Global Internal Systems in Subsea Application 2014 - 2019

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GLOBAL INERTIAL SYSTEMS IN SUBSEA APPLICATIONS 2014 - 2019 Market Shares, Forecasts & Trends

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TABLE OF CONTENTS 1. INTRODUCTION 1.1 Research Methodology

1 2

1.1.1 Definition of the Market

3

1.1.2 Report Description

4

1.1.3 Executive Summary

5

2. KEYFINDINGS OF THE STUDY

6

3. MARKET OVERVIEW

7

3.1 Market Segmentation

8

3.2 Overview

9

3.3 Industry Value Chain Analysis

10

3.4 Industry Attractiveness – Porter’s 5 Force Analysis

11

4. MARKET DYNAMICS

14

4.1 Introduction

15

4.2 Drivers

16

4.3 Constraints

23

5. Technology Overview

30

5.1 Technology Snapshot

31

5.2 Industry Applications

32

6. Different types of inertial sensors

33

6.1 Gyroscopes

34

6.2 Accelerometers

34

6.3 Inertial Measurement Units

34

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6.4 GPS/INS

35

6.5 Multi Axis Sensors

36

7. MARKET ANALYSIS AND FORECAST

37

7.1 Inertial Systems in Subsea Oil and Gas Operations

38

7.2 Role of Remotely Operated Vehicles and Autonomous Underwater Vehicles in Subsea Oil and Gas Production 7.3 Exploration

39 40

7.3.1 Overview

41

7.3.2 Drivers

42

7.3.2.1 Development in the Technology of Sensors

42

7.3.2.2 Increasing Oil and Gas Demand

44

7.3.3 Market Size and Forecast

45

7.3.4 Analyst View

47

7.4 Well Construction

48

7.5 Monitoring/Surveillance

56

7.6 Production and Operation

63

7.7 Repair and Maintenance

70

7.8 Other Services

77

7.9 Global Market Segmented by Equipment

78

7.9.1 Gyroscopes

79

7.9.2 Accelerometers

80

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7.9.3 Inertial Measurement Units

81

7.9.4 GPS/INS

82

7.9.5 Multi Axis Sensors

83

7.10 Global Market Segmented by Grade

84

7.10.1 Navigational

85

7.10.2 Tactical

86

7.10.3 Industrial

87

7.10.4 Automotive

88

7.11 Global Market - Segmented By Region

89

7.11.1 North America

90

7.11.1.1 USA

90

7.11.1.2 Canada

92

7.11.1.3 Others

94

7.11.2 Europe

96

7.11.2.1 Germany

98

7.11.2.2 United Kingdom

100

7.11.2.3 Spain

102

7.11.2.4 Others

104

7.11.3 APAC

106

7.11.3.1 Japan

108

7.11.3.2 China

110

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7.11.3.3 South Korea

112

7.11.3.4 Others

114

7.11.4 ROW

8. Competitive Landscape

116

118

8.1 Mergers & Acquisitions

120

8.2 Joint Ventures

121

8.3 New Product Launches

122

8.4 5 Biggest Companies by Revenue

123

8.5 2 Most active companies in the past three years

124

9. Company Profiles 9.1 Aeron

125 126

9.1.1 Overview 9.1.2 Major Products and Services 9.1.3 Financials 9.1.4 Recent Developments 9.2 MEMSIC

128

9.2.1 Overview 9.2.2 Major Products and Services 9.2.3 Financials 9.2.4 Recent Developments 9.3 Systron Donner 9.3.1 Overview 9.3.2 Major Products and Services 9.3.3 Financials 9.3.4 Recent Developments

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9.4 Trimble Navigation

132

9.4.1 Overview 9.4.2 Major Products and Services 9.4.3 Financials 9.4.4 Recent Developments 9.5 Lord Microstain

134

9.5.1 Overview 9.5.2 Major Products and Services 9.5.3 Financials 9.5.4 Recent Developments 9.6 Vectornav Technologies

136

9.6.1 Overview 9.6.2 Major Products and Services 9.6.3 Financials 9.6.4 Recent Developments 9.7 Systron Donner Inertial

138

9.7.1 Overview 9.7.2 Major Products and Services 9.7.3 Financials 9.7.4 Recent Developments 9.8 L3 Communications

140

9.8.1 Overview 9.8.2 Major Products and Services 9.8.3 Financials 9.8.4 Recent Developments 9.9 Ixblue 9.9.1 Overview 9.9.2 Major Products and Services 9.9.3 Financials

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9.9.4 Recent Developments 9.10 Honeywell

