Global autonomous underwater vehicle market estimated to foster due to the surge in demand for AUV in the oil & gas industry for oil & gas reserve exploration and pipeline monitoring applications
Global autonomous underwater vehicle market size value was USD 436.74 million in 2019, which expected to reach USD 2090.02 million by 2027, growing at a CAGR of 18.33 % during 2020-2027. The primary factors are the growing application of UAV in sea creatures, lakes, and ocean floors, which scientists conduct in the research industries. Additionally, the increasing demand for the AUV systems in the navy and defense sectors as a cost-effective option to revolutionizing their ability to protect key ports will drive the growth of the market. Further, the rapid growth of the autonomous underwater vehicle market proving the fish farming industry an affordable and reliable platform for aqua farmers to monitor water quality parameters, such as turbidity, temperature, and conductivity, and observe fish behavior during feeding processes in aquaculture. These keys factors expected to fuel the growth of the global autonomous underwater vehicle market in future periods.
Moreover, the growing usage of autonomous underwater vehicles in deep-water drilling applications as they eliminate the requirement of surface vessels and can operate autonomously will boom the market growth. Also, the rise in investment in the AUVs technology for advanced military applications such as intelligence, surveillance, investigation, mine countermeasure, oceanography, communication/navigation, anti-submarine warfare, and others led to the robust growth of the AUV industry. The upsurge in the application of AUV in the oil and gas industry such as to provide a detailed map of the seafloor, which ensures companies to build subsea pipelines and infrastructures. Furthermore, AUV provides a better cost-effective way of subsea completion installations without causing any harm to the underwater environment, which will demand the autonomous underwater vehicle.
Type Overview in the Global Autonomous Underwater Vehicle Market
Based on type, the global autonomous underwater vehicle market classified Shallow AUVs, Medium AUVs, and Large AUVs. The Large AUVs segment expected to lead the market by 2027, owing to the surge in demand for large AUVs in oceanography, habitat research, and search & salvage operations as it can operate at larger depth.
Technology Overview in the Global Autonomous Underwater Vehicle market
Based on technology, the global autonomous underwater vehicle market segregated into navigation, imaging, collision avoidance, communication, and propulsion. The imaging segment witnessed the largest market share in 2019 and will dominate by 2027. It is owing to growing usages of imaging technology in military & defense and offshore industries to infiltrate sediments on the seafloor and allowing the detection of layers within sediments.
Payload Type Overview in the Global Autonomous Underwater Vehicle Market
Based on payload type, the global autonomous underwater vehicle market classified into Cameras, Sensors, Synthetic Aperture Sonars, Echo Sounders, Acoustic Doppler Current Profilers, and Others. The Sensors segment projected to lead the market by 2027. It is due to the oil industry applying the applications of sensors for estimating their position and determining the location of objects in their workspace.
Application Overview in the Global Autonomous Underwater Vehicle market
Based on application, the global autonomous underwater vehicle market categorized into military & defense, oil & gas, environmental protection and monitoring, oceanography, archeology, and exploration, search and salvage operations. The archeology and exploration segment will garner the highest revenue by 2027. It is on account of AUV help in locating, identifying, and surveying archaeological sites in the sea and rivers.
Regional Overview in the Global Autonomous Underwater Vehicle Market
By geography, the global autonomous underwater vehicle market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific held a higher market share in 2019 and will continue its dominance by 2027. It is attributable to the increasing demand for AUVs regarding the growing security requirements in countries and the rising oil & gas exploration activities in the APAC region.
Global Autonomous Underwater Vehicle Market: Competitive Landscape
Companies such as Kongsberg Maritime, Teledyne Marine, Bluefin Robotics, ECA GROUP, Saab AB, Lockheed Martin Corporation, Fugro, ATLAS ELEKTRONIK GmbH, Boston Engineering Corporation, International Submarine Engineering, Graal Tech, BAE Systems, Boeing, L3Harris OceanServer, and Hydromea SA are the key players in the global autonomous underwater vehicle market.
