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Autonomous Underwater Vehicles Market: Industry Size, Demand & Top Market Players 2024

Zion Market Research, the market research group announced the analysis report titled 'Autonomous Underwater Vehicles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'


Sarasota, FL -- (SBWIRE) -- 09/05/2017 -- Global Autonomous Underwater Vehicles Market: Overview

Autonomous Underwater Vehicles (AUVs) is also referred to as unmanned underwater vehicles (UUVs). It is mainly used to carry out underwater survey missions such as mapping and detection of underwater obstructions, rocks, wrecks, and underwater attacks that pose a threat to the recreational and commercial vehicles of the navigation sector.

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Global Autonomous Underwater Vehicles Market: Growth Factors

The increasing demand for the autonomous underwater vehicle in the military and defense applications such as environmental assessment, monitoring of smuggling of the illegal products, mine countermeasures, border surveillance and security, and antisubmarine warfare is expected to boost the global autonomous underwater vehicles market. The rising offshore oil and gas production and vigorous research being carried out under large depths help escalate the growth of the global market. The deep underwater operating capability of large AUVs makes them suitable for applications such as search and recovery operations applications, oceanography, and environment research further attributes the global market growth. The stringent government policies regarding the AUVs flight and high maintenance cost hinder the global market growth.

Global Autonomous Underwater Vehicles Market: Segmentation

The global autonomous underwater vehicles market is bifurcated based on the technology, type, and application. The technology segment is divided into propulsion, imaging, navigation, sonar, communication, and collision avoidance. The propulsion subsegment is further categorized into propulsion motor, pump motor, fin control actuator, and linear electromechanical actuator. The navigation subsegment is classified into compass-based navigation solution and inertial navigation system. The type segment is divided into medium AUVs (depth of about 1000m), shallow AUVs (depth of about 100m), and large AUVs (depth of about 1000m above). The application segment is grouped into oil and gas, military and defense, environmental protection and monitoring, search and salvage operations, oceanography, and archeology and exploration. The oil and gas subsegment is further bifurcated into a geophysical survey, debris or clearance survey, pipeline survey, and baseline environmental assessment. The environmental protection and monitoring subsegment are categorized into fishery study, habitat research, water sampling, fishery study, and emergency response. The military and defense subsegment is grouped into environmental assessment, monitoring smuggling of illegal goods, border security and surveillance, antisubmarine warfare, and mine countermeasures.

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Global Autonomous Underwater Vehicles Market: Regional Analysis

North America dominates the global autonomous underwater vehicles market due to the high demand for military and defense applications in order to reach large depths. The countries such as the U.S., France, China, India, and Canada have been utilizing autonomous underwater vehicles for the military and defense applications such as antisubmarine warfare, border security and surveillance, environmental assessment, mine countermeasures, and monitoring smuggling of illegal goods. The high demand for the autonomous underwater vehicles, high GDP growth rate, and energy needs propel the market in the Asia-Pacific region.

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Global Autonomous Underwater Vehicles Market: Competitive Players

The major players that dominate the global autonomous underwater vehicles market include Kongsberg Maritime AS, Atlas Elektronik Group GmbH, Bluefin Robotics Corporation, Saab Group, International Submarine Engineering Ltd., ECA Group, Teledyne Gavia EFH., Boston Engineering Corporation, OceanServer Technology Inc., and Fugro N.V.

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