Marine Digital Sensor Market Size, Share And COVID-19 Impact Analysis, By Type (Speed Log, Echo Sounder, RPM And Torque Meter, Shaft Motor, Thrust Meter, Rudder Indicator, Stabilizer Fins, Wind Anemometer, And GPS), By Application (Commercial And Military), And Regional Forecast, 2024-2032

The Marine Digital Sensor Market is witnessing considerable expansion globally, with a significant CAGR anticipated throughout the forecast period extending to 2032. Marine sensors are required to have oceanographic knowledge of underwater biotic and abiotic substances. Higher accuracy is expected when the simple human intervention is involved. The technology for monitoring ship operations and performance has been firmly increasing sophistically. The report contains a detailed understanding of the structure of maritime sensors, with a focus on how to draw the sector's value chain, indicating the activities that will add value to maritime sensor activities. Sensor adoption in the marine industry is limited by a stringent regulatory environment and a lack of economic models.

These marine sensors have been identified to have potential for application in a big variety of activities ranging from environmental monitoring and meteorological research to seismic research and marine mammals.

The new generation of micro- and nano-mechanical sensors will be on the cusp of revolutionary changes in environmental monitoring and data collection.

Sensors integration into neural networks will help provide a certain level of intelligence for industrial control systems based on wireless communication channels.

The marine sensor market is driven by high demand for small, highly efficient, and sustainable sensors for autonomous marine vehicles and safe navigation. Growing adoption of artificial intelligence, and IoT- enabled devices, leads to competitive safety and security advantages and provides the development of ubiquitous solutions.

Impact of COVID-19 On The Marine Digital Sensor Market

The COVID-19 outbreak has wreaked havoc on several industries, burdening them with overall challenges. Due to travel, restrictions, and social distancing norms the market of had recorded a reduction in revenue. The collective effort given by government bodies across countries and industries to accelerate the recovery rate of the global economy could show better prospects for the marine industry in the next few years

Key Insights

The report will cover the following key insights:

• Distinguished applications of sensors in the maritime industry.


• Emerging trends in Global Marine Digital Sensor Market.


• Challenges faced in transmission and concentration of absolute oceanographic data.


• Growth driving innovations in the industry.

Analysis by Maritime Services

• Growing Trend Toward Autonomous Vehicle and IoT.


• Demand for Restructuring Marine Infrastructure and Big Data Analytics.

Regional Analysis

• Asia Pacific has been identified as the biggest market for marine, defense spending across India and China coupled with the mounting demand for highly advanced naval vessels attribute significantly to the market growth.


• The large-scale military budget and frequent technological advances support North America. Canada and the United States are known for investing considerably on the development of highly advanced weapons and systems. In addition, considering the rising use of advanced naval vessels for tactical missions by the US Navy, the market will showcase substantial growing in upcoming years.

Key Players Covered

• 3D at Depth (U.S.)


• ABB (Germany)


• ASV Global (U.S.)


• AutoNaut Ltd (U.K)


• Danfoss IXA A/S (Denmark)


• General Dynamics Corporation (U.S.)


• Liquid Robotics Inc. (U.S.)


• Modulus Technology Ltd (U.K)3


• OceanTools Ltd (U.K)


• Quanergy (U.S.)


• RoboSense (China)


• Sonardyne (U.K)


• Others

Segmentation

Key Industry Developments

• In June 2021, Honeywell International Inc. announced that the acquisition of US Digital Designs Inc. This acquisition will help expand the company's product portfolio while achieving its environmental, social, and governance goals. 


• In April 2020, Raytheon Company merged with United Technologies in 2020. This merger is likely to lead to the introduction of defense and commercial aerospace technologies