Autonomous Underwater Vehicle (AUV) Market – Business Trends, New Opportunities, Production and Regional Outlook to 2028

The global Autonomous Underwater Vehicle (AUV) market size is expected to reach USD 3,143.3 Million in 2028 and register a revenue CAGR of 21.9%

NEW YORK, NY, UNITED STATES, December 15, 2021 /EINPresswire.com/ -- The global Autonomous Underwater Vehicle (AUV) market size is expected to reach USD 3,143.3 Million in 2028 and register a revenue CAGR of 21.9% over the forecast period, according to the latest report by Reports and Data. Increasing number of oceanographic research projects and rising investments by governments of various countries across the globe in these projects are key factors driving market revenue growth. Self-propelled equipment that conducts underwater survey missions without the need for human involvement is known as an autonomous underwater vehicle. It is mainly used for remote detection, navigation, and mapping in a variety of marine applications. Collision avoidance, imaging, marine exploration, communication, archaeological investigation, and other applications are a few among these. Unlike a remotely operated vehicle, AUVs are not dependent on any surface boats, thereby allowing these to execute deep water missions even in adverse weather conditions.

AUVs are in high demand in the military and defense industries for underwater monitoring and surveillance missions due to increasing maritime security concerns. In addition, increasing number of maritime exploration activities to find minerals such as cobalt, zinc, and magnesium, which are used in consumer electronics and vehicles, and rising investments and efforts by the oceanography sector in R&D projects are factors driving demand for real-time data transfer and high-quality hydrographic surveys. Moreover, increasing integration of AUVs with biogeochemical sensors and Connectivity-Temperature-Depth (CTD). AUVs are being increasingly used in the aquaculture industry to monitor conductivity, water turbidity, and temperature, as well as observe fish behavior. In addition, by boosting intra-communication efficiency among remotely deployed AUVs, the Internet of Underwater Things (IoUT) is expected to drive market revenue growth.

Click Here To get a Sample Report @  https://www.reportsanddata.com/sample-enquiry-form/4765

Some major companies profiled in the market report include Teledyne Technologies, Kongsberg Maritime, L3 Ocean Server, Saab AB, General Dynamics Corporation, International Submarine Engineering Limited, Lockheed Martin Corporation, Boston Engineering Corporation, ECA Group, and Teledyne Technologies Incorporated.

Some Key Highlights from the Report

• Large AUVs (more than 1,000 meters) segment accounted for the largest revenue share in 2020. Ability of large AUVs to operate at deep levels (more than 1,000 meters) makes these ideal for habitat research, oceanography, oil & gas exploration, and search and rescue operations. Increasing deployment of large undersea vessels in mine warfare, surveying and reconnaissance, countermeasures, anti-submarine warfare, and undersea cable inspection is expected to drive revenue growth of this segment.
• Navigation segment is expected to register a robust revenue CAGR in the global autonomous underwater vehicle market over the forecast period. Navigation technology plays a crucial role in completing a variety of underwater missions and ensuring safety against collisions and safe recoveries. In addition, this technology is used to detect the position or location of an AUV.
• Sensor segment is expected to register a robust revenue CAGR over the forecast period. It is widely used in AUVs for detecting, scanning, mapping, and remote sensing applications. Antisubmarine Warfare (ASW) missions and pipeline inspections often make use of AUVs to survey underwater environments and detect objects of interest. In such cases, sensors are utilized to detect and classify a wide range of chemicals in seawater.
• Archeology and exploration segment is expected to account for largest revenue share in the global autonomous underwater vehicle market over the forecast period. Underwater exploration is a rapidly expanding activity that involves studying, drilling, analyzing, and excavating mineral deposits such as magnesium, zinc, and cobalt. Deep sea beds, wrecks, rock formations, and debris that could be prospective archaeological sites are also explored by AUVs.
• North America is expected to account for a robust revenue share in the global autonomous underwater vehicle market over the forecast period. Increasing use of AUVs in the oil & gas industry, as well as rising number of marine research operations and military spending are some factors expected to drive revenue growth of the market in North America.

Check Discount @ https://www.reportsanddata.com/discount-enquiry-form/4765

Key questions answered in Autonomous Underwater Vehicle (AUV) Market Report:
• What will the market size be in 2028 and what will the growth rate be?
• What are the key market trends?
• What is key factor driving this Autonomous Underwater Vehicle (AUV) market?
• What are the challenges to market growth?
• Who are the major key vendors in this Autonomous Underwater Vehicle (AUV) market?
• What are the market opportunities, market risk and market overview and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

For the purpose of this report, Reports and Data has segmented the global autonomous underwater vehicle market based on type, shape, technology, payload type, application, and region:
Type Outlook (Revenue, USD Million; 2018-2028)
Shallow AUVs (Up to 100 Meters)
Medium AUVs (Up to 1,000 Meters)
Large AUVs (More Than 1,000 Meters)

Shape Outlook (Revenue, USD Million; 2018-2028)
Laminar Flow Body
Multi-Hull Vehicle
Streamlined Rectangular Style
Torpedo

Technology Outlook (Revenue, USD Million; 2018-2028)
Collision Avoidance
Navigation
Communication
Propulsion
Imaging

Payload Type Outlook (Revenue, USD Million; 2018-2028)
Acoustic Doppler Current Profilers (ADCPs)
Echo Sounders
Synthetic Aperture Sonars
Cameras
Sensors
Others

Application Outlook (Revenue, USD Million; 2018-2028)
Military & Defense
Oil & Gas
Oceanography
Archeology & Exploration
Search & Salvage Operations
Environmental Protection & Monitoring
Scientific Research
Commercial

Regional Outlook (Revenue, USD Million; 2018-2028)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Sweden
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Israel
Rest of MEA

Download Summary @ https://www.reportsanddata.com/download-summary-form/4765

Browse More Trending Report

Compressed Natural Gas (CNG) Vehicles Market https://www.reportsanddata.com/report-detail/compressed-natural-gas-cng--vehicles-market

Commercial Aircraft Disassembly, Dismantling, and Recycling Market https://www.reportsanddata.com/report-detail/commercial-aircraft-disassembly-dismantling-and-recycling-market

Automotive Anti-lock Braking Systems (ABS) Market https://www.reportsanddata.com/report-detail/automotive-anti-lock-braking-abs-market

About us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Tushar Rajput
Reports and Data
+ 12127101370
sales@reportsanddata.com
Visit us on social media:
Facebook
Twitter
LinkedIn