Autonomous Underwater Vehicle (AUV) Market 2022 - Market
Size & Forecast, Industry Trends, Manufacturers Analysis, &
Opportunities 2030
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Autonomous
underwater vehicles (AUVs) are highly stable and agile self-propelled, unmanned,
underwater vehicles that are often employed for applications such as remote
navigation, obtaining high-resolution maps of the deep seafloor or characterize
the properties of the water being tested. These AUVs can be equipped with
different kinds of payloads and, or technologies such as cameras, sensors, synthetic
aperture sonars, bottom profilers, multibeam echo sounders, connectivity,
avoidance of collisions, navigation, imaging, and propulsion, and more.
They are widely
used in applications across various end-user industries including: military and
defense, oil and gas, ecological security and observing, scientific research,
archaeological exploration, environmental protection, oceanography etc.
GROWTH DRIVERS:
Factors such as
the rapidly expanding maritime & aquaculture & fish farming sectors; the
growing capital expenditure of companies in offshore oil & gas industry; the
escalating defense spending in several countries across the globe; the burgeoning
trend of modernization of underwater inspection; the increasing demand for
maritime security globally, and the escalating number of marine exploration activities
to extract minerals that are used in manufacturing of consumer electronics and
automobiles are primarily driving the growth of the global autonomous
underwater vehicle market.
Additionally, the
application of AUVs across various end-user verticals is expanding at a
tremendous pace. They are used for commercial purposes like offshore field
explorations, deepwater drilling, detecting ship and plane wrecks, military
purposes like reconnaissance or anti-submarine warfare, and scientific purposes
like ocean mapping or measuring the physical properties of the water column.
Also, their demand for underwater monitoring and surveillance missions in the
military and defense sector is soaring due to the growing maritime security
concerns. This is expected to boost the growth of the global autonomous
underwater vehicle market in the upcoming years.
Moreover, the
autonomous underwater vehicle market is witnessing robust integration and
development of advanced technologies in UAVs. Advancement and innovation in battery
life, independence, control capacity, installation of cutting-edge sensor
technologies such as Sonar are among a few of the developments that have either
taken place in the last few years or are still in the development stage. This
increasing number of developments and advancements in AUVs is slated to augment
the growth of the global autonomous underwater vehicle market during the
forecast period.
Furthermore, other
factors such as: the emergence of the Internet of Underwater Things (IoUT) for enhancing
intra-communication efficiency between remotely deployed AUVs; the growing
investment for the development of military sector and the escalating government
spending for sea water monitoring to maintain aquatic life balance are further
expected to create ample growth opportunities for the global autonomous
underwater vehicle market during the forecast period.
However,
factors such as the high operational costs associated with AUVs; the dearth of
quality assurance in comparison to human exploration; the concerns related to
security and the use of electromagnetic radiation waves to communicate from
object to ship or vessels are estimated to hinder the growth the growth of the
global autonomous underwater vehicle market during the forecast period.
AUTONOMOUS UNDERWATER VEHICLE (AUV) MARKET
SEGMENTATION:
By Type:
·
Shallow AUV (depth up
to 100 m)
·
Medium AUVs (depth up
to 1000 m)
·
Large AUVs (depth more
than 1000 m)
By Technology:
·
Communication Systems
o Acoustic Communication Systems
o Satellite Communication Systems
·
Navigation Systems
o Inertial Navigation Systems
o Acoustic Navigation Systems
o Geophysical Navigation Systems
o Dead Reckoning Navigation Systems
o Others
·
Propulsion Systems
o Fin Control Actuators
o Propulsion Motors
o Pump Motors
o Linear Electromechanical Actuators
o Battery Modules
·
Imaging Systems
o
Side-Scan Sonar (SSS) Imagers
o
Multibeam Echo Sounders (MBES)
o
Sub-Bottom Profilers (SBPS)
o
LED Lighting
·
Collision Avoidance Systems
By Payload Type:
·
Cameras
o High Resolution Digital Still Cameras
o Dual-Eye Cameras
·
Sensors
o CTD Sensors
o Biogeochemical Sensors
·
Synthetic Aperture Sonars
·
Echo Sounders
·
Acoustic Doppler Current
Profilers
·
Others
By Shape:
·
Torpedo
·
Laminar Flow Body
·
Streamlined Rectangular Style
·
Multi-Hull Vehicle
By Application:
·
Military & Defence
·
Oil & Gas
·
Environmental Protection and
Monitoring
·
Oceanography
·
Archaeology and Exploration
·
Search and Salvage Operations
·
Others
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Based on type, the large AUVs (depth more than 1000 m)
segment is expected to attain the highest CAGR in the market over the forecast
period. This can be attributed to the proliferating demand for large AUVs
across various end-user industries and the expanding navy budgets for safety
and security.
Based on shape, the torpedo segment is projected to
achieve the highest growth rate in the market over the forecast period. The
high adoption of this type of AUVs due to their hydrodynamic shape, which
results in various advantages such as high speed, less drag, and enhanced
efficiency, is the major factor attributable to the segments growth.
Based on payload type, the sensors segment captured the
largest share of the global autonomous underwater vehicle (AUV) market in
2021.The segment is poised to further retain its dominance over the forecast
period on account of their wide adoption for mapping, remote sensing, scanning,
and detecting applications.
Based on technology, the communication systems segment
accounted for the largest share of the global autonomous underwater vehicle
(AUV) market in 2021. The segment is further projected to retain its hold over
the market in the forecast period. However, the imaging systems segment is
predicted to register the highest growth rate in the market over the forecast
period.
Based on application, the military & defence
segment captured the largest share of the global autonomous underwater vehicle
(AUV) market in 2021. The segment is anticipated to continue with its lead in
the market during the forecast period. However, the oceanography segment is
estimated to grow at the highest CAGR in the market during the forecast period.
REGIONAL OUTLOOK:
The North American region led the global autonomous
underwater vehicle (AUV) market by acquiring a market share of 36.0% in 2021 and is expected to further continue doing the same over the forecast period of
2022-2030. The growth of the market in the region can be attributed to factors
such as the growing number of development activities alongside strict
government regulations pertaining to maritime security in the region; the
presence of well-established market players, and the increasing advancements in
AUVs in the region. The U.S. and Canada are the major contributors to the
growth of the market in the region.
The Asia Pacific region is projected to emerge as the
fastest-growing regional market for autonomous underwater vehicles (AUV) during
the forecast period of 2022-2030. Factors such as the proliferating adoption of
AUVs in various application areas; the rising military spending; the increasing
number of market players and the enhancing need for energy in developing
economies are expected to aid in the growth of the Asia Pacific during the
forecast period. India, China and Japan are the major contributors to the
growth of the market in the region.
KEY COMPANIES IN AUTONOMOUS UNDERWATER VEHICLE (AUV) MARKET:
·
Bluefin Robotics
·
Saab AB
·
Bae Systems
·
Boeing
·
Teledyne Technologies
·
General Dynamics Corp.
·
Kongsberg Maritime AS
·
ECA Robotics SAS
·
Fugro N.V.
·
L3 OceanServer
·
Hydromea SA
·
International Submarine Engineering Ltd.
·
Atlas Elektronik Gmbh
·
Boston Engineering Corporation
·
Graal Tech
· Other Players