Global Data Buoy Market by Product Types (Solar Powered Type and Battery Powered Type), Applications (Oil & Gas, Defense, Research, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Market Outlook:
The global Data Buoy market was valued at USD 152.3 Million in 2020 and is projected to reach USD 192.5 Million by 2028, expanding at a CAGR of 2.9 % during the forecast period. The global data buoy market is projected to expand at a rapid pace, due to rising demand for data buoys in various industries, majorly in research, defense, and oil & gas.
Real time sensors are used in weather buoys for forecasting, detection, and monitoring of human activities and weather conditions. These real time sensors are capable of measuring changes of less than a millimeter in sea levels. Data buoys are designed for protecting and supporting sensors with different modalities. The types and number of sensors located on buoys are based on the applications.
Moored buoys were used since 1951 and drifting buoys were used from 1979. In the bottom of the ocean, moored buoys are connected by using buoyant polypropylene, chains, and nylon. In 1980s and 1990s, a data buoy network present in the eastern and central tropical Pacific Ocean helped to study the El Niño-Southern Oscillation.
Rising number of shipments across regions and increasing trade using the sea route are projected to propel the market. Several emerging economies are increasing their expenditure in the development of sea ports for increasing the trade volume. Based on the International Chamber of Shipping report, globally, around 90% of trade is carried out by sea, as these routes are convenient for transporting bulk and heavy goods. Product launches led to the development of the data buoy market. Rising consumption of different types of buoys in various applications is increasing the demand for weather buoys, hence the market is projected to grow at a significant pace. Several researchers are developing novel products and advanced techniques for reducing the operational cost of data buoys, which is projected to fuel the market.
Market Dynamics
The moored type of weather buoys have a range of 1.5–12 meters (5–40 ft) in diameter, and drifting type of buoys have a range of 30–40 centimeters (12–16 in) diameter. Drifting weather buoys are placed across the world in oceans. Data from buoys have less errors than the wind data from ships.
Paddlers, boaters, and surfers use the data for assessing the conditions before venturing out in the ocean. Charter fishermen use the data collected from data buoys to make decisions about good fishing locations as well as the safety of the crew and customers. Scientists use the real-time data collected from buoys for improving forecasts for the long-term period.
Rising government initiatives in the research sector of electronics and energy are anticipated to propel the data buoy market. Governments of several countries are spending huge amounts in the development of systems based on sustainable energy sources, hence the demand for solar-based data buoys is increasing, which is responsible for the market growth in the coming years.
Segmental Outlook
In terms of product types, the global data buoy market is segmented into Solar-powered Type And Battery-powered Data Buoys. The solar-powered type segment is anticipated to expand at a sustainable CAGR during the forecast period, owing to its various benefits such as low energy cost, less maintenance, intrinsic safety, and remote monitoring.
Based on applications, the global data buoy market is segmented into oil & gas, defense, research, and others. The oil & gas segment is expected to grow at a significant pace during the forecast period, owing to increasing risk related to offshore oil & gas production. Rising requirement of the underwater monitoring system in the oil & gas segment is propelling the segment across the globe.
Regional Outlook
Based on regions, the market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is projected to expand at a significant CAGR during the forecast period, owing to the presence of key market players and increasing research and development activities in the region. The market in Asia Pacific is anticipated to hold a substantial share of the global data buoy market, owing to rising trading activities and increasing cargo transportation via the sea route.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global Data Buoy market
- Historical, current and projected market size in terms of value (USD million), volume (tons)
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global Data Buoy market performance
Segments
Key Segments CoveredBy Product Types
- Solar Powered Type
- Battery Powered Type
- Oil & Gas
- Defense
- Research
- Others
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC
- Turkey
- South Africa
- Rest of Middle East & Africa
- Fugro
- Xylem
- MOBILIS
- NexSens Technology, Inc.
