share
- An increase in the adoption of underwater communication in navel defense, an increase in autonomous underwater vehicles, and a surge in the need for scientific exploration and data collection are the key factors driving the growth of the underwater communication systems market in North America, further driving the market studied.
- Autonomous underwater vehicles have become mainstream for the military, navy, and coastal security forces, especially subsea operations. The US Navy extensively uses these vehicles for various applications, such as mine countermeasures (MCM), intelligence, surveillance and reconnaissance, identification (ID), and anti-submarine warfare (ASW). The Navy has accelerated acquisition strategies for the faster purchase of underwater vehicles to counter significant challenges from China.
- During the peak time of the pandemic, US Naval Sea Systems Command Washington signed a contract worth USD 11.1 million with Boeing to upgrade naval operations. The company was expected to upgrade for future naval operations such as guidance and control, navigation, situational awareness, mission sensors, population, and core communication. For instance, at the same time, the US Navy signed a contract worth USD 43 million with Boeing to develop an Orca Extra Large Unmanned Undersea Vehicle (XLAUV).
- In August 2022, the Department of Defense's Industrial Base Policy Office launched a pioneering manufacturing pilot program through the Defense Production Act (DPA) Title III Program with the Austin Center for Manufacturing and Innovation (ACMI) in Austin, Texas. The first-of-its-kind pilot program was expected to focus on advanced manufacturing technology for commercial and military applications that can be rapidly scaled to production. These developments in military applications may also drive the market studied for the region.
- The increase in defense expenses may also drive the market studied. For instance, according to the US Congressional Budget Office, defense spending in the United States is predicted to increase yearly until 2033. Defense outlays in the United States are expected to increase up to USD 1.1 trillion in 2033.
Marine Acoustic Sensors Industry Overview
The market studied is fragmented with the presence of major players like BAE Systems PLC, Garmin Ltd, Teledyne Marine Technologies (Teledyne Technologies Incorporated), Ocean Sonics Ltd, and Geospectrum Technologies Inc. Players in the market studied are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- June 2023 - Thales reinforced its collaboration with the Italian Navy by inaugurating a new integrated service center at the La Spezia naval base. This center will serve as the exclusive service partner of the Navy for the upkeep of sonar systems installed on minesweeper vessels and the waterfront support of frigate vessels operating in the Naval Bases of Naples and Taranto.
- In January 2023, the company announced the acquisition of a new GaviaOsprey AUV by the Royal Netherlands Institute for Sea Research (NIOZ). NIOZ is the Netherlands' national oceanographic institute conducting multidisciplinary applied marine research to address major scientific questions about the company's oceans and seas. NIOZ studies the ocean's role in changing climate from equator to pole, from the continental shelf to the deep ocean, and from present to past.
Marine Acoustic Sensors Market Leaders
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BAE Systems PLC
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Garmin Ltd
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Teledyne Marine Technologies (Teledyne Technologies Incorporated)
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Ocean Sonics Ltd
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Geospectrum Technologies Inc.
*Disclaimer: Major Players sorted in no particular order
Marine Acoustic Sensors Market News
- June 2023: RPS presented Neptune, the predictive algorithm for accurately and reliably detecting marine mammal vocalizations. The sub-sea sound emitted during the in-field development of offshore wind and oil and gas exploration efforts can potentially negatively impact marine mammals, causing temporary and permanent hearing loss, disrupted feeding and breeding cycles, and even physical injury.
- January 2023: H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in the Al Dhafra Region and Chairman of the Board of Directors of the Environment Agency, Abu Dhabi (EAD), launched the marine research vessel 'Jaywun,' developed by EAD, considered the UAE's first and the most advanced in the Middle East. The vessel is expected to strengthen national and global marine science capabilities and enable the Agency to implement its 'Ocean World Discovery' project.
Marine Acoustic Sensors Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Deployment of Acoustic Navigation for Underwater Positioning
5.1.2 Rising Defense Spending in Several Countries
5.2 Market Challenges
5.2.1 Compatibility and Installation Issues and the Presence of a Limited Frequency Band
5.3 KPI Analysis
6. MARKET SEGMENTATION
6.1 By Product
6.1.1 Hydrophones
6.1.2 Underwater Transducer
6.1.3 Acoustic Towed Array
6.1.4 Side-scan Sonar
6.2 By Geography***
6.2.1 North America
6.2.2 Europe
6.2.3 Asia
6.2.4 Australia and New Zealand
6.2.5 Latin America
7. APPLICATION ANALYSIS
7.1 By Application
7.1.1 Water Depth and Bathymetry
7.1.2 Marine Imaging
7.1.3 Marine Life Detection
7.1.4 Military
7.1.5 Marine Research and Monitoring
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 BAE Systems PLC
8.1.2 Garmin Ltd
8.1.3 Teledyne Marine Technologies (Teledyne Technologies Incorporated)
8.1.4 Ocean Sonics Ltd
8.1.5 Geospectrum Technologies Inc.
8.1.6 L3harris Technologies Inc.
8.1.7 Hottinger Brüel & Kjær (Spectris PLC)
8.1.8 Cobham Ultra Seniorco S.à R.l.
8.1.9 Thales Group
8.1.10 CTS Corporation
- *List Not Exhaustive
9. MARKET OUTLOOK
Marine Acoustic Sensors Industry Segmentation
Acoustic sensors are a division of micro-electromechanical systems that work on the theory of modulating surface acoustic waves that sense physical phenomena. They are used to convert electrical signals into mechanical waves. They are used in various fields, such as signal processing and sensing in marine applications.
The market size is evaluated by analyzing various products, such as hydrophones, underwater transducers, acoustic towed arrays, and side-scan sonar, considered in regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market sizes and forecasts are provided in terms of value in USD for all the above segments. The competitive landscape has been considered to calculate the penetration of marine acoustic sensors and how players involve themselves in organic and inorganic growth strategies. Companies continuously innovate products to increase their market share and profitability. The market study also focuses on the impact of key macro trends on the market ecosystem.
| By Product | |
| Hydrophones | |
| Underwater Transducer | |
| Acoustic Towed Array | |
| Side-scan Sonar |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America |
Marine Acoustic Sensors Market Research Faqs
How big is the Marine Acoustic Sensors Market?
The Marine Acoustic Sensors Market size is expected to reach USD 1.46 billion in 2024 and grow at a CAGR of 6.41% to reach USD 1.99 billion by 2029.
What is the current Marine Acoustic Sensors Market size?
In 2024, the Marine Acoustic Sensors Market size is expected to reach USD 1.46 billion.
Who are the key players in Marine Acoustic Sensors Market?
BAE Systems PLC, Garmin Ltd, Teledyne Marine Technologies (Teledyne Technologies Incorporated), Ocean Sonics Ltd and Geospectrum Technologies Inc. are the major companies operating in the Marine Acoustic Sensors Market.
Which is the fastest growing region in Marine Acoustic Sensors Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Marine Acoustic Sensors Market?
In 2024, the North America accounts for the largest market share in Marine Acoustic Sensors Market.
What years does this Marine Acoustic Sensors Market cover, and what was the market size in 2023?
In 2023, the Marine Acoustic Sensors Market size was estimated at USD 1.37 billion. The report covers the Marine Acoustic Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Marine Acoustic Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Marine Acoustic Sensors Industry Report
Statistics for the 2024 Marine Acoustic Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Marine Acoustic Sensors analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Marine Acoustic Sensors Market Report Snapshots
