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%, 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 have a wide range of capabilities, including frequency agility to support existing transducer installations, compatibility with traditional thermal record printing, and modern PC screen-based interfaces. However, as multi-beam echo sounders have evolved, their capabilities have expanded to include features such as pulse length, number of beams and coverage, and operating frequency, allowing them to be used in new applications.
Echo sounders are a type of Sound Navigation and Ranging (SONAR) device that records the time intervals between emission and pulse return to determine the depth of the water as well as the sound speed. Following the Titanic disaster in 1912, German physicist Alexander Behm developed the technique of echo sounding to detect icebergs and measure sea depth.
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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.
Here are some key takeaways about the echo sounders market:
- Echo sounders are devices that use sound waves to measure water depth and detect underwater objects. They are widely used in the marine industry for various applications such as navigation, fishing, and oceanographic research.
- The global echo sounders market is expected to grow significantly in the coming years, driven by increasing demand from the commercial fishing and shipping industries, as well as the growing need for underwater mapping and surveying.
- The market is segmented by type, technology, application, and geography. The different types of echo sounders include single beam, multi-beam, and side-scan sonar, while the different technologies used include analog and digital.
- North America and Europe are the leading regions in terms of market share, owing to the presence of several key players in the region and the growing demand for echo sounders in the commercial fishing industry.
- The key players in the echo sounders market include Kongsberg Gruppen, Garmin, Furuno Electric Co., Ltd., Navico, and Raymarine (FLIR Systems). These companies are investing in R&D activities to develop advanced echo sounders and expand their market presence.
- The adoption of new technologies such as artificial intelligence, machine learning, and big data analytics is expected to drive innovation in the echo sounders market, enabling real-time data analysis and decision-making.
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.
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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.
Key Segments Covered in the Echo Sounders Industry Analysis
Echo Sounders Market by Product Type:
- Single beam Echo Sounder
- Multi-beam Echo Sounder
Echo Sounders Market by Application:
- Echo Sounders for Fishing
- Echo Sounders for Marine Survey
- Echo Sounders for Other Applications
Echo Sounders Market by Usage:
- Fixed Echo Sounders
- Portable Echo Sounders
Echo Sounders Market by Frequency Range:
- Below 30 kHz Echo Sounders
- 30 to 100 kHz Echo Sounders
- Above 100 kHz Echo Sounders
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