Global underwater monitoring system for oil &gas market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2021 – 2031
Global Underwater Monitoring System for Oil & Gas Market by Subsea Sensors (Temperature Sensor, Rotation Sensor, Pressure Sensor, Flow Sensor, Proximity Sensor), Monitoring Systems (Satellite Radio Navigation, Acoustic Sensors, and Wireless Sensors Network), Communication Method (Code Division Multiple Access (CDMA), Frequency Division Multiple Access (FDMA), Space Division Multiple Access (SDMA), and Time Division Multiple Access (TDMA)) and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031
The Global Underwater Monitoring System for Oil & Gas market size was valued at USD 1.1 billion in 2021 and is expected to surpass USD 2.4 billion by 2031, expanding at a CAGR of 7.2% during the forecast period, 2021–2031. The growth of the market is attributed to the complexities in the operation and maintenance of subsea systems and the growing need to monitor oil & gas reserves in deep-sea explorations.
INTRODUCTION
An underwater monitoring system for oil & gas is used for the process of monitoring and treating natural fuels. It mainly concentrates on the maintenance of the structure and the quality of the product. It is used to monitor natural fuels like oil and gas. The requirement to monitor oil and gas reserves in deep-sea explorations has risen the economic viability for deep-water developments. An increase in exploration of offshore deep-water and ultra-deep-water has anticipated bolstered the market. The complexities in the operation and maintenance of subsea systems and monitoring for oil & gas are expected to fuel the market growth in the coming years.
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
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Report Title | Global Underwater Monitoring System for Oil & Gas Market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2021 |
Historic Data | 2020–2021 |
Forecast Period | 2021–2031 |
Segmentation | subsea sensors (temperature sensor, rotation sensor, pressure sensor, flow sensor, proximity sensor), monitoring systems (satellite radio navigation, acoustic sensors, and wireless sensors network), communication method (Code Division Multiple Access (CDMA), Frequency Division Multiple Access (FDMA), Space Division Multiple Access (SDMA), and Time Division Multiple Access (TDMA)) |
Regional Scope | The Asia Pacific, Middle East Africa, Europe, North America, and Latin America |
Report Coverage | Market Analysis Company Share & Size, Growth Factors, Trends, Competitive Landscape, Trends, and Revenue Forecast |
Key Players Covered in the Report | Mitcham Industries; KCF Technologies; Schlumberger-One Subsea; BMT Group; Force Technology; Pulse Structural Monitoring; Sonardyne International; Ocean Server Technology Inc.; Teledyne Marine. |
Market Segment Insights
The pressure sensors segment is anticipated to hold the largest market share
Based on the subsea sensors the global underwater monitoring system for the oil & gas market is divided into temperature sensors, rotation sensors, pressure sensors, flow sensors, and proximity sensors. The pressure sensors segment is anticipated to hold the largest market share and is expected to grow at the highest pace among all the subsea sensor segments in the coming years owing to the need for technological advancements and the essentiality of sensors.
The acoustic sensor is anticipated to dominate the market
On the basis of the monitoring system, the global underwater monitoring system for the oil & gas market is sub-segmented into satellite radio navigation, acoustic sensors, and wireless sensors networks. The acoustic sensor is anticipated to dominate the market in the forecast period. The need for acoustic sensors to calculate the position, to store and transmit the information obtained from subsea equipment is expected to propel the market.
The acoustic sensor category is further divided into hydrophones, acoustic underwater vehicles (AUV), sonobuoys, and acoustic doppler current profilers. Acoustic sensors store, calculate the position and transmit the information obtained from subsea equipment. It is distributed over the submarine infrastructure and subsea pipeline.
The frequency division of multiple access is anticipated to hold more than 37% share
Based on the communication method, the global underwater monitoring system for the oil & gas market is divided into code division multiple access (CDMA), frequency division multiple access (FDMA), space division multiple access (SDMA), and time division multiple access (TDMA). The FDMA communication method is anticipated to hold more than 37% market share throughout the forecast period.