Global Autonomous Underwater Vehicle Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape 4.4. Competitors & Product Analysis 4.5. Regulatory Framework 4.6. Company market share analysis, 2019 4.7. Porter's Five forces analysis 4.8. New Investment Analysis 4.9. PESTEL Analysis 5. Global Autonomous Underwater Vehicle Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Type 5.2.1.1. Two Shallow AUVs 5.2.1.2. Medium AUVs 5.2.1.3. Large AUVs 5.2.2. By Technology 5.2.2.1. Navigation 5.2.2.2. Imaging 5.2.2.3. Collision Avoidance 5.2.2.4. Communication 5.2.2.5. Propulsion 5.2.3. By Payload Type 5.2.3.1. Cameras 5.2.3.2. Sensors 5.2.3.3. Synthetic Aperture Sonars 5.2.3.4. Echo Sounders 5.2.3.5. Acoustic Doppler Current Profilers 5.2.3.6. Others 5.2.4. By Application 5.2.4.1. Military & Defense 5.2.4.2. Oil & Gas 5.2.4.3. Environment Protection and Monitoring 5.2.4.4. Oceanography 5.2.4.5. Archeology and Exploration 5.2.4.6. Search and Salvage Operations 5.2.5. By Region 5.2.5.1. North America 5.2.5.2. Europe 5.2.5.3. Asia Pacific 5.2.5.4. South America 5.2.5.5. Middle East & Africa 6. North America Autonomous Underwater Vehicle Market Overview 6.1. North America Autonomous Underwater Vehicle Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Autonomous Underwater Vehicle Market Share & Forecast, 2016-2027 6.2.1. By Type 6.2.1.1. Two Shallow AUVs 6.2.1.2. Medium AUVs 6.2.1.3. Large AUVs 6.2.2. By Technology 6.2.2.1. Navigation 6.2.2.2. Imaging 6.2.2.3. Collision Avoidance 6.2.2.4. Communication 6.2.2.5. Propulsion 6.2.3. By Payload Type 6.2.3.1. Cameras 6.2.3.2. Sensors 6.2.3.3. Synthetic Aperture Sonars 6.2.3.4. Echo Sounders 6.2.3.5. Acoustic Doppler Current Profilers 6.2.3.6. Others 6.2.4. By Application 6.2.4.1. Military & Defense 6.2.4.2. Oil & Gas 6.2.4.3. Environment Protection and Monitoring 6.2.4.4. Oceanography 6.2.4.5. Archeology and Exploration 6.2.4.6. Search and Salvage Operations 6.2.5. By Country 6.2.5.1. US 6.2.5.2. Canada 6.2.5.3. Mexico 6.2.6. Price-Point Analysis 6.2.7. Manufacturer & Distributor List (Top 5) 6.2.8. Company Market Share (Top 3-5) 6.2.9. Economic Impact Study on North America Autonomous Underwater Vehicle Market 7. Europe Autonomous Underwater Vehicle Market Overview 7.1. Europe Autonomous Underwater Vehicle Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Autonomous Underwater Vehicle Market Share & Forecast, 2016-2027 7.2.1. By Type 7.2.1.1. Two Shallow AUVs 7.2.1.2. Medium AUVs 7.2.1.3. Large AUVs 7.2.2. By Technology 7.2.2.1. Navigation 7.2.2.2. Imaging 7.2.2.3. Collision Avoidance 7.2.2.4. Communication 7.2.2.5. Propulsion 7.2.3. By Payload Type 7.2.3.1. Cameras 7.2.3.2. Sensors 7.2.3.3. Synthetic Aperture Sonars 7.2.3.4. Echo Sounders 7.2.3.5. Acoustic Doppler Current Profilers 7.2.3.6. Others 7.2.4. By Application 7.2.4.1. Military & Defense 7.2.4.2. Oil & Gas 7.2.4.3. Environment Protection and Monitoring 7.2.4.4. Oceanography 7.2.4.5. Archeology and Exploration 7.2.4.6. Search and Salvage Operations 7.2.5. By Country 7.2.5.1. Germany 7.2.5.2. UK 7.2.5.3. France 7.2.5.4. Italy 7.2.5.5. Rest of Europe 7.2.6. Price-Point Analysis 7.2.7. Manufacturer & Distributor List (Top 5) 7.2.8. Company Market Share (Top 3-5) 7.2.9. Economic Impact Study on Europe Autonomous Underwater Vehicle Market 8. Asia Pacific Autonomous Underwater Vehicle Market Overview 8.1. Asia Pacific Autonomous Underwater Vehicle Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Autonomous Underwater Vehicle Market Share & Forecast, 2016-2027 8.2.1. By Type 8.2.1.1. Two Shallow AUVs 8.2.1.2. Medium AUVs 8.2.1.3. Large AUVs 8.2.2. By Technology 