Ultra Short Base Line Positioning System Market

2021 Analysis and Review: Ultra Short Base Line Positioning System Market by Operating Frequency Range – 14 - 18 kHz and 20 - 30 kHz for 2021 – 2031

Ultra Short Base Line Positioning System Market Snapshot

Growing marine operations for commercial trade and recreational travel in recent years have bolstered the growth outlook for Ultra Short Base Line Positioning System for the upcoming decade. The market is set to reach a valuation of US$ 127.7 Mn by 2021, registering a CAGR of 5% through the projection period.

Revenues generated from deep nominal range of the Ultra Short Base Line Positioning System sales grew at a sound rate of 4.1% year over year in 2021. In terms of end users, the demand from the offshore equipment segment increased at 4.8% CAGR between 2020 and 2021, resulting in the combined USBL positioning system market year-over-year growth of 4.2% in 2021.

Key Points Covered in Ultra Short Base Line Positioning System Market Analysis

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Ultra Short Base Line Positioning System Market and How to Navigate
  • Recommendation on Key Winning Strategies

2016-2020 Ultra Short Base Line Positioning System Market Outlook Compared to 2021-2031 Forecast

Demand for ROV, AUV vessel positioning segment increased at 4.4% CAGR between 2020 and 2021, enabling the combined ultra short base line positioning system markets a year-over-year growth of 4.2% in 2021, according to the Future Market Insights report.

High requirements from the offshore vessel positioning in oil and gas exploration, and cargo ships, will drive the ultra-short base line positioning system market to rise at 5.8% CAGR between 2021 and 2031 in comparison to the 2.9% CAGR registered during 2016 – 2020.

In recent years, growth has been largely sluggish. Nevertheless, it can be attributed to cheaper acoustics and reliable technology. Deep sea diving in many countries like UAE, Singapore, Thailand, and more has become a tourist attraction owing to these systems being installed on newer boats and yachts to meet requisite safety standards.

The use of Ultra Short Base Line Positioning System in maritime and marine applications are gaining ground. An increasing number of ship owners, on–board engineers, and fleet managers have been using these systems to identify any potential obstacles in marine paths.

Key players in the market are involved in offering customized products which are further integrated with IoT and artificial intelligence to improve efficiency and precision. Manufacturers are designing and providing systems which not only provide real-time data but also provide predictions about the service life of the product to save costs on potential failures.

What is the Commercial Potential of Ultra Short Base Line Positioning Systems?

Key end users of ultra-short base line systems include researchers, surveyors, Navy, and recreation activity businesses for applications such as underwater photography, marine research and more.

In order to meet this demand, manufacturers introduced wireless data transmission facilities in these systems. This has reduced overall costs. If a failure occurs onboard or during an expedition the operator has to cease his/her work and return to the docks, which causes loss of time as well as money.

In countries such as Indonesia, Singapore, UAE, and Thailand Ultra Short Base Line Positioning Systems have been used for precautions and safety in recreational activities. For years the option of inverting an Ultra Short Base Line Positioning System was seen as having an operational advantage over conventional ultra-short base lines for deep tow fish tracking.

Notable improvements to the signal to noise ratio (SNR) at an inverted ultra-short base line transceiver on a quiet tow-fish vessel would allow for repeatable and longer acoustic tracking ranges, thereby paving the way for Ultra Short Base Line Positioning System sales.

What is the Impact of the COVID-19 Crisis on the Ultra Short Base Line Positioning System Market?

Manufacturing and supply chain activities faced a major slump owing to the COVID–19 pandemic. Manufacturing plant shutdowns and transport restrictions due to the nationwide lockdowns across the globe has resulted in a minor drop in the Ultra Short Base Line Positioning System sales.

However, once the economic activity returns to pre-crisis levels, industrial activity and economic growth is projected to follow the post 2008-crisis trend, with gradual growth for the next 5 years.

Country-wise Insights

Why Is the U.S. a Lucrative Market for Ultra Short Base Line Positioning Systems?

The U.S. is projected to continue as one of the most attractive markets during the forecast period according to Future Market Insights. According to the study, the U.S. is estimated to account for over 60% of the North America market through 2031.

Numerous medium to large enterprises in the country manufacture Ultra Short Base Line Positioning Systems which are used in myriad applications. Secondly, substantial investments for offshore oil and gas exploration activities also fuels the growth. Moreover, the prevalence of water sports and recreational activities in the country generates high demand from the tourism and leisure sector.

Why is Sales for Ultra Short Base Line Positioning Systems Rising in China?

Demand in the China market is expected to rise at 5.1% CAGR over the forecast period. The Ultra Short Base Line Positioning System market is driven by a developed oil and gas industrial landscape as well as the tourism industry which is backed by the government.

Substantial development in the oil and gas industry coupled with rapid growth in investments for marine sciences and underwater photography are likely to propel the growth in demand over the forecast period. Manufacturers from China are focusing on development of low cost and high efficiency Ultra Short Base Line Positioning Systems. This, in turn, is creating key opportunities for market growth.

What’s the Outlook on the Italy Ultra Short Base Line Positioning System Market?

Italy is anticipated to be one of the prominent markets for the Ultra Short Base Line Positioning System market. According to the research, it is estimated to account for 20% of total market share in the Europe.

It is also anticipated to expand with a significant growth rate over the forecast period. This is owing to the prevalence of major tourist trade coupled with substantial government and private investments in the development of the water sport and recreational activities in the country.

What’s the Outlook of Ultra Short Base Line Positioning Systems Sales in GCC Countries?

GCC countries are expected to be an attractive marketplace throughout the forecast period according to Future Market Insights. According to the research, GCC countries are expected to account for over 24% of the Middle East and Africa market through 2031.

