Underwater Monitoring System For Oil And Gas Market
PUBLISHED: 2025 ID: SMRC28284
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Underwater Monitoring System For Oil And Gas Market

Underwater Monitoring System for Oil and Gas Market Forecasts to 2030 - Global Analysis By Type (Riser Monitoring Systems, Pipeline Monitoring Systems, Subsea Surveillance Systems, Underwater Robots/ROVs and Other Types), Component, Application, End User and By Geography

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4.9 (19 reviews)
Published: 2025 ID: SMRC28284

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Underwater Monitoring System for Oil and Gas Market is accounted for $3.5 billion in 2024 and is expected to reach $5.3 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Underwater Monitoring System for oil and gas is a set of advanced technologies used to monitor and manage operations in offshore oil and gas production environments. These systems, which include sensors, cameras, acoustics, and remote-controlled devices, collect data on pressure, temperature, flow rates, and subsea equipment like pipelines, wells, and rigs. They enable real-time monitoring, allowing operators to detect potential issues like leaks, corrosion, or mechanical failures before they escalate. The data collected is then transmitted to surface platforms or control centers for analysis and decision-making.

Market Dynamics: 

Driver: 

Increased offshore exploration and production

The demand for advanced underwater monitoring technologies is increasing as offshore operations expand into deeper waters, requiring systems capable of withstanding extreme pressures, temperatures, and harsh environments. Moreover real-time monitoring and predictive maintenance are essential for the integrity of complex infrastructure, such as pipelines, subsea wells, and platforms, reducing operational downtime and maintenance costs, thus driving a substantial demand for more sophisticated monitoring solutions.

Restraint:

High installation and maintenance costs

High installation and maintenance costs can hinder the adoption of underwater monitoring systems, especially among smaller oil and gas operators. These companies may lack the financial resources to invest in advanced monitoring technologies or prioritize cost-cutting measures. This results in a concentrated market and limited growth potential for UMS technologies. Additionally, companies may delay or limit investment in advanced monitoring technologies, limiting the development of more efficient, automated, or integrated technologies.

Opportunity:

Rising concerns about subsea asset integrity

Concerns over subsea asset integrity have led to a shift towards predictive maintenance, where monitoring systems can forecast potential failures before they occur. By analyzing historical data and using machine learning algorithms, UMS can predict maintenance needs, allowing for scheduled interventions to prevent costly breakdowns or operational disruptions. This approach extends asset life, reduces inspection frequency, and lowers emergency repair costs, driving the development of more sophisticated monitoring systems with enhanced data analytics and predictive capabilities.

Threat:

Complexity of subsea environments

Subsea environments demand specialized monitoring systems that can withstand extreme pressures, temperatures, and corrosive conditions. This requires significant investment in research, materials, and components, making UMS more expensive for oil and gas operators. The complexity of these environments further complicates the creation of cost-effective solutions, as standard monitoring technologies often need to be customized, increasing upfront costs for companies.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the Underwater Monitoring System (UMS) market for oil and gas by disrupting global supply chains, delaying project timelines, and reducing exploration and production activities due to safety concerns and economic uncertainty. However, the pandemic also highlighted the importance of remote monitoring and automation, accelerating the adoption of advanced UMS technologies to ensure operational continuity and safety while minimizing physical interventions in offshore environments.

The riser monitoring systems segment is expected to be the largest during the forecast period

The riser monitoring systems is is expected to secure the largest market share throughout the forecast period due to constant motion and exposure to extreme pressures, temperatures, and corrosive seawater. Real-time monitoring of these systems helps operators assess their integrity and detect early failure signs. Advanced sensors in these systems monitor parameters like pressure, temperature, flow, and strain, reducing the risk of accidents, repairs, and production downtime, increasing demand for advanced underwater monitoring systems in the oil and gas sector.

The exploration & drilling segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the exploration & drilling segment is expected to witness the highest CAGR growth rate owing to specialized underwater monitoring systems for extreme conditions like high pressures, low temperatures, and corrosive seawater. As exploration extends to deeper subsea locations, the need for advanced underwater sensors, cameras, communication systems and data analytics tools increases. The expansion of exploration activities in remote offshore areas like the Arctic drives the demand for sophisticated UMS for continuous, accurate, and real-time monitoring.

