Autonomous Underwater Vehicle Market Revenue Share, Insights & Future Outlook

AUV Market Size

The global Autonomous Underwater Vehicles market size is projected to reach USD 968.9 Million by 2027, from USD 421.8 Million in 2020, at a CAGR of 12.1% during 2021-2027.

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The growth in AUV operations due to the wide range of commercial, scientific, and military uses, including oceanography and anti-submarine warfare, is anticipated to drive the global market for autonomous underwater vehicles (AUVs). Since these AUVs are outfitted with sensors, actuators, and onboard intelligence systems for ocean exploration and to efficiently execute survey and sampling collection activities without any human guidance or supervision, demand for the sector has been steadily increasing over time.

Unmanned underwater vehicles that are operated without direct human input are called autonomous underwater vehicles (AUVs). They are made to carry out underwater survey missions needed in the business, academic, and defense sectors. They are equipped with the ability to complete an entire operation on their own and then return to the pre-planned area where the data is gathered and analyzed. Key applications for autonomous underwater vehicles are in commerce, research, and defense.

Trends Influencing the Growth of the Autonomous Underwater Vehicle Market:

One of the key trends affecting the future of the autonomous underwater vehicle (AUV) market is the acceleration of oil and gas exploration operations. These programs will boost autonomous underwater vehicle development to aid in deep- and ultra-water finds. The global pace of defense spending has increased over time. The need for AUVs to conduct underwater survey missions for remote navigation and mapping will therefore increase.

A significant portion of the autonomous underwater vehicle market, given the importance of deep undersea projects. Additionally, the development of autonomous, reasonably priced big AUVs for defense applications such as surveillance, reconnaissance, and targeting will advance market dynamics in the next few years.

AUV Market Segmentation

By Type
• Shallow AUV (Depth up to 100 m)
• Medium AUVs (Depth up to 1000 m)
• Large AUVs (Depth more than 1000 m)

By Application
• Defense
• Scientific Research
• Commercial

Key Companies
• Kongsberg Maritime
• OceanServer Technology
• Teledyne Gavia
• Bluefin Robotics
• Atlas Elektronik
• ISE Ltd
• JAMSTEC
• ECA SA
• SAAB Group
• Falmouth Scientific
• Tianjin Sublue

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This release was published on openPR.