The global demand for Autonomous Underwater Vehicles Market is presumed to reach the market size of nearly USD 44.59 BN by 2030 from USD 6.83 BN in 2022 with a CAGR of 26.43% under the study period 2023 - 2030.
Autonomous underwater vehicles can be utilised for various purposes, including detecting shipwrecks, mapping rock formations, and avoiding multiple hazards that could harm recreational and commercial navigation vessels. Autonomous underwater vehicles are outfitted with cutting-edge sensor technology, such as sonar systems and oceanographic sensors, that enable them to execute missions without the need for human intervention. After completing their mission, these autonomous underwater vehicles return to their starting point or position, where data is untangled and distributed to a vessel or shipboard systems in the same manner. They come in various sizes, including shallow, medium, and large. AUVs are also equipped with connectivity, collision avoidance, navigation, imaging, and propulsion technology. AUVs can carry a variety of payloads, including sensors, cameras, and synthetic aperture sonars, among others.
Market Dynamics
Over the forecast period, the global autonomous underwater vehicle market is likely to be driven by increased research activities in the oil and gas industry and increased government spending on seawater monitoring to maintain aquatic life balance. Furthermore, the rapid expansion of aquaculture is paving the way for the autonomous underwater vehicle market to grow, as these vehicles can provide an affordable platform for monitoring water quality metrics such as turbidity, temperature, and conductivity and analysing fish behaviour during feeding activities. In addition, the development and implementation of advanced technologies in AUVs would contribute to expanding the autonomous underwater vehicle (AUV) market. The high running expenses of AUVs, on the other hand, are projected to limit market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of autonomous underwater vehicles. The growth and trends of autonomous underwater vehicles industry provide a holistic approach to this study.
Market Segmentation
This section of the autonomous underwater vehicles market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Collision Avoidance
- Communication
- Navigation
- Propulsion
- Imaging
By Type
- Shallow Auvs (Up To 100 M)
- Medium Auvs (Up To 1,000M)
- Large Auvs (More Than 1,000M).
By Shape
- Torpedo
- Laminar Flow Body
- Streamlined Rectangular Style
- Multi-Hull Vehicle
By Payload Type
- Cameras
- Sensors
- Synthetic Aperture Sonar
- Echo Sounders
- Acoustic Doppler Current Profilers
- Others
By Application
- Military & Defense
- Oil & Gas
- Environment Protection & Monitoring
- Oceanography
- Archeology & Exploration
- Search & Salvage Operations
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Autonomous Underwater Vehicles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Autonomous Underwater Vehicles Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the autonomous underwater vehicles market include Kongsberg (Norway), Teledyne Technologies (US), Fugro (Netherlands), Bluefin Robotics (General Dynamics) (US), and Saab AB (Sweden) ECA GROUP (France), Lockheed Martin Corporation (US), ATLAS ELEKTRONIK GmbH (Germany), L3Harris Technologies (US), Boston Engineering Corporation(US), International submarine engineering (ISE) (Canada), Tianjin Sublue (China), Falmouth Scientific (US), Terradepth (US), ecoSUB Robotics (UK), EELUME AS (Norway), Nido Robotics (Spain), Hydromea (Switzerland), Boing (US), Graal Tech (Italy), and Riptide Autonomous Solutions (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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