Accomplishment of maximum return on investment (ROI) is one of the most wannabe goals for any industry which can be achieved with the finest market research report. This Offshore AUV market report handles market research of the Machinery Equipment and Devices industry by considering several parameters that are involved in the business growth. The global Offshore AUV report estimates CAGR values for the historic year 2019, the base year 2019 and for the forecast period between the years 2019-2024.
The worldwide market for Offshore AUV is expected to grow at a CAGR of roughly 15.7% over the next five years, will reach 83 million US$ in 2024, from 40 million US$ in 2019, according to a new RFM (ResearchforMarkets) study.
Currently, the Defense market makes up approximately 58% of AUV sales. The Scientific Research market makes up approximately 14% of the AUV market. The Commercial market makes up approximately 28% of AUV sales. Defense and scientific research markets are expected to make up more than 64% of projected sales through 2023. AUVs will be increasingly used in the Commercial market, primarily because of the cost of using ROVs. The increased functionality in AUVs and the demand for floating production systems and remote fields also are drivers for adopting AUVs.
Market Segment by Companies, this report covers
- Kongsberg Maritime
- Kongsberg Digital
- Kongsberg Satellite Services
- Kongsberg Drilling Management Solutions
- Bluefin Robotics
- ATLAS ELEKTRONIK GmbH
- ATLAS ELEKTRONIK UK
- ISE Holdings
- L3 OceanServer
- Teledyne Marine Vehicles
- Saab Defense and Security USA
- Tianjin Airlines Company Ltd.
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The market for large AUVs is expected to grow at a high rate between 2018 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. The AUVs intended for exploration activities in deep waters are specifically used for deep water mapping and surveying applications, including pipe surveys for the oil & gas sector. There is a growing demand for new energy sources worldwide, which can be met with the help of large AUVs as this type of AUVs can reach great depths underwater.
North America held the largest share of the autonomous underwater vehicle market in 2017. The increasing adoption of AUVs for military & defense applications in the US is driving the growth of the AUV market in North America. However, among all regions, the AUV market in APAC is expected to grow at the highest rate between 2018 and 2023. The rising need for energy, along with the high GDP growth rate, in developing countries in APAC, such as China and India, is creating huge opportunities for manufacturers of AUVs in this region.
Market Segment by Type, covers
- Shallow AUV (depth up to 100 m)
- Medium AUVs (depth up to 1000 m)
- Large AUVs (depth more than 1000 m)
Market Segment by Applications, can be divided into
- Scientific Research
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Table of Content
1 Offshore AUV Market Overview
2 Manufacturers Profiles
3 Global Offshore AUV Market Competition, by Players
4 Global Offshore AUV Market Size by Regions
5 North America Offshore AUV Revenue by Countries
6 Europe Offshore AUV Revenue by Countries
7 Asia-Pacific Offshore AUV Revenue by Countries
8 South America Offshore AUV Revenue by Countries
9 Middle East and Africa Revenue Offshore AUV by Countries
10 Global Offshore AUV Market Segment by Type
11 Global Offshore AUV Market Segment by Application
12 Global Offshore AUV Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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