Autonomous Underwater Vehicles Market Size Worth $15,311.02 Million By 2032 | CAGR: 31.8%

Autonomous Underwater Vehicles Market Size Worth $15,311.02 Million By 2032 | CAGR: 31.8%

The global autonomous underwater vehicles market size is expected to reach USD 15,311.02 million by 2032, according to a new study by Polaris Market Research. The report “Autonomous Underwater Vehicles Market Share, Size, Trends, Industry Analysis Report, By Technology; By Type (Shallow, Medium and Large); By Shape; By Payload; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The autonomous underwater vehicle (AUV) market is witnessing a significant growth driven by its wide range of applications in commercial, scientific, and military sectors. AUVs are used in fields such as oceanography, anti-submarine warfare, and ocean exploration, where they autonomously perform tasks like surveying, sampling collection, and underwater inspections. They provide cost-effective solutions for oceanographic research, gathering crucial data on water temperature, salinity, currents, and marine life.

AUVs are also valuable in security operations, aiding in tracking illegal activities and enhancing port and harbor security. In the oil and gas industry, AUVs are vital in inspecting and repairing submerged infrastructure and monitoring underwater equipment.

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However, the COVID-19 pandemic has impacted the AUV market due to reduced demand in the oil and gas sector and limited mobility of operators. Nonetheless, as the global situation improves, the market is expected to recover, driven by the need for efficient underwater operations, technological advancements, and ongoing research and development efforts to enhance AUV capabilities. These factors will continue to drive the demand for AUVs in various sectors and unlock new opportunities for their future applications.

Autonomous Underwater Vehicles Market Report Highlights

  • Navigation technology is growing rapidly in the global AUV industry, facilitating accurate data collection during underwater missions. Submarine navigation ensures precise data for AUVs, enabling autonomous operations, real-time adjustments, and improved efficiency with minimal human supervision.
  • The demand for large AUVs is primarily driven by the military & defense sector and the oil & petroleum industry. These AUVs integrate advanced navigation systems, facilitating precise positioning and efficient data collection.
  • North America is projected to dominate the global autonomous underwater vehicles market, driven by the increasing demand for AUVs in emerging markets. AUVs are extensively used in marine projects, including mine countermeasures, inspection, ISR, oceanography, and payload delivery.
  • The global key market players include Atlas Elektronik GmbH, Bluefin Robotics, Boing, Boston Engineering Corporation, ECA Group, ecoSUB Robotics, EELUME AS, Falmouth Scientific, Fugro, Graal Tech, Hydromea, International Submarine Engineering (ISE) Ltd., Kongsberg Groups, L3Harris Technologies, Lockheed Martin Corporation, Nido Robotics, Oceanserver Technology, Riptide Autonomous Solutions, Saab Group, Lockheed Martin Corporation, Teledyne Technologies, Terradepth, and Tianjin Sublue.

Polaris Market Research has segmented the Autonomous Underwater Vehicles market report based on technology, type, shape, payload application, and region:

Autonomous Underwater Vehicles, Technology Outlook (Revenue - USD Million, 2019 - 2032)

  • Collision Avoidance
  • Navigation
  • Communication
  • Imagery
  • Propulsion

Autonomous Underwater Vehicles, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Shallow
  • Medium
  • Large

Autonomous Underwater Vehicles, Shape Outlook (Revenue - USD Million, 2019 - 2032)

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

Autonomous Underwater Vehicles, Payload Outlook (Revenue - USD Million, 2019 - 2032)

  • Sensors
  • Cameras
  • Synthetic Aperture Sonars
  • Echo Sounders
  • Acoustic Doppler Current Profilers
  • Others

Autonomous Underwater Vehicles, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Army & Defense
  • Petroleum & Gas
  • Environmental Security & Tracking
  • Oceanography
  • Archeology & Exploration
  • Search & Rescue Activities

Autonomous Underwater Vehicles, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa