Global Acoustic Doppler Current Profilers (ADCP) Market Growth 2019-2024

An acoustic Doppler current profiler (ADCP) is a hydroacoustic current meter similar to a sonar, attempting to measure water current velocities over a depth range using the Doppler effect of sound waves scattered back from particles within the water column. The term ADCP is a generic term for all acoustic current profilers although the abbreviation originates from an instrument series introduced by RD Instruments in the 1980s. The working frequencies range of ADCPs range from 38 kHz to several Megahertz.
The Acoustic Doppler Current Profilers (ADCP) industry concentration is very high; there are few manufacturers in the world, and high-end products mainly from U.S. and Western European.
Global giant manufactures mainly distributed in U.S. and E.U. Top 3 producers, i.e. Teledyne Marine (US), Nortek (Norway) and SonTek (US) dominated above 80% of the global market.
The key consumption markets locate at developed countries. The United States takes the market share of 32%, followed by EU with 31.1%. China’s consumption market has a quicker growing speed of CAGR 3.4%.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

According to this study, over the next five years the Acoustic Doppler Current Profilers (ADCP) market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 100 million by 2024, from US$ 86 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Acoustic Doppler Current Profilers (ADCP) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Acoustic Doppler Current Profilers (ADCP) market by product type, application, key manufacturers and key regions and countries.

This study considers the Acoustic Doppler Current Profilers (ADCP) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
2 Beams ADCP
3 Beams ADCP
4 Beams ADCP
5 Beams ADCP
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Bottom Tracking
Discharge Measurements
DVL
Wave Measurements
Turbulence

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Teledyne Marine
Nortek
LinkQuest
SonTek
HaiYing Marine
Rowe Technologies
Rickly
...

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Acoustic Doppler Current Profilers (ADCP) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Acoustic Doppler Current Profilers (ADCP) market by identifying its various subsegments.
Focuses on the key global Acoustic Doppler Current Profilers (ADCP) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Acoustic Doppler Current Profilers (ADCP) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Acoustic Doppler Current Profilers (ADCP) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.