Global Market Study on Autonomous Underwater Vehicles

According to PMR’s research, the global autonomous underwater vehicle market is anticipated to register a CAGR of 6.1% during the forecast period. Growing production of new autonomous vehicles, coupled with the increasing exploration and research activities, is expected to drive the global autonomous underwater vehicle market over the forecast period.

PMR’s report on the autonomous underwater vehicle market analyses the market at a regional and global level through market segmentation on the basis of key parameters, i.e. product type, end users, technology type and region. Market consolidation is a market characteristic observed during the study. Importantly, autonomous underwater vehicles are mainly sold through authorized dealers or prominent manufacturers in the global market.

Autonomous underwater vehicles have gained popularity in recent years, owing to advancements in the application of revolutionary technologies to combat challenges in autonomous operations carried out underwater. Technological momentum in the area of underwater robotics has been on an upward trajectory, leveraging the convergence of systems, mechanical, and electrical engineering. As the evolving landscape of the Navy necessitates more critical missions that decide payload, size, processing power, and battery capacity of AUV, there has been a marked significance in the integration of researcher resourcefulness and management software into entrepreneurial technologists.

Additionally, it is highly likely that efficiency and productivity in autonomous underwater vehicle manufacturing will increase in the foreseeable future, given sustained prospects in the constructive competition, which involve operating and interface standards.

The autonomous underwater vehicle market report has been designed to enable the reader to obtain detailed knowledge about the global autonomous underwater vehicle market. The global autonomous underwater vehicle market report starts with a market introduction, definitions and taxonomy, followed by the market view point, market dynamics and market analysis by key segments, regional analysis and competition landscape.

Individual sections covered in the report include a qualitative as well as quantitative assessment based on several facts, historical as well as ongoing trends gaining momentum in the global autonomous underwater vehicle market. The key highlight of the report is considered to be the in-depth primary survey conducted around the globe. The survey focuses on the qualitative as well as cross-sectional information in the autonomous underwater vehicle market.

The global autonomous underwater vehicle market report starts with an overview of the market, providing a summarized view of the report and provides market definitions and taxonomy. In the subsequent section, the report defines the market viewpoint, which includes primary survey, macroeconomic factors, forecast factors, value chain and various other qualitative data regarding the market. The section that follows includes market dynamics, such as drivers, trends, restraints, and opportunities, impacting the global autonomous underwater vehicle market during the forecast period.

The following sections of the report provide global market value (US$ Mn) projections on the basis of the aforementioned segments. The global market values represented in these sections have been derived by gathering information and data at a country as well as regional level. The next section of the report represents a concise view of the global autonomous underwater vehicle market based on six prominent regions considered in the study. The section includes regional market position, growth potential and market attractiveness analysis for each of these regions.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR (Compound Annual Growth Rate) but also analyse the autonomous underwater vehicle market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the autonomous underwater vehicle market and identify the right opportunities available for value chain participants.

Another crucial feature included in PMR’s comprehensive report is the analysis of all the key segments in the autonomous underwater vehicle market and the regional adoption, along with the revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve in the autonomous underwater vehicle market.

In order to offer an accurate forecast, PMR started by sizing the current market, which forms the basis of how the global autonomous underwater vehicle market is expected to develop in the coming years. Given the characteristics of the global autonomous underwater vehicle market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and our own analysis.

However, forecasting the market in terms of various autonomous underwater vehicle segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.

Global Autonomous Underwater Vehicle Market: Competition Landscape

In the final section of the report, PMR has provided the global autonomous underwater vehicle market structure and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global autonomous underwater vehicle market along with their business strategies to report audiences. In addition to this, the section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the autonomous underwater vehicle market.

This section includes market share analysis and tier structure analysis of the key manufacturers in the global autonomous underwater vehicle market. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the autonomous underwater vehicle market.

Some of the key players involved in the manufacturing of autonomous underwater vehicles and included in this study are Kongsberg Marine, Teledyne Gavita ehf, Bluefin Robotics, ECA Group, Saab AB, Furgo, ATLAS ELEKTRONIL GmbH, L3 Oceanserver, Boston Engineering Corporation, Hydromea SA, and International Submarine Engineering Ltd., among others

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