"Actionable Insights to Fuel Your Growth"
The marine industry plays a crucial role in the development of the country’s economy which helps to evolve international trading and associated infrastructure. Weather buoy is the devices that collect weather and ocean data within the world's oceans and provide monitoring and forecasting of meteorological data and oceanographic which helps to ensure safe navigation. Weather buoy are integrated with the advanced computing system and a real-time data system which enables the meteorological authorities to track and forecast multiple weather events, including high surf, extreme temperatures, gusty winds, precipitation, floods, hurricanes, cloud formations, and among other uncertainties in the ocean weather. The buoy is used in various applications for security and safety purposes such as providing emergency alerts and warnings in densely populated coastal areas, aviation, cargo ships, fishing communities, underwater operations, surfers, offshore drilling platforms, and many other activities.
The weather buoy market is segmented into product type, application, and geography. Based on the product type, the market is segmented into a solar-powered and battery-powered. Solar-powered buoys are holding a large share along with battery-powered buoy owing to advanced features and operation efficiency of the buoy. Based on application, the market is categorized into oil & gas, defense, research, and others. Research segment which includes meteorological centers and data centers is dominating the market owing to an extensive application for monitoring and forecasting oceanic weather.
Key Market Driver -
Increase in maritime transportation activities
Key Market Restraint -
Stringent Government Regulation for Maritime Logistics and Transportation
The increasing marine transportation and growing awareness for safety from weather uncertainties propel the demand for the weather buoy market in the forecasted period. Increasing production & exploration activities from the oil & gas industry from developing as well as developed regions drive the market during the forecast period. Increasing investment in the maritime sector and growing cross-border marine transportation holds promising growth opportunities for the weather buoy market during the projected period.
Some of the globally acclaimed companies for weather buoy market are Fugro, NexSens Technology, Inc., Xylem Inc., develogic GmbH, Mobilis SAS, Fendercare Marine, MetOcean Telematics, AXYS Technologies Inc., Imbros, JFC Marine, Observator Group, Buoyage Systems Australia Pty Ltd, and Ocean Scientific International Ltd (OSIL).
To gain extensive insights into the market, Request for Customization
The weather buoy market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is dominating the market owing to an increase in maritime transportation and significant growth in oil and gas industry from the U.S. New production and exploration of oilfields and offshore drilling platforms in North America also propels the demand for the deployment of weather buoy for measuring and sensing the weather which leverage the market demand during the forecast period. Asia-Pacific is expected to be the second-largest market in the global demand due to growing investments in the marine industry and its logistics and increasing demand for oil & gas which results in to increase in production & exploration activities and import of oil & gas at a large scale during the forecast period. Middle East & Africa is followed by the Asia-Pacific region owing to the increase in maritime transportation and the new development of oilfields in the Middle East region. Hence, a significant increase in demand from the oil & gas industry, growth in marine transportation, and increase in the weather forecast for surfers and fishing communities accelerates the demand for weather buoy market during the forecast period.
By Product Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry