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The global underwater sensors market size was valued at USD 1.26 billion in 2023. The market is projected to grow from USD 1.34 billion in 2024 to USD 2.30 billion by 2032, exhibiting a CAGR of 7.0% during the forecast period.
Sensors are small devices that are utilized in a variety of ship types to monitor the environment and collect real-time data. These devices come in several forms and have abundant uses. An underwater sensor is employed for measuring pressure, flow rates, temperature, acceleration, inclination, and other purposes.
Furthermore, underwater sensors are designed to be rugged to withstand harsh conditions and are essential in enhancing a ship's performance and assessing the reliability of marine vessels. Moreover, these sensors aid in improving the performance capabilities of naval vessels, ships, and other boats, as well as analyzing real-time data of the components in their applications.
Factors, such as an increase in technological advancements, including improved sensor capabilities and communication systems, demand for underwater monitoring in military & defense, environmental monitoring applications, rising concerns about maritime security, marine pollution, and climate change, and growing demand for underwater and marine sensors across the Asian markets are positively influencing the overall market growth.
Moreover, waste across the oceanic belt is also driving the adoption of sensors globally. The marine environment and ecosystems are seriously threatened by plastic waste, such as bottles, bags, or microplastics. It is estimated that more than 8 million metric tons of plastic enter the oceans annually. In Asia, the Philippines leads the list of countries contributing to ocean plastic pollution. Therefore, rising concerns about marine pollution are driving the adoption of underwater and marine sensors for enhanced surveillance and environmental protection. The table below showcases the top countries with the highest ocean pollution from plastics.
To highlight the COVID-19 impact on the market, both positive and negative scenarios were witnessed. Factors such as technological advancements, adoption of digital and data solutions, and increased focus on environmental monitoring and research operations positively influenced the market. However, supply chain disruptions and a lack of skilled professionals negatively impacted the overall market.
Integration of Generative AI with Underwater Sensors offers an Opportunity to Create a Revolution in the Market
Underwater sensors play a crucial role in monitoring oceanic environments and detecting changes in water temperature, salinity, pressure, and more. Integrating generative AI with these sensors could enhance data analysis capabilities, potentially predicting environmental trends or identifying anomalies in real-time.
Generative AI could be used with sensor technologies for tasks, including generating synthetic data to augment limited real-world data for training models or for simulating underwater environments to test sensor performance in various conditions. Generative AI's capability to create complex and massive data aids in simulating real-world applications and ensures that underwater and marine sensors are ideal for several scenarios and user interactions. Hence, various countries are collaborating to introduce generative AI capabilities for underwater sensors. For instance,
The integration of generative AI with marine sensors offers an opportunity to create a revolution in this market by enabling faster, more accurate simulations that can unlock new capabilities across different areas.
Rising Military & Defense Spending Across the Globe Positively Influences Market Growth
The substantial rise in world defense expenditures is due to security concerns, concerns about contested areas and threats. The military is using AUVs, UUVs, and ROVs for mine countermeasures, rapid environmental assessments, intelligence, surveillance, reconnaissance, harbor protection and port clearance operations, and antisubmarine warfare. Consequently, to combat the risks of submarine security, these vehicles are expected to be used more frequently over the years ahead. A key trend for this market is the expected strong demand for reliable, fast, and secure communication in homeland security and defense. To ensure reliable and secure communication, organizations increasingly use sensor-based acoustic communication solutions from maritime defense systems.
In 2023, the total world expenditure on armed forces reached USD 2,443.0 billion, an increase of 6.8% in actual terms compared with 2022, as reported by the Stockholm International Peace Research Institute. Therefore, rising defense spending across the globe is a key trend that is accelerating market growth.
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Rising Demand for AUVs and ROVs in Several Marine Applications to Fuel Market Expansion
Autonomous Underwater Vehicles (AUVs) and Remotely Operated Vehicles (ROVs) can be equipped with a variety of underwater sensors to help them carry out tasks related to their missions, such as mapping, navigation, or environmental monitoring. AUVs and ROVs may increase operational safety, reduce the ecological impact of monitoring activities, and decrease the number of staff needed to operate at sea. Their usefulness and ability within the military community have been enhanced by advances in technology in AUVs and ROVs.
Various government initiatives are launched as businesses realize the importance of underwater and marine sensors in AUVs and ROVs. For instance,
In May 2023, Innovate UK and the Department of Environment, Food and Rural Affairs (Defra) announced that they had funded USD 1.5 million to develop key technologies and capabilities enabling more efficient monitoring of marine natural capital assets.
Thus, rising demand for AUVs and ROVs in several marine applications is driving the adoption of underwater sensors in the market.
Difficulty in Deploying and Retrieving Sensors in Harsh Underwater Environments May Hamper Market Growth
The global market is hampered by the development of sensors that can resist corrosive and harsh underwater environments due to its difficult and costly task. The underwater environment is harsh and corrosive due to several factors, such as the temperature of seawater can fluctuate extensively, the high pressure of seawater, the high salinity of seawater that can corrode sensors, and biofouling, which can hinder the underwater sensors market growth.
Moreover, due to high implementation costs and technical challenges, underwater sensor deployment is a major challenge, particularly for small enterprises. Elements such as software permits, hardware investments, and staff training costs are part of the initial financial commitment needed to adopt underwater sensors.
