Saturday, June 15, 2024

NOAA Report: U.S. Ocean Enterprise Sector Grew 60% Since 2015


The number of companies that provide the technologies to observe and measure ocean dynamics has grown significantly since 2015, according to a new National Oceanic and Atmospheric Administration report.

The U.S. Ocean Enterprise Report finds that this cluster of ocean research-related businesses, called the “Ocean Enterprise,” provides essential support to the US$2 trillion (~€1.77 trillion) global Blue Economy and has revenues of $8 billion (~€7.08 billion), saw a 60% growth of businesses — from 500 to 800 — between 2015 and 2020.

According to NOAA Administrator Rick Spinrad:

“Ocean Enterprise businesses provide observational technology and equipment essential to NOAA’s mission to take the pulse of the planet. Those businesses are also important users of NOAA’s publicly available data that they turn into actionable information and value-added products and services for a broad spectrum of end-uses — the raw material for building out the New Blue Economy, addressing everything from supporting renewable offshore energy development to ensuring efficient maritime commerce. Understanding the trends affecting these businesses allows NOAA to identify new opportunities and partnerships to further support the Blue Economy.”

You can find more information on the study here, or download the full report here.

John Liang
John Liang
John Liang is the News Editor at He first got the diving bug while in High School in Cairo, Egypt, where he earned his PADI Open Water Diver certification in the Red Sea off the Sinai Peninsula. Since then, John has dived in a volcanic lake in Guatemala, among white-tipped sharks off the Pacific Coast of Costa Rica, and other places including a pool in Las Vegas helping to break the world record for the largest underwater press conference.