Boonton, NJ -- (SBWIRE) -- 10/16/2018 -- Global Autonomous Underwater Vehicle Market Analysis

According to Verified Market Intelligence, The Global Autonomous Underwater Vehicle Market was valued at USD 430.6 Million in 2017 and is projected to reach USD 1.4 Billion by 2025, growing at a CAGR of 21.1% from 2018 to 2025.

What is Autonomous Underwater Vehicle?

AUV, or autonomous underwater vehicles are underwater robots that are able to travel underwater without the requirement of an operator. AUV's are part of a bigger group of underwater systems that are known as unmanned underwater vehicles. Underwater vehicles also include non-autonomous remotely operated underwater vehicles (ROVs) which differ from autonomous underwater vehicles because they are controlled as well as powered by an operator using a remote control. When it comes to military applications, the autonomous underwater vehicles are known as unmanned undersea vehicle (UUV). Due to the several applications in which Autonomous underwater vehicles can be used in such as Environmental Protection and Monitoring and oil and gas are leading to the growth of the Global Autonomous Underwater Vehicle Market.

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Global Autonomous Underwater Vehicle Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Autonomous Underwater Vehicles have several advantages such as their stability and agility, their highly improved data quality as well as reliability, the reduction in operational errors and costs that result from the operation of a human operator. It also has low deployment costs as well as does not require any complex support systems. These advantages are driving the market for Global Autonomous Underwater Vehicle Market. Factors such as the lack of quality assurance in comparison to human exploration as well as their large size are restraining the growth of the market.

Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Autonomous Underwater Vehicle Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

Global Autonomous Underwater Vehicle Market Competitive Landscape

The "Global Autonomous Underwater Vehicle Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as International Submarine Engineering (ISE) Ltd., Teledyne Gavia EHF., ECA Group, Saab AB, Kongsberg Maritime, Graal, Inc., Lockheed Martin Corporation, Fugro, Atlas Elektronik GmbH, Bluefin Robotics, Boston Engineering Corporation. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

Global Autonomous Underwater Vehicle Market Segmentation, by Shape
Streamlined Rectangular Style
Multihull Vehicle
Torpedo
Laminar Flow Body

Global Autonomous Underwater Vehicle Market Segmentation, by Technology
Navigation
Propulsion
Collision Avoidance
Communication
Imaging

Global Autonomous Underwater Vehicle Market Segmentation, by Type
Shallow AUVs (Depth Up to 100 M)
Medium AUVs (Depth Up to 1,000 M)
Large AUVs (Depth More Than 1,000 M) Others

Global Autonomous Underwater Vehicle Market Segmentation, by Application
Oil & Gas
Oceanography
Archeological and Exploration
Search and Salvage Operations Others
Military & Defense
Environmental Protection and Monitoring
Others

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Global Autonomous Underwater Vehicle Market Geographic Scope
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World