Echo Sounders Market An Expected Closing Value Worth US$ 412 Million During 2022-2032, FMI

The global echo sounders market is anticipated to be worth US$ 298 million by the end of 2022. During the forecast period of 2022 to 2032, the market is estimated to grow at aCAGR of 3.3 percent, with a closing value of US$ 412 million. During the historical period 2016-2021, the market increased at a 2.9 percent CAGR.

Single beam echo sounders offer a wide range of capabilities, including frequency agility to support current transducer installations, compatibility for tried-and-true thermal record printing, and modern PC screen-based interfaces. However, as multi-beam echo sounders have evolved, systems now have expanded capabilities with features such as pulse length, number of beams & coverage, and operating frequency, allowing them to be used in new areas.

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Echo sounders are a type of Sound Navigation and Ranging (SONAR) used to determine the depth of the water along with sound speed by recording the time intervals between emission and pulse return. After the disaster of the Titanic in 1912, Alexander Behm, the German physicist, discovered the technique of echo sounding to detect icebergs and measure the depth of the sea.

Furthermore, a dual-beam technique in the 1970s, permitting direct fish size in-situ through target strength estimation was invented, followed by the development of the first portable split-beam hydro acoustic system for better accuracy and less variable estimation. The global echo sounders market is estimated to grow at a significant CAGR during the forecast period owing to low power consumption, inexpensive tools, and innovations in product development.

Echo Sounders Market: Dynamics Drivers:

Single beam echo sounders provide an inexpensive seabed mapping tool when attached to a recording device and GPS which is expected to enhance the growth of global echo sounders market during the forecast period. Furthermore, technological advancements in multi-beam echo sounders are potentially making them a cost-effective system. Moreover, the requirement for compact systems with low power consumption in autonomous or remotely operated vehicles are expected to augment the echo sounders market over the forecast period.

Restraints:

The speed of sound is directly proportional to density of the water that can be affected by various factors such as turbidity, temperature of water sample, pressure and salinity, and consequently expected to hamper the growth of the global echo sounders market during the forecast period.

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Trends:

With the development of the multi-beam echo sounders systems for offering narrow bandwidths, there is further demand for complementary increase in the number of beams provided to retain full ensonification of the seabed. Furthermore, to provide better control over the application and distribution of soundings, progress in the provision of greater number of soundings has been allied for advancement in beam-forming technology.

Echo Sounders Market: Region-wise Outlook

North America is expected to dominate the global echo sounders market during the forecast period owing to stringent marine regulations and awareness among consumers for better operations. Furthermore, Europe is estimated to witness significant growth rate during the forecast period owing to growing military & defense applications in France, the U.K. and other parts, with growing adoption of advance technologies for better and accurate results. Moreover, Asia Pacific is expected to register substantial growth over the forecast period majorly due to countries such as China, India and ASEAN, which deals with import and export through shipments as their way of business. The Latin America and Middle East & Africa markets are estimated to enhance the growth of the global echo sounders market due to adoption of single as well as multi-beam echo sounders for better safety and results.

Echo Sounders Market: Participants

Examples of some of the market participants in the global echo sounders market are:

• Kongsberg Maritime AS
• Navico
• Knudsen Engineering Ltd.
• Teledyne Odom Hydrographic, Inc.
• CEE HydroSystems
• FURUNO ELECTRIC CO., LTD.
• KAIZEN IMPERIAL
• Fugro
• Sonar Products Limited
• Neptune Sonar Ltd

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends and Issues and Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest Of Latin America)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Echo Sounders Market: Segmentation

The global echo sounders market can be segmented based on product type, application, usage and frequency range.

By Product Type, the global echo sounders market is segmented into:

• Single beam echo sounder
• Multi-beam echo sounder

By Application, the global echo sounders market is segmented into:

• Fishing
• Marine survey
• Others

By Usage, the global echo sounders market is segmented into:

• Fix
• Portable

By Frequency Range, the global echo sounders market is segmented into:

• Below 30 kHz
• 30 to 100 kHz
• Above 100 kHz