Global Autonomous Underwater Vehicles (AUV) Market, Trends & Analysis – Forecasts To 2026

1. Global Autonomous Underwater Vehicles (AUV) Market, Trends & Analysis – Forecasts To 2026 Autonomous Underwater Vehicle Market Insights The global autonomous underwater vehicle market is expected to grow at a high CAGR during the forecast period. Autonomous underwater vehicles are driven in water with a controlled propulsion system and piloted by an onboard computer which is controllable in three dimensions. Autonomous underwater vehicles help in making a detailed map of the sea floor which allows a more efficient and cost effective way of subsea completion installations without causing any harm to the underwater environment. The market is driven by increased use of these vehicles in various applications such as military & defense, oil & gas, environmental protection and monitoring, oceanography, archeological exploration, search and salvage operations among others. After completion of the mission, these autonomous underwater vehicles return to their origin place or location where data is organized and administered in the same format to vessel or shipboard systems. High costs of construction of autonomous underwater vehicles as well as highly competitive market are the major challenges restraining growth in the market. Request a free sample copy of the report @ https://www.globalmarketestimates.com/global-autonomous-underwater-vehicles-auv- market/ Autonomous Underwater Vehicle Market: By Type The global autonomous underwater vehicle market can be segmented into shallow AUVS (depth up to 100 m), medium AUVS (depth up to 1,000 m) and large AUVS (depth more than 1,000 m) on the basis of type. The large AUVs segment is expected

2. to dominate the market due to increase in deep sea operations, where the vehicle is required to go beyond 1000 meters for research and extraction purposes. Improved economic condition of countries has resulted into increased oceanographic activities, which in turn, has resulted the increase in sale of AUV’s. This is expected to propel the demand for autonomous underwater vehicles over the forecast period. Autonomous Underwater Vehicle Market: By Technology On the basis of technology, the global autonomous underwater vehicle market can be classified into collision avoidance, communication, propulsion and imaging. Among these segments, communication and imaging segments are expected to grow at a high CAGR in the global autonomous underwater vehicle market owing to the rise in the awareness about autonomous underwater vehicles as compared to conventional underwater vehicles. These technologies play an important role in completing underwater operations. Autonomous Underwater Vehicle Market: By Payload On the basis of payload, the global autonomous underwater vehicle market can be classified into cameras, sensors, synthetic aperture sonars, echo sounders, acoustic doppler current profilers (ADCPS) and others. The camera and echo sounder segments are expected to grow at a high CAGR in the global autonomous underwater vehicle market. This can be attributed to rise in the water quality parameters such as turbidity, temperature, and conductivity which hamper visibility under water. The sensor segment is also expected to witness significant growth during the forecast period owing to the cutting-edge sensor technologies such as sonar system and oceanographic sensors which play an important role in completing the entire mission. Autonomous Underwater Vehicles Market: By Application On the basis of application, the global autonomous underwater vehicle market can be classified into military & defence, oil & gas, environmental protection & monitoring, oceanography, archaeological exploration, search and salvage operations. Among these segments, oceanography and archaeological & exploration segments are expected to grow at a high CAGR in the global autonomous underwater vehicle market. This can be attributed to increasing use of AUV’s in underwater exploration activities which include extraction of minerals and checking the water quality of sea as well as help to maintain the quality of aquatic life. The military & defense segment is also expected to witness significant growth during the forecast period owing to increase in adoption of these vehicles in navies around the globe for mine sweeping, mine reconnaissance, and in anti-submarine warfare (ASW). Autonomous Underwater Vehicles Market: By Region The global autonomous underwater vehicles market in is dominated by North America owing to the rising application of autonomous underwater vehicles in oil and gas industry along with rising ocean research and increasing defence expenditures. Asia Pacific is also expected to witness significant growth during the

3. forecast period. China, India and Japan are expected to be the major contributors towards growth in the market in the Asia Pacific region. Autonomous Underwater Vehicles Market: End Use Landscape The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Shell, Nuytco Research limited and SAAB among others Autonomous Underwater Vehicles Market: Vendor Landscape The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies. Autonomous Underwater Vehicles Market: Share & Competitor Analysis Some key players operating in the Autonomous Underwater Vehicle market are Kongsberg Maritime (Norway), Teledyne Gavia ehf. , Bluefin Robotics , ECA Group, Saab AB, Fugro, ATLAS ELEKTRONIK GmbH, L3 OceanServer, Boston Engineering Corporation, Hydromea SA, and International Submarine Engineering Ltd among others. In 2017, KONGSBERG and Patria entered into agreement on Missile Systems. The agreement included establishment of a Missile Competence Centre in Finland and Open Tactical Framework (OTF) core technologies and system architecture software for missile programs In 2018, International Submarine Engineering Ltd. (ISE) sold its latest ISE Explorer AUV to China Ocean Mineral Resource R&D Association (COMRA) Browse the complete report @ https://www.globalmarketestimates.com/global-autonomous-underwater- vehicles-auv-market/