Which are the major industries in Autonomous underwater vehicle (AUV) market?

Posted by Steve Stark on November 12th, 2021

The major industries in Autonomous underwater vehicle (AUV) market includes Military & Defense, Oil & Gas, Environment Protection & Monitoring, Oceanography, Archeology & Exploration, and Search & Salvage Operations.

Which are the major companies in the Autonomous underwater vehicle (AUV) market?

The Autonomous underwater vehicle (AUV) market was dominated by Kongsberg (Norway), Teledyne Technologies (US), Fugro (Netherlands), Bluefin Robotics (General Dynamics) (US), and Saab AB (Sweden).

Which are the leading countries in the Autonomous underwater vehicle (AUV) market?

APAC is expected to grow at the highest CAGR by 2026. Countries such China, Japan, and India are expected to be the major contributors to the market in APAC. Factors such as increased military spending, growing need for energy in emerging economies, and the rising adoption of AUVs in various application areas are driving the growth of the AUV market in APAC.

APAC is expected to hold the largest share in the Autonomous underwater vehicle (AUV) market by 2026.

The rising military capabilities of developing nations such as India and South Korea are expected to boost the demand for AUVs in APAC.

Which industry is expected to witness significant demand for Autonomous underwater vehicle (AUV) in the coming years?

The market for military & defense is expected to hold a major share of the market during the forecast period attributed to countries such as the US, Canada, France, and China are increasingly adopting AUVs for military & defense applications.

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How will COVID-19 impact on the penetration of Autonomous underwater vehicle (AUV) market?

The impact of COVID-19 on the AUV market and on consumer demand is currently unclear. However, it is estimated that there would be a short-term reduction in the production of AUVs as the oil & gas industry, which is the largest consumer of AUVs, is facing a shortage in demand for oil & gas. .