Acoustic Sensors Leads with its Increasing Adoption over Other Types of Sensors
By sensor type, the market is divided into pressure sensor, acoustic sensor, proximity sensor, radar sensor, motion sensor, sonar, and others. The other sensor types include flow sensor, level sensor, and image sensor. In 2023, the acoustic sensor segment held the highest market share owing to its increasing popularity among end users. In recent years, acoustic sensors have been majorly used for tasks such as the detection of underwater obstacles or objects, ocean navigation, studying oceanographic phenomena, and monitoring marine life and ecosystems. Besides, several engagements in the market are focused on catering to the growing demand for acoustic sensors. For instance,
However, in the coming years, sonars are expected to grow with the highest CAGR. Sonar technology is adopted across several sectors, such as commercial, defense, and other exploration activities.
Wireless Sensors’ Increased Implementation by End-Users Results in its Dominance
By connectivity, the market is classified into wired and wireless. In 2023, the wireless segment held the largest market share and is expected to maintain its dominance during the forecast period. Companies have been tapping the increasing demand for wireless sensors by launching advanced sensor solutions. For instance,
The wired sensors segment is expected to grow steadily owing to the demand for traditional market-related systems.
Surveillance & Monitoring Systems Gain Market Prominence Driven by its Advanced Underwater Sensor Solutions
By application, the market is segmented into surveillance & monitoring, target recognition, climate recording, pollution control, and others. The other applications include fuel and propulsion system. In 2023, the surveillance & monitoring segment held the highest market share owing to the increasing demand for surveillance & monitoring systems with advanced underwater sensor solutions. Underwater sensing and detection technologies have several use cases, such as charting undersea terrain, the study of marine ecosystems, monitoring and identification of subsurface infrastructure, and supporting defense operations such as the detection of submarines and other underwater targets. The increasing demand is accelerated due to its improved performance and more energy-efficient properties. Moreover, there is an increasing demand for such systems in extreme environments such as the Arctic. The market is also witnessing accelerating demand for undersea surveillance systems across the Asian markets. For instance,
However, climate recording use cases are expected to grow with the highest CAGR in the coming years as the sensors help end-users track changes in climate and oceanic changes. It is anticipated that the demand for enhanced sensor technology to monitor climate change will grow substantially.
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Demand for Underwater Sensor Technology across the Military & Defense Sector Propelled Segment Growth
By end-user, the market is separated into aquaculture, military & defense (submarines), oil & gas sector, oceanic research, and others. The other end-users include healthcare and marine institutions. In 2023, the military & defense (submarines) segment held the highest market share as the demand for underwater sensor technology across the sector has grown significantly. Sensors are an important part of submarines to help in surveillance, communication, defense, and navigation operations.
However, in the coming years, end-users across oceanic research are expected to showcase an increasing inclination to adopt underwater sensors. Oceanic research end-users are expected to grow at the highest CAGR of over 9.1% during the forecast period. Several research projects lining up indicate the growing trajectory of the segment in the coming years.
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The above chart showcases the total number of scientific manuscripts for various applications in the research field related to the marine industry. Sensors are the term most used by researchers, followed by remote sensing.
Globally, the report was studied across the following regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
North America Underwater Sensors Market Size, 2023 (USD Billion)
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North America held the highest underwater sensors market share in 2023. The regional market has a mature oil and gas sector, with substantial offshore initiatives taking place in the Gulf of Mexico. Due to safety regulations and the need for asset integrity, there have been major investments in underwater monitoring systems in the region. For instance,
Thus, several factors, such as an increase in the use of underwater communication for naval defense, a rise in the number of autonomous underwater vehicles, and a growing demand for scientific exploration and data collection, are contributing to the positive growth of the regional market.
Asia Pacific is expected to showcase the highest growth rate during the forecast period, fueled by the engagement of growing economies in the market across the region. China, Japan, South Korea, and India have a strong focus on acquiring advanced sensors for their naval platforms, including ships, submarines, and other vessels. Furthermore, the increasing investments in maritime infrastructure and operations are driving the demand for underwater sensors throughout the region. For instance,
Europe is expected to showcase steady growth over the projected period as a result of the increasing demand for advanced sensor applications in naval threat protection, surveillance, and other applications. The Royal Navy in the U.K. is working on developing a variety of fully autonomous systems for surveillance, reconnaissance, underwater data collection, discreet payload delivery, and recovery of remote automated sensors are driving the adoption of vessels and unmanned underwater vehicles across the region. These activities contribute to the growth of the regional underwater sensors market.
The Middle East & Africa holds a lesser market share compared to other regions in the market in 2023. However, during the forecast period, the regional market is expected to showcase a healthy future related to the adoption of marine sensors. The region has an abundance of offshore oil and gas reserves, further motivating regional businesses to safeguard and supervise valuable assets and infrastructure in tough and demanding surroundings.
The market in South America is expected to grow at a healthy growth rate owing to the increasing governmental interest in adopting underwater sensors, which is mainly to create a secure marine ecosystem across the region.
Collaborating with Related Market Players is a Top Priority of Players Operating in the Market
Key players follow a key business strategy of acquiring and collaborating with related or small-scale market experts. These players adopt this strategy with the aim of expanding their team member count, product expertise, and their market positions. Along with this, top players have been enriching their distributor and reseller ecosystem to make advancements in their global reach. Moreover, leading players are launching new and enhanced sensors with improved features to cater to end-users evolving requirements.
The report covers all factors that have directly or indirectly affected the overall market growth. The factors include key market players, product types, their investments in new sensor technology, and their prominent use cases. In addition, the report also provides its readers with an overview of recent market trends and high points of the market’s recent advances.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 7.0% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Sensor Type
By Connectivity
By Application
By End-user
By Region
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