It is estimated to witness prominent growth during the forecast period. The growth is attributable to the remarkable growth in the tourism and water sports sector in the UAE coupled with increasing defense spending in the GCC countries for strengthening naval defenses.

Category-wise Insights

Which Nominal Range is Top-selling?

Based on nominal range, deep the (up to 10,000 m) range is expected to have a higher market share in the market of nearly 57% in 2021. It has also become a mainstay in various applications such as ocean sciences, oil and gas exploration, salvage operations, marine archaeology, and more.

Which Antenna Aperture is Preferred for Ultra Short Base Line Positioning Systems?

Ultra Short Base Line Positioning Systems with 200 degrees is expected to hold a market share of more than 45%. 200-degree aperture Ultra Short Base Line Positioning Systems have applications in offshore industries for operations such as exploration, hydrographic surveys, drilling, construction surveys, dynamic positioning, production, and decommissioning.

Rising investments for marine sciences are bolstering the demand for 200-degree aperture Ultra Short Base Line Positioning System.

Which End User Will Hold Dominant Market Share?

The market for ROV, AUV vessel positioning end use segment is expected to account for nearly 25% in the Ultra Short Base Line Positioning System market. The rising prominence of ROV, and AUV for offshore exploration, mining activities, oceanography surveys, and cartography is expected to augment demand over the forecast period.

Offshore vessel positioning is also estimated to account for nearly 22% of total market share. Furthermore, increasing prominence of watersports and recreational activities and underwater photography activities are also expected to witness a significant growth rate.

Competitive Landscape

Companies operating in the Ultra Short Base Line Positioning System market are establishing strategic partnerships with other market participants to expand their product portfolios to address the demand of an expanding pool of consumers. They are further producing the equipment that can be integrated with equipment from other OEMs.

  • For instance, the SeaRaptor 6000 AUVs by Teledyne Marine are equipped with iXblue PHINS 6000 INSs.
  • VideoRay LLC manufacturers their products for cross-compatibility with TriTech’s marine industry products.
  • Applied Acoustic Engineering (AAE) and iXblue have started to promote the fully validated cross-compatibility between their acoustic positioning products, thereby creating a greater degree of flexibility across a wider market demographic.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa

Key Segments Covered

Technique, Operation, Application and Region

Key Companies Profiled

  • Kongsberg Maritime AS
  • Teledyne Marine
  • iXblue
  • ROV-Support A/S
  • EvoLogics GmbH
  • Sonardyne Holdings Limited
  • AAE Technologies Ltd.
  • Tritech International Limited
  • Imenco AS
  • Deep Trekker Inc.
  • VideoRay LLC
  • Link Quest Inc.
  • Blueprint Design Engineering Ltd.
  • Beringia Enterprises LLC (DiveNET)
  • EdgeTech

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered in Report

  • At what rate is the Ultra Short Base Line Positioning System market set to grow?

    The Ultra Short Base Line Positioning System market will grow at a 5% CAGR from 2021 to 2031.

  • What will be the Ultra Short Base Line Positioning System market value in 2021?

    The Ultra Short Base Line Positioning System market is valued at US$ 127.7 Mn in 2021.

  • How fast did the Ultra Short Base Line Positioning System market grow in the last 5 years?

    The Ultra Short Base Line Positioning System market grew at 1.6% CAGR from 2016 to 2020.

  • Who are the top players in the Ultra Short Base Line Positioning System market and what is their share?

    Kongsberg Marine, Teledyne Marine, iXBlue, Sonardyne and Tritech International Limited are the leading players in the market, cumulatively accounting for 60% of the value share.

  • What is the North America Ultra Short Base Line Positioning System market outlook?

    The North America Ultra Short Base Line Positioning System market is set to grow at a 5.7% CAGR through the assessment period.

  • What are the growth prospects of the Europe Ultra Short Base Line Positioning System market?

    Europe is a key market for Ultra Short Base Line Positioning Systems, and will grow at a 5.4% CAGR through 2031.

  • What is the share of South Korea and Japan in the Ultra Short Base Line Positioning System market in 2021?

    South Korea and Japan cumulatively account for 3% of the global market share in 2021.

  • Which countries are the key exporters in the Ultra Short Base Line Positioning System market?

    The Nordics, Germany, the U.K. and the U.S. are leading exporters of Ultra Short Base Line Positioning Systems.

  • Who are the key producers in the Ultra Short Base Line Positioning System market?

    The Nordics, Germany, the U.K. and the U.S. are top producers of Ultra Short Base Line Positioning Systems.

  • What is the global y-o-y growth of the Ultra Short Base Line Positioning System market 2020 -2021?

    The Ultra Short Base Line Positioning System market reflected a 4.2% y-o-y growth from 2020 to 2021.

  • What are the key trends in the Ultra Short Base Line Positioning System market?

    Investments in technology research and the pursuit of online sales channels by OEMs are key trends driving the Ultra Short Base Line Positioning System market.

Ultra Short Base Line Positioning System Market by Category

By Operating Frequency Range:

  • 14-18 kHz
  • 20-30 kHz

By Nominal Range:

  • Shallow (upto 150 m)
  • Medium (upto 1,000 m)
  • Deep (upto 10,000 m)

By Antenna Aperture:

  • 70 Degree
  • 100 Degree
  • 200 Degree

By End User:

  • Offshore Equipment Positioning
  • ROV, AUV vessel positioning
  • Cartography
  • Diver Tracking
  • Naval SAR vessels
  • Underwater Photography/Cinematography
  • Tourism & Leisure
  • Marine Sciences

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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