Market Overview:
The global marine multibeam system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial and military vessels, rising maritime traffic, and growing investments in scientific research. Based on type, the global marine multibeam system market is segmented into low frequency, medium frequency, and high frequency systems. Low frequency systems are used for shallow water applications while medium and high frequency systems are used for deep water applications. Based on application, the global marine multibeam system market is segmented into commercial vessels, military vessels, scientific research vessels, and other applications. Commercial vessels accounted for the largest share of the global marine multibeam system market in 2017 owing to increased maritime trade activities across different regions of the world. Military vessels are expected to grow at a higher CAGR during the forecast period as governments across different countries invest heavily in modernizing their naval fleets with advanced technologies such as sonar systems that help detect enemy submarines underwater.
Product Definition:
A Marine Multibeam System is a sonar system that uses multiple beams of sound to create a three-dimensional image of the seafloor. This system is important for marine navigation and mapping because it can produce detailed images of the seafloor that are accurate to within a few feet.
Low Frequency:
Low frequency (LF) is a type of electromagnetic wave with a low wavelength and high frequency. The lower the frequency, the higher the wave length. The normal human body does not possess organs capable of detecting such waves; however, special equipment can detect them and respond to them accordingly.
Medium Frequency:
The medium frequency (MF) is used in the marine multibeam system for collision avoidance and obstacle detection. MF comprises of short-range radio transmissions that are used to communicate with other vessels, coastal stations, and airports. It helps in receiving signals from shore based equipment such as GIS systems, weather instruments, etc. MF also enables vessel traffic services such as ship tracking and automatic identification system (AIS).
Application Insights:
The commercial application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the rising demand from oil and gas companies for marine exploration, which are deploying multibeam systems to scan the seabed for hydrocarbons. Furthermore, increasing offshore wind energy production is expected to drive product demand in this segment over the forecast period.
Military was one of the prominent applications accounting for a significant market share in 2017 owing to growing concerns regarding security threats along maritime trade lanes and resources at sea that need protection. Deployment of military grade MMS provides enhanced detection capabilities while assisting ships with navigation and targeting during naval warfare operations.
Regional Analysis:
Asia Pacific dominated the global marine multibeam system market in terms of revenue with a share of over 40% in 2017. This is attributed to increasing offshore oil and gas exploration activities coupled with rising military expenditure by China and India. Furthermore, growing demand for recreational boating is expected to drive the regional product demand over the forecast period.
North America accounted for a significant share of global revenue owing to high military spending by U.S., which accounts for nearly 4% of its GDP annually, as well as large-scale investments in new defense systems including Littoral Combat Ships (LCS) and Virginia Class submarines are anticipated to augment market growth during the forecast period from 2018 to 2030 (USD X million & USD X million respectively).
Growth Factors:
- Increasing demand for marine mapping and surveying services
- Rising popularity of unmanned surface vehicles (USVs)
- Proliferation of autonomous vessels
- Growing number of seafloor mapping projects worldwide
- Advances in multibeam technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Multibeam System Market Research Report
By Type
Low Frequency, Medium Frequency, High Frequency
By Application
Commercial, Military, Scientific, Other
By Companies
Nautikaris, Kongsberg Maritime, GeoAcoustics Ltd, WASSP, ITER Systems, Edgetech, Teledyne Marine, Baywei, iXblue, NORBIT Subsea, ELAC SONAR, R2Sonic, Mind Technology, Tritech, Imagenex, Seafloor Systems, Hydro-tech Marine, Startest Marine
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Marine Multibeam System Market Report Segments:
The global Marine Multibeam System market is segmented on the basis of:
Types
Low Frequency, Medium Frequency, High Frequency
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
Commercial, Military, Scientific, 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:
- Nautikaris
- Kongsberg Maritime
- GeoAcoustics Ltd
- WASSP
- ITER Systems
- Edgetech
- Teledyne Marine
- Baywei
- iXblue
- NORBIT Subsea
- ELAC SONAR
- R2Sonic
- Mind Technology
- Tritech
- Imagenex
- Seafloor Systems
- Hydro-tech Marine
- Startest Marine
Highlights of The Marine Multibeam System 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:
- Low Frequency
- Medium Frequency
- High Frequency
- By Application:
- Commercial
- Military
- Scientific
- 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 Marine Multibeam System 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.