The North American region is anticipated to grow in the market in the forecast period
Due to high investment made by industry participants in offshore exploration the North American region is anticipated to grow in the market in the forecast period. The discoveries of new oil & gas reservoirs in the South American region will create new growth avenues for underwater monitoring systems for the oil & gas market.
Competitive Landscape
Key players competing in the global underwater monitoring system for the oil &gas market are Mitcham Industries; KCF Technologies; Schlumberger-One Subsea; BMT Group; Force Technology; Pulse Structural Monitoring; Sonardyne International; Ocean Server Technology Inc.; Teledyne Marine.
FAQs
Mention the market size of the Global Underwater Monitoring System for Oil &Gas Market in 2021.
The Global Underwater Monitoring System for Oil &Gas market size was valued at USD 1.1 billion in 2021 and is expected to surpass USD 2.4 billion by 2031
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is anticipated to be 7.2%.
What are the key drivers of the market?
What segments are covered in the Global Underwater Monitoring System for Oil &Gas Market report?
The segments covered in the report are subsea sensors (temperature sensor, rotation sensor, pressure sensor, flow sensor, proximity sensor), monitoring systems (satellite radio navigation, acoustic sensors, and wireless sensors network), communication method code division multiple access (CDMA), frequency division multiple access (FDMA), space division multiple access (SDMA), and time division multiple access (TDMA)
Mention the region is expected to hold the highest share in the Global Underwater Monitoring System for Oil &Gas Market.
The North American region is anticipated to grow in the market in the forecast period.
Mention the key players in the market.
Key players competing in the global underwater monitoring system for the oil & gas market are Mitcham Industries; KCF Technologies; Schlumberger-One Subsea; BMT Group; Force Technology; Pulse Structural Monitoring; Sonardyne International; Ocean Server Technology Inc.; Teledyne Marine.
1 INTRODUCTION TO GLOBAL UNDERWATER MONITORING SYSTEM FOR OIL &GAS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL UNDERWATER MONITORING SYSTEM FOR OIL &GAS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL UNDERWATER MONITORING SYSTEM FOR OIL &GAS MARKE, BY SUBSEA SENSORS
5.1 Overview
5.2 Temperature Sensor
5.3 Rotation Sensor
5.4 Pressure Sensor
5.5 Flow Sensor
5.6 Proximity Sensor
6 GLOBAL UNDERWATER MONITORING SYSTEM FOR OIL &GAS MARKET, BY MONITORING SYSTEMS
6.1 Overview
6.2 Satellite Radio Navigation
6.3 Acoustic Sensors
6.4 Wireless Sensors Network
7 GLOBAL UNDERWATER MONITORING SYSTEM FOR OIL &GAS MARKET, BY COMMUNICATION METHOD
7.1 Overview
7.2 Frequency Division Multiple Access (FDMA)
7.3 Time Division Multiple Access (TDMA
7.4 Code Division Multiple Access (CDMA)
7.5 Space Division Multiple Access (SDMA)
8 GLOBAL UNDERWATER MONITORING SYSTEM FOR OIL &GAS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 The Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 The Middle East & Africa
9 GLOBAL UNDERWATER MONITORING SYSTEM FOR OIL &GAS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Mitcham Industries
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 KCF Technologies
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Schlumberger-One Subsea
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 BMT Group
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Force Technology
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Pulse Structural Monitoring
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Sonardyne International
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.3 Product Outlook
10.8 Ocean Server Technology Inc.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Teledyne Marine
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
11 Appendix
11.1 Related Research
Segments Covered in the Report
Subsea Sensors
Monitoring Systems
Communication Method
Regions
Key Players
Global underwater monitoring system for the oil &gas market has a presence of some of the key major players across the globe which include:
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Our expertise uses primary research with Key for validating the market forecasts:
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