Market Overview:
The global high seas beacon buoys market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for navigational aids and exploration activities in offshore areas. Additionally, the growing awareness about safety and security measures is also propelling the growth of this market. Based on type, metal buoys are expected to account for a larger share of the global high seas beacon buoys market than plastic buoys during the forecast period. This can be attributed to their superior properties such as durability and resistance against corrosion. Based on application, navigation is expected to account for a larger share of the global high seas beacon buoys market than exploration during the forecast period.
Product Definition:
A high seas beacon buoy is a floating object that is used as a navigational aid for vessels. These buoys are typically brightly colored and marked with a large "H" to indicate their purpose. They are used to provide guidance for ships in areas where there are no land-based navigational aids.
Metal Buoys:
Metal buoys are a type of buoyant device used as an artificial reef in the marine environment. They are made from steel, aluminum or other metals and can be used for various applications including mooring, anchorages and sea water cooling. Metal buoys offer several advantages over traditional buoyancy devices such as lightweight & cost-effective, high durability & resistance to corrosion among others which is expected to drive their demand over the forecast period.
Plastic Buoys:
Plastic buoys are floating structures made of plastic and other composites. They are used as an alternative to traditional metal or concrete buoys in the high seas, for navigation purposes. Plastic buoyancy aids in keeping them afloat even in adverse weather conditions.
Application Insights:
The navigation application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growing need for high-precision positioning solutions, coupled with an increase in maritime trade activities, particularly between China and Japan, has led to increased demand for beacons from this application segment.
The exploration segment is expected to witness significant growth over the forecast period owing to rising oil & gas exploration activities across various regions including South America, Africa and Asia Pacific. Increasing offshore drilling activities have led to an increase in deployment of beacons on deepwater wells across several regions including Brazil and Indonesia which are anticipated fuel industry expansion further driving product demand globally over the coming years.
Regional Analysis:
Europe dominated the global high seas beacon buoys market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of numerous bodies, such as The Lighthouse Society and The Sea Cadet Corps, which work for marine safety and coastal awareness among others. Moreover, rising offshore activities coupled with growing oil & gas exploration activities are expected to drive the regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth owing to increasing maritime trade across key countries such as China and Japan along with other developing nations like South Korea and India that border Southeast Asian sea lanes. In addition, increasing offshore drilling activities in this region are further expected to boost product demand during the forecast period from 2018-2030 (forecast).
Growth Factors:
- Increasing demand for maritime security: The increasing incidents of piracy and terrorism have led to the growth of the maritime security market. This is expected to drive the demand for high seas beacon buoys in the coming years.
- Growing popularity of unmanned vessels: Unmanned vessels are increasingly being used in various applications such as military, commercial, and research purposes. This is expected to fuel the demand for high seas beacon buoys in the coming years.
- Development of advanced navigation systems: The development of advanced navigation systems has led to an increase in vessel traffic at sea ports and waterways around the world. This is expected to boost demand for high seas beacon buoys over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Seas Beacon Buoys Market Research Report
By Type
Metal Buoys, Plastic Buoys
By Application
Navigation, Exploration, Other
By Companies
FenderCare, Meritaito, Xylem, Zeniya Aluminum Engineering Group, Sealite, Ryokuseisha, Resinex, Corilla, Almarin, Mobilis, FenderCare, JFC Manufacturing Co Ltd, Mediterraneo Senales Maritimas, Carmanah Technologies Corporation, Shanghai Rokem, Woori Marine Co., Ltd., Gisman, Wet Tech Energy
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global High Seas Beacon Buoys Market Report Segments:
The global High Seas Beacon Buoys market is segmented on the basis of:
Types
Metal Buoys, Plastic Buoys
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
Navigation, Exploration, Other
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:
- FenderCare
- Meritaito
- Xylem
- Zeniya Aluminum Engineering Group
- Sealite
- Ryokuseisha
- Resinex
- Corilla
- Almarin
- Mobilis
- FenderCare
- JFC Manufacturing Co Ltd
- Mediterraneo Senales Maritimas
- Carmanah Technologies Corporation
- Shanghai Rokem
- Woori Marine Co., Ltd.
