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The report on the autonomous underwater vehicles (AUV) market segments the market by type, technology, application, and geography. Depending on the depth, the market for AUVs based on type is segmented into shallow AUVs (depth up to 100 meters), medium AUVs (depth up to 1,000 meters), and large AUVs (depth above 1,000 meters). The AUV market is segmented on the basis of technology, namely, collision avoidance, communication, navigation, propulsion, and imaging. Depending on the adoption of AUVs for various applications, the AUV market is segmented on the basis of applications, namely, military & defense, oil & gas, environmental protection and monitoring, oceanography, archaeology and exploration, and search and salvage operation. Lastly, the global autonomous underwater vehicles (AUV) market is segmented into four regions, namely, North America, Europe, APAC, and RoW.
Complete report on autonomous underwater vehicles (AUV) market spread across 152 pages, profiling 71 companies and supported with 59 tables and 103 figures is now available at http://www.rnrmarketresearch.com/autonomous-underwater-vehicles-auv-market-by-type-shallow-medium-large-application-commercial-scientific-research-defense-geography-north-america-europe-apac-row-analysis-forecast-to-2020-market-report.html .
The said market is expected to grow from USD 211.8 million in 2016 to USD 497.9 million by 2022, at a CAGR of 15.31% during the forecast period. The high demand for autonomous underwater vehicle worldwide by the countries for monitoring their sea borders and by the oil & gas industries is a key factor responsible for the growth of the autonomous underwater vehicles (AUV) market. However, stringent government regulations on using AUVs in the countries such as United States is a key factor that is restraining the growth of the autonomous underwater vehicles market.
The market for the search and salvage operations application is expected to grow at the highest rate among all the applications. Incidences such as Malaysia Airlines flight MH-370 crash have been a vital factor for driving the growth of the autonomous underwater vehicles (AUV) market for search and salvage operations. AUVs are expected to be adopted as an important tool for carrying out search and salvage operations in cases such as airplane crash in oceans, crash of warships, and breakdown of other commercial water vehicles.
Imaging systems on AUVs are capable of capturing the pictures of the sea bed and the surrounding habitat which help the researchers in their oceanography or habitat research studies. Along with this, the growing awareness about the ability of the imaging systems to provide the exact information such as color and size of the objects present within the area under survey is one of the key factors which propel the growth of the imaging system market.
Major players in the AUV market are Kongsberg Maritime AS (Norway), Teledyne Gavia ehf. (Iceland), Blue fin Robotics Corporation (U.S.), ECA Group (France), SaaBGroup (Sweden), Fugro N.V. (Netherlands), Atlas Elektronik Group GmbH (Germany), OceanServer Technology, Inc. (U.S.), Boston Engineering Corporation (U.S.), and International Submarine Engineering Ltd. (Canada). A corporate level discount can be requested on this report at http://www.rnrmarketresearch.com/contacts/discount?rname=410952 .
Breakdown of profile of primary participants:
By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
By Designation: C-level Executives - 35%, Directors - 25%, and Others - 40%
By Region: North America - 45%, Europe - 20%, APAC - 30%, and RoW - 5%
The North American market is expected to hold the largest share in 2016, where the AUVs and its related products such as launch and recovery surface platforms are gaining momentum from various applications such as military & defense, oil & gas, environment protection and monitoring, oceanography, archeology and exploration, and search and salvage operation. The market in the APAC region is expected to grow at the highest rate. In the APAC region, especially in India, the plans to boost manufacturing under the project “Make in India” is one of the key driving factors for the AUV market in APAC.
On a related note, another research on Unmanned Underwater Vehicles (UUV) Market Global Forecasts to 2020 says, Commercial segment to witness higher growth during the forecast period in remotely operated vehicle (ROV) market. The North American region dominates the global remotely operated vehicle (ROV) & autonomous underwater vehicle (AUV) market in 2015. The global market is expected to grow from an estimated USD 2.29 billion in 2015 to USD 4.00 billion by 2020, at a CAGR of 11.90% from 2015 to 2020. Companies like Teledyne Technologies (U.S.), Subsea 7 (U.K.), Kongsberg Maritime (Norway), Oceaneering International Inc. (U.S.) have been profiled in this 272 pages research report available at http://www.rnrmarketresearch.com/unmanned-underwater-vehicles-market-by-product-rov-remotely-operated-vehicles-and-auv-autonomous-underwater-vehicles-application-defense-oil-and-gas-scientific-research-by-geography-nort-market-report.html .
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