Global Automatic Underwater Vehicle (AUV) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automatic Underwater Vehicle (AUV) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An Automatic Underwater Vehicle (AUV) is an unmanned underwater robot that is capable of independently completing a pre-programmed mission.

An AUV can work in tandem with other robotic systems to complete oceanographic research missions and provides excellent seafloor mapping and seawater characterization. AUVs can travel without operator input once they are programed at the surface. They can collect a large amount of visual data through photo stitching, as well as seawater data.

Market Overview:

The latest research study on the global Automatic Underwater Vehicle (AUV) market finds that the global Automatic Underwater Vehicle (AUV) market reached a value of USD 473.53 million in 2022. It’s expected that the market will achieve USD 817.16 million by 2028, exhibiting a CAGR of 9.52% during the forecast period.

Drivers

Automatic Underwater Vehicle (AUV) is a mission controller that integrates artificial intelligence and other advanced computing technologies. Driven by artificial intelligence (AI), detection and identification, intelligent control, system integration and other technologies, AUV has the ability of independent decision-making and control, can efficiently perform all kinds of underwater tasks, and has become an important equipment for the competitive development of the world's maritime powers.
AUV is usually used as a survey platform to map the seabed or characterize the physical, chemical or biological properties of water. AUV can travel underwater, and can be equipped with various payloads, such as cameras, sonar, bottom profiler, multi-beam echo sounder, etc. The combination of the versatility of the AUV configuration and the ability of the underwater vehicle to perform independent movements makes the AUV a powerful instrument in any underwater measurement or inspection work. In addition to its wide application in the oil and gas industry, AUV is also used in military and defense, oceanography, environmental protection and monitoring, exploration industries. In the future, AUV will play an important role in the fields of marine safety maintenance, marine resources development, marine scientific research and so on.

Region Overview:

From 2022-2027, USA is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Kongsberg Maritime, Teledyne Benthos, Lockheed Martin Corporation, with the revenue market share of 14.56%, 9.27% and 9.20% in 2021.

Kongsberg Maritime supplies products and systems for advanced mapping and surveying, sonars, underwater communication, marine robotics (Unmanned Surface Vessels and Autonomous Underwater Vehicles), and deliver deck machinery, propulsion, electrical, automation and control solutions.

Teledyne Benthos designs and manufactures rugged and reliable oceanographic instrumentation and sensor solutions for marine environments. Teledyne Benthos product lines include: acoustic communications, acoustic recovery and acoustic positioning technology.

Segmentation Overview:

Among different product types, Medium AUVs segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Military segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Automatic Underwater Vehicle (AUV) market covered in Chapter 3:

International Submarine Engineering Ltd.
Boeing
RTSYS
Kongsberg Maritime
L3Harris Technologies
Ocean Aero Inc.
Teledyne Benthos
General Dynamics
Lockheed Martin Corporation
Saab Seaeye Limited
ECA Group
ATLAS ELEKTRONIK GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Automatic Underwater Vehicle (AUV) market from 2018 to 2029 is primarily split into:

Shallow AUVs (Depth up to 100 meters)
Medium AUVs (Depth up to 1,000 meters)
Large AUVs (Depth more than 1,000 meters)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automatic Underwater Vehicle (AUV) market from 2018 to 2029 covers:

Oil & Gas
Military
Scientific Research
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)