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AUV Market to Grow on account of High Demand from Military & Defense Sector | Leading Players: Atlas Elektronik GmbH, Saab Group, Bluefin Robotics, Boston Engineering Corporation, Lockheed Martin Corporation

08-05-2020 03:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

AUV Market

AUV Market

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.

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Key Takeaways of the AUV Market Study
1. On the basis of vehicle type, they are segmented as small, medium, large, payload, imaging, navigation, and other.
2. On the basis of application area, they are segmented into Military & defense, explorations, and other segments.
3. 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.
4. The Asia Pacific AUV market will witness a high growth owing to its implementation in several regional navy applications. High GDP growth will create several growth opportunities.

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Notable Development Trends to Open up New Horizons of Growth for AUV Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
1. In August 2019, To supply autonomous underwater vehicles (AUVs) and related monitoring and communication acoustic systems, Teledyne RD Instruments (US) received a contract from the US Naval Undersea Warfare Center. The contract was worth USD 22 million, which is expected to be made available till December 2024.
2. In March 2019, Teledyne RD Instruments (US) launched the industry’s most advanced Doppler velocity log (DVL), a workhorse navigator.
3. In April 2019, Teledyne Gavia ehf. (Iceland) launched the SeaRaptor AUV, which can be operated at a depth of 6,000 m. SeaRaptor is equipped with ascent and descent weight releases, acoustic modems, a black box pinger locator, onboard processing software, multi-beam echo sounders, a sub-bottom profiler, an obstacle avoidance multi-beam sonar, a Doppler velocity log, temperature, and a current, and depth sensor.
Major points covered in the AUV Market Study:
1. Macroeconomic factors affecting the AUV market and its potential
2. AUV Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the AUV market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are anlyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the AUV market, including detailed profiles of the top players in this market

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Some of the major players in the AUV market are 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:
• Small
• Medium
• Large
• Navigation
• Imaging
• Payload
• Others

By Application Area:
• Military & Defense
• Exploration
• Archaeological
• Oil & Gas
• Oceanography
• Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Vehicle Type
o By Application Area

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
o By Vehicle Type
o By Application Area

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Vehicle Type
o By Application Area

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Vehicle Type
o By Application Area

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Vehicle Type
o By Application Area

Rest of the World
o By Region (South America, Africa)
o By Vehicle Type
o By Application Area

Reasons to buy this report:
• Market size estimation of global AUV market on a regional and global basis
• The unique research design for market size estimation and forecasts
• Profiling of the major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet the specific requirements:
• By segment
• By sub-segment
• By region/ country

Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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