Autonomous Underwater Vehicle (AUV) Market Share, Analysis, Report and Forecast, 2017-2024

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Autonomous Underwater Vehicle Market Price,
Trends, Industry Outlook Forecast 2017-2024
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Key Insights from Autonomous Underwater Vehicle
Market

• Autonomous Underwater Vehicle Market size will
  gain momentum over the coming years owing to its
  growing need for reliable security measures at
  maritime borders. AUVs are being deployed for
  exploration activities for deep water surveying
  applications such as pipe surveys in the oil
  gas industry.
• Autonomous underwater vehicles aid scientists
  researchers in habitat oceanography studies
  owing to their ability to capture images of the
  seabed and the neighboring habitat with the usage
  of imaging systems. These systems provide precise
  information, such as size and color of the area
  under consideration, which is a crucial factor
  driving the AUV market growth.
• RD investments, high initial investments, and
  excessive cost of operations will hamper the AUV
  market growth. Connectivity issues in deep-sea
  levels is also a major challenge in applications
  wherein the vehicles communicate or send data and
  other relevant information above the sea level.

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Continued...

• The AUV market can be segmented into technology,
  type, and applications. Based on technology, the
  industry is classified into collision avoidance,
  navigation, communication, imaging, and
  propulsion technologies. The navigation
  technology will witness a high growth over the
  coming years as the information, such as the
  location of vehicles, is necessary for safe
  operation and recovery.
• Based on the applications, the AUV market can be
  segmented into military defense, oil gas,
  environmental protection monitoring,
  oceanography, archeological exploration, and
  search salvage operations. The archeological
  exploration segment is anticipated to grow
  steadily owing to the use of vehicles in
  underwater exploration activities, which include
  the extraction of minerals such as magnesium,
  zinc, and cobalt.

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Latest Research Report On Autonomous Underwater
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Major Companies in Autonomous Underwater Vehicle
Market

• Atlas Elektronik GmbH
• Saab Group
• Bluefin Robotics
• Boston Engineering Corporation
• Lockheed Martin Corporation
• International Submarine Engineering (ISE) Ltd.
• Oceanserver Technology
• Teledyne Technologies
• Kongsberg Gruppen

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Regional Insights in Autonomous Underwater
Vehicle Market

• The Asia Pacific AUV market will witness a high
  growth owing to its implementation in several
  regional navy applications. High GDP growth in
  several countries in the region will create
  several growth opportunities. Rising awareness
  regarding the growing security requirements in
  countries, such as China, India, Japan, and South
  Korea, has enhanced the adoption of these
  vehicles. Moreover, the presence of major
  players, such as Atlas Elektronik GmbH, Lockheed
  Martin Corporation, and Saab Group in the region,
  is providing a strong base for the AUV market
  over the coming years.

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