Global Autonomous Underwater Vehicle Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Autonomous Underwater Vehicle Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global autonomous underwater vehicle market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global autonomous underwater vehicle market report has been segmented on the basis of technology, type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Autonomous Underwater Vehicle (AUV) is a robotic platform that operates underwater, powered by batteries and it has no physical link to the surface. It is also referred as unmanned underwater vehicle and underwater robot which are used for a wide range of oceanographic and military tasks including underwater surveys, inspection of submerged structures, tracking oceanographic features, searching for downed aircraft, and finding naval sea mines. Such vehicles are also being adopted by various scientific research organizations for conducting oceanic studies and maritime surveys.
AUVs are being deployed for exploration activities for deep water surveying applications such as pipe surveys in the oil & gas industry. In addition, these provides precise information, such as size and color of the area under consideration, which act as a crucial factor for growth of the autonomous underwater vehicle market growth. Several companies provide real-time & fast data transmission and high-standard hydrographic surveys for the research and exploration activities. Moreover, increasing demand for the systems in the navy and defense sectors driving market towards growth. However, high initial investments will hamper growth of the target market. Furthermore, high costs of operations and challenges associated with technical accuracy and communication protocols are hindering the autonomous underwater vehicle market growth.
Geographically, Asia Pacific market is expected to dominate the global autonomous underwater vehicle market in the upcoming period. Growing importance of more reliable security measures worldwide and increasing offshore oil & gas production are some of the factors driving the market towards growth. Rising awareness regarding the growing security requirements in countries, such as China, India, Japan, and South Korea has enhanced the adoption of these vehicles. In addition, presence of leading players Atlas Elektronik GmbH, Lockheed Martin Corporation, and Saab Group etc. are providing strong base for growth of the AUV market in the region.
The US Navy is steadily deploying AUVs for surveying industry and it transmits temperature, depth, and other related information to the Naval Oceanographic Office (NAVOCEANO). In addition, several initiatives are taken to maintain sea-based military supremacy, contribute extensively to growth of the autonomous underwater vehicle market.
Segmentation on the basis of Technology:
- Collision Avoidance
Segmentation on the basis of Type
- Shallow (Depth Up to 100 M)
- Medium (100 M to 1,000 M)
- Large (Depth More Than 1,000 M)
Segmentation on the basis of Application
- Military & Defense
- Oil & Gas
- Environmental Protection and Monitoring
- Archeological and Exploration
- Search and Salvage Operations
Segmentation on the basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Kongsberg Maritime
- Teledyne Gavia EHF
- Bluefin Robotics
- ECA Group
- Saab AB
- Lockheed Martin Corporation
- Atlas Elektronik GmbH
- Boston Engineering Corporation
- International Submarine Engineering (ISE) Ltd.
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