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    Global Autonomous Underwater Vehicle Market to Surpass USD 5.95 Bn By 2031| Growth Market Reports

    PUNE, India, July 3, 2023 /PRNewswire/ — According to a recent market study by Growth Market Reports, titled, “Global Autonomous Underwater Vehicle Market Segments – by Type, Shape, Technology, Propulsion System, Payload Type, Application, and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 1.78 Bn in 2022 and is expected to surpass USD 5.95 Bn at a CAGR of 14.3% by the end of 2031.

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    Key Players Covered

    • Lockheed Martin Corporation
    • General Dynamics Corporation
    • Boeing
    • Kongsberg
    • BAE Systems
    • ATLAS ELEKTRONIK GmbH
    • International Submarine Engineering Limited
    • Eelume AS
    • ECA GROUP
    • Graal Tech Srl

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    The report covers data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of market segments, industry players, and crucial strategies that helps market players to boost their market share.

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    Key Takeaways:

    • AUVs are self-propelled or unmanned vehicles that are equipped with sensors and actuators.
    • Increasing adoption in defense and growing exploration of rare earth minerals are expected to boost the demand for AUVs.
    • The medium AUVs (100m–1000m depth) segment is projected to expand at the fastest CAGR, owing to rising adoption in the oil & gas and defense sector.
    • The military & defense segment is anticipated to hold a major market share due to increasing demand for intelligence, surveillance, and reconnaissance activities.
    • North America is expected to dominate the global market, owing to the increasing defense budgets and rising procurement of advanced AUVs by the Navy for ISR operations.

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    Segment Covered

    Type

    • Small AUVs (upto 100m depth)
    • Medium AUVs (100m–1000m depth)
    • Large AUVs (above 1000m depth)

    Shape

    • Torpedo
    • Streamlined Rectangular Style
    • Laminar Flow Body
    • Multi-hull Vehicle

    Technology

    • Communication System
    • Collision Avoidance System
    • Navigation System
    • Imaging System

    Propulsion System

    • Mechanical System
    • Electric System
    • Hybrid System

    Payload Type

    • Sensors
    • Cameras
    • Echo Sounder
    • Synthetic Aperture Sonar
    • Acoustic Doppler Current Profilers
    • Others

    Application

    • Scientific Research
    • Oil & Gas Industry
    • Military & Defense
    • Archaeology & Explorations
    • Oceanography
    • Environment Protection & Monitoring
    • Seabed Mining
    • Rescue Activities
    • Others

    Region

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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