Growing Inclination of Autonomous Underwater Vehicles: Global Markets to 2022

Press Release – 08 Jan 2019

Research and Development News --

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Latest Update "Autonomous Underwater Vehicles: Global Markets to 2022" with Industries Survey | Global Current Growth and Future.

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“Report Highlights”
The global market for autonomous underwater vehicles (AUVs) reached $671.5 million in 2017. The market should reach $835.0 million by 2022, growing at a compound annual growth rate (CAGR) of 4.5% from 2017 to 2022.

Report Includes:

- 67 data tables and 37 additional tables

- An overview of the global markets and technologies for autonomous underwater vehicles (AUVs)

- Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022

- Specific information on the major types of AUV architecture, features, and technology

- Segmentation of the market based on technology type, end user, application, and geography

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- A detailed patent analysis, especially pertaining to new developments

- Coverage of the purchasing trends, acceptance of new technologies, product shortcomings, unmet needs, and other information regarding market dynamics

- Company profiles of major players in the industry, including Klein Marine Systems, Inc., National Oceanography Centre, Phoenix International Holdings Inc., iXBlue and International Submarine Engineering Ltd.

“Report Scope”

This report encompasses the current status and future prospects of the four types of AUVs: portable, lightweight, heavyweight and large vehicles. It looks at six application segments: search and salvage; inspection, maintenance, repair of offshore oil and gas pipelines; military and defense; hydrographic surveys; scientific research; and deep-sea mining. It covers four regions: North America, Europe, Asia-Pacific and rest of world (ROW).

The report identifies and evaluates those AUV markets with high growth potential. It also quantifies the important market developments for the sensors used in AUVs.

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The report also covers the many issues concerning the future prospects for the AUV technologies business, and covers in detail the corporate strategies and key economic and technological issues.

For many of the main players in the AUV market, their competitive position is practically guaranteed due to protected and patented technologies used by OEMs. The companies that sell AUVs on the international market include Kongsberg Maritime, Hydroid (now a wholly owned subsidiary of Kongsberg Maritime), Bluefin Robotics (now a subsidiary of General Dynamics Mission Systems), Teledyne Gavia (previously known as Hafmynd), International Submarine Engineering (ISE) Ltd., Atlas Elektronik and OceanScan.

Manufacturers of AUVs for each sector must adhere to standards conforming to each targeted user country and follow statutory and mandatory guidelines for acceptance. The U.S., Europe and Japan have stringent standards concerning AUVs in targeted applications.

Estimated values used are based on manufacturers' total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

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