Oceanographic Monitoring System Market Continues To Grow As Ocean Scientific International Ltd. (OSIL) Collaborates With The University Of Rhode Island To Provide Oceanographic Buoy Systems And Land-Based Deck Unit For Ongoing Oceanographic Research

 

Oceanographic Monitoring System Market

A major portion of the Oceanographic Satellite Process involves the use of oceanographic sensors. These sensors are typically used to record data from an oceanographic survey or to map sea floors, sedimentation zones, and other physical characteristics of the seafloor. Considering the regional impact, emerging economies from the Asia Pacific including Japan and Indonesia have seemed to exhibit high growth in the oceanographic monitoring system market. This is due to the fact that these countries are highly prone to tsunamis and earthquakes, which has compelled governments of these countries to adopt oceanographic monitoring system solutions.  

The coastal regions often face natural calamities, which include tsunamis, hurricanes, floods, and earthquakes. It has become imperative to monitor the changing weather in the climate and alert the people living in those areas so the loss of life can be avoided. The World Health Organization (WHO) says that in 2018, over 500,000 earthquakes occur annually, while 100 of those cause serious damage. In 2004, the tsunami in the Indian Ocean caused over 230,000 deaths, while in 2018, an earthquake and tsunami in Indonesia led to the death of around 2,000 people. As a result of this, the government authorities are increasingly adopting advanced monitoring solutions such as oceanographic monitoring systems to reduce the destruction caused by natural calamities. Thus, such factors can augment growth of the oceanographic monitoring system market.

Regardless, the scarcity of necessity of resources to manage the dynamically changing technological environment remains a major hurdle in the adoption of such systems, which could remarkably limit growth of the oceanographic monitoring system market.

Oceanographic studies are required for a wide variety of purposes including the development of policies for shipping, oil drilling, and marine protected areas. One type of physical oceanographic survey that is commonly used is the electronic oceanographic survey. Some of the more popular oceanographic surveying instruments are physical surveys such as acoustic teleducers, electronic sensors, radar, laser instruments, and multi-beam sensors. Each of these has its own set of capabilities that can be applied to the ocean environment. Similarly, many organizations have started adopting these solutions, in order to monitor the state of oceans on a regular basis and identify potential environmental hazards. Such activities can stimulate growth of the oceanographic monitoring system market in the near future.

Recently, in December 2020, Ocean Scientific International Ltd. (OSIL) collaborated with the University of Rhode Island where OSIL will provide oceanographic buoy systems and land-based deck units for ongoing oceanographic research.

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