Autonomous Underwater Vehicle (AUV) Market Size is estimated to grow at a CAGR of 25.0% during the forecast period

 

Over the projection period of 2022–2030, the autonomous underwater vehicles (AUVs) market is anticipated to expand at a compound annual growth rate (CAGR) of 25.0%.

Unmanned, extremely stable and manoeuvrable autonomous underwater vehicles (AUVs) are frequently used for tasks like remote navigation, producing high-resolution maps of the deep seafloor, or describing the characteristics of the water being tested. These AUVs are capable of carrying a variety of payloads and/or technologies, including connectivity, collision avoidance, navigation, imaging, propulsion, sensors, synthetic aperture sonars, bottom profilers, multibeam echo sounders, and more.

 

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GROWTH DRIVERS:

Factors like the rapidly expanding maritime, aquaculture, and fish farming sectors, rising capital investment by offshore oil and gas companies, rising defense spending in various nations around the world, the burgeoning trend of modernizing underwater inspection, the rising demand for maritime security globally, and the rising number of marine exploration activities to extract minerals used in the production of consumer goods are all contributing factors.

Additionally, the utilization of AUVs across numerous end-user industries is rapidly growing. They are employed for military operations like reconnaissance or anti-submarine warfare, economic reasons like offshore field explorations, deepwater drilling, and finding ship and airplane wrecks, as well as research ones like ocean mapping or determining the physical characteristics of the water column. Additionally, because of the rising marine security concerns, there is a huge need for underwater monitoring and surveillance operations in the military and defense industry. In the next years, this is anticipated to accelerate the expansion of the global market for autonomous underwater vehicles.

In addition, other factors like the emergence of the Internet of Underwater Things (IoUT) for improving intra-communication efficiency between remotely deployed AUVs, the rising investment for the development of the military sector, and the rising government spending for sea water monitoring to maintain the balance of aquatic life are also anticipated to create ample growth opportunities for the global autonomous underwater vehicle market during the forecast period.

AUTONOMOUS UNDERWATER VEHICLE (AUV) MARKET SEGMENTATION:

By Type:

·         Shallow AUV (depth up to 100 m)

·         Medium AUVs (depth up to 1000 m)

·         Large AUVs (depth more than 1000 m)

 

By Technology:

·         Communication Systems

o    Acoustic Communication Systems

o    Satellite Communication Systems

·         Navigation Systems

o    Inertial Navigation Systems

o    Acoustic Navigation Systems

o    Geophysical Navigation Systems

o    Dead Reckoning Navigation Systems

o    Others

·         Propulsion Systems

o    Fin Control Actuators

o    Propulsion Motors

o    Pump Motors

o    Linear Electromechanical Actuators

o    Battery Modules

·         Imaging Systems

o    Side-Scan Sonar (SSS) Imagers

o    Multibeam Echo Sounders (MBES)

o    Sub-Bottom Profilers (SBPS)

o    LED Lighting

·         Collision Avoidance Systems

 

By Payload Type:

·         Cameras

o    High Resolution Digital Still Cameras

o    Dual-Eye Cameras

·         Sensors

o    CTD Sensors

o    Biogeochemical Sensors

·         Synthetic Aperture Sonars

·         Echo Sounders

·         Acoustic Doppler Current Profilers

·         Others

 

By Shape:

·         Torpedo

·         Laminar Flow Body

·         Streamlined Rectangular Style

·         Multi-Hull Vehicle

 

By Application:

·         Military & Defence

·         Oil & Gas

·         Environmental Protection and Monitoring

·         Oceanography

·         Archaeology and Exploration

·         Search and Salvage Operations

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

KEY COMPANIES IN AUTONOMOUS UNDERWATER VEHICLE (AUV) MARKET:

·         Bluefin Robotics

·         Saab AB

·         Bae Systems

·         Boeing

·         Teledyne Technologies

·         General Dynamics Corp.

·         Kongsberg Maritime AS

·         ECA Robotics SAS

·         Fugro N.V.

·         L3 OceanServer

·         Hydromea SA

·         International Submarine Engineering Ltd.

·         Atlas Elektronik Gmbh

·         Boston Engineering Corporation

·         Graal Tech

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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