- METOCEAN TELEMATICS
- Ocean Scientific International Ltd
Competitive Landscape
- Key players operating in the global data buoy market include Fugro, Xylem, MOBILIS, NexSens Technology, Inc., METOCEAN TELEMATICS, Ocean Scientific International Ltd, Flydog Solutions OÜ, JFC Group, Ocean Power Technologies, Inc., Smart Buoy Co., Yosemitech Technologies Co., Ltd, develogic GmbH, Observator Group, and others.
- These companies are considered as key manufacturers of Data Buoy based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
Video Summary for Data Buoy Market
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data Buoy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Data Buoy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Data Buoy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Data Buoy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Data Buoy Market Size & Forecast, 2018-2028
4.5.1 Data Buoy Market Size and Y-o-Y Growth
4.5.2 Data Buoy Market Absolute $ Opportunity
4.6 Key Regulations
Chapter 5 Global Data Buoy Market Analysis and Forecast By Product Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Product Types
5.1.2 Basis Point Share (BPS) Analysis By Product Types
5.1.3 Absolute $ Opportunity Assessment By Product Types
5.2 Data Buoy Market Size Forecast By Product Types
5.2.1 Solar Powered Type
5.2.2 Battery Powered Type
5.3 Market Attractiveness Analysis By Product Types
Chapter 6 Global Data Buoy Market Analysis and Forecast By Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Applications
6.1.2 Basis Point Share (BPS) Analysis By Applications
6.1.3 Absolute $ Opportunity Assessment By Applications
6.2 Data Buoy Market Size Forecast By Applications
6.2.1 Oil & Gas
6.2.2 Defense
6.2.3 Research
6.2.4 Others
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Data Buoy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Data Buoy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Data Buoy Analysis and Forecast
9.1 Introduction
9.2 North America Data Buoy Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Data Buoy Market Size Forecast By Product Types
9.6.1 Solar Powered Type
9.6.2 Battery Powered Type
9.7 Basis Point Share (BPS) Analysis By Product Types
9.8 Absolute $ Opportunity Assessment By Product Types
9.9 Market Attractiveness Analysis By Product Types
9.10 North America Data Buoy Market Size Forecast By Applications
9.10.1 Oil & Gas
9.10.2 Defense
9.10.3 Research
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis By Applications
9.12 Absolute $ Opportunity Assessment By Applications
9.13 Market Attractiveness Analysis By Applications
Chapter 10 Europe Data Buoy Analysis and Forecast
10.1 Introduction
10.2 Europe Data Buoy Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Data Buoy Market Size Forecast By Product Types
10.6.1 Solar Powered Type
10.6.2 Battery Powered Type
10.7 Basis Point Share (BPS) Analysis By Product Types
10.8 Absolute $ Opportunity Assessment By Product Types
10.9 Market Attractiveness Analysis By Product Types
10.10 Europe Data Buoy Market Size Forecast By Applications
10.10.1 Oil & Gas
10.10.2 Defense
10.10.3 Research
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By Applications
10.12 Absolute $ Opportunity Assessment By Applications
10.13 Market Attractiveness Analysis By Applications
Chapter 11 Asia Pacific Data Buoy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Data Buoy Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Data Buoy Market Size Forecast By Product Types
11.6.1 Solar Powered Type
11.6.2 Battery Powered Type
11.7 Basis Point Share (BPS) Analysis By Product Types
11.8 Absolute $ Opportunity Assessment By Product Types
11.9 Market Attractiveness Analysis By Product Types
11.10 Asia Pacific Data Buoy Market Size Forecast By Applications
11.10.1 Oil & Gas
11.10.2 Defense
11.10.3 Research
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By Applications
11.12 Absolute $ Opportunity Assessment By Applications
11.13 Market Attractiveness Analysis By Applications
Chapter 12 Latin America Data Buoy Analysis and Forecast
12.1 Introduction
