Global Autonomous Underwater Vehicle Market

Feb 2019| VMF148A| Verified Market Research

Report Highlights

Global Autonomous Underwater Vehicle Market By Shape, By Technology, By Type, By Application, By Geographic Scope And Forecast

According to Verified Market Research, The Global Autonomous Underwater Vehicle Market was valued at USD 354.90 Million in 2018 and is projected to reach USD 580.30 Million by 2026, growing at a CAGR of 6.49% from 2019 to 2026.

An autonomous underwater vehicle (AUV) is an unmanned, self-propelled, untethered underwater vehicle that is used in order to carry out simple activities with little or no human supervision. AUV’s are often used as survey platforms to map out the seafloor or characterize the physical, chemical or biological properties of the water being tested. AUV’s are designed to travel underwater and can be equipped with different kinds of payloads such as cameras, sonar, bottom profilers, multibeam echo sounders and more. The versatility of the configuration of AUV’s combined with the underwater vehicles ability to carry out an independent movement makes AUVs a powerful instrument in any underwater surveying or inspection job.

There are a large variety of autonomous underwater vehicles, those ranging from a weight of tens of kilograms to vehicles that weigh thousands of kilograms. AUV’s are employed for applications such as obtaining high-resolution maps of the deep seafloor or establishing a pervasive ocean presence. The frequent utilization of AUV technology has picked up over the recent years, leading to increased investment in AUV technology as well as the establishment of more commercial suppliers of AUVs and their services. The increasing number of applications for autonomous underwater vehicles combined with the evolution of AUV technology is leading to the increased penetration of AUV in various end-use sectors.

There are various factors that are driving the growth of the market, which includes factors such as increasing applications of autonomous underwater vehicles in various end uses and AUVs meeting specifications for carrying out research. Factors that are acting as an opportunity for the market include the advancements in AUV technology.

Autonomous Underwater Vehicles have several advantages such as their stability and agility, their highly improved data quality as well as reliability, the reduction in operational errors and costs that result from the operation of a human operator. It also has low deployment costs as well as does not require any complex support systems. These advantages are driving the market for Global Autonomous Underwater Vehicle Market. Factors such as the lack of quality assurance in comparison to human exploration as well as their large size are restraining the growth of the market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Autonomous Underwater Vehicle Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.

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