Autonomous Underwater Vehicle Market Expanding at a CAGR of 12.43% between 2018 and 2021

in autonomousunderwater •  7 years ago 

ResearchMoz presents professional and in-depth study of "Global Autonomous Underwater Vehicle Market 2017-2021".

Autonomous underwater vehicles (AUVs) are systems that operate without a human pilot and are deployed for various underwater missions. Unlike ROVs, AUVs are robots that do not require operator input.

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The history of AUVs dates to 1957 when the first AUV Self-Propelled Underwater Research Vehicle (SPURV) was developed at the Applied Physics Laboratory of University of Washington, with funding from the US Office of Naval Research (ONR). It could operate at a maximum depth of about 11,800 feet and had a speed of 4-5 knots for almost four hours. It was powered by a combination of zinc cells and solid-state converters. The US Navy used SPURV to study submarine wakes. Since then, AUVs have evolved significantly in design and are being adopted for a variety of applications.

Technavios analysts forecast the global autonomous underwater vehicle market to grow at a CAGR of 12.43% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global autonomous underwater vehicle market for 2017-2021. To calculate the market size, the report considers the new developments and procurements of AUVs.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

View Complete TOC with tables & Figures @ https://www.researchmoz.us/global-autonomous-underwater-vehicle-market-2017-2021-report.html/toc

Technavio's report, Global Autonomous Underwater Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

General Dynamics

Kongsberg Maritime

Lockheed Martin

Saab

Thales Group

Other prominent vendors

Boeing

ECA Group

Fugro

Oceaneering International

Market driver

Technological advancements prompting development of hybrid AUVs

For a full, detailed list, view our report

Market challenge

Operational hindrances

For a full, detailed list, view our report

Market trend

Incorporation of new algorithm and metrics

For a full, detailed list, view our report

Browse Report @ https://www.researchmoz.us/global-autonomous-underwater-vehicle-market-2017-2021-report.html

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

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