144

9.10.1 Overview 9.10.2 Major Products and Services 9.10.3 Financials 9.10.4 Recent Developments 9.11 SBG Systems

146

9.11.1 Overview 9.11.2 Major Products and Services 9.11.3 Financials 9.11.4 Recent Developments 9.12 Tyndall

148

9.12.1 Overview 9.12.2 Major Products and Services 9.12.3 Financials 9.12.4 Recent Developments 9.13 Moog

150

9.13.1 Overview 9.13.2 Major Products and Services 9.13.3 Financials 9.13.4 Recent Developments 9.14 Xsens

152

9.14.1 Overview 9.14.2 Major Products and Services 9.14.3 Financials 9.14.4 Recent Developments 9.15 Sagem 9.15.1 Overview 9.15.2 Major Products and Services

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9.15.3 Financials 9.15.4 Recent Developments

10. Appendix

156

10.1 Abbrevations

156

10.2 Sources

157

10.3 Bibliography

159

10.4 Disclaimer

159

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RESEARCH METHODOLOGY The research methodology can be put into the following sequence: 1) Secondary Research: Information was collected from a number of public and paid data sources. Public databases, company annual reports, white papers and research publications by recognized industry experts were utilized. Paid data sources include authentic industry databases. 2) Primary Research: After collecting data from secondary sources, primary interviews were conducted with stakeholders at different points of the value chain like manufacturers, oil and gas explorers, Robotics manufacturers and key opinion leaders of the industry. Primary research was used both to validate the data points obtained from secondary research and to fill the data gaps after secondary research. 3) Market Engineering: The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates. 4) Expert Validation: The market engineered data is verified and validated by a number of experts, both in-house and external. 5) Report Writing: After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

Subsea Applications in Inertial Systems | Sample

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MARKET OVERVIEW – INERTIAL SYSTEMS IN SUBSEA APPLICATIONS

The use of Inertial systems in subsea applications to reduce human intervention in Inertial Navigation and motion Sensing is on the rise. The compatibility with advanced technologies like MEMS has enabled the application of inertial systems to create underwater navigation solutions cost effective methods. The market for Navigation systems in subsea applications alone is 14.73 Million USD and is expected to reach 19.14 Million USD by the end of 2019. This growth is driven by the increasing underwater exploration in regions like the Gulf of Mexico and the North Sea. The Aquatic exploration market is estimated to be around 350 Million USD and is expected to rise rapidly. The Deepwater Horizon incident has made the industry aware of the utility of ROV's in the containment of leaks and ability to repair deep-sea oil and gas wells.

Market Value of Inertial Systems in Subsea Applications – By Type (2014-19) In Million USD

Type

2014

2015

2016

2017

2018

2019

Gyroscopes

xx

xx

xx

xx

xx

xx

Accelerometers

xx

xx

xx

xx

xx

xx

Inertial Measurement Units

xx

xx

xx

xx

xx

xx

GPS/INS

xx

xx

xx

xx

xx

xx

Multi Axis Sensors

xx

xx

xx

xx

xx

xx

Subsea Applications in Inertial Systems | Sample

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DRIVERS The key driver for the Inertial systems market in Subsea applications is their employability in Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicles. The advancements in technology have enabled the seamless integration of inertial sensors into applications such as AUV control and SONAR data geo - referencing. The advantages offered by inertial systems over alternatives like acoustic positioning like considerably low power consumption are critical during underwater exploration. The rise of underwater exploration in regions like the South China Sea and South East Asia is expected to create a massive demand for ROV's as mundane exploratory tasks are better suited to be done by automated vehicles rather than a crewed ship. The long term financial benefits also contribute to the employment of drones.

Market Value of Inertial Systems in Subsea Applications – By Grade (2014-19) In Million USD

