Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,027 Million | USD 2,775 Million | 6.43% | 2021 |
FrequentlyAsked Questions
Large-scale increase in offshore activities and prominent surge in requirement for underwater monitoring systems will boost market growth.
According to Zion market research report, The global Underwater Monitoring System for Oil and Gas Market accrued earnings worth approximately 1,027(USD Million) in 2021 and is predicted to gain revenue of about 2,775(USD Million) by 2028, is set to record a CAGR of nearly 6.43% over the period from 2022 to 2028.
North America will contribute lucratively towards the global market revenue over the projected timespan. The regional market surge is due to high investment made by industry participants in offshore exploration activities.
The key industry participants leveraging business space include Mitcham Industries, Sonardyne International, Teledyne Marine, Fugro, OceanServer Technology, Inc., KCF Technologies, DSPComm, Bowtech Products Limited, Schlumberger-OneSubea, and Kongsberg Maritime AS.
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