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Increase in Maritime Security to Boost AUV Market: Ken Research

Autonomous Underwater Vehicles (AUVs) are commonly known as unmanned underwater vehicles. They are used in underwater survey missions for detecting and mapping samples underwater like rocks, wrecks and crashes, which otherwise is hazardous to navigate. They are capable of conducting survey missions without operator interventions. However, in today’s age, AUVs vary in the way they are built and different AUVs can be personalised and vary in sizes from small to large. They are used for various purposes – commercial, military, research and exploratory purposes. In commercial sense, they are used for oil and natural gas drilling for assistance in appropriate geographical areas. In military sense, they are useful in finding boot-traps on the ocean beds. For research and exploratory purposes, they help in finding and tracking coral reefs and underwater ecosystem. The size of AUVs are detrimental in determining the depth till which they can be used.

Global Autonomous Underwater Vehicles (AUVs) Market

Ken Research’s Global Autonomous Underwater Vehicles (AUVs) Market 2017-2025 by Industry Vertical, System Component, Vehicle Type, Propulsion System and Region gives a detailed analysis on the global market for autonomous underwater vehicles. The report likewise covers current aggressive situation and the anticipated assembling pattern; and profiles worldwide AUV sellers including market pioneers and significant rising players. In particular, potential dangers related with putting resources into worldwide AUVs advertise are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. The top market players are Atlas Elektronik Gmbh, Boston Engineering, ECA Group, Fugro Subsea Services Ltd, General Dynamics Mission Systems, International Submarine Engineering (ISE) Ltd., i-Tech (Subsea 7), Kongsberg Gruppen ASA, Lockheed Martin Corporation, Oceaneering International, Inc., Oceanserver Technology, Inc., SAAB SEAEYE LTD., Teledyne Gavia EHF. And Teledyne Technologies Inc.

There are various market drivers in AUVs – scientific, industrial, political and economic. There is growing demand for high resolution mapping and imaging data, which is expected to give deeper insights about geological processes. Industry drivers include new offshore renewables and caprbon capture and storage (CCS) and seafloor observatories. A common demand from all the drivers are high – resolution mapping data for environmental assessments and monitoring. Governments are also spending and investing on new equipment for both security and exploratory sakes. New Marine Protected Areas and other marine monitoring programmes have been a huge boost for companies. The only major market deterrents are high costs.

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Global Autonomous Underwater Vehicles (AUVs) Market

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