Market Overview:
The global GPS-enabled buoy market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for GPS-enabled buoys for various applications such as oil spill tracking, marine equipment monitoring, fishery, port security and others. North America is expected to hold the largest share of the global GPS-enabled buoy market in 2018 owing to the presence of key players in this region and rising demand for these buoys from various end users such as commercial shipping companies and defense organizations.
Product Definition:
A GPS-enabled buoy is a buoy that uses Global Positioning System (GPS) technology to track its location. These buoys are used for a variety of purposes, such as maritime navigation, weather forecasting, and tsunami warning.
Floatable:
floatable is a new term in the marine industry and has been used to mean any floating structure such as an oil platform, drilling platform or even a barge. However, it is now being specifically used for GPS-enabled buoyant devices that are moored at sea and act as sentinels for monitoring water quality around them.
Non Floatable:
Non floatable is the term used for objects that are not compatible with floatation technology. These include heavy metals, concrete, rocks and other non-buoyant materials. Non-floatable objects may or may not be in direct contact with the water surface; however they will eventually sink to the bottom of the body of water it was placed in due to gravity.
The primary function of non-floatable items is to provide a stable platform for users.
Application Insights:
The marine equipment monitoring segment dominated the global GPS-enabled buoy market in terms of revenue share in 2017. The growth can be attributed to the rising demand for these products from various industries such as offshore, onshore and maritime. The oil spill tracking segment is expected to witness significant growth over the forecast period owing to increasing adoption of these products by governments worldwide, especially after a disaster occurs. For instance, after 2016 Rio Olympics closing ceremony; Brazil¢â‚¬â„¢s Ministry of Mines and Energy (MME) deployed 10 million pieces of floatable markers for oil spill cleanup activities along with six types of autonomous gliders that could track floating objects automatically using GPS technology. These devices helped authorities clean up nearly 1,000 tons oil from Guanabara Bay within two weeks time without relying heavily on human labor or expensive robots.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing investments by governments and other organizations for tracking and monitoring assets. For instance, In 2015, The National Oceanic & Atmospheric Administration (NOAA) launched a marine debris tracking system that notifies authorities about floating objects located near U.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising government initiatives for improving port safety standards across various countries such as India, China, Indonesia among others are expected drive regional demand during the forecast years.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for GPS-enabled buoys from the commercial sector for fisheries management, shipping and other marine applications
- Development of next-generation GPS-enabled buoys with enhanced features and capabilities
- Growing popularity of recreational boating and sailing activities
- Proliferation of smart devices and apps that can be used to track or monitor buoy location and performance data
- Increased funding for research and development initiatives on GPS-enabled buoy technology
Scope Of The Report
Report Attributes
Report Details
Report Title
GPS-enabled Buoy Market Research Report
By Type
Floatable, Non Floatable
By Application
Oil Spill Tracking, Marine Equipment Monitoring, Fishery, Port Security, Others
By Companies
Marine Instruments S.A., Seamap/MIND Technology, Inc., ORBCOMM, Iridium Communications Inc, SRT Marine Systems plc, Essi, Argos, Marine Instruments S.A.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global GPS-enabled Buoy Market Report Segments:
The global GPS-enabled Buoy market is segmented on the basis of:
Types
Floatable, Non Floatable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Spill Tracking, Marine Equipment Monitoring, Fishery, Port Security, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Marine Instruments S.A.
- Seamap/MIND Technology, Inc.
- ORBCOMM
- Iridium Communications Inc
- SRT Marine Systems plc
- Essi
- Argos
- Marine Instruments S.A.
Highlights of The GPS-enabled Buoy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Floatable
- Non Floatable
- By Application:
- Oil Spill Tracking
- Marine Equipment Monitoring
- Fishery
- Port Security
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the GPS-enabled Buoy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A GPS-enabled buoy is a small, lightweight device that uses Global Positioning System (GPS) technology to track its location and transmit this information to a receiver. Buoys are typically used for navigation purposes, such as guiding ships through dangerous waters or locating lost objects.
Some of the major players in the gps-enabled buoy market are Marine Instruments S.A., Seamap/MIND Technology, Inc., ORBCOMM, Iridium Communications Inc, SRT Marine Systems plc, Essi, Argos, Marine Instruments S.A..
The gps-enabled buoy market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 GPS-enabled 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 GPS-enabled Buoy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 GPS-enabled 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 GPS-enabled 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 GPS-enabled Buoy Market Size & Forecast, 2018-2028
4.5.1 GPS-enabled Buoy Market Size and Y-o-Y Growth
4.5.2 GPS-enabled Buoy Market Absolute $ Opportunity
Chapter 5 Global GPS-enabled Buoy Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 GPS-enabled Buoy Market Size Forecast by Type
5.2.1 Floatable
5.2.2 Non Floatable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global GPS-enabled 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 GPS-enabled Buoy Market Size Forecast by Applications
6.2.1 Oil Spill Tracking
6.2.2 Marine Equipment Monitoring
6.2.3 Fishery
6.2.4 Port Security
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global GPS-enabled 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 GPS-enabled 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 GPS-enabled Buoy Analysis and Forecast
9.1 Introduction
9.2 North America GPS-enabled 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 GPS-enabled Buoy Market Size Forecast by Type
9.6.1 Floatable
9.6.2 Non Floatable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America GPS-enabled Buoy Market Size Forecast by Applications
9.10.1 Oil Spill Tracking
9.10.2 Marine Equipment Monitoring
9.10.3 Fishery
9.10.4 Port Security
9.10.5 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 GPS-enabled Buoy Analysis and Forecast
10.1 Introduction
10.2 Europe GPS-enabled 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 GPS-enabled Buoy Market Size Forecast by Type
10.6.1 Floatable
10.6.2 Non Floatable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe GPS-enabled Buoy Market Size Forecast by Applications
10.10.1 Oil Spill Tracking
10.10.2 Marine Equipment Monitoring
10.10.3 Fishery
10.10.4 Port Security
10.10.5 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 GPS-enabled Buoy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific GPS-enabled 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 GPS-enabled Buoy Market Size Forecast by Type
11.6.1 Floatable
11.6.2 Non Floatable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific GPS-enabled Buoy Market Size Forecast by Applications
11.10.1 Oil Spill Tracking
11.10.2 Marine Equipment Monitoring
11.10.3 Fishery
11.10.4 Port Security
11.10.5 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 GPS-enabled Buoy Analysis and Forecast
12.1 Introduction
12.2 Latin America GPS-enabled 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 GPS-enabled Buoy Market Size Forecast by Type
12.6.1 Floatable
12.6.2 Non Floatable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America GPS-enabled Buoy Market Size Forecast by Applications
12.10.1 Oil Spill Tracking
12.10.2 Marine Equipment Monitoring
12.10.3 Fishery
12.10.4 Port Security
12.10.5 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) GPS-enabled Buoy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) GPS-enabled 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) GPS-enabled Buoy Market Size Forecast by Type
13.6.1 Floatable
13.6.2 Non Floatable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) GPS-enabled Buoy Market Size Forecast by Applications
13.10.1 Oil Spill Tracking
13.10.2 Marine Equipment Monitoring
13.10.3 Fishery
13.10.4 Port Security
13.10.5 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 GPS-enabled Buoy Market: Competitive Dashboard
14.2 Global GPS-enabled Buoy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Marine Instruments S.A.
14.3.2 Seamap/MIND Technology, Inc.
14.3.3 ORBCOMM
14.3.4 Iridium Communications Inc
14.3.5 SRT Marine Systems plc
14.3.6 Essi
14.3.7 Argos
14.3.8 Marine Instruments S.A.
