Autonomous underwater vehicles, sometimes called unmanned underwater vehicles are extremely useful to perform a diverse array of tasks such as mapping submerged wrecks, obstructions, and rock formations that can be hazardous to recreational or commercial vehicles. In the upcoming report ‘Autonomous Underwater Vehicle Market Forecast, Trend Analysis & Competition Track – Global Review 2017 to 2022’, Persistence Market Research has taken an in-depth look at autonomous underwater vehicle market. The report provides an analysis for the historical period compared and contrasted with the forecast period from 2017 to 2022 to present an accurate image of autonomous underwater vehicle market to readers. The study covers market dynamics across all the profiled regions viz. Japan, APEJ, Europe, Latin America, MEA, and North America giving readers an idea of the prospects that can be tapped in autonomous underwater vehicle market, both existing and potential.
Autonomous Underwater Vehicle Market Taxonomy
The autonomous underwater vehicle market comprises a thorough evaluation of autonomous underwater vehicle market and provides critical insights of the factors impacting sales of autonomous underwater vehicles. The report looks at the stakeholder strategies that can prove beneficial to attaining success in autonomous underwater vehicle market. The autonomous underwater vehicle market has been assessed on the basis of end use, product type, technology type, and region.
The autonomous underwater vehicle market report begins with the executive summary that provides a birds-eye view of autonomous underwater vehicle market as a whole. This is where autonomous underwater vehicle market value has been mentioned in terms of US$ and it further moves on to the opportunity analysis and technological trends shaping autonomous underwater vehicle market. A comprehensive study of autonomous underwater vehicle market across all the regions can be expected in this section of autonomous underwater vehicle market report. Market presence of influential participants in terms of market attractiveness concludes this portion of the report.
A vital section of the autonomous underwater vehicle market report analyses autonomous underwater vehicle market across different countries. An equal focus has been given to developed and developing regions in autonomous underwater vehicle market and companies are advised to peruse through this at leisure. In a volatile yet interconnected global economy, it is imperative to conduct forecasts and observe autonomous underwater vehicle market by way of metrics such as CAGR, absolute dollar opportunity, and Y-o-Y growth rate. The competitive landscape in autonomous underwater vehicle market report complements this and can be read in tandem. The immediate competition has been scrutinized in a dashboard format that consists of all the information required by incumbents and new entrants in autonomous underwater vehicle market. Recent developments, strategies adopted, financial ratios, and a broad overview have all been laid out in a logical and easy-to-understand manner. A SWOT analysis can enable readers to effectively devise their go-to-market strategies taking into account their rivals’ strengths and weaknesses.
Autonomous underwater vehicles are useful in a wide range of missions including mapping rock formations, shipwrecks, and other obstructions that could prove hazardous to commercial and recreational navigation vessels. Autonomous underwater vehicles are equipped with a variety of sonar systems and oceanographic sensors and can often conduct their entire missions without any sort of operator intervention. After the completion of the mission, the autonomous underwater vehicle returns to a predetermined location where the data is collected and processed in a similar format to shipboard systems. An increasing focus on maritime security coupled with greater offshore oil & gas production are the key drivers of the autonomous underwater vehicle market that is anticipated to push past US$ 445 million by end 2022.
Large AUV’s Dive Deepest in Autonomous Underwater Vehicle Market
The large AUV segment (depth of more than 1 km) is the largest in terms of revenue share in the autonomous underwater vehicle market by vehicle type at the end of 2017 and should gain considerable share over the forecast period. Large AUV’s have immense utility in the military & defense industry and greater uncertainty is poised to make nations invest heavily in coastal reconnaissance and security. The large AUV segment is projected to have a value of more than US$ 170 million by end 2022, making it a huge opportunity for all players alike. North America alone accounts for approx. a third of the large AUV segment in the autonomous underwater vehicle market.
Close Call Between Medium and Shallow AUV in Autonomous Underwater Vehicle Market
The revenue share of both medium AUV and shallow AUV’s is similar in the autonomous underwater vehicle market and it is too close to declare a clear winner. Nonetheless, shallow AUV’s are poised to lose significant market share in the near future and the medium AUV segment can certainly gain from this. An absolute dollar opportunity of just under US$ 40 million can be tapped in the medium AUV segment from the period 2017 to 2022. Along with North America, Europe is the region to look out for in the medium AUV segment of the autonomous underwater vehicle market as it is estimated to witness a robust CAGR for the period studied.