Global Autonomous Underwater Vehicles Market Segments 2024, Forecast To 2033
5 Mar, 2024
The autonomous underwater vehicles market has experienced exponential growth, expanding from $2.04 billion in 2023 to $2.46 billion in 2024, with a compound annual growth rate (CAGR) of 20.8%. This surge is attributed to the increasing need for ocean exploration, defense applications, underwater surveys, climate change awareness, advancements in energy exploration, efficient data collection, and cost-effective underwater exploration. Anticipating rapid growth, the market is projected to reach $5.01 billion in 2028, maintaining a CAGR of 19.4%. Growth drivers include rising demand for underwater monitoring, climate change impact assessment, deep-sea mining exploration, fisheries applications, autonomous navigation capabilities, and enhanced autonomous decision-making. Key trends encompass AI integration, miniaturization, technological advancements, increased investment, technological miniaturization, and advancements in battery technology.
Global Autonomous Underwater Vehicles Market Key Driver
The autonomous underwater vehicles market is propelled by increased ocean research and rising defense expenditures globally. European defense spending reached €214 billion in 2021, with a 42% increase in defense research and technology (R&T) spending, contributing to the growth of autonomous underwater vehicles.
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The autonomous underwater vehicles market covered in this report is segmented –
1) By Type: Shallow, Medium, Large
2) By Payload Type: Cameras, Sensors, Synthetic Aperture Sonar, Echo Sounders, Acoustic Doppler Current Profilers
3) By Technology: Collision Avoidance, Communication, Imaging, Navigation, Propulsion,
4) By Application: Archeological and Exploration, Environmental Protection and Monitoring, Military and Defense, Oceanography, Offshore Renewable Energy, Oil and Gas, Search and Salvage Operation
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the autonomous underwater vehicles market in 2023. The regions covered in the autonomous underwater vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Autonomous Underwater Vehicles Industry Players
Fugro N.V.; Kongsberg Gruppen A.S.A; Boston Engineering Corporation; The Swedish Aeroplane Corporation; Teledyne Technologies Inc; The Boeing Company; Atlas Elektronik Gmbh; Riptide Autonomous Solutions; Tianjin Sublue Ocean Science & Technology Co. Ltd; Falmouth Scientific Inc.; Terradepth; ecoSUB Robotics Limited; Eelume AS; BaltRobotics Sp.z.o.o.; Hydromea SA; Bluefin Robotics Corporation; Chesapeake Technology Inc; Exocetus Development LLC; OceanServer Technology Inc.; Phoenix International Holdings Inc.; Teledyne Technologies Inc.; Thales Underwater Systems; ECA Group; Hydroid Robotics Inc.; OceanServer Inc.; Mitsubishi Electric Corporation; Yaskawa Electric Corporation; Toshiba Corporation; Kawasaki Heavy Industries Ltd.; Nippon Calculating Instruments Co. Ltd.
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AIOps Autonomous Underwater Vehicles Market Overview
Autonomous underwater vehicles (AUVs) are unmanned, untethered, non-human powered, or self-propelled underwater vehicles used to carry out routine tasks with little to no human oversight. These tasks include gathering a lot of visual seawater data, remote navigation, detection, and mapping for a variety of marine-based applications, and oceanographic research.
Autonomous Underwater Vehicles Global Market Report 2023 provides data on the global autonomous underwater vehicles market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The autonomous underwater vehicles market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.