Autonomous Underwater Vehicle (AUV) Market Size was valued at USD 1.50 billion in 2022, and is expected to reach USD 9.07 billion by 2030, and grow at a CAGR of 25.2% over the forecast period 2023-2030.
An Autonomous Underwater Vehicle (AUV) is an unmanned underwater vehicle that operates automatically and is operated by broadcast systems, such as hybrid, mechanical, and electric. It can be applied for commercial and military applications, such as intelligence operations, ISR surveillance, border defense surveillance, scientific research, and the oil and gas industry. It has become an ideal system for creating ocean maps and underwater images for large data collection. Extensive hydrographic work is performed by underwater vehicles in various countries, due to the high cost of technology, high accuracy, high maritime power, and a wide range of data collection sensors.
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Nowadays, there is a growing need for deep ocean exploration in oceanography, which is driving the growing market for autonomous underwater vehicles. The increasing commercial use of such vehicles by maritime scientists and experts around the world is encouraging market growth.
KEY DRIVERS:
A greater emphasis is being placed on the usage of renewable energy sources.
Companies in the offshore oil and gas business are increasing their capital spending.
Defense spending is increasing in a number of countries throughout the world.
RESTRAINTS:
AUVs have high operating expenses.
OPPORTUNITIES:
The anticipated expansion of the Internet via 5G is fueling demand for underwater cables.
AUV development and integration of innovative technologies.
CHALLENGES:
Natural ocean risks and severe maritime weather provide operational challenges.
Due to the usage of acoustic transmission, underwater survey pace is becoming slow.
The impact of COVID-19 on the AUV market and consumer demand is not yet clear. However, it is estimated that the production of AUVs will be temporarily reduced as the AUV's oil and gas industry is facing a severe shortage of oil and gas demand. This shortage of oil and gas demand is a result of travel restrictions imposed on many countries, such as Albania, Armenia, Australia, Azerbaijan, Bosnia and Hercegovina, Brunei Darussalam, Canada, Japan, Jordan, New Zealand, Qatar, the Republic of Moldova, Saudi Arabia, Serbia, Singapore, South Korea, Ukraine and China, to contain the spread of the virus. However, demand in the military sector is growing as more countries such as US China and India increase their defense budget by 2021. In the case of military and defense applications, the impact of this epidemic is devastating. This is due to the ongoing need, protected by government spending and a supply chain that is less susceptible to disruption (as countries rely heavily on domestic producers for protection).
Based on Payload Type, the Autonomous Underwater Vehicle (AUV) Market is subdivided into Cameras, Synthetic Aperture Sonar, Acoustic Doppler Current Profilers, Sensors, Echo Sounders and Others. The large market size of the sensor part can be attributed to its advantages as it is widely used in AUV scans, detection, mapping, and remote sensing applications. The AUVs are used to map underwater and to find objects of interest in antisubmarine warfare (ASW) and pipeline inspection. Sensors are also used to identify the location of metals in the ocean floor, to examine substrates, and to identify and isolate various types of chemicals in seawater.
Based on Shape, the Autonomous Underwater Vehicle (AUV) Market is subdivided into Torpedo, Streamlined Rectangular Style, Laminar Flow Body and Multi-hull Vehicle. Torpedo AUVs are expected to face the highest growth of the Autonomous underwater vehicle (AUV) total market by 2030. Torpedo AUVs are widely accepted around the world for their hydrodynamic shape, resulting in slower drag, greater speed, and improved efficiency. They have a high-quality boat that makes them suitable for use in deep water without compromising their speed.
