Global Autonomous Underwater Vehicles Market (2021-2026) by Type, Technology, Payload Type, Application, Shape and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Autonomous Underwater Vehicles Market is estimated to be USD 1.57 Bn in 2021 and is expected to reach USD 3.71 Bn by 2026, growing at a CAGR of 18.75%.

Market Dynamics

The Global Autonomous Underwater Vehicles Market is expected to increase due to the high acceptance of AUVs for surveillance, ocean floor mapping, and inspection. Autonomous underwater vehicles can also be helpful to track illegal human and drug trafficking along with goods and materials smuggling. Moreover, these vehicles can also be used to investigate air crashes and ship wreckage. Factors such as rising demand in the defense sector, increasing use of AUVs for deep-sea field development and seabed mapping, increasing use in intelligence, surveillance, and coastal protection, and raising capital expenditure in the offshore industry are some of the driving factors of the market.

However, lack of high-level security and high cost of maintenance are some of the factors that may hinder the market growth.

Market Segmentation

The Global Autonomous Underwater Vehicles Market is segmented further by Type, Technology, Payload Type, Application, Shape & Geography.

By Type, the Global Autonomous Underwater Vehicles Market is classified into Shallow, Medium, and Large AUVs.

By Technology, the Global Autonomous Underwater Vehicles Market is classified into Collision Avoidance, Communication, Navigation, Propulsion, and Imaging.

By Payload Type, the Global Autonomous Underwater Vehicles Market is classified into Cameras, Sensors, Synthetic Aperture Sonars, Echo Sounders, Acoustic Doppler current profiles, and automatic target identification Systems, Warning Systems, Automatic Target Detection Systems, Stabilized Weapon Systems, and Ultra-Short Baseline (USBL) Positioning Systems.

By Application, the Global Autonomous Underwater Vehicles Market is classified into Military Device, Oil & Gas, Environmental Protection Monitoring, Oceanography, Archaeology & Exploration, and Search & Salvage Operations.

By Shape, the Global Autonomous Underwater Vehicles Market is classified into Torpedo, Laminar Body Flow, Streamline Rectangular Style, and Multi-Hull Vehicle.

By Geography, North America is projected to lead the market.

Recent Developments

1. Teledyne Marine Announces Sale of Two SeaRaptor 6,000m AUVs to Argeo - May 27, 2021
2. German Government Funds Autonomous Subsea Robotics System Development Project. - May 3, 2021

Company Profiles

Some of the companies covered in this report are Kongsberg Maritime, Teledyne Marine, Bluefin Robotics, ECA Group, Lockheed Martin Corporation, Atlas Elektronik GmbH, Boston Engineering Corporation, Boeing Company, L3 Harris Technologies Inc., RTSYS, etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Autonomous Underwater Vehicles Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market