Doppler Velocity Logs Market is Estimated to Reach USD 295.02 Million by the end of 2028: Cognitive Market Research

Market Overview:
Doppler Velocity Log is a water velocity measuring device. DVL is a sensor for subsea navigation where satellite reception like GPS is not available. It is a navigation system used for distantly worked vehicles, autonomous underwater vehicles, light-weight planes, and used vehicles. A DVL simply monitors speed over a vehicle's bottom by delivering pings at a predetermined frequency from four transceivers. The frequency change from the sound reflects on the bottom of the transducer is utilized to determine the speed over the bottom or vehicle speed reference to the bottom.
In addition, the time between pings is utilized to estimate the distance travelled when pings are dispatched and received. This is accomplished through a lengthy pulse along at least three acoustic beams which each point in a different direction. This generates speed statistics in three-dimensional space which helps to determine users' position in those three directions.
The Doppler velocity logs consist of many components utilized in scientific explanations, business exploration, defense monitoring, and environmental protection. It offers a range of applications in oil and gas offshore companies. The applications for Offshore Oil and Gas DVL include surveys/base studies, construction and installation, drilling, production, and decommissioning phases.

Market Insight:
• Global Doppler Velocity Logs Market is expected to reach USD 295.02 Million by the end of 2028, growing at a CAGR of 4.59% between 2021 and 2028.
• Dual-axis DVL Revenue is estimated to reach at USD 186.10 Million in 2028

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Market Drivers:
• Rising spending on military and defense
Countries such as the US, Canada, France, and China are increasingly adopting doppler velocity logs for military & defense applications; this is driving the growth of the doppler velocity logs market.
Doppler velocity logs can be used as an important tool for underwater exploration activities in several military operations, which contributes for the growth of the market, during the estimated forecast period.
Moreover, the increase in the spending in the military operations, have increased significantly, which contributes for the growth of the market. The US, China, Russia and the UK are some of the countries, with the maximum military spending capacity. These factors, boost the growth and the adoption of the doppler velocity logs. These countries, accounted for around 62% of the spending logs.
According to the Stockholm International Peace Research Institute, the global military expenditure rose by 2.6% to USD 1.98 trillion last year even as some defense funds were reallocated to fight the COVID-19 pandemic. Thus, the increase in the adoption of new technologies in the military is one of the factors, which are expected to boost the adoption of the doppler velocity logs.
Increased demand for accuracy in navigation
• Restraints for Doppler Velocity Logs Market
Error in the software propagation and increased costs of the products
• Opportunities for Doppler Velocity Logs Market
Growth in the emerging market

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Market Segmentation:
Type:
• Dual-axis DVL
The Dual Axis Doppler Velocity Log uses the altered Doppler returns from high-frequency sound power delivered into the water for exact speed information, distances, and depth below the transducer. The signal is scattered from the bottom of the sea and/or distributed throughout the mass of the water. This system amplifies and analyses the input signal to calculate the Doppler shift. Dual-axis velocity logs provide athwart ship speed over ground, by employing additional transducers.

• Single-axis DVL
Doppler Velocity Log Single Axis monitors the vessel speed at all times, at all depths, through the water. The system consists of a single sensor installed in a valve or a tank. The display case may be installed wherever it is most suited to connect to the bridge and a connecting box is available.

Installation:
• AUV
Autonomous underwater vehicles (AUVs) often operate without tethers or with any direct surface input. In addition, the AUV generally cannot utilize an acoustic positioning system for navigation information while conducting long-range tasks. Therefore, a DVL in conjunction with an inertial sensor (IMU/INS) is the most utilized navigator for an AUV. It is widely used by military and civilian institutions to enhance accuracy and robustness, sustainability, and de-risking. DVL enhances the navigability of underground water for autonomous underwater vehicles for autonomy, resilience, and integrity, e.g., during sensor dropouts/failures or emergency navigation.
 
• ROV
A remotely operated vehicle (ROV) is a tethered submersible that can be controlled remotely. It is generally outfitted with cameras, echo sounders, and manipulators. The ROV operator can experience a high level of stability and control throughout the operation of the ROV using a Water Linked DVL. The enhanced stability can significantly improve the quality of the video, given the increased reliability of the ROV pilot.

• ASV
• Towfish
• Others

End User:
• Oil & gas
DVLs are used to determine the position of underwater navigation. It provides a range of marine oil and gas applications. Oil and gas DVL applications include surveys/base studies, building, and installation, drilling, manufacture, and decentralization. It became a pillar in the oil and gas industry for tasks such as valves opening and closing and testing under the sea. Additionally, DVL is applied to the hydrocarbon logging of wells for oil and gas exploration and increasing oil and gas reservoir productivity.

• Naval
Doppler Velocity Logs (DVLs) are devices that are widely used in naval applications. Underwater safety DVLs are used by the Navy for a variety of purposes, including marine environment assessments and asset monitoring. They can be used to give speed information about the vehicle on which they are placed concerning the seafloor. It can be installed on large ships as well as small vehicles to provide accurate velocity information.

• Environmental
• Commercial

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Competitive Analysis for Doppler Velocity Logs Market:
Teledyne, Nortek, SonTek, LinkQuest, Sonardyne International, Advanced Navigation, Furuno, Rowe Technologies, Raytheon, SAM Electronics, Skipper Electronics, Sperry Marine, BTIC (PTIC)

• Sonardyne
Sonardyne offers a wide range of products, which include doppler velocity log, modems, sonar, and others. The company offers several products, which comprises energy, defense, and science segment. Sonardyne offers services in several sectors such as offshore energy, maritime defense, and ocean science.

NEWS:
February 2021
• Sonardyne introduced Sprint-Nav, a hybrid navigator
Sonardyne launched a new high altitude variant hybrid navigator, named Sprint-Nav, which integrates with Syrinx DVL and pressure sensor for providing navigation and it allows uncrewed surface vessels (USVs) and underwater vehicles to extend their operational envelope.

February 2020
• Sonardyne acquired 2G Robotics
Sonardyne has engaged in acquisition with 2G Robotics, this acquisition is expected to strengthen its position in the market.

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