Region with largest share:

The North America region is anticipated to hold the largest share of the market during the forecast period owing to North America, particularly the US and Canada which is home to significant offshore oil and gas reserves, including the Gulf of Mexico and Newfoundland and Labrador. These reserves require extensive underwater monitoring for safety and efficiency. The size and importance of these reserves drive demand for advanced underwater monitoring systems further boosting the market.

Region with highest CAGR:

Over the forecasted timeframe, the Asia Pacific region is anticipated to exhibit the highest CAGR due to growing energy technology sector, with countries like Japan and South Korea leading the way in developing advanced offshore technologies. Japan has invested heavily in subsea engineering and monitoring systems, while China has enhanced its offshore exploration capabilities. This trend is driving the UMS market, as oil and gas operators aim to improve efficiency, safety, and real-time monitoring for offshore operations.

Key players in the market

Some of the key players in Underwater Monitoring System for Oil and Gas market include BMT Group, Bowtech Products Limited, DSPComm, Force Technologies, Fugro, KCF Technologies, Kongsberg Maritime, Kraken Robotics, Mitcham Industries, OceanServer Technology, Inc., One Subsea, Pulse Structural Monitoring, Schlumberger-OneSubsea, Sonardyne  and Teledyne Marine .

Key Developments:

In April 2024, KCF Technologies announced a strategic partnership. This collaboration aims to offer a comprehensive solution for end-to-end reliability consulting, machine monitoring, and actionable predictive maintenance insights for electrical and mechanical assets.

In February 2024, BMT Group unveiled its first Service Operation Vessel (SOV) design, capable of being powered by methanol, potentially the e-fuel variant. This design aims to enhance sustainability in offshore operations, including those in the oil and gas sector, by reducing greenhouse gas emissions and increasing fuel efficiency.

Types Covered:
• Riser Monitoring Systems
• Pipeline Monitoring Systems
• Subsea Surveillance Systems
• Underwater Robots/ROVs
• Other Types 

Components Covered:
• Sensors 
• Communication Systems
• Data Analytics Platforms
• Other Components  

Applications Covered:
• Exploration & Drilling 
• Production & Storage 
• Pipeline Integrity 
• Environmental Monitoring 
• Asset Integrity & Maintenance 
• Other Applications  

End Users Covered:
• Oil & Gas 
• Subsea Contractors 
• Government & Regulatory 
• Energy & Utility 
• Consulting & Engineering 
• Other End Users  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface     
    
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Application Analysis       
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Underwater Monitoring System for Oil and Gas Market, By Type    
 5.1 Introduction        
 5.2 Riser Monitoring Systems       
 5.3 Pipeline Monitoring Systems       
 5.4 Subsea Surveillance Systems       
 5.5 Underwater Robots/ROVs       
 5.6 Other Types        
           
6 Global Underwater Monitoring System for Oil and Gas Market, By Component   
 6.1 Introduction        
 6.2 Sensors         
  6.2.1 Pressure Sensors       
  6.2.2 Temperature Sensors      
  6.2.3 Flow Meters       
  6.2.4 Acoustic Sensors       
 6.3 Communication Systems       
  6.3.1 Acoustic Modems       
  6.3.2 Electromagnetic Systems      
  6.3.3 Optical Systems       
 6.4 Data Analytics Platforms       
 6.5 Other Components        
           
7 Global Underwater Monitoring System for Oil and Gas Market, By Application   
 7.1 Introduction        
 7.2 Exploration & Drilling       
 7.3 Production & Storage       
 7.4 Pipeline Integrity        
 7.5 Environmental Monitoring       
 7.6 Asset Integrity & Maintenance       
 7.7 Other Applications        
           
8 Global Underwater Monitoring System for Oil and Gas Market, By End User   
 8.1 Introduction        
 8.2 Oil & Gas         
 8.3 Subsea Contractors        
 8.4 Government & Regulatory       
 8.5 Energy & Utility        
 8.6 Consulting & Engineering       
 8.7 Other End Users        
           
