Global Autonomous Underwater Vehicle (AUV) Market Outlook to 2028

Global Autonomous Underwater Vehicle (AUV) Market Outlook to 2028

The rising deep-water oil & gas exploration activities coupled with growing demand from the defense sector, increasing adoption of advanced underwater systems, and low operational cost are some the significant factors driving the growth of the global autonomous underwater market.

Autonomous underwater vehicles are specially designed unmanned vehicles, robotic, and used for various exploration and research work under the sea. They are widely used in pipeline inspections, platform inspections, and bathymetric surveys to search and rescue operations. These are cost-effective for deep-water drilling applications as they eliminate the requirement of surface vessels.

The outbreak of Covid-19 has adversely affected the oil and gas exploration activities due to nationwide lockdown and oil and gas demand disruption due to restricted movement, which in turn affected the global autonomous underwater vehicle market.

North America accounted for the largest market share owing to increasing development activities undertaken by naval forces such as the US for strengthening the navy and rising deep-water operation in the Gulf of Mexico region will spur the market growth.

The Asia Pacific is anticipated to drive the market growth in the forecasting period. Countries like India and China will witness high growth due to its implementation in oil & gas drilling operations and pipeline infrastructure development.

Blackridge's Report provides insights into the current global and regional market demand scenario and its outlook. The study offers a detailed analysis of various factors instrumental in affecting the global autonomous underwater growth.

The Report will also provide a perspective on various market opportunities and threats and a detailed analysis of the global autonomous underwater market's competitive landscape.
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