Global Autonomous Marine Vehicles Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

26 Nov, 2021

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The autonomous marine vehicles market consists of sales of autonomous marine vehicles. Autonomous marine vehicles are robotic equipment that travel below or on the surface of water, without requiring input from a human operator. The autonomous marine vehicles market is segmented into autonomous surface vehicles (which travel on the surface of the water) and autonomous underwater vehicles (which travel below the surface of the water). Autonomous marine vehicles are used for various purposes such as recording oceanographic data, imaging, navigation, communication, collision avoidance and propulsion.

Global Autonomous Marine Vehicles Market Size And Drivers:

The global autonomous marine vehicles market is expected to grow from $3.18 billion in 2020 to $3.43 billion in 2021 at a compound annual growth rate (CAGR) of 7.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The autonomous marine vehicles market is expected to reach $5.10 billion in 2025 at a CAGR of 10.4%. The autonomous marine vehicles market is being driven by a rise in hydrographic, oceanographic and environmental surveys conducted globally.

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Trends In The Global Autonomous Marine Vehicles Market

Maritime drone swarming for better surveillance and investigation capabilities is an emerging trend in the autonomous marine vehicles market. Maritime drone swarms are a large group of underwater vehicles moving together for a particular purpose. The drone swarm has a wide range of capabilities in defense applications, since it is capable of performing surveillance and investigation tasks followed by defensive or offensive countermeasures. As the swarm works collectively to navigate through the underwater environment, it senses a wider area in a quick time by making use of a number of sensing techniques to build a comprehensive map of the environment. For instance, the European Union (EU) is currently funding a research project called Ocean2020 which will facilitate a combination of drones and unmanned submarines into swarms or fleet units. In another example, the US Navy's Undersea Warfare Center approved a grant of $78,000 for Aquabotix’s SwarmDiver technology to support the US Navy and allied vessels.

Global Autonomous Marine Vehicles Market Segments:
The global autonomous marine vehicles market is further segmented –
By Type: Surface Vehicle, Underwater Vehicle
By Application: Military & Defense, Archeological, Exploration, Oil & Gas, Environmental Protection And Monitoring, Search And Salvage Operations, Oceanography
By Technology: Imaging, Navigation, Communication, Collision Avoidance, Propulsion
By Geography: The global autonomous marine vehicles market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Autonomous Marine Vehicles Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides autonomous marine vehicles market overviews, analyzes and forecasts market size and growth for the global autonomous marine vehicles market, autonomous marine vehicles market share, autonomous marine vehicles market players, autonomous marine vehicles market segments and geographies, autonomous marine vehicles market’s leading competitors’ revenues, profiles and market shares. The autonomous marine vehicles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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