According to IMARC Group’s latest report, titled “Autonomous Underwater Vehicle (AUV) Market Analysis: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global autonomous underwater vehicle market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 19% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
An autonomous underwater vehicle (AUV) is a self-driven device that conducts underwater survey missions without any human help. It is primarily employed for remote navigation, detection, and mapping, pertaining to diverse marine-based applications. These applications generally include collision avoidance, marine exploration, communication, imaging, archaeological research, etc. As a result, AUVs are widely adopted across diverse sectors, such as oil and gas, defense, scientific research, oceanography, archaeological exploration, aquaculture, etc.
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Market Trends
The global market for AUVs is primarily driven by the expanding oil and gas industry. The oil and gas companies are increasingly adopting AUVs for offshore explorations, underwater monitoring, installing new infrastructures, and deep-water oil/gas production activities. Moreover, a significant growth in the military and defense sectors has also augmented the demand for AUVs for underwater monitoring and surveillance. Besides this, the market is further catalyzed by the growing number of marine exploration activities for mineral and ore extraction. Rapid integration of AUVs with connectivity-temperature-depth (CTD) and biogeochemical sensors, along with the emergence of the Internet-of-Underwater Things (IoUT), will further continue to drive the market growth in the coming years.
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List of Key Companies Covered in this Market Report:
- Atlas Electronik GmbH
- BAE Systems PLC
- Boston Engineering Corporation
- ECA Group
- Fugro (AMS: FUR)
- General Dynamics Mission Systems Inc. (General Dynamics Corporation)
- Hydromea SA
- International Submarine Engineering Ltd
- Kongsberg Maritime (Kongsberg Gruppen ASA)
- L3Harris OceanServer
- Lockheed Martin Corporation
- Saab AB
- The Boeing Company
- Teledyne Marine (Teledyne Technologies Inc)
The report has segmented the market on the basis of type, technology, payload type, shape, application and geography.
Breakup by Type:
- Shallow AUVs (depth <100 M)
- Medium AUVs (depth 100 M to 1000 M)
- Large AUVs (depth >1000 M)
Breakup by Technology:
- Communication Systems
- Acoustic Communication Systems
- Satellite Communication Systems
- Navigation Systems
- Inertial Navigation Systems
- Acoustic Navigation Systems
- Geophysical Navigation Systems
- Dead Reckoning Navigation Systems
- Others
- Propulsion Systems
- Fin Control Actuators
- Propulsion Motors
- Pump Motors
- Linear Electromechanical Actuators
- Battery Modules
- Imaging Systems
- Side-Scan Sonar (SSS) Imagers
- Multibeam Echo Sounders (MBES)
- Sub-Bottom Profilers (SBPS)
- LED Lighting
- Collision Avoidance Systems
Breakup by Payload Type:
- Cameras
- High Resolution Digital Still Cameras
- Dual-Eye Cameras
- Sensors
- CTD Sensors
- Biogeochemical Sensors
- Synthetic Aperture Sonars
- Echo Sounders
- Acoustic Doppler Current Profilers
- Others
Breakup by Shape:
- Torpedo
- Laminar Flow Body
- Streamlined Rectangular Style
- Multi-Hull Vehicle
Breakup by Application:
- Military & Defence
- Oil & Gas
- Environmental Protection and Monitoring
- Oceanography
- Archaeology and Exploration
- Search and Salvage Operations
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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