Global Autonomous Underwater Vehicles Market Industry: A Latest Research Report to Share Market Insi
Autonomous Underwater Vehicles (AUV) is the unmanned underwater vehicles which are operated without direct human intervention. They are being designed to perform underwater survey missions required in commercial, scientific research, and defense sectors. They are capable of carrying out an entire mission independently and return to the pre-programmed location where the data is collected and analyzed. Autonomous underwater vehicles are used in key application areas in commercial, scientific research, and defense.
Among all applications, the autonomous underwater vehicle market for archeological and exploration applications is expected to grow at the highest rate between 2017 and 2023. However, military & defense applications are expected to hold the largest share of the autonomous underwater vehicle market in 2017. The market for large AUVs is expected to grow at a high rate between 2017 and 2023. Large AUVs can operate at a depth of more than 1,000 meters and are widely used for hydrographic exploration, deep ocean search, and deep water surveys.
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The global Autonomous Underwater Vehicles market is valued at 36 million US$ in 2018 is expected to reach 100 million US$ by the end of 2025, growing at a CAGR of 13.0% during 2019-2025. This report focuses on Autonomous Underwater Vehicles volume and value at global level, regional level and company level. ....