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Autonomous Underwater Vehicle Market Significant Research, Production and Consumption Analysis Brands Statistics and Overview for Top Manufacturers to 2023

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Autonomous Underwater Vehicle Market Significant Research, Production and Consumption Analysis Brands Statistics and Overview for Top Manufacturers to 2023

June 23
04:55 2020
Autonomous Underwater Vehicle Market Significant Research, Production and Consumption Analysis Brands Statistics and Overview for Top Manufacturers to 2023

Autonomous Underwater Vehicle Market
Global Autonomous Underwater Vehicle (AUV) Market: Information by Type (Shallow, Medium, Large), by Technology (Communication, Collision Avoidance, Navigation, Imaging, Propulsion), by Payload (Sensors, Cameras, Synthetic Aperture Sonars, and Others), by Application (Military & Defense, Oil & Gas, and Oceanography) and by Region — Global Forecast till 2023

Market Overview:

Varying on their design, the autonomous underwater vehicles (AUVs) are programmable robotic vehicles that can assist users in drifting, driving, and gliding through the ocean without real-time input from an operator. The offer enhanced surveillance and reconnaissance capabilities for defense sectors at the time of covert operations. The extensively-studied research report about the global autonomous underwater vehicle market published by Market Research Future (MRFR) appraises hike for this market at 21.80% CAGR between 2018 and 2023.

The most determining factor moving the global autonomous underwater vehicle market growth is increasing demand for AUVs by various sectors such as environmental protection, oil & gas, and military & defense. The growing importance of reliable security measures is also contributing to the market growth. However, high operational costs and stringent government regulations about communication can motion the market growth.

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Market Segmentation:

The global autonomous underwater vehicle market is analyzed on the basis of application, payload, technology, and type.

The application-based segmentation of this market covers archaeology, environmental protection, military & defense, oceanography, oil & gas, and search & salvage operations. During the forecast period, the archaeology segment has been anticipated to witness the highest growth as cameras and navigation systems supported by AUVs enable archaeologists to receive the images and exact location of the objects.

Payloads discussed in the AUV market include acoustic doppler current profilers (ADCPS), cameras, echo sounders, sensors, synthetic aperture sonars, and others. During the forecast period, the sensors segment is expected to witness highest growth as sensors enable connections to multimedia devices like cameras to track, navigate and detect submarines as such cameras can provide clear images of targets.

By technology, the market has been segmented into collision avoidance, communication, imaging, navigation, and propulsion. Although the collision avoidance segment dominated the global market due to enhanced situational awareness capability offered by AUVs, by 2023,  the navigation segment is likely to grow due to the surging demand for enhanced surveillance systems. AUVs offer enhanced location services to users by providing an accurate location of the target via a global positioning system (GPS).

Types of AUVs in the market include shallow, medium, and large. The large segment will lead the market growth due to increasing deep-sea operations such as mine hunting.

Regional Segmentation:

The regional segmentation of the global autonomous underwater vehicle market covers North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).

During the forecast period, North America has been estimated to hold the largest market share in the global market due to the presence of key market players, advanced defense sector, and overall technological advancement. Revenue from the USA and Canada is the backbone of the North American market.

Asia Pacific region has been expected to rise as the fastest-growing regional market during the forecast period due to increasing adoption of AUVs by governments of developing countries like India for many developmental activities. Countries like Japan are adopting AUVs for international disaster relief efforts, promoting oceanic research, and military investigations. Other countries in this region with potential for investment are Australia and China. 

In Europe, the market can grow as countries like France, Germany, Russia, and they have strong military sectors. Some of the key market players are based in Europe and in terms of technological advancement, Europe lags behind only to North America.

The RoW segment covers Latin America and Middle East & Africa (MEA) region. In both of these regions, the scope for market growth can be seen via oil exploration operations as both regions are rich in oil. The MEA region is also home to many military conflicts. But market growth in this region can be limited as sparse use of advanced technologies can deter expected growth. A lot of countries are not even near the sea, which restraints AUV usage.

Key Players:

Major players in the global autonomous underwater vehicle market include Boston Engineering Corporation (USA), Fugro (The Netherlands), General Dynamics Corporation (USA), GRAAL Inc.(Italy), Groupe Gorgé (Paris), International Submarine Engineering Limited (Canada), Kongsberg Group (Norway), Lockheed Martin Corporation (USA), Saab AB (Sweden), and Teledyne Technologies Incorporated (USA).

Latest Industry News:

  • Developed by Houston Mechatronics Inc. (HMI), the robot Aquanaut has been tested at National Aeronautics Space Administration (NASA)’s Neutral Buoyancy Laboratory. Aquanaut can help with underwater navigations as it can glide smoothly through the water like a miniature submarine. 25 JUL 2019

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. 

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India