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Marine sensors are technologically advanced devices used in oceanography to measure the properties of seawater. There are several types of marine sensors, with various applications. Most commonly they measure things such as hydro acoustic currents, turbidity of water, sound velocity, pressure flow of water, and temperature of the engine oil.
The factors expected to drive the market is increasing the demand of thermometrics sensor to decrease the temperature of the marine engine. Moreover, the growing demand for a marine sensor to monitor the temperature of the engine oil across the world is anticipated to boost the market. Growing demand for new generation air and missile defense systems equipped with advanced sensors and integration of anti-jamming capabilities in the naval vessels are the upcoming opportunities for the market. However, complexity to design marine sensors are affecting the market growth.
Key Market Driver -
Growing Demand for Thermometrics Sensor to Monitor the Temperature of the Engine Oil
Key Market Restraint -
Lack of Accuracy and Operational Complexities of Sensors
By component, the market is segmented into acoustic sensors, magnetic sensors, sonars, pressure sensors,temperature sensors, and flow and level sensors.Based on application, the market is segmented into intelligence & reconnaissance,target recognition,and command & control. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
The major companies in the global marine sensors market report includes BAE Systems PLC (The U.K), Garmin Ltd.( The U.S.), Gill Instruments (India), Honeywell International Inc.( The U.S.),Lockheed Martin Corporation( The U.S.), NRG Systems Inc.(The U.S.),Raytheon Company ( The U.S.), Saab AB ( Sweden), Thales Group( France), and among others.
The marine sensors market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America is estimated to be the largest market during the forecast period. The growth in the region is owing to the increasing use of marine sensors in the U.S and Canada to establish an underwater electronics support facility.
Asia-Pacific is expected to be the fastest-growing region during the forecast period. This growth is attributed to the increasing focus of China to develop deep ocean pressure recorders to detect tsunami detection. Additionally, government initiatives from the Indian government to establish a network of ambient noise measurement stations in shallow waters is helping to grow the market.
Europe registers significant growth in the marine sensors during the forecast period. This growth is owing to the presence of multiple marine sensor vendors in Germany and France. In the U.K., the government’s focus on acoustic sensors and systems is anticipated to boost the market. In the Rest of the world, increasing the adoption of marine biosensors and buried-object detection systems in Latin America, and Middle East & Africa is propelling the market.
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