Global Autonomous Underwater Vehicles Market was estimated to be US$ 446.98 Mn in 2018 and is expected to grow at a CAGR of 22.41% over the Forecast Period, Due to Growing Adoption of AUVs to Deliver Real-time Data Transmission for Immediate Point-of-Inte

The global autonomous underwater vehicles market is projected to gain significant traction due to increasing penetration of autonomous underwater vehicles to maintain real-time data transmission for immediate point-of-interest inspection by defense sector. The ability of AUVs to provide an automated approach assists in reducing tactical timelines from slow, diver-centered operations to efficient, multi-aspect AUV-centered area operations, which is among the key factors propelling the market. In addition, adoption of advanced technologies in autonomous underwater vehicles to cater to the applications associated with mine counter measures (MCM) and intelligence, surveillance, reconnaissance (ISR) are projected to impel the demand of AUVs in near future. For instance, in 2019, Envitia Group PLC, a British geospatial and data company along with BAE Systems applied artificial intelligence (AI) and machine learning (ML) in the REMUS 100 AUV to task with hunting underwater mines by using sonar to survey seabed, thereby transmitting the data in real-time. Furthermore, autonomous underwater vehicles are fitted with state-of-the-art sensor systems, such as sonar systems and oceanographic sensors, which, instead of operator interference, can finish the entire point-of-interest inspection.

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Increasing numbers of research operations in the oil & gas industry coupled with growing public expenditure on marine water surveillance to preserve the equilibrium of aquatic life, are anticipated to drive the global autonomous underwater vehicles market. For instance, in 2018, Japan-based manufacturing multinational Kawasaki Heavy Industries came into an agreement with The Underwater Centre (TUC), a marine testing facility to test a prototype of its autonomous underwater vehicles to enable inspections of subsea pipelines. Similarly, in 2019, Fugro, a Dutch geo-data specialist company performed a deep-water autonomous underwater vehicle site survey for Brunei Shell Petroleum for pipeline routing and subsea structures in future deep-water field developments. Furthermore, the ability of autonomous underwater vehicles to map the ocean floors by making installation of submerged floors more cost-effective without harm to the underwater environment is another factor considered to impel the adoption of AUVs. Thus, such factors are projected to contribute in the growth of global autonomous underwater vehicles market during the forecast period.

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The detailed research study provides qualitative and quantitative analysis of global autonomous underwater vehicles market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

In terms of revenue, global autonomous underwater vehicles market was evaluated at US$ 446.98 Mn in 2018 and is expected to grow at a CAGR of 22.41%.
In 2018, the defense segment accounted for the largest market share under the application category. This can be attributed to increasing practices of defense sector to employ autonomous underwater vehicles to conduct route survey, area survey, mine identification and classification, and automated target recognition. However, the commercial segment is projected to grow with highest CAGR, with increasing number of partnership of oil and gas industry participants with AUV market participants in order to perform general survey & hydrography, pipeline inspection, and environmental monitoring.

Based on region, North America accounted for the largest market share in 2018. This can be accredited to the expansion of ocean exploration and increased defense expenditure in the oil and gas sector of autonomous underwater vehicles in the region.

Some of the players operating in the global autonomous underwater vehicles market are Atlas Elektronik GmbH, Boston Engineering Corporation, Fugro, Kongsberg Maritime, L3 OceanServer, Lockheed Martin Corporation, and Teledyne Technologies amongst others.

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Global Autonomous Underwater Vehicles Market:

By Technology
Collision Avoidance
Navigation
Communication
Imaging
Others

By Type
Shallow AUV's
Medium AUV's
Large AUV's

By Application
Defense
Mine Counter Measures (MCM)
Intelligence, Surveillance, Reconnaissance (ISR)
Hydrography
Unexploded Ordnance (UXO)
Anti-Submarine Warfare (ASW)
Others
Commercial
Pipeline Inspection
General Survey & Hydrography
Wave Height and Direction
Ports and Harbor Monitoring
Environmental Monitoring
Others

Research
3D Water-Current Profiling
Physical Oceanology
Marine Geology
Sediment Erosion & Transport (scour & Fill)
Ecological & Biological Habitat Assessment
Others

By Geography
North America
United States
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa

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