Albany, NY -- (SBWire) -- 01/26/2018 --Inside Autonomous Underwater Vehicles Technology

Autonomous underwater vehicle (AUV) is a kind of robot, which can travel and function underwater on its own. Such vehicles finds immense application in the oil and gas, research and defense industries among others. In the oil and gas industry, AUVs helps to make detailed maps of sea floor. The detailed maps ensures oil and gas companies to build subsea infrastructures and pipeline.

In the defense industry, AUVs have numerous military applications such as mine counter measures, anti-submarine warfare, intelligence and surveillance, oceanography, identification and inspection of unmanned objects, payload delivery, navigation network nodes and communication, time-critical strike and information operations among others.

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Autonomous underwater vehicles range in size from lightweight portable to large vehicle such as 10 meters in length. Large AUVs have advantages in terms sensor payload capacity and endurance. The market for AUV is evolving and upcoming AUVs are expected to be hover capable, which will be used for light intervention and inspection for offshore energy applications.

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The autonomous underwater vehicles market can be classified by application, by type and by technology. The application segment can be classified into oil and gas, research, defense and others. By type, the market can be segregated as shallow AUVs, medium AUVs and large AUVs.The technology segments is divided into collision avoidance, imaging, propulsion, navigation and communication.

Autonomous Underwater Vehicles Market Segmentation by Region

In the autonomous underwater vehicles market, North America holds the largest market share followed by Europe, Asia Pacific, Middle East and Africa, and Latin America. Increasing defense expenditures coupled with the rising ocean research and application of autonomous underwater vehicles in the oil and gas industry in North America is driving the growth of this market in the region.

However, in the coming years, Asia Pacific is expected to become the largest market considering the high growth rate of autonomous underwater vehicles in the region. China, India, Japan, South Korea and Australia are the key markets of the Asia Pacific region.

The key players in the autonomous underwater vehicles market include Teledyne Gaviaehf. (Iceland), Kongsberg Maritime AS (Norway), Bluefin Robotics Corporation (U.S.), Saab Group (Sweden), ECA Group (France),Fugro N.V. (Netherlands), Ocean Server Technology, Inc. (U.S.), Atlas Elektronik Group GmbH (Germany), International Submarine Engineering Ltd. (Canada)and Boston Engineering Corporation (U.S.) among others.