Autonomous Underwater Vehicles: Global Markets to 2022

Published - Mar 2018| Analyst - B.L. Gupta| Code - IAS122A
Autonomous Underwater Vehicles: Global Markets to 2022
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Report Highlights

The global market for autonomous underwater vehicles (AUVs) reached $671.5 million in 2017. The market should reach $835.0 million by 2022, growing at a compound annual growth rate (CAGR) of 4.5% from 2017 to 2022.

Report Includes

  • 67 data tables and 37 additional tables
  • An overview of the global markets and technologies for autonomous underwater vehicles (AUVs)
  • Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022
  • Specific information on the major types of AUV architecture, features, and technology
  • Segmentation of the market based on technology type, end user, application, and geography
  • A detailed patent analysis, especially pertaining to new developments
  • Coverage of the purchasing trends, acceptance of new technologies, product shortcomings, unmet needs, and other information regarding market dynamics
  • Company profiles of major players in the industry, including Klein Marine Systems, Inc., National Oceanography Centre, Phoenix International Holdings Inc., iXBlue and International Submarine Engineering Ltd.

Report Scope

This report encompasses the current status and future prospects of the four types of AUVs: portable, lightweight, heavyweight and large vehicles. It looks at six application segments: search and salvage; inspection, maintenance, repair of offshore oil and gas pipelines; military and defense; hydrographic surveys; scientific research; and deep-sea mining. It covers four regions: North America, Europe, Asia-Pacific and rest of world (ROW).

The report identifies and evaluates those AUV markets with high growth potential. It also quantifies the important market developments for the sensors used in AUVs.

The report also covers the many issues concerning the future prospects for the AUV technologies business, and covers in detail the corporate strategies and key economic and technological issues.

For many of the main players in the AUV market, their competitive position is practically guaranteed due to protected and patented technologies used by OEMs. The companies that sell AUVs on the international market include Kongsberg Maritime, Hydroid (now a wholly owned subsidiary of Kongsberg Maritime), Bluefin Robotics (now a subsidiary of General Dynamics Mission Systems), Teledyne Gavia (previously known as Hafmynd), International Submarine Engineering (ISE) Ltd., Atlas Elektronik and OceanScan.

Manufacturers of AUVs for each sector must adhere to standards conforming to each targeted user country and follow statutory and mandatory guidelines for acceptance. The U.S., Europe and Japan have stringent standards concerning AUVs in targeted applications.

Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

Analyst Credentials

Since 2004, B.L. Gupta has authored more than 34 market research reports on subjects pertaining to emerging technologies connected with piezoelectric actuators, piezo motors, piezo sensors, PVDF sensors, automotive semiconductors, energy storage devices such as lithium ion batteries, ultracapacitors, and electrical equipment such as power and distributing transformers, magnetic materials, the internet of things and other topics related to manufacturing. All related to the U.S. and global markets.

From 2011 to 2012, B.L. Gupta was appointed as national consultant to machine tool manufacturing companies in North India through the Technology Upgradation and Productivity Enhancement (TUPE) program under the United Nations Industrial Development Organization (UNIDO) – a joint effort between the UN body and the government of India. He has been a fellow of the Institution of Engineers of India as well as a Charter Engineer of the Institution of Engineers (India) since 2001. Mr. Gupta holds a Bachelor of Engineering in Mechanical Engineering from Malviya National Institute of Technology, Jaipur, India.

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