Multibeam Echo Sounder Market
The market for Multibeam Echo Sounder was estimated at $1.3 billion in 2024; it is anticipated to increase to $2.0 billion by 2030, with projections indicating growth to around $3.0 billion by 2035.
Global Multibeam Echo Sounder Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Multibeam Echo Sounder industry revenue is expected to be around $1.4 billion in 2025 and expected to showcase growth with 8.4% CAGR between 2025 and 2034. The Multibeam Echo Sounder market shows strong growth because of multiple essential factors. The market expansion is mainly driven by rising customer needs for precise and detailed marine geospatial information. The market continues to grow because of technological sonar advancements and the increasing requirement for seabed mapping in offshore wind farm projects and submarine cable routes and marine construction activities.
The Multibeam Echo Sounder operates through multiple sound beams to produce detailed seafloor images. The device stands out for delivering precise bathymetric data which serves essential needs in maritime operations. The Multibeam Echo Sounder serves three primary applications which include hydrographic surveys and habitat mapping and archaeological site detection.
Market Key Insights
- The Multibeam Echo Sounder market is projected to grow from $1.3 billion in 2024 to $2.8 billion in 2034. This represents a CAGR of 8.4%, reflecting rising demand across Hydrographic Surveying, Offshore Oil & Gas Exploration and Marine Archaeology.
- Kongsberg Maritime, Teledyne Marine, Wrtsil are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Multibeam Echo Sounder market and are expected to observe the growth CAGR of 6.1% to 8.8% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 8.1% to 10.5%.
- Transition like Advancements in Hydrographic Surveying is expected to add $78 million to the Multibeam Echo Sounder market growth by 2030.
- The Multibeam Echo Sounder market is set to add $1.6 billion between 2024 and 2034, with manufacturer targeting Offshore Oil & Gas Exploration & Dredging Operations Applications projected to gain a larger market share.
- With Rising demand in hydrographic surveying, and Technological advancements in multibeam echo sounder systems, Multibeam Echo Sounder market to expand 124% between 2024 and 2034.