Richmond, Dec. 12, 2023 (GLOBE NEWSWIRE) -- According to a research report "Autonomous Underwater Vehicle (AUV) Market”, by Type (Shallow AUVs (Up to 100 Meters), Medium AUVs (Up to 1,000 Meters) and Large AUVs (More Than 1,000 Meters)), Technology (Collision Avoidance, Communication, Navigation, Propulsion and Imaging), Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style and Multi-hull Vehicle), Payload Type (Cameras, Sensors, Synthetic Aperture Sonar, Echo Sounders, Acoustic Doppler Current Profilers and Others), Application (Military & Defense, Oil & Gas, Environment Protection & Monitoring, Oceanography, Archaeology & Exploration and Search & Salvage Operation) and Region - Global Forecast to 2030.
Global Autonomous Underwater Vehicle (AUV) Market Report Scope:
| Report | Details |
| Market size value in 2023 | USD 1.8 Billion |
| Market size value in 2030 | USD 6.4 Billion |
| CAGR (2023-2030) | 20.0% |
| Forecast Period | 2023–2030 |
| Historic Data | 2019 |
| Forecast Units | Value (USD Million/USD Billion) |
| Segments Covered | Type, Technology, Shape, Payload Type, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and RoW |
| |
| |
| Sample of Companies Covered |
|
| |
|
Download the Sample - https://www.marketdigits.com/request/sample/3504
TOC Covers in Depth & Breath on Autonomous Underwater Vehicle (AUV) Market
170 - Market Data Tables
65 - List of Figures
225 – Pages
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.
Market Overview
An autonomous underwater vehicle (AUV) is a robotic device capable of self-guided exploration of water bodies and sea beds, conducting examinations of the biological and chemical characteristics of water. The AUV excels in providing highly precise data, including the creation of detailed maps of the deep seabed. It can be remotely controlled and is equipped with features such as mechanical manipulators, high-resolution video cameras, automated drilling, and instruments for sample collection. The AUV efficiently stores collected data, including images and sensor data, on onboard computers until retrieval post the completion of a dive. Anticipated factors driving revenue growth in the global AUV market include increased research and development in the oil and gas sector, augmented government expenditure on seawater monitoring to uphold marine life equilibrium, and the burgeoning expansion of aquaculture. AUVs are increasingly sought after in aquaculture due to their ability to serve as reliable and cost-effective platforms for observing water quality parameters and fish behavior during feeding processes. The versatility of AUVs extends to various military applications, encompassing anti-submarine warfare, oceanography, payload delivery, mine countermeasures, and more. Furthermore, AUVs prove instrumental in combatting illegal activities such as medicine trafficking, piracy, as well as in investigating air crashes and shipwrecks. The future holds the prospect of equipping AUVs with a combination of batteries and supercapacitors to power onboard.
Major Vendors in the Global Autonomous Underwater Vehicle (AUV) Market:
- ATLAS ELEKTRONIK GmbH
- BaltRobotics Sp.z.o.o.
- Boeing
- Boston Engineering Corporation
- ecoSUB Robotics Limited
- Eelume AS
- Exail Technologies SA
- Falmouth Scientific, Inc. (FSI)
- Fugro N.V.
- General Dynamics Corporation
- Graal Tech S.r.l.
- Hydromea SA
- International Submarine Engineering Limited
- Kongsberg Group ASA
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- Riptide Autonomous Solutions
- Saab AB
- Teledyne Technologies Incorporated
- Terradepth
- Tianjin Sublue Ocean Science & Technology Co., Ltd
Request for Discount @ https://www.marketdigits.com/request/discount/3504
Increasing Capital Expenditure of Companies in the Offshore Oil and Gas Industry
The autonomous underwater vehicle (AUV) market is witnessing a surge in growth, propelled by the increasing capital expenditure of companies in the offshore oil and gas industry. As companies operating in the offshore sector recognize the value of advanced technologies in exploration and data collection, there has been a notable uptick in investment towards AUVs. These self-guided robotic devices play a pivotal role in investigating underwater environments, conducting precise surveys, and gathering critical data for the oil and gas industry. The enhanced capabilities of AUVs in mapping the seabed and assessing underwater conditions align seamlessly with the needs of offshore operations. The rising trend of capital expenditure in this industry reflects a strategic shift towards leveraging cutting-edge technologies to optimize exploration, improve operational efficiency, and ensure environmental sustainability in offshore activities.
