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Underwater Signaling Devices Market

Underwater Signaling Devices Market

Underwater Signaling Devices Market Forecast, Trend Analysis & Competition Tracking-Global Market Insights 2018 to 2028

Underwater Signaling Devices Market
FACT2097MR

Underwater Signaling Devices: Introduction

Underwater signaling devices are used as a means of communication between divers engaged in underwater activities. Deep sea and oceans are largely unexplored and are occupied by unknown and unpredictable marine life creatures, making communicating underwater an essential part for any underwater activity. Underwater signaling devices help divers to stay alert while approaching aquatic animals or any unforeseen danger. Being able to communicate with fellow divers, especially in case of emergencies, is very important for underwater diving activities.

Hence, the signaling devices form an essential part of diving kits. The two types of underwater signaling devices that are mainly used by divers are visual and audible. Visual underwater signaling devices mainly use strobe or other types of lights to signal or gain the attention of fellow divers, while the audible underwater signaling devices use sound.

The type of device used depends on various factors, such as time of day (day or night), environment and circumstance. Visual underwater signaling devices are used when it’s dark or in presence of aquatic animals, while audible underwater signaling devices are more preferred in case of extreme emergencies as they often annoy fellow divers or animals in the vicinity.

Underwater signaling devices are used by divers involved in scuba diving, navy, marine activities, underwater installations of pipelines and subsea operations in oil and gas industry. Often, underwater signaling devices can be the difference between life and death for the divers involved in marine activities.

Underwater Signaling Devices: Dynamics

Adventure and tourism segment will create major demand for underwater signaling devices as adventure activities, such as scuba diving and snorkeling, are gaining more popularity among tourists, especially millennials. This, in turn, is giving rise to more and more scuba diving centers around the world. Within the oil and gas industry, offshore field developments are on the rise given the exponential increase in the number of new fields discovered in North Sea, Gulf of Mexico and in the Pacific waters. Offshore installations require the use of divers and Remotely Operated Vehicles (ROVs) for the execution of various projects.

Hence, underwater signaling devices will witness greater demand from the oil and gas industry segment. Given their discreet nature, underwater signaling devices are also used by navy personnel engaging in complex underwater missions, but will account for the lowest market share.

Since, underwater signaling devices are essential for all underwater marine activities, there are not many factors challenging the growth of the market. However, audible devices may face some challenge as they annoy fellow divers during scuba diving activities and scare off animals.

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Underwater Signaling Devices: Regional Overview

North and Latin America have some of the best scuba diving locations spread across Mexico, Ecuador, Honduras and Belize and with the Gulf of Mexico being one of the most active offshore locations in the oil and gas industry, both regions will occupy strong market share for underwater signaling devices. Increased oil and gas activity in North Sea coupled with great adventure locations along the coastal line will help boost the underwater signaling devices market in Western Europe.

Asia-Pacific will also witness decent growth in the underwater signaling devices market given the presence of various islands and booming oil and gas activity in the Pacific waters. Middle East and Africa will register lowest growth in the underwater signaling devices market during the forecast period.

Global Underwater Signaling Devices: Key Players

Examples of some of the market participants identified across the value chain of the global Underwater Signaling Devices are:

  • XS Scuba
  • DiveAlert
  • Oceanears
  • SCUBAPRO
  • AQUATEC - DUTON INDUSTRY CO., LTD.
  • Lancaster Scuba Center
  • Innovative Scuba Concepts
  • Scuba Max

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

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

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Regional Segments Analyzed Include

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

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

  • Elaborated scenario of the parent market
  • Transformations in the market dynamics
  • Detailed segmentation of the target market
  • Historical, current and forecast market size based on value and volume
  • Latest industry developments and trends
  • Competition landscape
  • Strategies adopted by the market players and product developments made
  • Potential and niche segments, along with their regional analysis
  • Unbiased analysis on performance of the market
  • Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR

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Underwater Signaling Devices: Market Segmentation

On the basis of industry, the global Underwater Signaling Devices has been segmented as:

  • Oil & Gas
  • Marine
  • Adventure & Tourism
  • Others

On the basis of type, the global underwater signaling devices has been segmented as:

  • Visual underwater signaling devices
  • Audible underwater signaling devices

On the basis of depth, the global Underwater Signaling Devices has been segmented as:

  • Deep Water
  • Shallow Water 

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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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