The Autonomous Underwater Vehicle Market is expanding as industries and defense sectors leverage AUVs for underwater exploration, surveillance, and data collection. Improved autonomy and sensor capabilities contribute to the market's growth.
Key Market Players
Boston Engineering Corporation (US)
Kongsberg Maritime (Norway)
The ECA Group (France)
Teledyne Technologies Incorporated (US)
Lockheed Martin Corporation (US)
General Dynamics Corporation (US)
Graal Tech Srl (Italy)
Saab AB (Sweden)
Fugro (Netherlands)
International Submarine Engineering Limited (Canada)
Strategies Adopted
Industry news within the AUV market reflects ongoing trends, technological advancements, and the sector's response to the evolving requirements of marine research, defense, and offshore industries. News related to successful AUV deployments, collaborations with research institutions, and advancements in sensor technology showcase efforts to enhance underwater vehicle performance and operational capabilities. Moreover, developments in AUV applications, such as the use of underwater drones for pipeline inspection and environmental monitoring, are frequently covered in industry news, reflecting the industry's commitment to addressing diverse marine challenges.
Current investment trends in the AUV industry underscore a dual focus on research and development and strategic partnerships. Key players are directing investments towards improving AUV navigation accuracy, exploring new applications for underwater surveying, and collaborating with research institutions for technology validation. Investments in digital infrastructure, cybersecurity measures, and compliance with marine industry standards are prevalent, reflecting the industry's adaptation to the growing emphasis on data security and regulatory compliance. Additionally, strategic investments in acquisitions and partnerships aim to strengthen market presence and enhance the overall capabilities of AUV providers.
Emerging Companies
The overall competitive scenario in the AUV market is characterized by established brands and dynamic newcomers, each navigating the industry with distinct strategies. Market share analysis considers factors such as AUV performance, adaptability to varied underwater environments, and the ability to offer specialized solutions for specific applications. The industry's responsiveness to technological advancements, the integration of artificial intelligence, and the development of energy-efficient propulsion further shapes competitiveness. As industries ranging from marine research to oil and gas exploration increasingly rely on AUVs for efficient and autonomous underwater operations, the market is poised for continued growth. Companies in this sector are striving to balance innovation, quality, and affordability to maintain a competitive edge in a complex and rapidly evolving autonomous underwater vehicle technology landscape.
Recent News
Kongsberg Maritime (Norway):
HUGIN Endurance Sea Trials Success: The new long-range AUV, HUGIN Endurance, successfully completed its sea trials and is ready for deep-sea exploration and mapping missions. Its impressive range and endurance push the boundaries of underwater research.
PXGEO Orders Over 20 Sabertooth AUVs: Marine geophysical company PXGEO placed a significant order for Kongsberg's Sabertooth AUVs, demonstrating growing demand for efficient and accurate underwater surveying solutions.
Teledyne Marine (USA):
Gavia AUV Upgrades: Teledyne Marine continues to enhance its Gavia AUV series with advanced sensors, improved navigation capabilities, and extended operation times, catering to diverse underwater tasks.
Focus on Environmental Monitoring: Teledyne Marine prioritizes developing AUVs suitable for environmental monitoring applications. Their systems gather data on water quality, pollution levels, and marine life, aiding in conservation efforts.
ECA Group (France):
Exail Technologies Merger: ECA Group merged with iXblue to form Exail Technologies, creating a powerful entity in the AUV market. This combined expertise aims to deliver innovative underwater solutions for military, scientific, and commercial applications.
Focus on Collaborative AUVs: Exail Technologies explores developing AUVs capable of collaborating with other underwater and surface vehicles, expanding mission capabilities and efficiency.
Boston Engineering Corporation (USA):
REMUS AUV Advancements: Boston Engineering continues refining its REMUS AUV family, known for its modularity and adaptability. New additions include smaller, more portable variants and advanced payload integration options.
Emphasis on Military Applications: Boston Engineering actively caters to the military AUV market, offering reliable and versatile platforms for reconnaissance, mine countermeasures, and underwater warfare.
SeaRobotics (Norway):
Submaran AUV Orders: SeaRobotics received new orders for its versatile Submaran AUV, highlighting its popularity for underwater inspection, infrastructure monitoring, and scientific research tasks.
Cost-Effective Solutions: SeaRobotics focuses on developing cost-effective AUVs accessible to a broader range of users and organizations, democratizing underwater exploration and data collection.
Emerging Trends in AUV Technology:
Increasing adoption of AI and machine learning for enhanced autonomy and decision-making capabilities.
Development of longer-range and deeper-diving AUVs for expanded exploration areas.
Focus on collaborative AUV operations for complex missions and efficient data gathering.
Emphasis on miniaturization and affordability for wider accessibility.
Integration of advanced sensors and communication systems for real-time data acquisition and analysis.
Globally, the size of autonomous underwater vehicle (AUV) market is expected to grow at 17.89% CAGR during the forecast 2020-2030, to reach estimated valuation of USD 9,389.9 million by 2030.
