Autonomous Underwater Vehicles Market to Grow at a CAGR of 14.9% by 2022 According to New Research
The Global Autonomous Underwater Vehicles Market is accounted for $190.56 million in 2015 and is expected to reach $505.23 million by 2022 growing at a CAGR of 14.9% during the forecast period Increased adoption of autonomous underwater vehicles for military applications and raise in the offshore oil & gas production are some of the key factors favoring the market growth. However, strict government regulations are hampering the market. Advanced navigation provides ample of opportunities for the market growth.
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