Global Autonomous Underwater Vehicle Market Size, Share, Growth & Forecast 2027

Global autonomous underwater vehicle market is expected to grow at double digit CAGR, in value terms, to reach $ 550 Million by 2027, on the back of increasing defence spending, growing energy needs, growing need for scientific research applications, and emerging economies.

The market in the developing regions is expected to observe high progress in the automatic underwater vehicle (AUV) market especially in APAC and MEA regions while developed regions are matured and thereby witnesses constant growth.

Moreover, growing demand of AUV technology in automotive industry and increasing requirement from the research segment are the major opportunities for autonomous underwater vehicle market to grow during the forecast period.

Some of the major players operating in global autonomous underwater vehicle Market BAE Systems, Columbia Group, Festo, Liquid Robotics Kongsberg Maritime, Teledyne Technologies., Subsea 7, ACSA – ALCEN, Atlas Elektronik, Stone Aerospace, OceanServer Technology, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

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Objective of the Study:

  • To assess the demand-supply scenario of autonomous underwater vehicle, which covers production, import, export, demand, supply, and net inventory status of autonomous underwater vehicle market globally.
  • To analyze and forecast the market size of autonomous underwater vehicle, in terms of value as well as volume.
  • To classify and forecast global autonomous underwater vehicle market based on vehicle type, End Users and regional distribution.
  • To identify drivers and challenges for global autonomous underwater vehicle market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global autonomous underwater vehicle market.
  • To conduct the pricing analysis for autonomous underwater vehicle market.
  • To identify and analyze the profile of leading players involved in the manufacturing of global autonomous underwater vehicle market.

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of autonomous underwater vehicle manufacturers and suppliers operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, distribution channels, and regional presence of all major autonomous underwater vehicle supplier across the globe.

TechSci Research calculated the market size for global autonomous underwater vehicle market using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as Autonomous Undersea Vehicle Application Center, Association for Unmanned Vehicle Systems International (AUVSI), Ministry of Earth Sciences,  AUVSI foundation, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Technology investors
  • Governments and financial institutions
  • End users of Small Electric Vehicle Markets
  • Research organizations and consulting companies.
  • Research Institutes
  • Associations, organizations, forums and alliances related to Small Electric Vehicle Market.
  • Electric Vehicles manufacturing Companies
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as autonomous underwater vehicles manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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