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Autonomous Underwater Vehicle (AUV) Market : Will Grow at a CAGR of 25.2% : Expected to Reach USD 5.7 Billion by 2028

By: SBWire

Autonomous Underwater Vehicle Market Next Big Thing | Major Market Players Are Bae Systems, Boeing, Eca Group, Graal Tech, ECA GROUP, Atlas Elektronik, Bluefin Robotics

Pune, Maharashtra -- (SBWIRE) -- 07/14/2022 -- Autonomous underwater vehicles (AUVs) are robots that can carry out underwater survey tasks like the detection and mapping of obstacles like submerged rocks and wrecks without the assistance of a human operator. In many ways, the AUV resembles a torpedo. It is made up of a pressurized hull to house power electronics, a propulsion system with one or two thrusters; control surfaces to manage the vehicle's movement, a streamlined fairing to lessen hydrodynamic drag, and control surfaces to manage the vehicle's propulsion.

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According to the latest research report of SNS Insider, the autonomous underwater vehicle (AUV) market is projected to reach USD 5.7 billion by 2028, with a CAGR of 25.2% during the forecast period of 2022–2028. A significant growth driver for the market is emerging as the expanding trend of modernizing underwater inspection and the rising demand for maritime security globally.

Drivers, Restraints, Opportunities and Challenges
The expansion of the autonomous underwater vehicle (AUV) market is anticipated to be fueled by an increase in the use of AUVs for undersea research. Autonomous underwater vehicles help scientists and researchers with habitat and oceanographic studies since they are able to take pictures of the seabed and surrounding habitat using imaging devices. The market for autonomous underwater vehicles (AUVs) is expected to grow quickly as a result of the fish farming industry's explosive growth. These vehicles can offer aquaculturists a low-cost and dependable platform for monitoring water quality parameters and observing fish behavior during aquaculture feeding procedures. Many businesses integrate high-standard hydrographic surveys with real-time and rapid data transfer for research and exploration activities.

Impact of the COVID-19 Pandemic
The global lockdown measures implemented to control the coronavirus epidemic have substantially harmed the fishing, tourism, and maritime transportation industries. Our oceans, seas, and beaches are suffering from the increasing unsustainable use of marine resources for economic benefit. The COVID-19 outbreak presents an opportunity to reverse course and revive businesses that rely on the maritime economy. By combining sensors like infrared, cameras, and radar, autonomous underwater vehicles may produce important data.

Market Segmentation
1.Shallow AUVs (up to 100 m)
2.Medium AUVs (up to 1,000m)
3.Large AUVs (>1,000m)

2.Synthetic Aperture Sonar
3.Acoustic Doppler Current Profilers
5.Echo Sounders

2.Streamlined Rectangular Style
3.Laminar Flow Body
4.Multi-hull Vehicle

1.Collision Avoidance

1.Military & Defense
2.Environment Protection & Monitoring
3.Archeology & Exploration
4.Oil & Gas
6.Search & Salvage Operations

According to type, the shallow AUVs (up to 100 m) segment is anticipated to hold a sizable share in the autonomous underwater vehicle (AUV) market. These AUVs, which are intended for 0-100m, are utilized for fast transit along coastlines. The AUVs can identify an item continuously approaching the vehicle at a distance of about 100 meters.

The commercial segment is anticipated to be the largest market segment by application. Commercial oil and gas exploration in deep fields off South America, Africa, and Asia uses AUVs and oceanographic gliders. AUVs are also employed to meet the needs of environmental monitoring. It is employed in both the commercial and scientific fields.
Based on technology, the propulsion system category is projected to hold a significant market share. Due to its usage in inspection, underwater mapping, or intervention, the market is expanding.

Regional Analysis
North America held the greatest market share as a result of increased development efforts made by naval forces like the US to bolster the navy and rising deep-water operations in the Gulf of Mexico region,. This helped the autonomous underwater vehicle (AUV) market grow. During the forecasting period, the market's growth is predicted to be driven by the Asia-Pacific region. Significant development prospects for AUV producers are being created by the region's expanding countries in APAC, such China and India, who are increasingly adopting high-tech underwater equipment.

Competitive Landscape Outlook
Some of the major companies operating in the autonomous underwater vehicle (AUV) market are Kongsberg Maritime, Teledyne Marine, Saab, ATLAS ELEKTRONIK GmbH, General Dynamics Corp., and, Hydromea.

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Table Of Content
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact Of Ukraine-Russia War
5. Value Chain Analysis
6. Porter's 5 Forces Model
7.  PEST Analysis
8. Autonomous Underwater Vehicle (AUV) Segmentation, By Type
8.2 Shallow AUVs (Up To 100 M)
8.3 Medium AUVs (Up To 1,000m)
8.4 Large AUVs (>1,000m)
9. Autonomous Underwater Vehicle (AUV) Segmentation, By Payload Type
9.1 Introduction
9.2 Cameras
9.3 Synthetic Aperture Sonar
9.4 Acoustic Doppler Current Profilers
9.5 Sensors
9.6 Echo Sounders
9.7 Others
10. Autonomous Underwater Vehicle (AUV) Segmentation, By Shape
10.1 Introduction
10.2 Torpedo
10.3 Streamlined Rectangular Style
10.4 Laminar Flow Body
10.5 Multi-Hull Vehicle
11. Autonomous Underwater Vehicle (AUV) Segmentation, By Technology
11.1 Introduction
11.2 Collision Avoidance
11.3 Navigation
11.4 Imaging
11.5 Communication
11.6 Propulsion
12. Autonomous Underwater Vehicle (AUV) Segmentation, By Application
12.1 Introduction
12.2 Military & Defense
12.3 Environment Protection & Monitoring
12.4 Archeology & Exploration
12.5 Oil & Gas
12.6 Oceanography
12.7 Search & Salvage Operations
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest Of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest Of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest Of Latin America
14.Company Profiles
14.1 Atlas Elektronik
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS View
14.2 Bae Systems
14.3 Boeing
14.4 Eca Group
14.5 Graal Tech
14.7 Bluefin Robotics
14.8 Boston Engineering Corporation
14.9 Fugro
14.10 Hydromea
14.11 International Submarine Engineering
15.Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments

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