Autonomous Underwater vehicles (AUV) are vehicles that are worked without human interaction. They are accessible in a few kinds, like shallow, medium, and enormous. Besides, AUVs are outfitted with advances like correspondence, crash evasion, route, imaging, and drive. AUVs can convey numerous or mixes of payloads, including sensors, cameras, and engineered opening sonars, among others. Aside from their huge scope application in the oil and gas industry, AUVs are additionally utilized in businesses like military and safeguard, oceanography, ecological security and observing, archaeological and investigation, and search and rescue tasks.
The Autonomous Underwater Vehicle (AUV) Market is relied upon to observe high development throughout the following five years. The market development is relied upon to be driven by the expanding interest for AUVs in the oil and gas industry and an increment in military spending. Notwithstanding, the development of the market can be frustrated by restricted flight reach and perseverance and inclined to digital assaults. The worldwide Autonomous Underwater Vehicle market is relied upon to build development with the end goal of surveillance, seafloor planning, and review.
Autonomous Underwater vehicles might be utilized in various military applications like an enemy of submarine fighting, oceanography, payload conveyance, mine counter, and more. Autonomous Underwater vehicles can likewise be useful to follow illicit human, and medication is dealing alongside merchandise and materials pirating. In addition, these vehicles can likewise be utilized to research air crashes and boat destruction. In the years to come, Autonomous Underwater vehicles are relied upon to utilize the energy of a mix of various batteries and force the board frameworks with super capacitors.
November 2022
HII’s (NYSE: HII) Mission Technologies division has revealed a new medium-class unmanned underwater vehicle (UUV): REMUS 620.
Building on the design philosophy of the highly successful REMUS 300 — recently selected by the U.S. Navy as the program of record for the Lionfish Small UUV — the REMUS 620 has a battery life of up to 110 hours and a range of 275 nautical miles, providing unmatched mission capabilities for mine countermeasures, hydrographic surveys, intelligence collection, surveillance and electronic warfare.
Covid-19 Analysis
The Autonomous Underwater Vehicle market player incorporates central parts. These major players have spread their business across different nations, including North America, Europe, Asia Pacific, Middle East, Africa, and South America. Coronavirus has affected their organizations also. Industry specialists accept that COVID-19 could influence AUV creation and administrations by 25-30% worldwide in 2020.
The fast spread of COVID-19 in Europe, the US, and the Asia Pacific has prompted a critical drop sought after for AUV around the world, with a relating decrease in incomes for different payload providers, specialist co-ops across all business sectors attributable to late conveyance, fabricating closure, the restricted staff at assembling offices, and restricted accessibility of gear. According to industry specialists, the worldwide Autonomous Underwater Vehicle market request is expected to completely recover and develop.
The spread of COVID-19 in Europe, the US, and the Asia Pacific prompted a critical drop in the demand for AUV, with a subsequent reduction in the incomes of various payload providers, and specialist co-ops across all business sectors attributable to late conveyance, fabricating closure and more.
Even defense budget cuts were commonly seen worldwide, leading to significant economic downfall. However, countries have been working on fostering their spending, with defense sectors focusing on procuring and acquiring new equipment and systems.
For instance, in September 2022, the British Royal Navy acquired three new REMUS 100 unmanned underwater vehicles (UUVs), bringing enhanced mission efficiency and increased data quality to the navy. According to manufacturer Huntington Ingalls Industries (HII), the UUVs are designed with better endurance and the latest generation of sensors and payloads. The latest REMUS 100s will help bolster their existing fleet with increased capability for the UK’s subsea autonomous operations.
Market Dynamics
Market Driver
Increasing Capital Expenditure of Companies in the Offshore Oil and Gas Industry is driving the growth of the Autonomous Underwater Vehicle market. The seaward business fundamentally incorporates oil and gas plants. The worldwide energy request has significantly increased beyond fifty years attributable to a few mechanical developments in arising economies. As conventional coastal stores are ceaselessly draining, seaward assets are assuming a key part in satisfying this developing energy need. This has prompted the moving of oil and gas creation offices to subsea districts. The coming of keen gadgets has prompted worked on functional administration and hazard the board. Progressed route and imaging frameworks are sent for safe activities in troublesome conditions.
Market Restrains
The high Operational Cost of AUVs is hampering the Autonomous Underwater Vehicle market share. You must know that AUVs are costly sea frameworks. The organization expenses of AUVs utilized in the investigation or looking over exercises add to the actual expense of investigation and study missions. Additionally, significant expenses of upkeep, producing, research and advancement, and framework intricacy related to AUVs likewise lead to their passive reception, even though they are being utilized progressively in straightforward missions like ecological observing. Subsequently, high functional expenses of AUVs go about as a limitation for developing the market.
