The global powered data buoy market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are rising demand for data collection, increasing incidence of chemical spill, and increasing adoption by engineering design ships to navigate or sail safely from one location to another. Data buoys are used to designate a safe route across river, lake, or harbor. They are used to identify dangerous rocks and other objects for smooth sailing of ships. They can also be used to indicate location of a shipwreck, pipelines, or bathing areas. Rising number of offshore oil and gas exploration operations as well as increasing need for defensive systems around the world are expected to drive growth of this market.
Meteorological models frequently integrate observational data from different sources under the World Weather Watch, including satellites, weather balloons, land stations, floats, ships, and data buoys, driving market revenue growth. Buoy data is critical since they are deployed in a data-scarce ocean area with no other reliable source of information. Buoy data is essential for bettering marine predictions. The placement of drifting buoys with subsurface temperature data into hotspots can enhance hurricane or cyclone forecasts. Many modern oceanographic models use data buoys and other devices such as sub-surface floats. A large number of countries have utilized surface wind and ocean current data from buoys to effectively find lost or late boats. The temperature of sea surface is an essential tool for locating a variety of fish species. Buoys send this data to weather stations on a daily basis. These center, in turn, generates and distributes charts of sea surface temperature to aid and manage fishing activities. Environmental observations are covered in relevant WMO and IOC publications in support of meteorological and oceanographic services and research.
Top Companies Operating in the Global Powered Data Buoy Market:
- Fugro Oceanor
- NexSens Technology, Inc
- Aanderaa
- Develogic GmbH
- MetOcean Telematics
- Fendercare Marine
- Mobilis SAS
- AXYS Technologies Inc.
- JFC Manufacturing Co Ltd
- IMBROS
- OBSERVATOR
- Ocean Scientific International Ltd. (OSIL)
- Buoyage Systems Australia Pty Ltd
- Others
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials & chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods & beverages, personal care & cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings & construction, food & beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials & chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Powered Data Buoy market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Powered Data Buoy market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Powered Data Buoy market key players
3.2 Global Powered Data Buoy size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Powered Data Buoy market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Powered Data Buoy Market Segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Battery Powered
- Solar Powered
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Oil & Gas
- Defense
- Research
- Others
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