GLOBAL ACOUSTIC POSITIONING SYSTEM MARKET

 

KEY FINDINGS

1. The oil and gas industry is the largest user of APS, accounting for over 50% of the global market in 2023. The increasing demand for oil and gas, coupled with the growing need for deepwater exploration and production, is driving the demand for APS in this industry.
2. The offshore construction industry is another major user of APS. APS is used in offshore construction to track the position of vessels and equipment, and to ensure the accuracy of construction activities.
3. The maritime industry is also using APS increasingly. APS is used in the maritime industry to track the position of vessels and to improve safety and navigation.
4. The Asia Pacific region is expected to be the fastest-growing market for APS in the coming years. The growth in the Asia Pacific region is attributed to the increasing investments in oil and gas exploration and production, offshore construction, and maritime activities.
5. APS is used in the maritime industry to track the position of vessels and to improve safety and navigation. The increasing global trade and the rising number of vessels in operation are driving the demand for APS in this industry.
6.  Emerging economies, such as China, India, and Brazil, are investing heavily in oil and gas exploration and production, offshore construction, and maritime activities. This is driving the demand for APS in these countries.
7. APS is being increasingly adopted in new applications, such as underwater robotics, autonomous vehicles, and augmented reality/virtual reality (AR/VR). This is expanding the market for APS.
8. The development of low-cost, high-performance APS systems is expected to make APS systems more accessible to a wider range of users. This is expected to drive the adoption of APS systems in new applications and industries.

 

 

INTRODUCTION

 A system for tracking and navigating underwater vehicles or divers using acoustic distance and/or direction measurements and subsequent location triangulation is known as an underwater acoustic positioning system.

 

Across a wide range of underwater tasks, such as oil and gas exploration, ocean sciences, salvage operations, marine archaeology, law enforcement, and military operations, underwater acoustic positioning devices are frequently utilised.

 

Range from a submersible-mounted transducer to additional transducers at known locations with known spacing is calculated by an acoustic positioning system.

 

By calculating the one-way or round-trip timing, this enables an exact range computation with correction for water temperature, salinity, and density.

 

MARKET OVERVIEW

The global acoustic positioning system market is a dynamic and rapidly evolving sector that plays a crucial role in various industries, including underwater exploration, marine navigation, and offshore resource extraction. Acoustic positioning systems rely on the use of sound waves to determine the location and orientation of objects or assets in a three-dimensional space.

 

The global acoustic positioning system market has experienced consistent growth over the past decade, the market was estimated to be valued in the range of several billion dollars in recent years, and it continues to expand as new applications emerge.

 

The market is truly global, with strong demand in coastal regions, as well as in areas with high offshore energy activities. Leading regions include North America, Europe, and Asia, where maritime industries and scientific research drive demand.

 

As technology continues to advance, the acoustic positioning system market is likely to grow and diversify further. New applications in underwater communication, autonomous navigation, and marine resource management are expected to emerge, contributing to sustained growth.

 

GLOBAL ACOUSTIC POSITIONING SYSTEM MARKET SIZE AND FORECAST

 

 

 The Global Acoustic positioning system Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

 

Kongsberg Maritime, another leading provider of APS systems, has won a contract to supply APS systems for a new offshore wind project in the North Sea. The project will involve the installation of 100 wind turbines and Kongsberg Maritime will supply its HiPAP APS system for the project.

 

Fugro, a leading provider of marine geospatial data and services, has won a contract to provide APS services for a new oil and gas project in the Gulf of Mexico. The contract will involve the provision of APS services for the installation of a new subsea pipeline.

 

 

 

TRENDS IN GLOBAL ACOUSTIC POSITIONING SYSTEM MARKET

• Increasing adoption of APS in new applications: APS is being increasingly adopted in new applications, such as underwater robotics, autonomous vehicles, and augmented reality/virtual reality (AR/VR). For example, APS is used to position underwater robots for inspection and maintenance tasks, to navigate autonomous vehicles in challenging environments, and to provide location-based information for AR/VR experiences.
• Development of new APS technologies: New APS technologies are being developed that improve the accuracy, reliability, and ease of use of APS systems. For example, multi-frequency APS systems are more accurate and reliable than traditional single-frequency systems, and APS systems integrated with artificial intelligence and machine learning can automatically compensate for environmental factors and interference from other acoustic systems.
• Growing demand for APS from emerging economies: Emerging economies, such as China, India, and Brazil, are investing heavily in oil and gas exploration and production, offshore construction, and maritime activities. This is driving the demand for APS in these countries.
• Use of APS in the metaverse: The metaverse is a virtual world that is being developed by companies such as Meta and Microsoft. APS could be used to position users and objects in the metaverse, and to provide location-based information and experiences.
• Integration of APS with other technologies: APS is being increasingly integrated with other technologies, such as artificial intelligence, machine learning, and augmented reality. This is making APS systems more intelligent, capable, and easier to use.
• Development of low-cost, high-performance APS systems: The development of low-cost, high-performance APS systems is making APS systems more accessible to a wider range of users. This is expected to drive the adoption of APS in new applications and industries.

