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Autonomous Underwater Vehicles Market growth is expected to gain high momentum during the forecast period due to increased military tasks and government regulations. Autonomous underwater vehicles (AUV) are the specially designed unmanned vehicles that are robotic in nature and are used for various exploration and research work under the sea. These are also termed as marine robots and are used for a wide range of military tasks, exploration for archaeological purpose and research for different industries like oil & gas and others. Some of the tasks included in these applications are undersea mapping; tracking oceanographic features; finding naval sea mines; downed aircraft search; laying undersea cables and inspection of submerged structures.
Segment Analysis
On the basis of vehicle type, they are segmented as small, medium, large, payload, imaging, navigation, and other. On the basis of application area, they are segmented into Military & defense, explorations, and other segments. The key factors for the growth of the global AUV market are rapid advancement in technology, the requirement of much safer sea borders and an increasing number of research and exploration work carried out for archaeological and reserves discoveries.
Some of the key Impact Factors:
Regional Outlook:
The regional outlook for autonomous underwater vehicles market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for autonomous underwater vehicles market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of autonomous underwater vehicles market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.
Asia Pacific is estimated one of the fastest growing regions for autonomous underwater vehicles market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Atlas Elektronik GmbH, Saab Group, Bluefin Robotics, Boston Engineering Corporation, Lockheed Martin Corporation, International Submarine Engineering (ISE) Ltd., Oceanserver Technology, Teledyne Technologies, Kongsberg Gruppen, Graal, Inc., Eca Group, Fugro….
Market Segmentation:
By Vehicle Type:
By Application Area:
By Region:
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