Data Buoy Market Size, Share, Industry & Opportunities 2030
Global Data Buoy Market
Segments - by Product Types (Solar Powered Type and Battery Powered Type), Applications (Oil & Gas, Defense, Research, and Others), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
Segments - by Product Types (Solar Powered Type and Battery Powered Type), Applications (Oil & Gas, Defense, Research, and Others), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
The global Data Buoy market size was valued at USD 161.26 Million in 2022 and is projected to reach USD 208.58 Million by 2031, expanding at a CAGR of 2.9% during the forecast period 2023 - 2031.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.
Data Buoy 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.
Scope of Data Buoy Market Report
The report on the global Data Buoy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
Details
Report Title
Data Buoy Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year
2022
Historic Data
2016–2021
Forecast Period
2023–2031
Segmentation
By Product Types (Solar Powered Type and Battery Powered Type), By Applications ( Oil & Gas, Defense, Research, and Others)
Regional Scope
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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
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.
Chapter 1 Executive Summary 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
Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization
Our Clients
Client Testinomials
We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you. Strategy Head of Major Tech Company
We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality. Major Player in Defense Industry
Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions. CMO of Leading Packaging Company from USA
I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data. Founder and Managing Partner of Major Korean Company
Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports. Global Consulting Firm
According to this Growth Market Reports, the market from Data Buoy is likely to register a CAGR of 2.9 % during forecast period 2023-2031, with an anticipated valuation of USD 208.58 Million by the end of the 2031.
In addition to market size (in USD Million), company market share (in % for base year 2022), other data such macro-economic factors and COVID-19 impact on the value chain are also available in the final report.
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 2022. The complete analysis period is 2022 to 2031, wherein, 2016 & 2021 are the historic years and the forecast is provided from 2023 to 2031.
Request For Customization
Enquiry Before Buying
Speak With Analyst
