Autonomous Underwater Vehicle Market 2023-2027
The autonomous underwater vehicle market is forecasted to grow by USD 1,985.04 mn during 2022-2027, accelerating at a CAGR of 16.85% during the forecast period. The report on the autonomous underwater vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investment in maritime surveillance capabilities, growing demand for oceanography research, and growing offshore oil and gas exploration projects.
Technavio's autonomous underwater vehicle market is segmented as below:
By Technology
- Communication
- Collision avoidance
- Navigation
- Propulsion
- Imaging
By Application
- Military and defense
- Oil and gas
- Environment protection and monitoring
- Oceanography
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increased emphasis on use of AI in autonomous underwater vehicles as one of the prime reasons driving the autonomous underwater vehicle market growth during the next few years. Also, increasing number of mergers and acquisitions and new product launches and facility expansion will lead to sizable demand in the market.
The report on the autonomous underwater vehicle market covers the following areas:
- Autonomous underwater vehicle market sizing
- Autonomous underwater vehicle market forecast
- Autonomous underwater vehicle market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading autonomous underwater vehicle market vendors that include BAE Systems Plc, Boston Engineering, ecoSUB Robotics Ltd., EdgeLab srl, Fugro NV, General Dynamics Corp., Graal Tech Srl, Groupe Gorge, Hydromea SA, IHI Corp., International Submarine Engineering Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Oceaneering International Inc., Saab AB, Teledyne Technologies Inc., The Boeing Co., and thyssenkrupp AG. Also, the autonomous underwater vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.