Offshore AUV Market is expected to reach USD 77.13 Million by 2023

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The Global market for autonomous underwater vehicle (AUV) is expected to grow from USD 36.21 Million in 2017 to USD 77.13 Million by 2023, at a CAGR of 12.77% between 2017 and 2023. The growth of this market can be attributed to factors such as the growing importance of more reliable security measures worldwide and the increasing offshore oil & gas production.

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Among all applications, the autonomous underwater vehicle market for archeological and exploration applications is expected to grow at the highest rate between 2017 and 2023. AUVs are widely 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. However, military & defense applications are expected to hold the largest share of the autonomous underwater vehicle market in 2017.

The market for large AUVs is expected to grow at a high rate between 2017 and 2023. Large AUVs can operate at a depth of more than 1,000 meters and are widely used for hydrographic exploration, deep ocean search, and deep water surveys. The AUVs intended for exploration activities in deep waters are specifically used for deep water mapping and surveying applications, including pipe surveys for the oil & gas sector. There is a growing demand for new energy sources worldwide, which can be met with the help of large AUVs as this type of AUVs can reach great depths underwater.

North America held the largest share of the autonomous underwater vehicle market in 2016. The increasing adoption of AUVs for military & defense applications in the US is driving the growth of the AUV market in North America. However, among all regions, the AUV market in APAC is expected to grow at the highest rate between 2017 and 2023. The rising need for energy, along with the high GDP growth rate, in developing countries in APAC, such as China and India, is creating huge opportunities for manufacturers of AUVs in this region.

On the basis of product, the Offshore AUV market is primarily split into
Shallow AUV (depth up to 100 m)
Medium AUVs (depth up to 1000 m)
Large AUVs (depth more than 1000 m)

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On the basis on the end users/applications, this report covers
Defense
Scientific Research
Commercial

This report inspects the overall Offshore AUV market by instigating the previous market trends and occurrences. This is required to figure out the current competitive landscape and how it is prone to change. The analysis of the report is carried out in several layers starting with primary research parameters, followed by secondary research. Each segment and sub-segment of the market is exhaustively perused and studied. Various market influencing factor at both local and China levels are considered. The report thus segments the overall Offshore AUV market based on geography, its type, and by end-use.

The report uses a few demonstrated industry analysis contraptions. They allow the examination to gather a succinct evaluation of the general Offshore AUV market and help the reader and market players to be directed regarding theory and business judgments. The broad coverage of the market gives this report a distinct edge. It gathers significant and discretionary research structures in this manner. Seasoned analysts have made a note of the recorded experiences and derived from it a way to change predict and to design a structure for the general Offshore AUV market in the years ahead.

Table of Contents

1 Offshore AUV Overview1
1.1 Product Overview and Scope of Offshore AUV1
1.2 Classification of Offshore AUV by Product Category2
1.2.1 Global Offshore AUV Sales (Units) Comparison by Types (2013-2023)2
1.2.2 Global Offshore AUV Sales (Units) Market Share by Types in 20173
1.2.3 Shallow AUV (depth up to 100 m)4
1.2.4 Medium AUVs (depth up to 1000 m)5
1.2.5 Large AUVs (depth more than 1000 m)5
1.3 Global Offshore AUV Market by Applications/End Users6
1.3.1 Global Offshore AUV Sales (Units) and Market Share Comparison by Applications (2013-2023)6
1.3.2 Defense7
1.3.3 Scientific Research8
1.3.4 Commercial9

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2 Global Offshore AUV Market Competition by Players/Manufacturers15
2.1 Global Offshore AUV Sales and Market Share of Key Players/Manufacturers (2013-2018)15
2.2 Global Offshore AUV Revenue and Share by Players/Manufacturers (2013-2018)17
2.3 Global Offshore AUV Average Price (K USD/Unit) by Players/Manufacturers (2013-2018)20
2.4 Global Offshore AUV Market Competitive Situation and Trends23

3 Global Offshore AUV Sales and Revenue by Regions (2013-2018)28
3.1 Global Offshore AUV Sales (Units) and Market Share by Regions (2013-2018)28
3.2 Global Offshore AUV Revenue (Million USD) and Market Share by Regions (2013-2018)30
3.3 Global Offshore AUV Price (K USD/Unit) by Regions (2013-2018)32

4 Global Offshore AUV Sales and Revenue by Type/ Product Category (2013-2018)33
4.1 Global Offshore AUV Sales (Units) and Market Share by Type/ Product Category (2013-2018)33
4.2 Global Offshore AUV Revenue (Million USD) and Market Share by Type (2013-2018)35
4.3 Global Offshore AUV Price (K USD/Unit) by Type (2013-2018)37
4.4 Global Offshore AUV Sales Growth Rate (%) (%) by Type (2013-2018)37

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