Autonomous Underwater Vehicle Market, By Type (Shallow AUVs, Medium AUVs, and Large AUVs), By Technology (Collision Avoidance, Communication, Navigation, Propulsion), By Application (Military & Defence, Oil & Gas, Environmental Protection and Monitoring, Oceanography, Archaeological and Exploration), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

An autonomous underwater vehicle (AUV) is a machine which trips underwater without necessitating input from an operator. AUVs establishes a part of a larger group of undersea systems known as unmanned underwater vehicles. It is a link that comprises non-autonomous remotely functioned underwater vehicles (ROVs), which are measured and powered from the surface by an operator/pilot via an umbilical or using remote control. It may be used in numerous military applications like anti-submarine warfare, oceanography, payload delivery, mine counter and many more. Autonomous underwater vehicles can also be helpful to track illegal human and drug trafficking along with goods and materials smuggling. The autonomous underwater vehicle market accounted for US$ 1.18 billion in 2020 and is estimated to be US$ 7.43 billion by 2030 and is anticipated to register a CAGR of 20.4%.

Rising technological advancement

However, high initial investments, and excessive cost of operations are few factors, literally hamper the autonomous underwater vehicle market growth. Connectivity issues in deep-sea levels is also a major challenge in applications wherein, the vehicles communicate or send data and other relevant information above the sea level. Though the demand for vehicles is rising, several government organizations are imposing guidelines on using the vehicles, which are hindering the autonomous underwater vehicle market growth.

Autonomous underwater vehicle market is segmented based on type, technology, application and region.

Based on type, it is segmented as shallow AUV’s, medium AUV’s, and large AUV’s. Based on technology, global market is segmented as collision avoidance, communication, navigation, propulsion. Based on the applications, the AUV market can be segmented into military & defense, oil & gas, environmental protection and monitoring, oceanography, archaeological and exploration.

The autonomous underwater vehicle market accounted for US$ 1.18 billion in 2020 and is estimated to be US$ 7.43 billion by 2030 and is anticipated to register a CAGR of 20.4%. Based on region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific AUV market has high growth owing to its implementation in several regional navy applications. High GDP growth in several countries in the region will create several growth opportunities globally.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the autonomous underwater vehicle market report based on type, technology, application, and region.

Autonomous Underwater Vehicle Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      •  
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key market players contributing to the autonomous underwater vehicle market includes Kongsberg Maritime, Inc., General Dynamics Mission Systems, Inc., ECA GROUP, Saab AB, Lockheed Martin Corporation, Fugro, Atlas Electronic GmbH, Boston Engineering Corporation, International Submarine Engineering Limited, GRAAL, Inc.

• Kongsberg Maritime, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• General Dynamics Mission Systems, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• ECA GROUP
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Saab AB
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Lockheed Martin Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Fugro.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Atlas Elektronik GmbH
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Boston Engineering Corporation.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• International Submarine Engineering Limited
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• GRAAL, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies