Autonomous Underwater Vehicle (AUV) Market

Autonomous Underwater Vehicle (AUV) Market Growth Factors

The uses of Autonomous underwater vehicles are numerous such as shipwrecks recovery, mapping rock formations, and other barriers to make navigation easier. Autonomous underwater vehicles are equipped with sensor technologies such as sonar system and oceanographic sensors, rendering high-quality data back to the user. An increasing number of research activities in the oil industry, gas industry, with the more government funding for under seawater monitoring to maintain aquatic life balance are the key drivers to the autonomous underwater vehicle market over the upcoming years.

autonomous underwater vehicle (auv) market

Autonomous Underwater Vehicle (AUV) Market size was estimated at $638 Million in 2021 and is expected to reach $2,395 Million by 2031, growing at a CAGR of 20.8% during the forecast period of 2022 to 2031.

In addition to the above factors, the rise in pisciculture also owes a significant market share as they provide a dependable medium for pisciculturists to check on the quality of water and monitor the aquatic animals. Oceanography also brings about a fair share of the market for an autonomous underwater vehicles. Mainly the range of uses of autonomous underwater vehicles includes communication, collision prevention, imaging, and navigation. Out of the pool os uses, collision prevention, communication, and imaging are expected to grow with the highest shares in the worldwide market, due to the rising realization of advantages of autonomous underwater vehicles over to conventional underwater vehicles. The share large players in the autonomous underwater vehicle segment are estimated to account for more than 30% revenue share in the global market by 2031 leading to more economic production and greater availability of the autonomous underwater vehicles.

On the other hand, the electromagnetic radiation waves used to communicate by autonomous underwater vehicles is absorbed by water leaving the transmission ineffective, which would lead to a decline in the demand of autonomous underwater vehicles.
Though, a boost in the navy funding for safety and security, increasing the number of oceanography, research and other projects as well as investments, could tackle the above threat to autonomous underwater vehicle market over the forthcoming years.

Autonomous Underwater Vehicle (AUV) Market Segmentation

Autonomous Underwater Vehicle (AUV) Market Country Analysis

During the forecast period (2022-2025), the global autonomous underwater vehicle (AUV) market is expected to reach $1.638 billion by 2025. Currently, the AUV market is valued at $638 million. North America holds the biggest share of this market due to the extensive usage of AUVs in the U.S.’s military & defense activities. Norway is promising to grow its share in this market at a rapid rate due to the increasing demand for advanced underwater systems in Asia-Pacific countries, especially China and India. Significant players in the AUV market include Teledyne Marine, ECA GROUP, Lockheed Martin Corporation, Boston Engineering Corporation, Kongsberg Maritime, Bluefin Robotics, and Hydromea SA.

Autonomous Underwater Vehicle (AUV) Market Share and Competition
Key companies operating in this industry are: Kongsberg Maritime (Norway), Teledyne Marine (US), Bluefin Robotics (US), ECA GROUP (France), Saab AB (Sweden), Lockheed Martin Corporation (US), Fugro (Netherlands), ATLAS ELEKTRONIK GmbH (Germany), Boston Engineering Corporation (US), International Submarine Engineering (Canada), Graal Tech (Italy), BAE Systems (UK), Boeing (US), L3Harris Ocean Server (US), and Hydromea SA (Switzerland).

Kraken Robotics, a leading manufacturer of autonomous vehicles and machines, has launched a new Autonomous Underwater Vehicle (AUV) ‘ThunderFish’ in November 2019. The new AUV had been under development since 2014 and now the company is introducing its new launch in the industry to commercialize it. “The vehicle offers a range of oceanographic and military capabilities, including underwater surveys, environmental monitoring, habitat mapping and marine archaeology.”, said the autonomous solutions provider, Kraken Robotics. Kraken Robotics has also announced several new contracts for sensors, batteries and sonar sensors on 16 March 2022. The company has introduced its new subsidiaries Sea-Power batteries, AquaPix MINSAS Sensors, SeaVision Laser scanning services and Kraken for offshore supports.

Two giant tech companies in AUV industry, Subsea Technology and Ocean Infinity, have launched a new company Armada on 5 February 2022. The newly introduced company is set to launch a fleet of 15 Autonomous Underwater Vehicles. The company is about to change the course of AUV industry throughout the globe. “We’ve been driven to innovate by a desire to further reduce our impact on the environment and the time people spend at sea. We have built an outstanding team who boast world-leading expertise to take this next stage of our business forward for the benefit of our clients and all those who work with us.”, a statement given by the CEO of Ocean Infinity, Oliver Plunkett.

Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Shallow AUVs (up to 100 meters)
• Medium AUVs (up to 1,000 meters)
• Large AUVs (more than 1,000 meters)
Technology Analysis (Revenue, USD Million, 2022 - 2031)
• Collision Avoidance
o Sonars
• Communication
o Acoustic Communication
o Satellite Communication
• Navigation
o Compass-based Navigation Solutions
o Inertial Navigation Systems
• Propulsion
o Fin Control Actuators
o Propulsion Motors
o Pump Motors
o Linear Electromechanical Actuators
o Battery Modules
• Imaging
o Side-scan sonar (SSS) Imagers
o Multibeam Echo Sounders (MBES)
o Sub-bottom Profilers (SBPS)
o LED Lighting
Payload Type Analysis (Revenue, USD Million, 2022 - 2031)
• Cameras
o High-Resolution Digital Still Cameras
o Dual-eye cameras
• Sensors
o Conductivity (Salinity), Temperature, and Depth (CTD) Sensors
o Biogeochemical Sensors
o Turbulence Probes
o Sensors for Oxygen, Nitrate, Chlorophyll, and Photosynthetically Active Radiation (PAR)
• Synthetic Aperture Sonars
• Echo Sounders
• Acoustic Doppler Current Profilers
• Others (Automatic Target Identification Systems, Warning Systems, Automatic Target Detection Systems, Stabilized Weapon Systems, and Ultra-short Baseline (USBL) Positioning Systems)
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Military & Defense
o Border Security and Surveillance
o Antisubmarine Warfare
o Monitoring Smuggling of Illegal Goods
o Environmental Assessment
o Mine Countermeasures
• Oil & Gas
o Pipeline Surveys
o Geophysical Surveys
o Debris/Clearance Surveys
o Baseline Environmental Assessments
• Environmental Protection & Monitoring
o Habitat Research
o Water Sampling
o Fishery Study
o Emergency Response
• Oceanography
• Archeology & Exploration
• Search & Salvage Operations
Shape Analysis (Revenue, USD Million, 2022 - 2031)
• Torpedo
• Laminar Flow Body
• Streamlined Rectangular Style
• Multi-hull Vehicle
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Autonomous Underwater Vehicle (AUV) Market Companies
• Kongsberg Maritime (Norway)
• Teledyne Marine (US)
• Bluefin Robotics (US)
• ECA GROUP (France)
• Saab AB (Sweden)
• Lockheed Martin Corporation (US)
• Fugro (Netherlands)
• ATLAS ELEKTRONIK GmbH (Germany)
• Boston Engineering Corporation (US)
• International Submarine Engineering (Canada)
• Graal Tech (Italy)
• BAE Systems (UK)
• Boeing (US)
• L3Harris Ocean Server (US)
• Hydromea SA (Switzerland)

Available Versions:-
United States Autonomous Underwater Vehicle (AUV) Industry Research Report
Europe Autonomous Underwater Vehicle (AUV) Industry Research Report
Asia Pacific Autonomous Underwater Vehicle (AUV) Industry Research Report

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