Market Dynamics
Drivers:
- Increasing demand for efficient and cost-effective solutions for underwater exploration and data acquisition
- Advancements in sensor technology
- Growing investment in maritime security
- Expanding applications for AUVs
Opportunities:
- Growing demand for AUVs in the defense sector
- Integration of NiMH batteries into high-speed AUVs
- Rising use of AUVs to protect subsea cables and seabed environment
Upcoming expansion of Internet through 5G driving demand for underwater cables
The imminent expansion of the Internet driven by the widespread implementation of 5G technology is fueling a heightened demand for underwater cables in the autonomous underwater vehicle (AUV) market. As the deployment of 5G paves the way for enhanced connectivity and increased data transfer speeds, there is a growing need for robust underwater communication infrastructure. Underwater cables, vital for cross-continental communications, are becoming increasingly essential to support the burgeoning demands of the evolving digital landscape. The demand for AUVs in this context is rising, as these autonomous vehicles play a pivotal role in the installation, maintenance, and monitoring of underwater cables, ensuring seamless connectivity and reliable data transmission in the wake of the expanding Internet facilitated by 5G technology.
The market for Autonomous Underwater Vehicle (AUV) is led by Asia Pacific.
In 2022, Asia Pacific is anticipated to achieve a strong Compound Annual Growth Rate (CAGR) in revenue within the global autonomous underwater vehicle market throughout the forecast period. This growth is attributed to the escalating underwater activities, such as mineral exploration on seafloors and broader archaeological endeavors focused on water bed research. Moreover, the military and defense sector in the region is actively investing in Research and Development (R&D) efforts to enhance the capabilities of autonomous underwater vehicles, thereby improving awareness of adjacent water bodies. Notably, countries like India have demonstrated this commitment through the acquisition and deployment of the Adamya AUV for both security and research purposes. The Adamya AUV showcases versatile functionalities, including underwater mine detection, ocean monitoring, and countermeasure operations.
The Navigation technology Segment is Anticipated to Hold the Largest Market Share During the Forecast Period
The Autonomous Underwater Vehicle (AUV) Market is categorized based on technology into Collision Avoidance, Communication, Navigation, Propulsion, and Imaging. In 2022, Navigation technology emerged as the top revenue generator, ensuring precise data collection during extended underwater missions. Submarine navigation technology plays a crucial role by providing accurate velocity, position, and attitude information for AUVs, ensuring reliable and geo-referenced data for informed decision-making. AUVs, equipped with autonomous operations and real-time data, can dynamically adjust their trajectory and maintain optimal positioning, thereby improving efficiency and minimizing the need for human supervision. This heightened safety and energy optimization contribute significantly to industry growth. The rising demand for AUVs with advanced navigation capabilities across various sectors is driving the evolution of navigation technology, incorporating cutting-edge sensors and algorithms. Accurate navigation information accelerates industry growth by ensuring data quality, fostering autonomy, and enhancing safety and efficiency in longer AUV missions.
Inquire Before Buying: https://www.marketdigits.com/request/enquiry-before-buying/3504
Browse Similar Reports:
Electric Vehicles (EV) Tires Market 2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Electric Vehicle E-Axle Market 2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industrial Electric Vehicles Market 2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
About MarketDigits:
MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
We offer services that are most relevant and beneficial to the users, which help businesses to sustain themselves in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.
Contact Us:
MarketDigits
1248 CarMia Way Richmond,
VA 23235,
United States.
USA: +1 847 450 0808
Email: sales@marketdigits.com
Web: https://www.marketdigits.com
Follow Us on: | Twitter | LinkedIn |
