Global Autonomous Underwater Vehicle Market By Product Type (Shallow AUVs (Depth Up to 100M), Medium  AUVs (100 M to 1,000 M), and Large AUVs), By Application (Collision Avoidance and Others) and By Region – Forecast to 2033

Global Autonomous Underwater Vehicle market is projected to be US$ 997.1 Mn in 2023 to reach US$ 4917.2 Mn by 2033 at a CAGR of 17.3%

MarketRsearch.Biz announces publication of its most recently generated research report titled, “Global Autonomous Underwater Vehicle Market by Product Type (Shallow AUVs (Depth Up to 100M), Medium  AUVs (100 M to 1,000 M), and Large AUVs (Depth More Than 1,000 M)), By Application (Collision Avoidance, Communication, Navigation, and Imaging), End-Use (Military & Defense, Oil & Gas, and Research) and by Region – Global Forecast to 2033”, which offers a holistic view of the Global Autonomous Underwater Vehicle Market through systematic segmentation that covers every aspect of the target market.

Autonomous underwater vehicle is an underwater robot that functions autonomously without requiring any inputs from the operator. With the development and advancements in technology, the application scope of the AUV is continually expanding. AUV presently finds applications in military, research, commercial use, and use by hobbyists. AUV navigate on their own while collecting resourceful data. Imaging, mapping, navigation is a few end-uses of the technology. Accuracy, maneuverability, high power capacity are desired characteristics in AUV and are expected to improve continually.

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Global Autonomous Underwater Vehicle Market Revenue (US$ Mn), 2020–2030

One of the significant benefits of autonomous underwater vehicle is the stability, agility, low development cost, minimal requirement of human intervention thereby reducing operational cost, safety, and accuracy with minimal disturbance to aquatic life. Also, continuous development and advancement of technology in terms of design, software, components are expected to boost the growth of autonomous underwater vehicle market during the forecast years.

Although AUV offers multiple advantages, one of the major disadvantages of AUV is the high cost associated with research and development and relatively high operational cost. Acoustic waves used in underwater communication are less efficient as they move slowly in water, thereby causing time-outs.

Global autonomous underwater vehicle market is segmented based on product type, application, end use and region. Based on product type, the market is segmented into shallow AUVs (depth up to 100m), medium AUVs (100 m to 1,000 m), and large AUVs (depth more than 1,000 m). The large AUV segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period. Based on application, the market is segmented into collision avoidance, communication, navigation, and imaging. The communication segment accounts for significant revenue share whereas the collision avoidance segment is projected to register significant CAGR in the next coming years. Based on end use, the market is segmented into military & defense, oil & gas, and research. The military & defense segment accounts for a majority share in the global autonomous underwater vehicle market.

Global Autonomous Underwater Vehicle Market Attractiveness Analysis by Form, 2014–2030

By region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. Based on region, North America market is estimated to account for major revenue share and is projected to dominate the global autonomous underwater vehicle market owing to high technological development in US and increasing expenditure in the defense sector in region. The Europe market is projected to grow rapidly in the market over the forecast period.

The research report on the global autonomous underwater vehicle market includes profiles of some of the major companies such as Lockheed Martin Corporation, ThyssenKrupp AG (Atlas Elektronik GmbH), General Dynamics Corporation, L3 OceanServer, Saab AB, Teledyne Technologies Incorporated, Kongsberg Gruppen ASA, Fugro NV, Groupe Gorge (ECA Group), International Submarine Engineering Ltd., and Boston Engineering Corporation.

Global Autonomous Underwater Vehicle Market Segmentation:

Segmentation By Product Type

• Shallow AUVs (Depth Up to 100M)
• Medium  AUVs (100 M to 1,000 M)
• Large AUVs (Depth More Than 1,000 M)

Segmentation By Application

• Collision Avoidance
• Communication
• Navigation
• Imaging

Segmentation By End-Use:

• Military & Defense
• Oil & Gas
• Research

Segmentation By Region:

• North America
• Europe
• APAC
• South America
• Middle East Africa