Global AUV Market Space Analysed by M&M in Topical Research Study Now Available at MarketPublishers.com
01 Sep 2015 • by Natalie Aster
LONDON – Autonomous underwater vehicles (AUV) are utilised to perform a variety of underwater survey missions. The application of the technology has developed in the commercial sector where the number of AUVs used for offshore investigations and other tasks is expanding rapidly.
Worldwide, the value of the market is anticipated to amount to USD 343.4 million by end-2020, posting just over 13.4% CAGR. Region-wise, North America dominates the market, accounting for 63% as of 2014. Based on application, the AUV market is primarily led by the defense and commercial sectors. As the AUV technology keeps on improving, it is poised to find novel applications across sectors and in various geographic regions where autonomous underwater robots are currently rarely used. The world AUV market is primarily being driven by the surging importance of AUVs in defense, maritime safety & security, and research, rising energy needs, and growing investments into offshore oil and gas drilling. Nevertheless, high initial cost, tight government regulations, and investment in R&D are major factors limiting the sector’s growth.
Kongsberg Maritime, Teledyne Technologies, Bluefin Robotics Corporation, Saab AB, ECA SA, Ocean Server Technology, Inc., among others, are the leading participants in the industry.
Topical report “Autonomous Underwater Vehicles (AUV) Market by Type (Shallow, Medium, Large), Application (Commercial, Scientific Research, Defense) & Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020” created by M&M is aimed at examining the worldwide AUV market. It provides detailed market segmentation on the basis of application, type, and geography; canvasses the market dynamics covering key drivers, limiters, challenges and opportunities; discusses the trends prevailing in the industry. The research study gives an all-round overview of the competitive landscape, based on market share analysis and rankings of top players. The report profiles the leading players in the world AUV market alongside their SWOT analysis. Furthermore, the research publication offers analysis and forecast of the market size as a whole and by individual segments, for 2014-2020.
Autonomous Underwater Vehicles (AUV) Market by Type (Shallow, Medium, Large), Application (Commercial, Scientific Research, Defense) & Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020
Published: August, 2015
Price: US$ 4,650.00
More studies by the publisher can be found at M&M page.