14.9% CAGR Growth of Autonomous Underwater Vehicles Market by 2022 According to Research Focusing on: Boston Engineering, Oceanserver Technology, Inc., Bluefin Robotics Corporation, Kongsberg Maritime AS, SAAB Group, Atlas Elektronik

Autonomous underwater vehicle (AUV) is a robot that travels underwater without the driver. The AUV is part of a larger group of subsea systems known as unmanned underwater vehicles. Autonomous remote controlled submersible (ROV) piloted / piloted by a pilot / pilot through a remote pilot. In military applications, AUVs are more often referred to as unmanned undersea vehicles (UUVs). Underwater gliders are a subclass of AUV.

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 favouring 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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North America captured the largest market share of the AUV market attributed to high adoption rate of these vehicles in the U.S. for military & defense applications. Asia Pacific is anticipated to grow at the fastest CAGR due to high GDP growth rate in emerging countries such as China and India, generating ample of opportunities for AUV manufacturers in the region.

Some of the key players in Autonomous Underwater Vehicles market include Boston Engineering, Oceanserver Technology, Inc., Bluefin Robotics Corporation, Kongsberg Maritime AS, SAAB Group, Atlas Elektronik Group GmbH, Teledyne Gavia ehf., Fugro N.V., ECA Group and International Submarine Engineering, Ltd.

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Technologies Covered: Navigation, Inertial Navigation System, Compass-Based Navigation Solution, Imaging, Collision Avoidance, Sonar, Propulsion, Pump Motor, Fin Control Actuator, Linear Electromechanical Actuator, Propulsion Motor and Communication
Types Covered: Medium AUVs (Depth Up to 1,000m), Shallow AUVs (Depth Up to 100m), Large AUVs (Depth More Than 1,000m)

Applications Covered: Oceanography, Military & Defense, Environmental Assessment, Antisubmarine Warfare (ASW), Mine Countermeasures (MCMS), Border Security and Surveillance, Monitoring Smuggling of Illegal Goods, Environmental Protection and Monitoring, Fishery Study, Habitat Research, Emergency Response, Water Sampling, Search and Salvage Operations, Oil & Gas, Debris/Clearance Survey, Pipeline Survey, Baseline Environmental Assessment, Geophysical Survey, Archeology and Exploration, Commercial, Offshore and Inshore

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