The autonomous underwater vehicle (AUV) is a mission controller that integrates artificial intelligence and other advanced computing technologies. It is a type of unmanned underwater vehicle (UUV). Underwater unmanned aerial vehicle (UUV) technology is no longer a new thing in military or civil aspects. It integrates deep submersibles, sensors, environmental effects, computer software, energy storage, conversion and propulsion, new materials, and new technologies, as well as high-tech underwater smart weapons. AUV used in defense in anti-submarine warfare, mine warfare, reconnaissance and surveillance, and logistics support.
Global autonomous underwater vehicle market size value was USD 436.74 million in 2019, which expected to reach USD 2090.02 million by 2027, growing at a CAGR of 18.33 % during 2020–2027. The key factors are the growing demand for the autonomous underwater vehicle for archeology and exploration purposes. Further, the surge in demand for the autonomous underwater vehicle for reliable security measures at maritime borders will propel the growth of the market. Additionally, the rise in the applications for the autonomous underwater vehicle for surveillance, ocean floor mapping, and inspection is estimated to drive the global autonomous underwater vehicle industry. Furthermore, the growing number of research activities in the oil & gas industry, along with the rising government spending for seawater monitoring to maintain aquatic life balance, will foster the autonomous underwater vehicle market.
Moreover, the increasing adoption of robotics autonomous underwater vehicles in defense and security applications will positively impact the autonomous underwater vehicle market. Also, the upsurge in the applications of AUVs in the oil & gas industry, such as pipeline inspections, platform inspections, bathymetric surveys, and search and rescue operations, will promulgate the demand of autonomous underwater vehicle in the future periods. Additionally, the surge in the demand of AUVs in various military applications such as anti-submarine warfare, oceanography, payload delivery, and mine counter will boom the market growth. The growing usage of AUVs for scientists & researchers in habitat & oceanography studies will garner the growth of the autonomous underwater vehicle industry.
The AUV application is divided into observation type and working underwater robot. These are generally equipped with manipulators, which are used for underwater operations such as rescue in the sea, salvage, cable laying, operation, and maintenance of offshore oil and other production systems. The main functions of AUV are submarine observation of submarine topography, landform, operation status, etc., determination of relevant parameters, disassembly and assembly of bolts, and opening and closing of valves in underwater operations.
The autonomous underwater vehicle (AUV) is an important equipment for exploring the ocean, and have great potential in ocean observation, exploration, and underwater extreme environment operations. At present, most of the AUVs carry heavy hydraulic rigid mechanical arms and grippers, which have great shortcomings in underwater biological sampling, archaeological testing, and salvage of precious products. The new concepts, such as the Internet, Internet of Things, cloud computing, big data, deep learning, transfer learning, edge computing, autonomous computing will enable intelligent AUVs to appear in various forms, such as sea-land-air integration, full-sea depth, ultra-long-range, ultra-long-range high speed, nuclear power, cross-media, cluster operation, etc.
Based on type, the global autonomous underwater vehicle market classified Shallow AUVs, Medium AUVs, and Large AUVs. The Large AUVs segment held maximum market share in the global autonomous underwater vehicle in 2019. It is attributable to its ability to operate at a great depth, such as more than 1000m is useful military & defense and oil & gas exploration applications.
Shallow AUVs will grow at a lucrative rate in the forecast period. It is owing to its demand in the application of observations of water column properties and benthic zones.
Based on technology, the global autonomous underwater vehicle market segregated into navigation, imaging, collision avoidance, communication, and propulsion. The imaging segment accounted for a higher revenue share in 2019 and projected to dominate the autonomous underwater vehicle market by 2027. The growth can be attributed to imaging systems is capable of capturing pictures of the seabed and surrounding areas, and it is suitable for habitat research, fishery study, oceanography, and archeology & exploration applications.
The navigation will grow with a lucrative growth rate in the forecast period. It is due to navigation systems that are used for achieving an accurate underwater mission completion.
Based on payload type, the global autonomous underwater vehicle market classified into Cameras, Sensors, Synthetic Aperture Sonars, Echo Sounders, Acoustic Doppler Current Profilers, and Others. The sensors segment will hold higher market potential by 2027 in the global autonomous underwater vehicle market. It is owing to sensors is useful for scanning, detecting, mapping, and remote sensing application.
The camera segment held a significant market share in 2019. It is due to the growing demand for the camera for the collection of high-resolution color images that allow identification of animals to the species level and visual records of significant seafloor features.
Based on application, the global autonomous underwater vehicle market categorized into military & defense, oil & gas, environmental protection and monitoring, oceanography, archeology, and exploration, search and salvage operations. The archeology and exploration segment will garner the highest CAGR by 2027 in the global autonomous underwater vehicle market. The growth can be attributed to AUVs used for the extraction of minerals such as cobalt, zinc, and magnesium. Further, these minerals are used in the fabrication of smartphones, laptops, and hybrid cars, among others.
The oceanography segment will grow at a profitable rate in the forecast period. It is owing to AUV used in the oceanography for map obstructions, rock formations, and submerged wrecks for usage in security applications.
Based on geography, the global autonomous underwater vehicle market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia-Pacific is slated to account for a significant share by 2027 in the autonomous underwater vehicle market. The growth in the region can be attributed to the presence of major players especially in the China-South Korea, and India coupled with the growing usages of AUVs in the various end-users such as military & defense, oil & gas, environmental protection and monitoring, oceanography, archeology, and exploration, etc.
North America is projected to provide significant growth opportunities due to the growing application of autonomous underwater vehicles in the oil and gas industry, and the ocean research & defense sector.
Companies such as Kongsberg Maritime, Teledyne Marine, Bluefin Robotics, ECA GROUP, Saab AB, Lockheed Martin Corporation, Fugro, ATLAS ELEKTRONIK GmbH, Boston Engineering Corporation, International Submarine Engineering, Graal Tech, BAE Systems, Boeing, L3Harris OceanServer, and Hydromea SA are the key players in the global autonomous underwater vehicle market.
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