Global Autonomous Underwater Vehicle Market
By Technology (Collision Avoidance, Communication, Propulsion, Imaging, Navigation, Sonar), Type (Shallow AUVs, Medium AUVs, Large AUVs), End User (Commercial, Military & Defense, Scientific), and Regional Market Size, Status and Forecast to 2025
The Global Autonomous Underwater Vehicle Market was valued at USD 312.24 million in 2016 and is projected to reach USD 1918.33 million by 2025, growing at a CAGR of 22.35% from 2017 to 2025.
An Autonomous Underwater Vehicle (AUV) is a robot that travels underwater without requiring input from an operator. AUVs are programmed at the surface, and then navigate through the water on their own, collecting data such as temperature, salinity, and dissolved oxygen, detect chlorophyll from microscopic marine algae, and measure concentrations of small particles in the water, map the seafloor and collect images of the seafloor and the midwater. Benefits of AUVs include - highly stable and agile, provides accurate target location, low deployment costs, high reliability and improved data quality.
1. Market Drivers
1.1 Technological advancements
1.2 Increasing need of more reliable security measures
1.3 AUVs Meeting Specifications for Carrying Out Active and Vigorous Research
1.4 Rising demand for AUVs in environmental protection, military & defense and oil & gas sectors
2. Market Restraints
2.1 Issues related with technical accuracy and communication protocol
2.2 High overall operation cost
The Global Autonomous Underwater Vehicle Market is segmented on the technology, type, end user, and region.
1.1 Collision Avoidance
1.4 Imaging, Navigation
2. By Type:
2.1 Shallow AUVs
2.2 Medium AUVs
2.3 Large AUVs
3. By End User:
3.2 Military & Defense
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. International Submarine Engineering (ISE) Ltd.
2. Bluefin Robotics
3. ECA Group
4. Saab AB
5. Kongsberg Maritime
6. Teledyne Gavia EHF.
7. Lockheed Martin Corporation
8. Atlas Elektronik GmbH
10. Graal, Inc
11. Boston Engineering Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Autonomous Underwater Vehicle Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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