Autonomous Underwater Vehicle Market Expected To Hit US Dollar

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Autonomous Underwater Vehicle Market 2022

Autonomous Underwater Vehicle Market 2022

Growth of traditional marine industry to drive autonomous underwater vehicle market, global market value to see more than 6% CAGR during 2018-2027. The global autonomous underwater vehicle market is expected to reach US$596.7 million by the end of forecast period, 2018-2027, registering a CAGR of 6.1%.

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Persistence Market Research’s new market research report titled “Autonomous Underwater Vehicles Market: Global Industry Analysis 2013-2017 and Forecast, 2018-2027” sheds light on the Autonomous Underwater Vehicles Market (AUV) and offers an in-depth analysis for the next 9 years. years.

Aquaculture and marine applications deploy maximum autonomous underwater vehicles

Autonomous underwater vehicles are typically used in aquaculture systems for a variety of underwater tasks such as tank water monitoring in fish farming. Aquaculture production has increased rapidly, making fish farming one of the fastest growing industrial sectors in the world. This has contributed significantly to the growth of the global autonomous underwater vehicle market.

In addition, autonomous underwater vehicles are also used for seawater quality monitoring to maintain seawater quality. For this, government agencies such as the United States Environmental Protection Agency (EPA) have put in place regulations on the use of seawater quality, which in turn are expected to meet the demand for autonomous underwater vehicles during the forecast period.

Many, if not all, ocean or maritime industries depend on autonomous underwater vehicles for the establishment or expansion of the respective industry. Maritime industries are expected to experience significant growth over the next decade, due to global economic development and increasing demand.

Sectors such as maritime transport, shipbuilding, coastal aquaculture, fisheries, offshore oil and gas, offshore wind, maritime tourism, tidal and wave energy are expected to experience robust growth over the next the projected period, which in turn is expected to drive the demand for autonomous underwater vehicles in the coming years.

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Strong resurgence in the oil and gas industry to benefit the autonomous underwater vehicle market

The increase in offshore oil and gas exploration activities is expected to create a strong demand for autonomous underwater vehicles. Autonomous underwater vehicles play an important role in offshore oil and gas exploration activities, as they provide assistance in surveying, dredging, installation and maintenance. With more than half of the offshore oil and gas potential yet to be explored and growing investments in the industry, the autonomous underwater vehicle market is expected to see significant demand in the coming years.

Autonomous underwater vehicles are deployed for a limited number of operations, due to technological uncertainties and the attendant risks, as water rapidly absorbs electromagnetic radiation waves, rendering communication systems ineffective and ineffective. Additionally, aquatic environments also create challenges for autonomous underwater vehicles. These factors collectively affect the overall sales of autonomous underwater vehicles.

The growing number of research studies relating to ocean exploration and sampling along with the substantial growth of the oil and gas industry and scientific research organizations are expected to create a significant opportunity for autonomous underwater vehicles. during the forecast period.

Autonomous Underwater Vehicles Market: Key Companies

Some of the major players involved in the autonomous underwater vehicle market included in this study are General Dynamics Corp., Teledyne Gavia ehf, Kongsberg Maritime AS, Saab AB, Atlas Elektronik GMBH, ECA Robotics SAS, Fugro NV, L3 OceanServer, Hydromea SA, and International Submarine Engineering Ltd.

Regional Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina etc.)
Middle East and Africa (Saudi Arabia, South Africa, etc.)

Main stakeholders

Autonomous Underwater Vehicle Market Manufacturers
Distributors/Traders/Wholesalers of Autonomous Underwater Vehicle Market
Autonomous Underwater Vehicles Market Subcomponent Manufacturers
industry association
Downstream Suppliers

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Answers to key questions in this report.

What will be the growth rate of the market in the future?
What are the key factors driving the global market?
Who are the major manufacturers in the Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by industry regions?

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