Global Autonomous Underwater Vehicle Market 2017-2021

This industry research report identifies General Dynamics, Kongsberg Maritime, Lockheed Martin, Saab, and Thales Group as the key vendors in the global autonomous underwater vehicle market. This industry research report also presents a detailed analysis of the market by end-user (military AUV and commercial AUV) and by geography (the Americas, APAC, and EMEA).

Overview of the global autonomous underwater vehicle market

Technavio’s autonomous underwater vehicle market research report identifies the focus on in-depth study of oceans to be one of the primary growth factors for the autonomous underwater vehicle market. Oceanography and in-depth study of oceans is easier and advanced due to advancements in technology and advent of sophisticated measurement tools. Increasing global warming is influencing increasing efforts to analyze the effect of climatic changes on the ocean. Autonomous underwater vehicle (AUVs) are equipped with capacity and capability to conduct extensive ocean research. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 12% by 2021.

Internet of Things (IoT) enables a group of devices to automatically exchange information via the internet and communicate with each other.  Underwater devices such as AUVs are adopting Internet of Underwater Things (IoUT). IoUT consists of a group of underwater vehicles and sensors that communicate with each other and networks over the surface of water. This real-time communication improves the efficiency of tasks such as repair and monitoring and mitigates the need for human intervention. The development in Internet of Underwater Things (IoUT) is identified to positively impact the autonomous underwater vehicle market growth.

What's your takeaway?

Technavio's industry research report on the global autonomous underwater vehicle market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the autonomous underwater vehicle market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The autonomous underwater vehicle is significantly fragmented owing to the presence of several international and regional players. These AUV vendors market their varied products and services using their geographical presence. Key AUV vendors are major defense contractors with expertise across varied military platforms and technologies. They focus extensively on offering flexible and suitable products catering to the customer needs. To attain competitive advantage in the autonomous underwater robot market, vendors are designing systems with improved ease of use to mitigate training requirements.

The leading vendors in the market are

• General Dynamics
• Kongsberg Maritime
• Lockheed Martin
• Saab
• Thales Group

The other prominent vendors in the market are Boeing, ECA Group, Fugro, and Oceaneering International.

Segmentation by end-user and analysis of the autonomous underwater vehicle market

• Military AUV
• Commercial AUV

Defense agencies are increasingly using AUVs for their military assets in various applications in maritime security for minesweeping, mine reconnaissance, and in anti-submarine warfare (ASW). Military AUV vendors develop AUVs in accordance with the varying mission-specific requirement and to perform various functions that were carried out by naval platforms.

Geographical segmentation and analysis of the autonomous underwater vehicle market

• Americas
• APAC
• EMEA

The Americas is witnessing an increasing use of autonomous technology across its air, land, and sea-based platforms. The US Navy is steadily deploying AUVs for its oceanographic studies and it transmits temperature, depth, and salinity information to the Naval Oceanographic Office (NAVOCEANO). Several initiatives by this region to maintain their sea-based military supremacy, contribute extensively to the growth of the autonomous underwater robot market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global autonomous underwater vehicle market?
• What are the key market trends impacting the growth of the global autonomous underwater vehicle market?
• What are the challenges to market growth?
• Who are the key vendors in the global autonomous underwater vehicle market?
• What are the market opportunities and threats faced by the vendors in the global autonomous underwater vehicle market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global autonomous underwater vehicle market?

Technavio also offers customization on reports based on specific client requirement.