9 Global Underwater Monitoring System for Oil and Gas Market, By Geography   
 9.1 Introduction        
 9.2 North America        
  9.2.1 US        
  9.2.2 Canada        
  9.2.3 Mexico        
 9.3 Europe         
  9.3.1 Germany        
  9.3.2 UK        
  9.3.3 Italy        
  9.3.4 France        
  9.3.5 Spain        
  9.3.6 Rest of Europe       
 9.4 Asia Pacific        
  9.4.1 Japan        
  9.4.2 China        
  9.4.3 India        
  9.4.4 Australia        
  9.4.5 New Zealand       
  9.4.6 South Korea       
  9.4.7 Rest of Asia Pacific       
 9.5 South America        
  9.5.1 Argentina       
  9.5.2 Brazil        
  9.5.3 Chile        
  9.5.4 Rest of South America      
 9.6 Middle East & Africa       
  9.6.1 Saudi Arabia       
  9.6.2 UAE        
  9.6.3 Qatar        
  9.6.4 South Africa       
  9.6.5 Rest of Middle East & Africa      
           
10 Key Developments         
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 10.2 Acquisitions & Mergers       
 10.3 New Product Launch       
 10.4 Expansions        
 10.5 Other Key Strategies       
           
11 Company Profiling         
 11.1 BMT Group        
 11.2 Bowtech Products Limited       
 11.3 DSPComm        
 11.4 Force Technologies        
 11.5 Fugro         
 11.6 KCF Technologies        
 11.7 Kongsberg Maritime       
 11.8 Kraken Robotics        
 11.9 Mitcham Industries        
 11.10 OceanServer Technology, Inc.       
 11.11 One Subsea        
 11.12 Pulse Structural Monitoring       
 11.13 Schlumberger-OneSubsea       
 11.14 Sonardyne        
 11.15 Teledyne Marine        
           
List of Tables          
1 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Region (2022-2030) ($MN) 
2 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Type (2022-2030) ($MN) 
3 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Riser Monitoring Systems (2022-2030) ($MN)
4 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Pipeline Monitoring Systems (2022-2030) ($MN)
5 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Subsea Surveillance Systems (2022-2030) ($MN)
6 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Underwater Robots/ROVs (2022-2030) ($MN)
7 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Component (2022-2030) ($MN)
9 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Sensors (2022-2030) ($MN) 
10 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Pressure Sensors (2022-2030) ($MN)
11 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Temperature Sensors (2022-2030) ($MN)
12 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Flow Meters (2022-2030) ($MN)
13 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Acoustic Sensors (2022-2030) ($MN)
14 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Communication Systems (2022-2030) ($MN)
15 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Acoustic Modems (2022-2030) ($MN)
16 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Electromagnetic Systems (2022-2030) ($MN)
17 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Optical Systems (2022-2030) ($MN)
18 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Data Analytics Platforms (2022-2030) ($MN)
19 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Other Components (2022-2030) ($MN)
20 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Application (2022-2030) ($MN)
21 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Exploration & Drilling (2022-2030) ($MN)
22 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Production & Storage (2022-2030) ($MN)
23 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Pipeline Integrity (2022-2030) ($MN)
24 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Environmental Monitoring (2022-2030) ($MN)
25 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Asset Integrity & Maintenance (2022-2030) ($MN)
26 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Other Applications (2022-2030) ($MN)
27 Global Underwater Monitoring System for Oil and Gas Market Outlook, By End User (2022-2030) ($MN) 
28 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Oil & Gas (2022-2030) ($MN) 
29 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Subsea Contractors (2022-2030) ($MN)
30 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Government & Regulatory (2022-2030) ($MN)
31 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Energy & Utility (2022-2030) ($MN)
32 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Consulting & Engineering (2022-2030) ($MN)
33 Global Underwater Monitoring System for Oil and Gas Market Outlook, By Other End Users (2022-2030) ($MN)
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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