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.”