Autonomous Underwater Vehicle Market Size, Share, Industry Growth & Trends by 2028

The global autonomous underwater vehicles (AUVs) market size was valued at USD 1.16 billion in 2020. The market is forecast to rise from USD 1.33 billion in 2021 to USD 4.17 billion by 2028 at 17.80% CAGR during the 2021-2028 period. Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, "Autonomous Underwater Vehicles (AUVs) Market, 2021-2028."

According to an analysis, demand for unmanned submersible vehicles will be pronounced due to rising demand from military and commercial sectors. The technology has become sought-after to boost border patrolling, oil & gas, and scientific approach portfolios. Prominently, the use of the vehicle for sea mapping and seafloor imaging will pick pace over the next few years.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/autonomous-underwater-vehicle-market-105907

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
Fugro N.V. (Netherlands)
General Dynamics Corporation (U.S.)
International Submarine Engineering Ltd. (Canada)
Kongsberg Gruppen A.S.A. (Norway)
L3Harris Technologies, Inc. (U.S.)
Lockheed Martin Corporation (U.S.)
Oceaneering International Inc. (U.S.)
SAAB AB (Sweden)
Teledyne Technologies Inc. (U.S.)
Boeing (U.S.)
Others

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
The report includes quantitative and qualitative analysis to provide a holistic view of the global market. The report also deep-dives into top-down and bottom-up approaches to provide a strategic approach on product mapping of leading players and new entrants. Primary sources, such as interviews with major stakeholders and opinion leaders, will further validate report's authenticity. The report includes secondary sources, including annual reports, press releases, SEC filings, and website reports to bolster the authenticity of the report.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬
Type, Application, Propulsion System, Payload, and Region are Studied
Based on type, the market is segregated into large, medium, and small.

In terms of application, the market is segmented into defense, scientific research, and oil & gas industry.

On the basis of propulsion system, the market is fragmented into mechanical system, electric system, and hybrid system.

With respect to payload, the market is segmented into inertial navigation system, sensors, camera, and others.

In terms of geography, the market is segmented into North America, Asia Pacific, Europe, the Middle East, Latin America, and Africa.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐁𝐮𝐥𝐥𝐢𝐬𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐫𝐨𝐦 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐭𝐨 𝐄𝐧𝐜𝐨𝐮𝐫𝐚𝐠𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧
Industry participants expect bullish governments' policies to foster the autonomous underwater vehicles (AUVs) market growth. The U.S. Navy has exhibited profound traction for AUVs for a host of applications, including intelligence, surveillance & reconnaissance (ISR), mine countermeasures (MCM), anti-submarine warfare (ASW), and inspection/identification (ID). To illustrate, in 2020, the U.S. Naval Sea Systems Command Washington inked around USD 11.1 million contract with Boeing to upgrade naval operations. Besides, the use of autonomous underwater vehicles in ocean exploration activities will augur well for the industry outlook. The IEA projects the demand for natural gas to surge at 1.5% by 2025. A notable rise in oil & gas production across Saudi Arabia, Iran, and Russia will encourage leading companies to invest in AUVs.
Meanwhile, uncertainty and reduced reliability in operational performance in communication systems may not bode well for the industry.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/autonomous-underwater-vehicle-market-105907

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐖𝐢𝐭𝐧𝐞𝐬𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐆𝐚𝐥𝐨𝐫𝐞 𝐟𝐫𝐨𝐦 𝐎𝐢𝐥 & 𝐆𝐚𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
Stakeholders expect the Asia Pacific autonomous underwater vehicles (AUVs) market share to witness significant growth on the back of expanding commercial applications. Emerging economies, such as China and India, are likely to bank on the oil & gas sector. An uptick in exploration activities will expedite the technology adoption. Besides, the expansion of naval forces across Japan, China, Australia, and India will bode well for regional growth.
The North America industry forecast will be strong in the wake of strong governments' policies on defense and R&D activities. Prominently, the U.S. has augmented the procurement of sophisticated AUVs for ISR operations. The North America market size was valued at around USD 0.39 billion in 2020 and will grow with surging investments in the defense budget.

Industry players are likely to increase their investments in Europe due to rising oil & gas exploration activities. Stakeholders predict the U.K., France, and Germany to provide lucrative investment opportunities. Besides, major OEMs, including Saab AB and Kongsberg Gruppen A.S.A. are slated to bolster their presence across untapped areas. Moreover, the defense sector will also exhibit strong demand for AUVs across the region.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐈𝐧𝐟𝐮𝐬𝐞 𝐅𝐮𝐧𝐝𝐬 𝐢𝐧𝐭𝐨 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐭𝐨 𝐓𝐚𝐩 𝐌𝐚𝐫𝐤𝐞𝐭𝐬
Industry players are likely to expand their portfolios, including mergers & acquisitions, product rollouts, R&D activities, and technological advancements. The prevailing trends indicate major companies could invest in strategic expansion during the forecast period.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟏 - Kongsberg Maritime was awarded a contract to deliver its four autonomous vessels to Norway's Institute of Marine Research (IMR), which includes two Kongsberg AUVs to facilitate management and monitoring capabilities of marine resources and environments.

𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟏 - L3Harris Technologies demonstrated underwater autonomous capabilities through Iver3, its advanced Autonomous Underwater Vehicles, in collaboration with Marine Tech Systems.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/autonomous-underwater-vehicle-market-105907

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/autonomous-aircraft-market-103266

𝐏𝐮𝐬𝐡-𝐭𝐨-𝐓𝐚𝐥𝐤 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/push-to-talk-market-100079

𝐔.𝐒. 𝐑𝐞𝐮𝐬𝐚𝐛𝐥𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/us-reusable-launch-vehicle-market-102005

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