Global Demand for Automatic Underwater Vehicles (AUVs) Is on the Rise, Says Azoth Analytics in Its Report Recently Published at MarketPublishers.com18 Aug 2016 • by Natalie Aster
LONDON – Presently, the global demand for automatic underwater vehicle (AUV) is increasing at a rapid pace, propelled by rising demand for life-of-field inspections, ongoing technological advancements and innovations, upturn in offshore drilling activities, introduction of cost-effective inspection systems, high adoption rate of AUVs across key application areas, among others. In the past year, the defense industry accounted for the biggest share (49%) of the world’s overall AUV market.
Regionally, the highest growth rates are expected to be recorded in the Latin American and African AUV markets, majorly due to deepwater oil and gas activities in pre-salt areas in these regions. The European AUV market will also see remarkable growth with Norwegian Sea and North Sea being the key subsea pipeline inspection equipment's market.
During the period between 2016 and 2021, the global market for AUVs is forecast to follow an upward trend, posting a 15.5% CAGR. Robust market growth will be supported by the constantly increasing demand from oil and gas industry, considerable investments and remarkable advances in scientific research.
In-demand research report “Global Automatic Underwater Vehicle (AUV) Market” worked out by Azoth Analytics provides a cutting-edge analysis of the market for automatic underwater vehicles (AUVs) on the global as well as regional scales. It includes an in-depth market assessment, contains a granular segmentation analysis, reviews the historical background, describes the current state and examines key factors shaping the market. The research publication points out and discuss top prevailing and emerging market development trends, outlines major growth opportunities up to 2021, contains value chain analysis, SWOT analysis, Porter’s five forces analysis and policy and regulatory landscape overview. The competitive scenario in the market is explored and detailed profiles of the top players are available in this n-demand report.
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