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Autonomous Underwater Vehicles Market Expected to Account for US$ 445 million by 2022

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Autonomous Underwater Vehicles Market Expected to Account for US$ 445 million by 2022
Autonomous Underwater Vehicles Market is anticipated to push past US$ 445 million by end 2022
For several years now, the autonomous underwater vehicle has been the undisputed champion in the
case of niche underwater applications. However, the growing acceptance of these multi-purpose
vehicles has now turned them into the de-facto choice for the subsea community. The last decade
has seen the autonomous underwater vehicle market come into its own with AUV’s being chosen
for most deep-water surveys. The scientific community has also opted for autonomous underwater
vehicles for both deep exploration as well as work in shallow waters. New applications have
surfaced in the autonomous underwater vehicle market as these vehicles are critical in search &
rescue missions, salvage operations, and in archaeology. The autonomous underwater vehicle
market is projected to record a robust CAGR of 6.1% from 2017 to 2022.
Read Report Overview @ https://www.persistencemarketresearch.com/marketresearch/autonomous-underwater-vehicles-market.asp
The oil & gas segment has a revenue share of one-sixth in the autonomous underwater vehicle
market by end user and is anticipated to lose market share. The oil & gas autonomous vehicle
segment is estimated to have a value of approx. US$ 65 million at the end of the forecast period.
The military & defense segment is considerably larger by comparison. Political disputes, territorial
claims, and small skirmishes may well push countries into war which is why they are investing
heavily in their defense preparedness and military budgets. Autonomous underwater vehicles
perfectly complement their warships prowling the high seas. North America stands out as the region
that should account for more than a third of the military & defense segment of the autonomous
underwater vehicle market at the end of 2017
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In the age of global warming, environmental protection and monitoring is the need of the hour,
especially for low-lying, coastal nations that will bear the brunt of rise in water levels. An absolute
dollar opportunity of over US$ 24 million makes the environmental protection and monitoring
segment of the autonomous underwater vehicle market very critical indeed. Furthermore, this
segment is on track to gain share going forward. After North America, Europe has a strong focus on
environmental protection and monitoring
It is often said that we have a better grasp of the surfaces of other planets than that of our own ocean
floors. Therefore, oceanography has gained prominence recently. Oceanography has double-digit
revenue share in the autonomous underwater vehicle market by end use segment and is poised to
gain marginal share in the forecast period. The oceanography segment may well witness a robust
CAGR of more than 6% for the five-year period and companies would do well to take this inot
account
Download and View Report TOC, Figures and Tables @
https://www.persistencemarketresearch.com/market-research/autonomous-underwater-vehiclesmarket/toc
True to its size, the large AUV segment has the largest contribution in the autonomous underwater
vehicle market and should remain so for the foreseeable future. The North America large AUV
segment is assessed to have a value of roughly US$ 38 million in 2017 alone
View Report Table of Contents, Figures, and Tables
The companies profiled in the autonomous underwater vehicle market report are International
Submarine Engineering Ltd, Hydromea SA, L3 OceanServer, ECA Robotics SAS, Atlas Elektronik
GMBH, Saab AB, Kongsberg Maritime AS, Teledyne Gavia ehf, and General Dynamics
Corporation
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