The global Ultra Short Base Line Positioning Systems Market is projected to reach a value of US$ 135.3 million in 2022, with sustained demand expected for bridge expansion joints throughout the assessment period. Notably, the escalating demand for offshore equipment is poised to drive significant growth, reaching a remarkable valuation of US$ 256.8 billion by 2033, with a noteworthy Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2033. Anticipated market figures suggest a securement of US$ 143.4 million in 2023.
Although recent years have witnessed sluggish growth patterns, this trend can be attributed to the availability of more cost-effective acoustics and the reliability of associated technologies. Notably, the installation of ultra-short baseline positioning systems on newer boats and yachts has become increasingly prevalent in countries such as the United Arab Emirates, Singapore, and Thailand. This installation trend serves to enhance safety standards, making deep-sea diving activities a burgeoning tourist attraction in these regions.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13495
Growth Factors
Ultra-short baseline systems find key applications across a diverse array of end users, including researchers, surveyors, naval operations, and recreational businesses. These systems cater to a multitude of activities ranging from underwater photography to marine research, among others.
Manufacturers have responded to this demand by integrating wireless data transmission capabilities into these systems, effectively reducing overall operational costs. However, despite these advancements, any onboard failure or malfunction during expeditions necessitates the operator to halt work and return to the docks, resulting in both time and financial losses.
In regions such as Indonesia, Singapore, the United Arab Emirates, and Thailand, ultra-short baseline positioning systems have been adopted for precautionary and safety measures in recreational activities. For years, the option of inverting an ultra-short baseline positioning system has been viewed as advantageous in terms of operational efficiency, particularly in deep tow fish tracking applications, when compared to conventional ultra-short baselines.
Key Companies
- 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)
Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/13495
Market by Category
By Operating Frequency Range:
- 14-18 kHz
- 20-30 kHz
By Nominal Range:
- Shallow (up to 150 m)
- Medium (upto 1,000 m)
- Deep (up to 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)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
