Rapid Growth of Marine Trade to Drive the Global Oceanographic Monitoring System Market

Introduction

Globalization, Increasing Trade Volumes, and the Impact on Marine Ecosystems

Globalization has resulted in higher trade volumes for various countries, positively influencing the shipping industry. The increasing number of vessels in oceans has substantially increased pollution levels and greenhouse gases and, in turn, disturbed marine ecosystems. Thus, it is vital to monitor theses ecosystems with the help of equipment, such as oceanographic monitoring systems, to curb the impact of large fleets operating in the sea. The installation of sensors and other instruments significantly helps in understanding marine life and making related decisions. Oceanographic monitoring systems are also widely used to track marine traffic for maritime services.

Oceanographic Data for Fishery Management

Data collected from oceanography is extensively used in fishery management, which helps in understanding the number of fish available for harvest. Commercial fishing harvests vary widely and affected by a variety of factors. Oceanographic monitoring has gained significant traction for gathering data and studying the impact of the environment on fish. The use of oceanographic monitoring systems aids in gaining higher efficiencies and profits in commercial fishing, which is expected to drive the oceanographic monitoring system market in the coming years.

Highlights

• The global oceanographic monitoring system market is expected to grow on account of the need to track coastal activities for predicting natural disasters.
• By application, offshore activities are projected to hold the highest share in the global oceanographic monitoring systems market due to the increasing number of offshore wind farms and rising focus on monitoring marine ecosystems.
• North America is anticipated to dominate the global oceanographic monitoring system market, against a backdrop of large government investments and the implementation of programs for real-time data collection.
• Some of the key players profiled in the global oceanographic monitoring system market include Hitachi Zosen, Sea & Stream, Seatools, Global Ocean Security Technologies, Valeport, Aanderaa, Osil, SonTek, Sonardyne, and Tideland Signal.
• In 2019, Valeport developed SWiFT SVP and SWiFTplus with other monitoring instruments for showcasing at OceanBusiness 19.

Competitive Players

1. Global Ocean Security Technologies (GOST)
2. Hitachi Zosen Corporation
3. Ocean Scientific International Ltd (OSIL)
4. Sea6 Energy Pvt. Ltd.
5. Seatools B.V.
6. Sonardyne International Ltd.
7. SonTek
8. Trelleborg Marine and Infrastructure
9. Valeport Ltd
10. Xylem Inc.

Recent Developments

December 2023- Osmoflo Holdings Pty Ltd (Australia, from now on Osmoflo), a wholly owned subsidiary of Hitachi Zosen Corporation engaged in the water treatment business, was awarded a Seawater Desalination Process Package Contract for mining in Australia. The contract is worth more than AUD 60 million and represents one of Osmoflo's most significant projects.

November 2023- Leading international oceanographic manufacturers Ocean Scientific International Ltd (OSIL) provided an ever-expanding range of inshore sediment sampling equipment to aid coastal studies.

Segmentation

1. By Type
   1. GPS Ocean Tsunami Meters
   2. Multifunctional Observation Buoys
   3. Observation Monitoring Systems
   4. Wave and Tide Sensors
   5. Others
2. By Application
   1. Offshore
   2. Onshore
   3. Deep Water Instrumentation