Type

2014

2015

2016

2017

2018

2019

Navigational

xx

xx

xx

xx

xx

xx

Tactical

xx

xx

xx

xx

xx

xx

Industrial

xx

xx

xx

xx

xx

xx

Automotive

xx

xx

xx

xx

xx

xx

Subsea Applications in Inertial Systems | Sample

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ROLE OF REMOTELY OPERATED VEHICLES AND AUTONOMOUS UNDERWATER VEHICLES IN SUBSEA OIL PRODUCTION Subsea oil production includes the exploration, drilling and development of oil and gas fields in underwater locations. The rise in number of Deepwater wells has marked a remarkable increase in the need for the employment of remotely operated vehicles. At depths greater the 600 feet where manned diving is impractical these vehicles are used to collect mineral samples from prospective mine sites. Using drills and other cutting tools, the ROVs obtain samples to be analyzed for desired minerals. Exploration is a mundane and tedious task which requires intense concentration with unwavering accuracy. This makes it a perfect sweet spot for the ROV and AUV market. ROVs being unoccupied, highly maneuverable and operated by a crew aboard a vessel prevent the vessel and the crew from being exposed to the hazardous conditions in the deep sea. The ability to place various sensors like Sonars, magnetometers, a still camera, a manipulator or cutting arm, water samplers, and instruments that measure water clarity, water temperature, water density, sound velocity, light penetration, and temperature makes ROVs a versatile utility tool in the process of Subsea Oil and Gas production.

No. of ROVs

Rise in use of ROVs in Subsea Oil and Gas Production

Subsea Applications in Inertial Systems | Sample

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EXPLORATION The oil and gas industry uses AUVs to make detailed maps of the seafloor before they start building subsea infrastructure; pipelines and subsea completions can be installed in the most cost effective manner with minimum disruption to the environment. The AUV allows survey companies to conduct precise surveys of areas where traditional bathymetric surveys would be less effective or too costly. Also, post-lay pipe surveys are now possible with increasing advancements in technology. Radio waves cannot penetrate water very far, so as soon as an AUV dives it loses its GPS signal. Therefore, a standard way for AUVs to navigate underwater is through dead reckoning. Navigation can however be improved by using an underwater acoustic positioning system. This is where the inertial sensing systems come into play. Sensors like gyrometers and accelerometers are incorporated to improve estimation of its position, and reduce errors in dead reckoning (which grow over time), the AUV can also surface and take its own GPS fix. Between position fixes and for precise maneuvering, an Inertial Navigation System on board the AUV calculates through dead reckoning the AUV position, acceleration, and velocity. The market is in a booming phase with increasing reliance on technology and miniaturization of sensors. This has resulted in the reduction of power requirement and thereby enabling longer underwater missions. The ever increasing energy requirements and declining reserves in existing wells are driving subsea exploration ahead. Decreasing costs in operation have made the employment of drones economically feasible and profitable in the long term. The Gulf of Mexico, Africa and Latin America will be the major areas of exploration.

Subsea Applications in Inertial Systems | Sample

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Increase in Exploration Activity - By Region

DEVELOPMENT IN THE TECHNOLOGY OF SENSORS Doing more with less is the mantra of our era and nowhere is this more apparent than in the drive towards miniaturization in next-gen electronic components and systems where new manufacturing techniques are pushing the limits of smaller, faster, and cheaper. The push for smaller parts is coming from both the need for lighter assemblies of machines and the need to reduce material costs via smaller parts that work as well as larger ones. Inertial systems have come a long way from the Floated Rate Integrating Gyro (RIG) and 'torque to balance accelerometers ' developed in the 1950's. Although very few 'highaccuracy gimballed Inertial Navigation systems' have been developed since the 1990's, they have been the turning point in ushering in an accurate inertial navigation system. The advancement in microcomputer technology and development of gyros with high dynamic range heralded in the era of strapdown technology. The systems became more reliable, rugged and remarkably smaller.

Subsea Applications in Inertial Systems | Sample

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BLOCKED FROM THE VIEW

Refinements in technology have led to the development of economically profitable technologies like the Optical Gyro, Coriolis vibrating gyros, quartz resonant accelerometers and then finally the MEMS inertial sensors. The global market for just MEMS based accelerometers is over 2.3 billion USD and is expected to grow rapidly with increasing applications across various fields. The development GPS systems although initially threatened to supplant Inertial Navigation could not do the job on its own and became seamless partners providing excellent synergy. The complimentary development in the computational power has made it possible to compensate errors by software. This has enabled the employment of sensors in new and advanced applications with greater ease.

Subsea Applications in Inertial Systems | Sample

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INCREASING OIL AND GAS DEMAND: The demand for oil and gas is rapidly increasing. The emergence of the Asia Pacific region as a global force has driven the consumption to unprecedented levels. Forecasts suggest that the global consumption of petroleum and other fuels will reach 93.08 million barrels per day by 2015, up from 89.17 million barrels per day in 2012. With the majority of the fuel demand expected to come from China and India, companies are looking to develop new fields to increase their life expectancy and their resource bank. Increasing industrialization, especially in emerging markets, is also a key factor behind the energy demand. Businesses, factories in particular, require significant amounts of energy in the form of both electricity and petroleum-based fuels in order to operate. As economies industrialize at an escalating pace, the energy demand is increasing as well.

