Autonomous Underwater Vehicle (AUV) Market to Witness Huge Growth by Key Players: Kongsberg Maritime, Teledyne Marine, Bluefin Robotics, ECA GROUP, Saab AB, Lockheed Martin Corporation, Fugro, ATLAS ELEKTRONIK GmbH, Boston Engineering Corporation and Othe

According to Market Study Report, Autonomous Underwater Vehicle (AUV) Market provides a comprehensive analysis of the Autonomous Underwater Vehicle (AUV) Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Autonomous Underwater Vehicle (AUV) Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Autonomous Underwater Vehicle (AUV) Market (without payload) is projected to grow from USD 638 Million in 2020 to USD 1,638 Million by 2025; it is expected to grow at a CAGR of 20.8% from 2020 to 2025. This report spread across 188 pages, profiling 20 companies and supported with 87 tables and 59 figures are now available in this research.

Top Key Players Profiled in the Autonomous Underwater Vehicle (AUV) Market:
o Kongsberg Maritime (Norway)
o Teledyne Marine (US)
o Bluefin Robotics (US)
o ECA GROUP (France)
o Saab AB (Sweden)
o Lockheed Martin Corporation (US)
o Fugro (Netherlands)
o ATLAS ELEKTRONIK GmbH (Germany)
o Boston Engineering Corporation (US)
o International Submarine Engineering (Canada)
o Graal Tech (Italy)
o BAE Systems (UK)
o Boeing (US)
o L3 Harris OceanServer (US)
o Hydromea SA (Switzerland)

"The archeology & exploration segment of the market is projected to grow at the highest CAGR during the forecast period."
Among applications, the archeological and exploration segment of the AUV market is expected to grow at the highest CAGR during the forecast period. AUVs can be used as an important tool for underwater exploration activities to extract minerals such as cobalt, zinc, and magnesium; these minerals are used in the fabrication of smartphones, laptops, and hybrid cars, among others. According to the Digital Index of North American Archaeology (DINAA), there would be an increase in the number of underwater archeological sites if the sea level rises by 1 meter, which would submerge more than 13,000 recorded historic and prehistoric archeological sites, as well as over 1,000 locations currently eligible for inclusion on the National Register of Historic Places (NRHP).

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"The torpedo segment estimated to hold the largest share of the AUV market in 2020."
In 2020, the torpedo segment is estimated to hold the largest share of the AUV market. The growth of this segment can be attributed to the ease of storage and launch of torpedo-shaped AUVs from ships, aircraft, and helicopters without significant modifications. The drag of these AUVs is the second-best after laminar flow body AUVs. But torpedo-shaped AUVs are preferred over laminar flow body AUVs as they are stable and hence, offer a good balance between speed and stability.

"North America estimated to hold the largest share of the AUV market in 2020."
In 2020, North America is estimated to hold the larges share of the AUV market. The increasing adoption of AUVs in the military & defense applications in the US is driving the growth of the AUV market in North America. For instance, in August 2019, Tele dyne Instruments (US) received an indefinite-delivery/indefinite-quantity (IDIQ) contract worth USD 22 million from the US Naval Undersea Warfare Center to supply AUVs and related monitoring and communication acoustic systems. The increasing adoption of advanced underwater systems in emerging economies in APAC, including China and India, is creating significant growth opportunities for the manufacturers of AUVs in this region.

Breakdown of primary participants' profile:
o By Company Type: Tier 1- 40%, Tier 2- 40%, and Tier 3 - 20%
o By Designation: C-lLevel Executives- 40%, Directors- 30%, and Others - 30%
o By Region: North America -40%,APAC- 30%, Europe - 20%,and RoW - 10%

Competitive Landscape of Autonomous Underwater Vehicle (AUV) Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Companies
4 Strength Of Product Portfolio (25 Players)
5 Business Strategy Excellence (25 Players)
6 Competitive Situations And Trends
6.1 Contracts And Agreements
6.2 Product Launches
6.3 Partnerships And Collaborations
6.4 Expansions
6.5 Acquisitions

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Research Coverage:
This research report categorizes the Autonomous Underwater Vehicle (AUV) Market based on technology, shape, type, application, and region. Further, this report also categorizes the AUV payload market based on payload type. The report describes the key drivers, restraints, challenges, and opportunities pertaining to the AUV market and forecasts the same till 2025. Apart from these, the report covers leadership mapping and analysis of all companies included in the AUV ecosystem.

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