Underwater Navigation And Positioning Market Trends That Will Shape the Next Decade: Insights from Advancing Precision With RTK-Enabled Navigation and Surface-Based GPS Innovations

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How Large Will the Underwater Navigation And Positioning Market Size By 2025?
The size of the underwater navigation and positioning market has experienced substantial growth in the last few years. The market, which is anticipated to go up from $1.57 billion in 2024 to around $1.70 billion in 2025, is experiencing a compound annual growth rate (CAGR) of 7.7%. The historical period growth owes its increase to factors such as the surge in demand for offshore examination, an escalating need for subsea cartography, more acceptance of autonomous underwater vehicles, broadening of defense surveillance operations, and a rise in instances of environmental monitoring.

How Big Is the Underwater Navigation And Positioning Market Size Expected to Grow by 2029?
The market size of underwater navigation and positioning is projected to experience robust expansion in the coming years, increasing to $2.25 billion in 2029 with a compound annual growth rate (CAGR) of 7.4%. The spike during the forecast period can be associated with factors like the growing usage of hybrid navigation setups, the escalating requirement for deep-sea mining processes, the increasing demand for instantaneous submarine data, the growth of offshore renewable energy projects, and the trend towards adopting GPS-based solutions. Technological development in acoustic positioning systems, innovation in autonomous underwater vehicles, advancements in the integration of doppler velocity log, research and development investments for hybrid GPS-acoustic solutions, and progress towards improving real-time submarine tracking are some major forecasted trends.

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Which Key Market Drivers Powering Underwater Navigation And Positioning Market Expansion and Growth?
The increase in maritime security threats is anticipated to drive the growth of the underwater navigation and positioning market. Maritime security threats, which refer to any challenges that jeopardize the safety of vessels, ports, and maritime commerce, such as piracy, terrorism, trafficking, illegal fishing, and cyber risks, are becoming more prevalent due to increased geopolitical tensions leading to territorial disputes and higher chances of conflict at sea. By providing precise location information for vessels and underwater assets, underwater navigation and positioning contribute to maritime security, helping to monitor suspicious activities, secure ports, and hinder illegal operations at sea. For example, the ICC International Maritime Bureau, a UK-based organization, reported that the projected number of maritime security threats in the Singapore Straits has been climbing, with figures rising from 35 in 2021 to 38 in 2022. As such, the increasing instances of maritime security threats are propelling the growth of the underwater navigation and positioning market.

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Which Fast-Growing Trends Are Poised to Disrupt the Underwater Navigation And Positioning Market?
Leading businesses in the field of underwater navigation and positioning are shifting their focus towards the creation of innovative solutions like real-time kinematic (RTK)-enabled navigation. Their goal is to boost positioning accuracy, increase operational efficiency, and facilitate intricate subsea tasks. RTK-enabled navigation is a satellite-based positioning method providing exceptionally accurate, centimeter-level geolocation information in real time. This is accomplished by utilizing corrections from the global positioning system (GPS) or global navigation satellite system (GNSS) alongside reference stations. A case in point is Deep Trekker Inc., a manufacturing company based in Canada, who in October 2024, introduced a surface-based GPS navigation for remotely operated vehicles (ROVs). The system provides exact real-time positional tracking and recalibrates the vehicle's location every time it surfaces, thereby improving mission precision while decreasing dependence on complex acoustic systems. This results in reduced operational costs and setup time. Its function is to facilitate trustworthy underwater surveys, inspections, and asset management by integrating surface GPS data with underwater navigation paths to improve control and data quality.

What Are the Emerging Segments in the Underwater Navigation And Positioning Market?
The underwater navigation and positioning market covered in this report is segmented as

1) By Component: Hardware, Software, Services
2) By Technology: Acoustic Positioning Systems, Inertial Navigation Systems, Global Positioning System (GPS), Other Technologies
3) By Depth: Shallow Water, Deep Water
4) By Application: Commercial, Military, Scientific Research, Other Applications
5) By End User: Oil And Gas, Marine, Defense, Scientific Research, Other End Users

Subsegments:
1) By Hardware: Acoustic Transponders, Inertial Measurement Units (IMUs), Doppler Velocity Logs (DVLs)
2) By Software: Navigation Algorithms, Mapping And Visualization Software, Data Processing And Analysis Tools
3) By Services: Installation And Integration, Calibration And Maintenance, Training And Technical Support

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Who Are the Global Leaders in the Underwater Navigation And Positioning Market?
Major companies operating in the underwater navigation and positioning market are Thales Group, Kongsberg Maritime AS, General Dynamics Mission Systems Inc., Fugro N.V., Nortek AS, Teledyne Marine Inc., Exail, LinkQuest Inc., Sonardyne International Ltd., Advanced Navigation Pty Ltd, Saab Seaeye Ltd, EdgeTech Inc., EvoLogics GmbH, Applied Acoustics Engineering Ltd., Blueprint Subsea Ltd, Desert Star Systems LLC, RJE International Inc., Rowe Technologies Inc., Shark Marine Technologies Inc., Water Linked AS.

Which are the Top Profitable Regional Markets for the Underwater Navigation And Positioning Industry?
North America was the largest region in the underwater navigation and positioning market in 2024. The regions covered in underwater navigation and positioning report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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