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Autonomous Underwater Vehicles Market worth $7.18 billion by 2030, growing at a CAGR of 19.28% - Exclusive Report by 360iResearch
Autonomous Underwater Vehicles Market | 360iResearch
The Global Autonomous Underwater Vehicles Market to grow from USD 2.08 billion in 2023 to USD 7.18 billion by 2030, at a CAGR of 19.28%.
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Autonomous underwater vehicles (AUVs) are self-guided, untethered robotic systems designed to operate underwater for various research activities, commercial purposes, and defense applications to navigate complex marine environments and complete tasks with high accuracy without human intervention. AUVs are used for harbor & coastal surveillance, which is crucial for safeguarding sensitive maritime installations against potential threats from subsurface intrusions or hostile activities. The increasing defense spending by governments worldwide due to escalating geopolitical tensions, rising terrorism threats, and growing challenges to international maritime security has improved the deployment of autonomous underwater vehicles. Moreover, government and non-government organizations' heavy investments in deep-sea field development and seabed mapping have propelled the demand for AUVs worldwide. The technical limitations and complexity in designing AUVs to ensure safe operations with high costs associated with manufacturing and operating AUVs limit product penetration. However, deploying inertial navigation systems, Doppler velocity logs, global positioning systems, and depth sensors to track AUVs' position accurately in challenging underwater conditions is expected to create lucrative opportunities for the autonomous underwater vehicles market in the coming years.
The Americas represents a highly developing autonomous underwater vehicles market owing to the increasing investments in maritime research and development (R&D) activities with emerging advanced applications of AUVs in the military and defense sectors. The AUVs market in the Asia-Pacific region is rapidly evolving due to increasing budgets for the military, growing investment in advanced defense technology & warfare systems, and rising focus by the research institution and local organizations on R&D activities. Europe, the Middle East & Africa region showcase the overall developing landscape characterized by increasing threats to the offshore industry, managing & surveillance of offshore construction operations, and offering autonomous maritime support. The significant spending on the defense sector in the European economies has augmented the advancements and developments in autonomous underwater vehicles. The supportive government initiatives and investments to expand the use of AUVs and facilitate the development and execution of maritime and offshore operations are expanding the usage of AUVs in the EMEA region.
Market Segmentation & Coverage:
This research report categorizes the Autonomous Underwater Vehicles Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Collision Avoidance, Communication, Imaging, Navigation, and Propulsion. The Navigation is projected to witness significant market share during forecast period.
Based on Depth of Operation, market is studied across Deep-Water and Shallow-Water. The Shallow-Water is projected to witness significant market share during forecast period.
Based on Payload, market is studied across Acoustic Doppler Current Profilers, Cameras, Echo Sounders, and Synthetic Aperture Sonars. The Acoustic Doppler Current Profilers is projected to witness significant market share during forecast period.
Based on Shape, market is studied across Laminar Flow Body, Multi-hull Vehicle, Streamlined Rectangular Style, and Torpedo. The Laminar Flow Body is projected to witness significant market share during forecast period.
Based on Application, market is studied across Archeological & Exploration, Environmental Protection & Monitoring, Military & Defense, Oceanography, Offshore Renewable Energy, Oil & Gas, and Search & Salvage Operation. The Search & Salvage Operation is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Autonomous Underwater Vehicles Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Autonomous Underwater Vehicles Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Autonomous Underwater Vehicles Market, highlighting leading vendors and their innovative profiles. These include Atlas Elektronik GmbH by ThyssenKrupp AG, BAE Systems PLC, Blue Robotics Inc., Boston Engineering Corporation, Deep Ocean Engineering, Inc., Deep Trekker Inc., ECA Group, EVOLOGICS GmbH, Fugro Group, General Dynamics Mission Systems by General Dynamics Corporation, Graal Tech Srl, Hydromea SA, IHI Corporation, International Submarine Engineering Limited, iXblue SAS, Kongsberg Gruppen ASA, L3Harris Technologies, Inc., Lockheed Martin Corporation, MITSUBISHI HEAVY INDUSTRIES, LTD., NORBIT ASA, Oceaneering International Inc., Rolls-Royce PLC, Saab AB, SAIPEM SpA, Stone Aerospace, Inc., Subsea 7, Teledyne Technologies Incorporated, The Boeing Company, and VideoRay LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Autonomous Underwater Vehicles Market, by Technology
7. Autonomous Underwater Vehicles Market, by Depth of Operation
8. Autonomous Underwater Vehicles Market, by Payload
9. Autonomous Underwater Vehicles Market, by Shape
10. Autonomous Underwater Vehicles Market, by Application
11. Americas Autonomous Underwater Vehicles Market
12. Asia-Pacific Autonomous Underwater Vehicles Market
13. Europe, Middle East & Africa Autonomous Underwater Vehicles Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Autonomous Underwater Vehicles Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Autonomous Underwater Vehicles Market?
3. What is the competitive strategic window for opportunities in the Autonomous Underwater Vehicles Market?
4. What are the technology trends and regulatory frameworks in the Autonomous Underwater Vehicles Market?
5. What is the market share of the leading vendors in the Autonomous Underwater Vehicles Market?
6. What modes and strategic moves are considered suitable for entering the Autonomous Underwater Vehicles Market?
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