Subsea Navigation And Tracking Market Competitive Growth Strategies Based on Type, Applications, End User and Region
Subsea navigation & tracking is a system used for the navigation and tracking of underwater divers as well as vehicles by means of direction measurements/acoustic distance and subsequent position triangulation. Subsea navigation & tracking systems are generally used for a variety of underwater tasks such as ocean sciences,oil and gas exploration, salvage operations, marine archaeology and military activities. Moreover, offshore industries also utilize subsea navigation & tracking systems in a whole set of operations such as exploration, hydrographic survey, drilling, construction survey, dynamic positioning, production, and decommissioning. On the basis of application, oil & gas exploration will hold a dominant share over the forecast period and is estimated to grow at a stable pace owing to growing demand for subsea navigation & tracking in regions such as the North America, Europe and Japan.
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Global Subsea Navigation & Tracking Market: Dynamics
Drivers:
Growing ocean science study & research and growing
subsea search activities are estimated to fuel the global subsea & tracking
market over the forecast period. Growing worldwide demand for oil & gas
exploration is also estimated to lead to an increase in demand for subsea
navigation & tracking systems.
Restraints:
Long-baseline (LBL) systems-area of operation, limited to
location of subsea reference beacons, will most likely hamper the growth of
global subsea navigation & tracking market in future.
Some deep-water issues such as limited range due to signal
fading, slow update rates due to signal travel time and reduced accuracy and
robustness of USBL systems are also likely hamper the growth of global subsea
navigation & tracking market in future.
Global Subsea Navigation & Tracking Market:
On the basis of type, the global subsea & tracking
market can be segmented into short-baseline (SBL) systems, long-baseline (LBL)
systems, ultra short baseline (USBL) systems and GPS intelligent buoys (GIB)
systems.
On basis of end-use, the global subsea & tracking market
can be segmented into ocean sciences, oil and gas exploration, salvage
operations, marine archaeology and military activities.
Global Subsea Navigation & Tracking Market: Regional
Outlook
Geographically, the global subsea navigation & tracking
market can be divided into these major regions — North America, Latin America,
Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.
North America and Europe, with their developed offshore
industry, will be the leading regional markets, capturing a substantial share
of the global market. The Asia-Pacific region is also expected to witness high
growth rate in coming years. Latin America and Eastern Europe are estimated to
register fastest CAGR growth.
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Global Subsea Navigation & Tracking Market Players:
Examples of some of the market participants in the global
subsea navigation & tracking market identified across the value chain
include
- LinkQuest,
Inc.
- iXBlue.
- Applied
Acoustic Engineering.
- EvoLogics
GmbH
- Planet
OS Inc.
- Kongsberg
Gruppen
- SONARDYNE
- Desert
Star Systems LLC
- AML
Oceanographic
- Nautronix
- ROMONA
Inc.
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to market segments such as
geographies, application, and industry.
Regional analysis includes:
- North
America (U.S., Canada)
- Latin
America (Mexico. Brazil)
- Western
Europe (Germany, Italy, France, U.K, Spain)
- Eastern
Europe (Poland, Russia)
- Asia
Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle
East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
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Subsea navigation & tracking system are also referred to
as “underwater acoustic positioning systems”. The subsea navigation &
tracking system are classified into short-baseline (SBL) systems,long-baseline
(LBL) systems, ultra short baseline (USBL) systems and GPS intelligent buoys
(GIB) systems. Owing to high accuracy and robustness of system, the long-baseline
systems disproportionally hold a major market share. On other hand, since
ultra-short baseline systems require only one transponder, the market for them
is estimated to grow at fastest CAGR over the forecast period.The subsea
navigation & tracking market has gone through high technological
advancement in recent years. Major Key manufacturers are focusing on improving
accuracy and stability, which, in turn, requires high capacity sensors. These
technological advancements as well as the development of different types of
innovative subsea navigation & tracking systems are contributing to the
growth of the global subsea navigation & tracking market.
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