BY TYPE
Shallow AUVs (up to 100 m)
Medium AUVs (up to 1,000m)
Large AUVs (>1,000m)
BY PAYLOAD TYPE
Cameras
Synthetic Aperture Sonar
Acoustic Doppler Current Profilers
Sensors
Echo Sounders
Others
BY SHAPE
Torpedo
Streamlined Rectangular Style
Laminar Flow Body
Multi-hull Vehicle
BY TECHNOLOGY
Navigation
Imaging
Communication
Propulsion
BY APPLICATION
Military & Defense
Environment Protection & Monitoring
Archeology & Exploration
Oil & Gas
Oceanography
Search & Salvage Operations
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The Autonomous underwater vehicle (AUV) market at APAC is divided into China, Japan and India, the fastest growing AUV market. Factors such as the increase in military spending, the growing demand for emerging economic power, and the increase in the adoption of AUVs in various application areas drive the growth of the AUV market. Demand for AUV mining exploration and oceanographic studies has grown significantly over the past few years. In addition, the growing military capabilities of developing countries such as India and South Korea are expected to increase the need for AUVs in the APAC.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the Autonomous Underwater Vehicle (AUV) Market are Bae Systems, Boeing, Eca Group, Graal Tech, ECA GROUP, Atlas Elektronik, Bluefin Robotics, Boston Engineering Corporation, Fugro, Hydromea, International Submarine Engineering & Other Players.
Boeing, Eca Group-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.50 Bn |
| Market Size by 2030 | US$ 9.07 Bn |
| CAGR | CAGR of 25.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Shallow AUVS(Up To 100 M), Medium AUVS(Up To 1,000m), Large AUVS(>1,000m)) • By Payload Type (Cameras, Synthetic Aperture Sonar, Acoustic Doppler Current Profilers, Sensors, Echo Sounders, Others) • By Shape (Torpedo, Streamlined Rectangular Style, Laminar Flow Body, Multi-Hull Vehicle) • By Technology (Collision, Avoidance, Navigation, Imaging, Communication, Propulsion) • By Industries (Military & Defense, Environment Protection & Monitoring, Archeology & Exploration, Oil & Gas, Oceanography, Search & Salvage Operations) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Systems, Boeing, Eca Group, Graal Tech, ECA GROUP, Atlas Elektronik, Bluefin Robotics, Boston Engineering Corporation, Fugro, Hydromea and International Submarine Engineering |
| Key Drivers | • A greater emphasis is being placed on the usage of renewable energy sources. • Companies in the offshore oil and gas business are increasing their capital spending. • Defense spending is increasing in a number of countries throughout the world. |
| Restraints | • AUVs have high operating expenses. |
The market value will be expected to reach USD 9.07 billion by 2030, and grow at a CAGR of 25.2% over the forecast period 2023-2030.
A greater emphasis is being placed on the usage of renewable energy sources, Companies in the offshore oil and gas business are increasing their capital spending, and Defense spending is increasing in a number of countries throughout the world.
The key players in the Autonomous Underwater Vehicle (AUV) Market are Bae Systems, Boeing, Eca Group, Graal Tech, ECA GROUP, Atlas Elektronik, Bluefin Robotics, Boston Engineering Corporation, Fugro, Hydromea and International Submarine Engineering.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Autonomous Underwater Vehicle (AUV) Segmentation, by type
8.1Introduction
8.2 Shallow AUVs (up to 100 m)
8.3 Medium AUVs (up to 1,000m)
8.4 Large AUVs (>1,000m)
9. Autonomous Underwater Vehicle (AUV) Segmentation, by payload type
9.1 Introduction
9.2 Cameras
9.3 Synthetic Aperture Sonar
9.4 Acoustic Doppler Current Profilers
9.5 Sensors
9.6 Echo Sounders
9.7 Others
10. Autonomous Underwater Vehicle (AUV) Segmentation, by shape
10.1 Introduction
10.2 Torpedo
10.3 Streamlined Rectangular Style
10.4 Laminar Flow Body
10.5 Multi-hull Vehicle
11. Autonomous Underwater Vehicle (AUV) Segmentation, by technology
11.1 Introduction
11.2 Collision Avoidance
11.3 Navigation
11.4 Imaging
11.5 Communication
11.6 Propulsion
12. Autonomous Underwater Vehicle (AUV) Segmentation, by application
12.1 Introduction
12.2 Military & Defense
12.3 Environment Protection & Monitoring
12.4 Archeology & Exploration
12.5 Oil & Gas
12.6 Oceanography
12.7 Search & Salvage Operations
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14.Company Profiles
14.1 Atlas Elektronik
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Bae Systems
14.3 Boeing
14.4 Eca Group
14.5 Graal Tech
14.6 ECA GROUP
14.7 Bluefin Robotics
14.8 Boston Engineering Corporation
14.9 Fugro
14.10 Hydromea
14.11 International Submarine Engineering
15.Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
16.Conclusion
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