Marine Industries Global Market Analysis - Marine Institute

MARINE INDUSTRIES GLOBAL MARKET ANALYSIS
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2 Introduction & Objectives
2.1 OBJECTIVES
The Marine Institute is the national agency charged with co-ordinating, supporting
and undertaking marine research and development in Ireland.The Institute aims to
maximise the contribution of the marine resource to sustainable economic
development and employment growth.
The Institute is embarking on the development of a new National Marine Research
& Innovation Strategy for the Marine Sector in Ireland.This strategy will address the
period 2006-2012.
This report was commissioned by the Marine Institute and completed in March
2005. Its aims are to act as an input to the strategy development process and
specifically to provide the following:
• An estimate of the global market for marine activities in 2004 for sub-sectors
defined by the Institute.
• An estimate of the Irish share of the market.
• An assessment of regional market trends and outturns over the period 1999-2004.
• An estimate of the global market and growth prospects by sub-sector over the
period 2005–2009.
• Comments on factors that will impact in the longer term – to 2012.
2.2 LONG-TERM TRENDS
Most business forecasting is based on five years, i.e. 2005 – 2009 for which this report
gives quantitive forecasts.
We believe that the major factors that will impact on the marine sector over the
period to 2012 are as follows:
• Political & economic change.
• Globalisation.
• Population growth & demographic change.
• Energy supply and demand, and prices.
• Environmental concerns & responses.
• Global terrorism – threats & responses.