Autonomous Underwater Vehicles Market is Projected to Reach US$ 596.7 Mn by the End 2027 - Persistence Market Research

NEW YORK, April 29, 2019 /PRNewswire/ -- Persistence Market Research's new market research report titled "Autonomous Underwater Vehicle Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2027," throws light on the autonomous underwater vehicle (AUV) market and offers a deep-dive analysis for the next 9 years.

The autonomous underwater vehicle market is expected to be valued at US$ 371.3 Mn in 2019. During the course of the forecast period, the market is expected to register a CAGR of over 6%.

Aquaculture & Maritime Applications Deploy Maximum Autonomous Underwater Vehicles   

Autonomous underwater vehicles are generally used in aquaculture systems for a variety of underwater tasks such as tank water monitoring in fish farming. Aquaculture production has been increasing rapidly, making fish farming one of the fastest growing industrial sectors across the world. This has been significantly contributing to the growth of the global autonomous underwater vehicle market.

Moreover, autonomous underwater vehicles are also used for the monitoring of sea water quality in order to maintain sea water quality. For this, government bodies such as the US Environment Protection Agency (EPA) have implemented regulations on the use of sea water quality, which in turn is expected to fillip the demand for autonomous underwater vehicles over the forecast period.

Get PDF Brochure for Research Insights at: https://www.persistencemarketresearch.com/samples/19330

Numerous, if not all, ocean-based or maritime industries depend on autonomous underwater vehicles for the setting up or expansion of the respective industry. Maritime industries are expected to experience significant growth in the coming decade, owing to global economic development and increasing demand.

Industries such as shipping, shipbuilding, coastal aquaculture, fishing, offshore oil & gas, offshore wind, maritime tourism tidal and wave energy are projected to witness robust growth over the projected period, which in turn is expected to boost the demand for autonomous underwater vehicles in the coming years.

Request a TOC of Report: https://www.persistencemarketresearch.com/methodology/19330

Strong Resurgence of Oil & Gas Industry to Benefit Autonomous Underwater Vehicles Market

Increasing offshore oil & gas exploration activities are expected to create robust demand for autonomous underwater vehicles. Autonomous underwater vehicles play an important role in offshore oil & gas exploration activities as they provide surveying, dredging, installation and maintenance support. With more than half the offshore oil & gas potential yet to be explored, and growing investments in the industry, the autonomous underwater vehicle market is expected to witness significant demand in the coming years.

Autonomous underwater vehicles are deployed for a limited number of operations, on account of technological uncertainties and subsequent risks as water rapidly absorbs electromagnetic radiation waves, making communication systems ineffective and inefficacious. In addition, aquatic environments also create challenges for autonomous underwater vehicles. These factors collectively affect the overall sales of autonomous underwater vehicles.

Request For Full Report Access: https://www.persistencemarketresearch.com/checkout/19330

Increasing number of research studies pertaining to ocean exploration and sampling as well as substantial growth of the oil & gas industry and scientific research organizations are expected to create a significant opportunity for autonomous underwater vehicles during the forecast period.

Autonomous Underwater Vehicle Market: Key Companies

Some of the key players involved in the autonomous underwater vehicle market included in this study are General Dynamics Corp., Teledyne Gavia ehf, Kongsberg Maritime AS, Saab AB, Atlas Elektronik GMBH, ECA Robotics SAS, Fugro N.V., L3 OceanServer, Hydromea SA, and International Submarine Engineering Ltd.

Browse Research Release at @ https://www.persistencemarketresearch.com/market-research/autonomous-underwater-vehicles-market.asp

Browse More: Automotive Research Reports

Popular Research Reports by PMR:

• Global Market Study on Electric Cargo Bikes: Increasing Usage for Recreational Activities and Intra-City Parcel Delivery to Drive Growth
• Global Market Study on Automotive Shock Absorbers: Monotube Shock Absorber to Find Extensive Usage in all Vehicle Types
• Global Market Study on Motorcycles: Standard Scooters to Remain Largest Product Type Through 2026

Persistence Market Research Overview

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact:
Abhishek Budholiya
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Web Site: https://www.persistencemarketresearch.com
Email: sales@persistencemarketresearch.com

Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research.jpg