Autonomous Underwater Vehicle (AUV) - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Autonomous Underwater Vehicle (AUV) Market is accounted for $437.21 million in 2018 and is expected to reach $2,060.79 million by 2027 growing at a CAGR of 18.8% during the forecast period. Growing defense expenses of countries global and growing capital expenses of companies in offshore oil & gas manufacturing are the major factors propelling the market growth. However, factor such as high functioning costs of AUVS is hampering the Market growth.
An autonomous underwater vehicle (AUV) is an unmanned, untethered underwater vehicle that is used to carry out effortless activities with little or no human management. To map out the seafloor or characterize the physical, chemical properties of the water being tested this are frequently used as survey platforms. The adaptability of the configuration of AUV’s combined with the underwater vehicles capability to carry out an self-determining movement makes AUVs a powerful instrument in any underwater surveying or inspection job.
Based on the technology, the imaging segment is going to have a lucrative growth during the forecast period due to the improved use of AUVs in military & defense and offshore industries. Imaging systems used in AUVs are able to capturing pictures of the seabed and neighbouring areas. The use of imaging systems in AUVs makes them suitable for habitat research, oceanography, and archeology & exploration applications.
By geography, North America is likely to have a huge demand due to the increasing development activities undertaken by naval forces of countries such as the US for strengthening the navy is bolstering the market growth.
Some of the key players profiled in the Autonomous Underwater Vehicle (AUV) Market include Atlas Elektronik Gmbh, Bluefin Robotics, Boston Engineering Corporation, ECA Group, Fugro, International Submarine Engineering (ISE), Kongsberg Maritime, Lockheed Martin Corporation, SaaB AB, Teledyne Marine, BAE Systems, Boeing, Graal Tech, Hydromea Sa and L3Harris Oceanserver.
• Large AUVs (More Than 1,000 meters)
• Medium AUVs (Up To 1,000 meters)
• Shallow AUVs (Up To 100 meters)
• Collision Avoidance
Payload Types Covered:
• Acoustic Doppler Current Profilers
• Echo Sounders
• Synthetic Aperture Sonars
• Other Payload Types
• Laminar Flow Body
• Multi-hull Vehicle
• Streamlined Rectangular Style
• Archeology & Exploration
• Search & Salvage Operations
• Military & Defense
• Environmental Protection & Monitoring
• Oil & Gas
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.