12.2 Latin America Data Buoy Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Data Buoy Market Size Forecast By Product Types
12.6.1 Solar Powered Type
12.6.2 Battery Powered Type
12.7 Basis Point Share (BPS) Analysis By Product Types
12.8 Absolute $ Opportunity Assessment By Product Types
12.9 Market Attractiveness Analysis By Product Types
12.10 Latin America Data Buoy Market Size Forecast By Applications
12.10.1 Oil & Gas
12.10.2 Defense
12.10.3 Research
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By Applications
12.12 Absolute $ Opportunity Assessment By Applications
12.13 Market Attractiveness Analysis By Applications
Chapter 13 Middle East & Africa (MEA) Data Buoy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Data Buoy Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Data Buoy Market Size Forecast By Product Types
13.6.1 Solar Powered Type
13.6.2 Battery Powered Type
13.7 Basis Point Share (BPS) Analysis By Product Types
13.8 Absolute $ Opportunity Assessment By Product Types
13.9 Market Attractiveness Analysis By Product Types
13.10 Middle East & Africa (MEA) Data Buoy Market Size Forecast By Applications
13.10.1 Oil & Gas
13.10.2 Defense
13.10.3 Research
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By Applications
13.12 Absolute $ Opportunity Assessment By Applications
13.13 Market Attractiveness Analysis By Applications
Chapter 14 Competition Landscape
14.1 Data Buoy Market: Competitive Dashboard
14.2 Global Data Buoy Market: Market Share Analysis, 2020
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fugro
14.3.2 Xylem
14.3.3 MOBILIS
14.3.4 NexSens Technology, Inc.
14.3.5 METOCEAN TELEMATICS
14.3.6 Flydog Solutions OÜ
14.3.7 JFC Group
14.3.8 Ocean Power Technologies, Inc.
14.3.9 Smart Buoy Co.
14.3.10 Yosemitech Technologies Co., Ltd
14.3.11 develogic GmbH
14.3.12 Observator Group
By Product Types
- Solar Powered Type
- Battery Powered Type
- Oil & Gas
- Defense
- Research
- Others
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC
- Turkey
- South Africa
- Rest of Middle East & Africa
- Fugro
- Xylem
- MOBILIS
- NexSens Technology, Inc.
- METOCEAN TELEMATICS
- Ocean Scientific International Ltd
- Key players operating in the global data buoy market include Fugro, Xylem, MOBILIS, NexSens Technology, Inc., METOCEAN TELEMATICS, Ocean Scientific International Ltd, Flydog Solutions OÜ, JFC Group, Ocean Power Technologies, Inc., Smart Buoy Co., Yosemitech Technologies Co., Ltd, develogic GmbH, Observator Group, and others.
- These companies are considered as key manufacturers of Data Buoy based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
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FAQ Section
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.
According to this Growth Market Reports, the market from Data Buoy is likely to register a CAGR of 2.9 % during forecast period 2021-2028, with an anticipated valuation of USD 192.5 Million by the end of the 2028.
In addition to market size (in USD Million), company market share (in % for base year 2019), other data such macro-economic factors and COVID-19 impact on the value chain are also available in the final report.
The applications in the global Data Buoy market includes many industries including oil & gas, defense, research, and others.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The global data buoy market is projected to expand at a rapid pace, due to rising demand for data buoys in various industries, majorly in research, defense, and oil & gas.
The COVID-19 impacts that have been taken into consideration while estimating the global Data Buoy market. The sudden outbreak of the coronavirus (COVID-19) has become a threat to the global Data Buoy market.
The base year considered for the global Data Buoy market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.
Major Manufactures includes Fugro, Xylem, MOBILIS, NexSens Technology, Inc., METOCEAN TELEMATICS, Ocean Scientific International Ltd, Flydog Solutions OÜ, JFC Group, Ocean Power Technologies, Inc., Smart Buoy Co., Yosemitech Technologies Co., Ltd, develogic GmbH, Observator Group, and others.
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