- Gisman
- Wet Tech Energy
Highlights of The High Seas Beacon Buoys 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:
- Metal Buoys
- Plastic Buoys
- By Application:
- Navigation
- Exploration
- Other
- 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 High Seas Beacon Buoys 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
High Seas Beacon Buoys are a type of maritime distress beacon. They are used to indicate the location of a ship in case it is lost or stranded at sea.
Some of the major companies in the high seas beacon buoys market are FenderCare, Meritaito, Xylem, Zeniya Aluminum Engineering Group, Sealite, Ryokuseisha, Resinex, Corilla, Almarin, Mobilis, FenderCare, JFC Manufacturing Co Ltd, Mediterraneo Senales Maritimas, Carmanah Technologies Corporation, Shanghai Rokem, Woori Marine Co., Ltd., Gisman, Wet Tech Energy.
The high seas beacon buoys market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Seas Beacon Buoys 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 High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Size & Forecast, 2018-2028
4.5.1 High Seas Beacon Buoys Market Size and Y-o-Y Growth
4.5.2 High Seas Beacon Buoys Market Absolute $ Opportunity
Chapter 5 Global High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Size Forecast by Type
5.2.1 Metal Buoys
5.2.2 Plastic Buoys
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Size Forecast by Applications
6.2.1 Navigation
6.2.2 Exploration
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Seas Beacon Buoys 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 High Seas Beacon Buoys 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 High Seas Beacon Buoys Analysis and Forecast
9.1 Introduction
9.2 North America High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Size Forecast by Type
9.6.1 Metal Buoys
9.6.2 Plastic Buoys
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 High Seas Beacon Buoys Market Size Forecast by Applications
9.10.1 Navigation
9.10.2 Exploration
9.10.3 Other
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 High Seas Beacon Buoys Analysis and Forecast
10.1 Introduction
10.2 Europe High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Size Forecast by Type
10.6.1 Metal Buoys
10.6.2 Plastic Buoys
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 High Seas Beacon Buoys Market Size Forecast by Applications
10.10.1 Navigation
10.10.2 Exploration
10.10.3 Other
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 High Seas Beacon Buoys Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Size Forecast by Type
11.6.1 Metal Buoys
11.6.2 Plastic Buoys
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 High Seas Beacon Buoys Market Size Forecast by Applications
11.10.1 Navigation
11.10.2 Exploration
11.10.3 Other
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 High Seas Beacon Buoys Analysis and Forecast
12.1 Introduction
12.2 Latin America High Seas Beacon Buoys 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 High Seas Beacon Buoys Market Size Forecast by Type
12.6.1 Metal Buoys
12.6.2 Plastic Buoys
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 High Seas Beacon Buoys Market Size Forecast by Applications
12.10.1 Navigation
12.10.2 Exploration
12.10.3 Other
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) High Seas Beacon Buoys Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Seas Beacon Buoys 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) High Seas Beacon Buoys Market Size Forecast by Type
13.6.1 Metal Buoys
13.6.2 Plastic Buoys
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) High Seas Beacon Buoys Market Size Forecast by Applications
13.10.1 Navigation
13.10.2 Exploration
13.10.3 Other
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 High Seas Beacon Buoys Market: Competitive Dashboard
14.2 Global High Seas Beacon Buoys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FenderCare
14.3.2 Meritaito
14.3.3 Xylem
14.3.4 Zeniya Aluminum Engineering Group
14.3.5 Sealite
14.3.6 Ryokuseisha
14.3.7 Resinex
14.3.8 Corilla
14.3.9 Almarin
14.3.10 Mobilis
14.3.11 FenderCare
14.3.12 JFC Manufacturing Co Ltd
14.3.13 Mediterraneo Senales Maritimas
14.3.14 Carmanah Technologies Corporation
14.3.15 Shanghai Rokem
14.3.16 Woori Marine Co., Ltd.
14.3.17 Gisman
14.3.18 Wet Tech Energy