 

MARKET SEGMENTATION

By Type

• Ultra-short baseline (USBL)
• Long baseline (LBL)
• Hybrid APS

 

By Application

• Oil and gas
• Offshore construction
• Maritime
• Others

 

By End-Users

• Government and Defense Organizations
• Research and Scientific Institutions
• Energy and Offshore Industry
• Commercial Diving and Underwater Services

 

By Geography

• North America
• Europe
• China
• Asia Ex China
• ROW

 

NEW PRODUCT LAUNCH

Exail Launches New Compact USBL Positioning System for Permanent Vessel Installation.Exail, a top supplier of cutting-edge navigation, positioning, and imaging systems, introduces the Gaps M3, a revolutionary, portable, and reasonably priced subsea acoustic positioning system for long-term vessel installation.

 

Although Gaps M3 is a USBL positioning system without an incorporated inertial navigation system (INS), operators who can rely on their existing onboard navigation systems might choose it as a cost-effective option.

 

Gaps M3, which is designed for permanent USBL installations, can in fact be connected to on-board navigation systems to give users ongoing access to high-level precision that satisfies all operational needs for survey and Dynamic Positioning (DP) operations.

 

Gaps M3 integrated MEMS Attitude and Heading Reference System allows for continued deployments from opportunity vessels (AHRS).

 

The Gaps M3 builds on the Gaps Series’ well-known features by having a 3D, 4-hydrophone acoustic antenna with a maximum 200° aperture and new telemetry features that enable sophisticated acoustic communication capabilities.

 

When numerous vehicles need to be identified concurrently and in 360 degrees, it delivers real horizontal tracking and communication capabilities in shallow and deep water.

 

The Gaps M3 is offered in two versions: an export-free version with a maximum operating range of 995 metres, and an extended range version allowing operations to depths of more than 4000 metres.

 

COMPANY PROFILE

• Electric Company 
• Rolls-Royce plc
• ABB Group
• L-3 Communications Holdings Inc
•  Wartsila Oyj Abp
•  Kongsberg Gruppen ASA
• Sonardyne International
• Kongsberg Maritime
• Teledyne Technologies
• IXSEA
• Fugro
• CodaOctopus Group
• Tritech International
• Reson A/S
• Norbit Subsea
• Ashtech

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. Market share of Global Acoustic positioning system market manufacturers and their upcoming products
2. Cost advantage for OEMs who manufacture Global Acoustic positioning system in-house
3. key predictions for next 5 years in Global Acoustic positioning system market
4. Average B-2-B Acoustic positioning system market price in all segments
5. Latest trends in Acoustic positioning system market, by every market segment
6. The market size (both volume and value) of the Acoustic positioning system market in 2023-2030 and every year in between?
7. Who are the major players in the global acoustic positioning system market, and what is their market share?
8. How does the environmental impact of acoustic positioning systems affect their adoption and regulatory environment?
9. What technological advancements are driving innovation in acoustic positioning systems?
10. Which geographical regions have the highest demand for acoustic positioning systems, and why?
11. How are acoustic positioning systems integrated with other navigation technologies, such as GPS, for enhanced accuracy?
12. What are the key challenges facing the acoustic positioning system market, and how are they being addressed?
13. What emerging trends in the market should businesses be aware of to stay competitive?
14. How are acoustic positioning systems used in underwater communication and autonomous navigation?
15. What is the role of acoustic positioning systems in supporting offshore energy projects, such as wind farms and oil rigs?
16. How do acoustic positioning systems contribute to marine resource management and conservation efforts?
17. What are the potential future applications for acoustic positioning systems in industries beyond marine and underwater exploration?
18. How are governments and international organizations regulating the use of acoustic positioning systems to protect marine environments and wildlife?
19. How do market dynamics change during periods of economic downturn or global events affecting the maritime industry, such as pandemics or geopolitical tensions?
20. What are the major challenges and opportunities associated with the integration of acoustic positioning systems in autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs)?