Oil Consumption 32000

30000

No. of Barrels

28000

26000

24000

22000

20000 2003

2004

2005

Subsea Applications in Inertial Systems | Sample

2006

2007

2008

2009

2010

2011

2012

2013

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INCREASING DEEP SEA DRILLING ACTIVITIES: According to EIA, around 10% of the world’s remaining recoverable conventional oil and gas resources lie below the ocean surface in deep waters. It is expected that deep water drilling and production activities are set to increase in the coming future. Often the resource areas in the region are confined to large finds, containing the equivalent of a million barrels of oil some times, which is attracting the operators, because it is easier and more economical to drill in such areas. This has resulted in the need for more sophisticated equipment with capabilities of performing advanced tasks in deepwater conditions.

SUBSEA MONITORING/SURVEILLANCE Even minor leaks of oil into the ocean result in a severe environmental catastrophe and damage the ecology surrounding the well. These incidences need to be capped and repaired as soon as possible. Unmanned Surveillance vehicles enable us to monitor the depths of the ocean and empower us with a view of hazardous and humanly unreachable parts of the well. Autonomous monitoring systems are used for a wide number of low-cost, long endurance subsea monitoring applications. Monitoring long-term trends in pipeline movement or seabed settlement are essential to the underwater production and transportation of oil. The autonomous functionality of the system enables it to operate for several years without human or system intervention. This removes the requirement and cost overhead associated with the presence of a surface vessel or subsea ROV throughout the monitoring period.

Subsea Applications in Inertial Systems | Sample

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Autonomous Monitoring Transponders require very precise sensors to measure the changes in pitch and roll of the pipeline and the surface on which the transponder is placed. The market is in a booming phase with increasing reliance on technology and miniaturization of sensors. This has resulted in the reduction of power requirement and thereby enabling longer underwater missions. The ever increasing energy requirements and declining reserves in existing wells are driving subsea exploration ahead. Decreasing costs in operation have made the employment of drones economically feasible and profitable in the long term. The Gulf of Mexico, Africa and Latin America will be the major areas of exploration.

No. of Major Accidents

Major Accidents And Oil Spills - By Region

North America

Europe

Middle East and Africa

Latin America

Asia Pacific

2008-2014

Subsea Applications in Inertial Systems | Sample

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COMPETITION ANALYSIS SBG SYSTEMS SBG Systems is a fast growing supplier of miniature, high performance and innovative motion sensing solutions. SBG Systems is headquartered in Rueil Malmaison, France and operates in North America from its subsidiary in Chicago, IL.

SBG Systems offers a complete line of inertial sensors, such as Attitude and Heading Reference System (AHRS) or Inertial Measurement Unit (IMU), based on the state of the art MEMS technology. The manoeuvring of ROV's and AUV's requires the roll, pitch, heading, velocity and position data from Inertial systems. SBG offers the following products: 

Ellipse-A: Cost Effective Inertial Sensors for ROV Orientation

Ekinox-E: High Accuracy ROV Navigation and Orientation

Ekinox-U: Inertial Navigation System with Subsea Enclosure

Ellipse-E: Miniature Inertial Navigation Sensor for Small AUVs

ANALYST VIEW Apart from Subsea Applications, SBG also offers high-accuracy inertial sensors, miniature inertial sensors, compass & inclinometers for application in Aerospace, Land based navigation, Marine and Virtual Reality industries.

Subsea Applications in Inertial Systems | Sample

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Subsea science is the second most important market for SBG as new technologies enable new research projects. The ratio between the cost, the accuracy, the size and the power consumption is a very important factor for this market. The marine defense industry is also a promising market for SBG System as the need to offer smaller and lower cost solutions such as diver's navigation is more and more important. The company believes that the next evolution in MEMS inertial sensors will certainly open up new opportunities with decreased size, power consumption and price over they FOGs counterpart. Research and Development is a major area of focus for the company with more than 40% of the turnover being invested in product development or to research new technologies. In 2009 SBG Systems has introduced its first miniature motion sensor after three years of R&D. Since then, each year new products or technologies have been introduced. In 2013, the Ekinox series was a milestone for the company with a subsea enclosure launched in 2014. In only four years, the accuracy has been improved by a factor of 10 with all famous features needed by the subsea and marine markets such as delayed / real-time heave DVL, Ethernet, web page configuration, sonar compatibility. The company is eager to strengthen their position in the subsea and marine markets in 2014 with the introduction of new exciting products and technologies.

Subsea Applications in Inertial Systems | Sample

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