Autonomous Underwater Vehicles Market is Anticipated to Register at a Healthy CAGR of 6.1% During the Forecast Period 2023 - 2027

The global autonomous underwater vehicle market is projected to reach US$ 596.7 Mn by the end of the forecast period, 2018-2027, registering a CAGR of 6.1%.

Persistence Market Research (PMR) analyses the autonomous underwater vehicle market in its new publication titled "Autonomous Underwater Vehicle Market: Global Industry Analysis 2013-2017 and Forecast, 2018-2027". The autonomous underwater vehicle market study considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2018 to 2027.

The key objective of this study is to identify the dynamics of the market and illustrate recent updates and insights that may impact the different segments of the global autonomous underwater vehicle market. The CAGR (Compound Annual Growth Rate) has been represented for the forecast period 2018 to 2027.

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This autonomous underwater vehicle market study includes various viewpoints of the global market, including value chain analysis, market dynamics, macro-economic factors, competition analysis, pricing analysis, cost structure, regulatory outlook, segmental and regional growth comparison and autonomous underwater vehicle industry growth analysis, along with segment-level projections in an inclusive representation.

According to PMR's research, the global autonomous underwater vehicle market is anticipated to register a CAGR of 6.1% during the forecast period. Growing production of new autonomous vehicles, coupled with the increasing exploration and research activities, is expected to drive the global autonomous underwater vehicle market over the forecast period.

PMR's report on the autonomous underwater vehicle market analyses the market at a regional and global level through market segmentation on the basis of key parameters, i.e. product type, end users, technology type and region. Market consolidation is a market characteristic observed during the study. Importantly, autonomous underwater vehicles are mainly sold through authorized dealers or prominent manufacturers in the global market.

Autonomous underwater vehicles have gained popularity in recent years, owing to advancements in the application of revolutionary technologies to combat challenges in autonomous operations carried out underwater. Technological momentum in the area of underwater robotics has been on an upward trajectory, leveraging the convergence of systems, mechanical, and electrical engineering.

As the evolving landscape of the Navy necessitates more critical missions that decide payload, size, processing power, and battery capacity of AUV, there has been a marked significance in the integration of researcher resourcefulness and management software into entrepreneurial technologists.

Additionally, it is highly likely that efficiency and productivity in autonomous underwater vehicle manufacturing will increase in the foreseeable future, given sustained prospects in the constructive competition, which involve operating and interface standards.

The autonomous underwater vehicle market report has been designed to enable the reader to obtain detailed knowledge about the global autonomous underwater vehicle market. The global autonomous underwater vehicle market report starts with a market introduction, definitions and taxonomy, followed by the market view point, market dynamics and market analysis by key segments, regional analysis and competition landscape.

Individual sections covered in the report include a qualitative as well as quantitative assessment based on several facts, historical as well as ongoing trends gaining momentum in the global autonomous underwater vehicle market. The key highlight of the report is considered to be the in-depth primary survey conducted around the globe. The survey focuses on the qualitative as well as cross-sectional information in the autonomous underwater vehicle market.

The global autonomous underwater vehicle market report starts with an overview of the market, providing a summarized view of the report and provides market definitions and taxonomy. In the subsequent section, the report defines the market viewpoint, which includes primary survey, macroeconomic factors, forecast factors, value chain and various other qualitative data regarding the market.

The section that follows includes market dynamics, such as drivers, trends, restraints, and opportunities, impacting the global autonomous underwater vehicle market during the forecast period.

The following sections of the report provide global market value (US$ Mn) projections on the basis of the aforementioned segments. The global market values represented in these sections have been derived by gathering information and data at a country as well as regional level.

The next section of the report represents a concise view of the global autonomous underwater vehicle market based on six prominent regions considered in the study. The section includes regional market position, growth potential and market attractiveness analysis for each of these regions.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR (Compound Annual Growth Rate) but also analyse the autonomous underwater vehicle market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the autonomous underwater vehicle market and identify the right opportunities available for value chain participants.

Another crucial feature included in PMR's comprehensive report is the analysis of all the key segments in the autonomous underwater vehicle market and the regional adoption, along with the revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve in the autonomous underwater vehicle market.

In order to offer an accurate forecast, PMR started by sizing the current market, which forms the basis of how the global autonomous underwater vehicle market is expected to develop in the coming years. Given the characteristics of the global autonomous underwater vehicle market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and our own analysis.

However, forecasting the market in terms of various autonomous underwater vehicle segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.

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Drivers and Restraints:

Drivers:

1. Increasing demand for autonomous underwater vehicles (AUVs) for oceanographic research and exploration activities, including mapping of seafloor, oil and gas exploration, and environmental monitoring.
2. Growing adoption of AUVs for defense and security applications, including mine countermeasures, intelligence, surveillance, and reconnaissance (ISR), and anti-submarine warfare (ASW).
3. Technological advancements in AUVs, such as improved sensors, navigation systems, and communication technologies, which enhance their operational capabilities and efficiency.

Restraints:

1. High initial investment cost and maintenance expenses associated with AUVs, which limits their adoption among small and medium-sized enterprises (SMEs) and organizations with limited budgets.
2. Limited battery life and operational range of AUVs, which restricts their deployment for longer duration missions and in remote areas.
3. Complexities associated with AUV operations and maintenance, requiring specialized knowledge and technical expertise.

Global Autonomous Underwater Vehicle Market: Competition Landscape

In the final section of the report, PMR has provided the global autonomous underwater vehicle market structure and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global autonomous underwater vehicle market along with their business strategies to report audiences.

In addition to this, the section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the autonomous underwater vehicle market.

This section includes market share analysis and tier structure analysis of the key manufacturers in the global autonomous underwater vehicle market. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the autonomous underwater vehicle market.

Some of the key players involved in the manufacturing of autonomous underwater vehicles and included in this study are Kongsberg Marine, Teledyne Gavita ehf, Bluefin Robotics, ECA Group, Saab AB, Furgo, ATLAS ELEKTRONIL GmbH, L3 Oceanserver, Boston Engineering Corporation, Hydromea SA, and International Submarine Engineering Ltd., among others.

Key Questions Answered in the Report

1. How has the autonomous underwater vehicle market evolved over the past four years?
2. What shape is the autonomous underwater vehicle market expected to take in terms of volume and value during the study period?
3. What are some of the prevailing market dynamics in the autonomous underwater vehicle market?
4. What are the competition developments and trends in the autonomous underwater vehicle market?
5. What are some of the underlying macro-economic and industry factors impacting the growth of the autonomous underwater vehicle market?
6. What are the important key challenges, opportunities and improvement factors for autonomous underwater vehicle market players?
7. What are the important market positioning and key strategies of key manufacturers as per the autonomous underwater vehicle market taxonomy?
8. How is the competition structured at present? How has it evolved in the autonomous underwater vehicle market over the past few years?

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

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Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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The Automotive and Transportation division of PMR provides exclusive coverage and actionable insights about the automotive and transportation industry encompassing the automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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