8.2.2.1. Navigation 8.2.2.2. Imaging 8.2.2.3. Collision Avoidance 8.2.2.4. Communication 8.2.2.5. Propulsion 8.2.3. By Payload Type 8.2.3.1. Cameras 8.2.3.2. Sensors 8.2.3.3. Synthetic Aperture Sonars 8.2.3.4. Echo Sounders 8.2.3.5. Acoustic Doppler Current Profilers 8.2.3.6. Others 8.2.4. By Application 8.2.4.1. Military & Defense 8.2.4.2. Oil & Gas 8.2.4.3. Environment Protection and Monitoring 8.2.4.4. Oceanography 8.2.4.5. Archeology and Exploration 8.2.4.6. Search and Salvage Operations 8.2.5. By Country 8.2.5.1. China 8.2.5.2. India 8.2.5.3. Japan 8.2.5.4. Australia 8.2.5.5. Rest of Asia Pacific 8.2.6. Price-Point Analysis 8.2.7. Manufacturer & Distributor List (Top 5) 8.2.8. Company Market Share (Top 3-5) 8.2.9. Economic Impact Study on Asia Pacific Autonomous Underwater Vehicle Market 9. South America Autonomous Underwater Vehicle Market Overview 9.1. South America Autonomous Underwater Vehicle Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Autonomous Underwater Vehicle Market Share & Forecast, 2016-2027 9.2.1. By Type 9.2.1.1. Two Shallow AUVs 9.2.1.2. Medium AUVs 9.2.1.3. Large AUVs 9.2.2. By Technology 9.2.2.1. Navigation 9.2.2.2. Imaging 9.2.2.3. Collision Avoidance 9.2.2.4. Communication 9.2.2.5. Propulsion 9.2.3. By Payload Type 9.2.3.1. Cameras 9.2.3.2. Sensors 9.2.3.3. Synthetic Aperture Sonars 9.2.3.4. Echo Sounders 9.2.3.5. Acoustic Doppler Current Profilers 9.2.3.6. Others 9.2.4. By Application 9.2.4.1. Military & Defense 9.2.4.2. Oil & Gas 9.2.4.3. Environment Protection and Monitoring 9.2.4.4. Oceanography 9.2.4.5. Archeology and Exploration 9.2.4.6. Search and Salvage Operations 9.2.5. By Country 9.2.5.1. Brazil 9.2.5.2. Argentina 9.2.5.3. Rest of South America 9.2.6. Price-Point Analysis 9.2.7. Manufacturer & Distributor List (Top 5) 9.2.8. Company Market Share (Top 3-5) 9.2.9. Economic Impact Study on South America Autonomous Underwater Vehicle Market 10. Middle East & Africa Autonomous Underwater Vehicle Market Overview 10.1. Middle East & Africa Autonomous Underwater Vehicle Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Autonomous Underwater Vehicle Market Share & Forecast, 2016-2027 10.2.1. By Type 10.2.1.1. Two Shallow AUVs 10.2.1.2. Medium AUVs 10.2.1.3. Large AUVs 10.2.2. By Technology 10.2.2.1. Navigation 10.2.2.2. Imaging 10.2.2.3. Collision Avoidance 10.2.2.4. Communication 10.2.2.5. Propulsion 10.2.3. By Payload Type 10.2.3.1. Cameras 10.2.3.2. Sensors 10.2.3.3. Synthetic Aperture Sonars 10.2.3.4. Echo Sounders 10.2.3.5. Acoustic Doppler Current Profilers 10.2.3.6. Others 10.2.4. By Application 10.2.4.1. Military & Defense 10.2.4.2. Oil & Gas 10.2.4.3. Environment Protection and Monitoring 10.2.4.4. Oceanography 10.2.4.5. Archeology and Exploration 10.2.4.6. Search and Salvage Operations 10.2.5. By Country 10.2.5.1. Saudi Arabia 10.2.5.2. UAE 10.2.5.3. South Africa 10.2.5.4. Rest of Middle East & Africa 10.2.6. Price-Point Analysis 10.2.7. Manufacturer & Distributor List (Top 5) 10.2.8. Company Market Share (Top 3-5) 10.2.9. Economic Impact Study on Middle East & Africa Autonomous Underwater Vehicle Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Kongsberg Maritime 11.7.2. Teledyne Marine 11.7.3. Bluefin Robotics 11.7.4. ECA GROUP 11.7.5. Saab AB 11.7.6. Lockheed Martin Corporation 11.7.7. Fugro 11.7.8. ATLAS ELEKTRONIK GmbH 11.7.9. Boston Engineering Corporation 11.7.10. International Submarine Engineering 11.7.11. Graal Tech 11.7.12. BAE Systems 11.7.13. Boeing 11.7.14. L3Harris OceanServer 11.7.15. Hydromea SA 11.7.16. Other Prominent Players
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