Frequently Asked Questions:
Major players in the market include Northrop Grumman, Wartsila, Raytheon Anschuetz, and Kongsberg Maritime who collectively hold over 80% of the global market share.
The market is driven by advancements in the defense sectors of various nations, an increase in recreational boating, and the rising popularity of sea travel and tourism.
Recent developments include UTEC integrating Sonardyne’s Fusion 2 software into its systems, Honeywell launching systems able to operate in GNSS denied environments, and SAAB developing a system functional in areas where global navigation satellite systems are being jammed or denied.
The market faces challenges such as the high costs of installation and maintenance, vulnerability to cyber threats, and the complexity of operating these systems, particularly for non-professional users in the recreational boating segment.