DUBLIN--(BUSINESS WIRE)--The "Autonomous Underwater Vehicle Market Share, Size, Trends, Industry Analysis Report By Technology; By Type; By Shape; By Payload; By Application; By Region; Segment Forecast, 2022-2029" report has been added to ResearchAndMarkets.com's offering.
The global autonomous underwater vehicle market size is expected to reach USD 4,613.6 million by 2029, according to the study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
AUVs are easy to build as they are cost-effective, which in turn is likely to pave the way for the AUV market demand in the near future. Owing to its cost-effectiveness, these are largely employed by several end-users for various purposes. Oceanography application allows the use of AUVs to accumulate and determine oceanographic research data related to marine life and ecosystems.
The archeological & exploration sector accounts for the largest share in the AUV industry. These AUVs allow the exploration of the underwater archaeological sites that helps in the extraction of minerals, further utilized in the manufacturing of smartphones, laptops, and other gadgets.
North America is expected to witness the largest share in the AUV market over the forecast period. The rising demand for AUVs in the U.S is expected to augment the industry growth owing to its wide application in marine projects such as inspection and identification; Intelligence, Surveillance and Reconnaissance (ISR), payload delivery, and oceanography.
The report has segmented the autonomous underwater vehicle market report on the basis of technology, type, shape, payload, application, and region.
Technology Outlook (Revenue, USD Million, 2017-2029)
- Collision Avoidance
- Navigation
- Communication
- Imagery
- Propulsion
Type Outlook (Revenue, USD Million, 2017-2029)
- Shallow AUV
- Medium AUV
- Large AUV
Shape Outlook (Revenue, USD Million, 2017-2029)
- Torpedo
- Laminar Flow Body
- Streamlined Rectangular style
- Multi-hull
Payload Outlook (Revenue, USD Million, 2017-2029)
- Sensors
- Cameras
- Synthetic Aperture Sonars
- Echo Sounders
- Acoustic Doppler Current Profilers
- Others
Application Outlook (Revenue, USD Million, 2017-2029)
- Army & Defense
- Petroleum & Gas
- Environmental Security & Tracking
- Oceanography
- Archeology & Exploration
- Search & Rescue Activities
Regional Outlook (Revenue, USD Million, 2017-2029)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Companies Mentioned
- Atlas Elektronik GmbH
- Bluefin Robotics
- Boing
- Boston Engineering Corporation
- ECA Group
- ecoSUB Robotics
- EELUME AS
- Falmouth Scientific
- Fugro
- Graal Tech
- Hydromea
- International Submarine Engineering (ISE) Ltd.
- Kongsberg Groups
- L3Harris Technologies
- Lockheed Martin Corporation
- Nido Robotics
- Oceanserver Technology
- Riptide Autonomous Solutions
- Saab Group
- Lockheed Martin Corporation
- Teledyne Technologies
- Terradepth
- Tianjin Sublue
For more information about this report visit https://www.researchandmarkets.com/r/dp89hz
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