According to IMARC Group’s latest report, titled “Autonomous Underwater Vehicle (AUV) Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the global autonomous underwater vehicle market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 19% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
An autonomous underwater vehicle (AUV) is a self-driven device that conducts underwater survey missions without any human help. It is primarily employed for remote navigation, detection, and mapping, pertaining to diverse marine-based applications. These applications generally include collision avoidance, marine exploration, communication, imaging, archaeological research, etc. As a result, AUVs are widely adopted across diverse sectors, such as oil and gas, defense, scientific research, oceanography, archaeological exploration, aquaculture, etc.
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Market Trends
The global market for AUVs is primarily driven by the expanding oil and gas industry. The oil and gas companies are increasingly adopting AUVs for offshore explorations, underwater monitoring, installing new infrastructures, and deep-water oil/gas production activities. Moreover, a significant growth in the military and defense sectors has also augmented the demand for AUVs for underwater monitoring and surveillance. Besides this, the market is further catalyzed by the growing number of marine exploration activities for mineral and ore extraction. Rapid integration of AUVs with connectivity-temperature-depth (CTD) and biogeochemical sensors, along with the emergence of the Internet-of-Underwater Things (IoUT), will further continue to drive the market growth in the coming years.
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List of Key Companies Covered in this Market Report:
Atlas Electronik GmbHBAE Systems PLCBoston Engineering CorporationECA GroupFugro (AMS: FUR)General Dynamics Mission Systems Inc. (General Dynamics Corporation)Hydromea SAInternational Submarine Engineering LtdKongsberg Maritime (Kongsberg Gruppen ASA)L3Harris OceanServerLockheed Martin CorporationSaab ABThe Boeing CompanyTeledyne Marine (Teledyne Technologies Inc)The report has segmented the market on the basis of type, technology, payload type, shape, application and geography.
Breakup by Type:
Shallow AUVs (depth <100 M)Medium AUVs (depth 100 M to 1000 M)Large AUVs (depth >1000 M)Breakup by Technology:
Communication SystemsAcoustic Communication SystemsSatellite Communication SystemsNavigation SystemsInertial Navigation SystemsAcoustic Navigation SystemsGeophysical Navigation SystemsDead Reckoning Navigation SystemsOthersPropulsion SystemsFin Control ActuatorsPropulsion MotorsPump MotorsLinear Electromechanical ActuatorsBattery ModulesImaging SystemsSide-Scan Sonar (SSS) ImagersMultibeam Echo Sounders (MBES)Sub-Bottom Profilers (SBPS)LED LightingCollision Avoidance SystemsBreakup by Payload Type:
CamerasHigh Resolution Digital Still CamerasDual-Eye CamerasSensorsCTD SensorsBiogeochemical SensorsSynthetic Aperture SonarsEcho SoundersAcoustic Doppler Current ProfilersOthersBreakup by Shape:
TorpedoLaminar Flow BodyStreamlined Rectangular StyleMulti-Hull VehicleBreakup by Application:
Military & DefenceOil & GasEnvironmental Protection and MonitoringOceanographyArchaeology and ExplorationSearch and Salvage OperationsOthersBreakup by Geography:
North America (U.S. & Canada)Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)Latin America (Brazil, Mexico)Middle East & AfricaKey highlights of the report:
Market Performance (2015-2020)Market Outlook (2021- 2026)Porter’s Five Forces AnalysisMarket Drivers and Success FactorsSWOT AnalysisValue ChainComprehensive Mapping of the Competitive LandscapeIf you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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