The Autonomous Underwater Vehicles Market To Stage Innovation-Based Eagle-Eye View

iCrowdNewswire

Oct 07, 2021

Persistence Market Research’s new market research report titled “Autonomous Underwater Vehicle Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2027,” throws light on the autonomous underwater vehicle (AUV) market and offers a deep-dive analysis for the next 9 years.

The global autonomous underwater vehicle market is projected to reach US$ 596.7 Mn by the end of the forecast period, 2018-2027, registering a CAGR of 6.1%.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/19330

Company Profiles:

General Dynamics Corporation
Teledyne Gavia ehf
Kongsberg Maritime AS
Saab AB
Atlas Elektronik GMBH
ECA Robotics SAS
Fugro N.V.
L3 OceanServer
Hydromea SA
International Submarine Engineering Ltd

Get A Customized Scope To Match Your Need Ask An Expert – sales@persistencemarketresearch.com

Autonomous Underwater Vehicles Market

Aquaculture & Maritime Applications Deploy Maximum Autonomous Underwater Vehicles

Autonomous underwater vehicles are generally used in aquaculture systems for a variety of underwater tasks such as tank water monitoring in fish farming. Aquaculture production has been increasing rapidly, making fish farming one of the fastest growing industrial sectors across the world. This has been significantly contributing to the growth of the global autonomous underwater vehicle market.

Moreover, autonomous underwater vehicles are also used for the monitoring of sea water quality in order to maintain sea water quality. For this, government bodies such as the US Environment Protection Agency (EPA) have implemented regulations on the use of sea water quality, which in turn is expected to fillip the demand for autonomous underwater vehicles over the forecast period.

Numerous, if not all, ocean-based or maritime industries depend on autonomous underwater vehicles for the setting up or expansion of the respective industry. Maritime industries are expected to experience significant growth in the coming decade, owing to global economic development and increasing demand.

Industries such as shipping, shipbuilding, coastal aquaculture, fishing, offshore oil & gas, offshore wind, maritime tourism tidal and wave energy are projected to witness robust growth over the projected period, which in turn is expected to boost the demand for autonomous underwater vehicles in the coming years.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/19330

Strong Resurgence of Oil & Gas Industry to Benefit Autonomous Underwater Vehicles Market

Increasing offshore oil & gas exploration activities are expected to create robust demand for autonomous underwater vehicles. Autonomous underwater vehicles play an important role in offshore oil & gas exploration activities as they provide surveying, dredging, installation and maintenance support. With more than half the offshore oil & gas potential yet to be explored, and growing investments in the industry, the autonomous underwater vehicle market is expected to witness significant demand in the coming years.

Autonomous underwater vehicles are deployed for a limited number of operations, on account of technological uncertainties and subsequent risks as water rapidly absorbs electromagnetic radiation waves, making communication systems ineffective and inefficacious. In addition, aquatic environments also create challenges for autonomous underwater vehicles. These factors collectively affect the overall sales of autonomous underwater vehicles.

Increasing number of research studies pertaining to ocean exploration and sampling as well as substantial growth of the oil & gas industry and scientific research organizations are expected to create a significant opportunity for autonomous underwater vehicles during the forecast period.

Related Reports:

Garbage Collection Trucks Market – Garbage Collection Trucks Market Segmented By Waste Collection Vehicle, Garbage Trucks, Solid Wastes Trucks

Refrigerated Trailers Market – Refrigerated Trailers Market Segmented By Semi-Trailer, Truck Refrigeration Unit, Reefer Trailer, Refrigerated Trailer Hinges

About Us: Persistence Market Research

Contact Information:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com