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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 Marine Multibeam System (MBS) is a type of sonar system used to detect and track objects underwater. MBS systems use multiple beams to create an image of the surrounding area.
Some of the key players operating in the marine multibeam system market are Nautikaris, Kongsberg Maritime, GeoAcoustics Ltd, WASSP, ITER Systems, Edgetech, Teledyne Marine, Baywei, iXblue, NORBIT Subsea, ELAC SONAR, R2Sonic, Mind Technology, Tritech, Imagenex, Seafloor Systems, Hydro-tech Marine, Startest Marine.
The marine multibeam system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Multibeam System 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 Marine Multibeam System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Marine Multibeam System 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 Marine Multibeam System 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 Marine Multibeam System Market Size & Forecast, 2018-2028 4.5.1 Marine Multibeam System Market Size and Y-o-Y Growth 4.5.2 Marine Multibeam System Market Absolute $ Opportunity
Chapter 5 Global Marine Multibeam System 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 Marine Multibeam System Market Size Forecast by Type
5.2.1 Low Frequency
5.2.2 Medium Frequency
5.2.3 High Frequency
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Multibeam System 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 Marine Multibeam System Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Military
6.2.3 Scientific
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Multibeam System 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 Marine Multibeam System 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 Marine Multibeam System Analysis and Forecast
9.1 Introduction
9.2 North America Marine Multibeam System 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 Marine Multibeam System Market Size Forecast by Type
9.6.1 Low Frequency
9.6.2 Medium Frequency
9.6.3 High Frequency
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 Marine Multibeam System Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Military
9.10.3 Scientific
9.10.4 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 Marine Multibeam System Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Multibeam System 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 Marine Multibeam System Market Size Forecast by Type
10.6.1 Low Frequency
10.6.2 Medium Frequency
10.6.3 High Frequency
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 Marine Multibeam System Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Military
10.10.3 Scientific
10.10.4 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 Marine Multibeam System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Multibeam System 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 Marine Multibeam System Market Size Forecast by Type
11.6.1 Low Frequency
11.6.2 Medium Frequency
11.6.3 High Frequency
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 Marine Multibeam System Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Military
11.10.3 Scientific
11.10.4 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 Marine Multibeam System Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Multibeam System 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 Marine Multibeam System Market Size Forecast by Type
12.6.1 Low Frequency
12.6.2 Medium Frequency
12.6.3 High Frequency
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 Marine Multibeam System Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Military
12.10.3 Scientific
12.10.4 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) Marine Multibeam System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Multibeam System 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) Marine Multibeam System Market Size Forecast by Type
13.6.1 Low Frequency
13.6.2 Medium Frequency
13.6.3 High Frequency
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) Marine Multibeam System Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Military
13.10.3 Scientific
13.10.4 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 Marine Multibeam System Market: Competitive Dashboard
14.2 Global Marine Multibeam System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nautikaris
14.3.2 Kongsberg Maritime
14.3.3 GeoAcoustics Ltd
14.3.4 WASSP
14.3.5 ITER Systems
14.3.6 Edgetech
14.3.7 Teledyne Marine
14.3.8 Baywei
14.3.9 iXblue
14.3.10 NORBIT Subsea
14.3.11 ELAC SONAR
14.3.12 R2Sonic
14.3.13 Mind Technology
14.3.14 Tritech
14.3.15 Imagenex
14.3.16 Seafloor Systems
14.3.17 Hydro-tech Marine
14.3.18 Startest Marine