Market Opportunity
Development and Incorporation of Advanced Technologies in AUVs are creating opportunities for increasing the Autonomous Underwater Vehicle Market Revenue. AUVs are relied upon to progress in innovation in battery life, independence, and control capacity in the coming years, accordingly prompting their expanded traction in the business area. AUVs have a normal battery life of under 24 hours, which fundamentally diminishes if AUVs are needed to work in deep waters as engines devour the biggest measure of force in these vehicles. This restricted battery life of AUVs prompts human impedance for charging them.
Market Challenge
Slow Underwater Survey Speed Owing to utilization of Acoustic Communication is a major challenge in the Autonomous Underwater Vehicle Market. Slow submerged study speed is a key test looked at by AUVs. This sluggish speed is because of the way that electromagnetic waves can't function admirably in submerged conditions with a profundity of more than 200 inferable from the directing idea of seawater. Acoustic waves, which are delayed in speed, are utilized by AUVs for profound water studies. These challenges could be handled with proper initiatives to help in the Market growth.Â
Market Growth AnalysisÂ
Autonomous Underwater Vehicle Market is relied upon to arrive at high USD in the forecasted period. The development and consolidation of cutting-edge innovations in AUVs will additionally contribute by producing enormous opportunities that will prompt the development of the Market in the previously mentioned projected time span. The market is expected to grow at a fast rate during the estimated future period.
October 2022
DGA has selected Kongsberg’s Hugin AUV for the French Navy. The French defense procurement agency (DGA) has awarded a contract to Norwegian manufacturer Kongsberg Maritime for the implementation by the French Navy of the Hugin Superior Autonomous Unmanned Vehicle (AUV), which can operate at depths of up to 6,000 meters.
This contract awarded on August 12, 2022, of a maximum amount of about €4 million, provides for several sea trips of this underwater drone. These campaigns are part of the exploratory capacity of the French seabed control strategy.
Market Segmentation
By Type
Based on Type, the Autonomous Underwater Vehicle Market is fragmented into AUV, ROV, and Hybrid. ROV Unmanned Underwater Vehicles are ruling in the market at 46.2% offer in 2020 attributable to its wide scope of utilization in business and logical applications. Capex is one more driver for the Market. The more capital consumption, the more an investigation and boring movement will drive the ROV market.
By Application
Subsea investigation action is a figure to heighten the utilization of the Autonomous Underwater Vehicle Market developing at a CAGR of 14.5% through 2025. The ROV tasks market is driven by the beginning of new oilfield advancement, the dynamic oil rig count, and the volume of seaward capital use. The utilization of ROV for bridling environmentally friendly power, for example, wind energy, is projected to show development in the following five years, with the seaward wind factory establishment movement driving the market.
By Region
Based on region, the Autonomous Underwater Vehicle Market is overwhelmed by North America, with the largest portion of 34.5% in 2020. In North America, the presence of modern areas alongside ongoing development of innovative progression has brought about the necessity of Unmanned Underwater Vehicles, as these are outfitted with turbine motors, sensors, and cameras which gives them high force thickness, huge push limit, great effectiveness with great burden limit, fuel quality and others making them helpful in these modern and business applications.
March 2022
Kongsberg introduces the newest version of HUGIN AUV, with the new design combining elements of HUGIN’s carbon monocoque approach used with success for the last 20 years coupled with extensive hydrodynamic modeling to refine the hull’s low-drag shape. HUGIN Edge stands out as a next-generation vehicle designed specifically to answer the performance and efficiency challenges set by the modern world.
To enable greater interoperability, the vehicle is equipped with the latest open interfaces for integration to 3rd party planning and mission management tools. There are also new tools specifically designed to optimize results for every deployment.
Regional Analysis
According to the regional analysis report, the Autonomous Underwater Vehicle Market has been segmented into different regions like North America, Europe, Asia-Pacific, and the remainder of the world. Among all the other regions, North America represented the biggest portion of the overall industry. Two powerful nations, the US and Canada, are considered under the area. The expanding advancement exercises embraced by maritime powers of nations, for example, the US, for reinforcing the naval force, supports market development.
October 2022
MIND Technology, Inc. announced today that it will present an implementation of its Spectral AI real-time automatic target recognition (ATR) on the RTSYS COMET-300 autonomous underwater vehicle (AUV) at the EURONAVAL Conference in Paris. The Spectral AI ATR has been developed for both real-time and post-mission processing of data from Klein side scan sonars to automatically detect and classify different types of underwater man-made objects.
Key Market Players
The major players of the Autonomous Underwater Vehicle Market are mentioned below: -
Recent Development
In February 2020, Lockheed Martin won a two-year USD 12.3 Million agreement to help the Defense Advanced Projects Agency assemble and exhibit an additional huge Autonomous Underwater Vehicle.
In December 2019, Sweden's FMV granted an agreement to Saab AB for a self-impelled maritime mine turn of events. The new maritime mine will be founded on Autonomous Underwater Vehicle (UAV) innovation.
Market Report
Market overview
Market segmentation overview
The report highlights that the Market development includes its revenue hike's growth potential by the end of the forecast years.
Autonomous Underwater Vehicle Market Highlights:
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