WESTFORD, Mass., July 11, 2024 -- According to SkyQuest, the global Autonomous Underwater Vehicles (AUV) Market size was valued at USD 1.57 billion in 2022 and is poised to grow from USD 1.85 billion in 2023 to USD 6.84 billion by 2031, growing at a CAGR of 17.80% in the forecast period (2024-2031).
Underwater vehicles capable of operating on their own using advanced technologies and sensors are known as autonomous underwater vehicles (AUVs). Complete autonomous operation and low costs of purchase of AUVs are factors that drive the preference for AUVs over ROVs (remote operated vehicles). The global autonomous underwater vehicle market is segmented into technology, type, shape, payload type, shape, payload type, application, and region.
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Autonomous Underwater Vehicles (AUV) Market Overview:
Report Coverage | Details |
Market Revenue in 2023 | $1.85 Billion |
Estimated Value by 2031 | $6.84 Billion |
Growth Rate | Poised to grow at a CAGR of 17.80% |
Forecast Period | 2024–2031 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Technology, Type, Shape, Payload Type and Application |
Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Report Highlights | Digital interactions across various industries through blockchain technology |
Key Market Opportunities | Growing Demand for AUVs for Border and Coastal Security to Fuel Market Growth |
Key Market Drivers | Increasing Offshore Production of Deepwater Oil and Gas to Stimulate Market Growth |
Segments covered in Autonomous Underwater Vehicles (AUV) Market are as follows:
- Technology
- Imaging (Side-scan sonar imagery, Multibeam Echo Sounders, Sub-bottom Profilers, LED lighting), Navigation (Compass-based Navigation, Inertial Navigation), Collision Avoidance (Sonars), Communication (Acoustic communication, Satellite communication), Propulsion (Fin Control Actuators, Linear Electromechanical Actuators, Propulsion Motors, Pump Motors, Battery Modules {Deployment For Energy Storage, Applied Battery Technologies and Alternatives}, Propulsion System Types {Electric system, Mechanical System, Hybrid System})
- Type
- Small AUVs (In Ocean Observation, Route Mapping, And Mine-hunting Applications), Medium AUVs (In Military Applications), Large AUVs (In Deep-Water Mapping and Survey Applications)
- Shape
- TorPedo (In Marine Engineering), Laminar Flow Body (In Border Security), Streamlined Rectangular Style (Collection of Underwater Information), Multi-hull Vehicle (Surveying Seafloor and Their Magnetic Properties)
- Payload Type
- Cameras (High-resolution Digital Still Cameras, Dual-eye Cameras), Sensors (Conductivity, Temperature, And Depth {CTD} Sensors, Biogeochemical Sensors {Turbulence Probes, And Oxygen, Nitrate, Chlorophyll, And
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- Cameras (High-resolution Digital Still Cameras, Dual-eye Cameras), Sensors (Conductivity, Temperature, And Depth {CTD} Sensors, Biogeochemical Sensors {Turbulence Probes, And Oxygen, Nitrate, Chlorophyll, And
