DUBLIN, Nov. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hhqcx9/autonomous) has announced the addition of the "Autonomous Underwater Vehicles (AUV) Market by Type (Shallow, Medium, Large), Application (Commercial, Scientific Research, Defense) & Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020" report to their offering.
The global autonomous underwater vehicles market is estimated to grow at a CAGR of 13.42% and reach USD 343.4 Million by 2020
AUV have been evolving over the years with improved design, significant operating ranges and tenure, and enhanced data processing capabilities. Various applications of autonomous underwater vehicles not only help save cost and time of operation but also mitigate the risk of humans involved in these operations.
The key sectors for the application of AUV in the report are commercial, scientific, and defense. Among all, the defense application is expected to hold the largest share of the market accounting for 49% in 2014. It is projected that the autonomous underwater vehicles market in the commercial sector will grow at the highest CAGR of 17.36% from 2015-2020.
The report also segments the autonomous underwater vehicles market based on geography into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2014, North America had the largest market size of USD 102.6 million. The market in APAC is expected to grow rapidly at a CAGR of 14.63% during the forecasted period.
The report includes the market dynamics such as drivers, restraints, and opportunities. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type, along with the Porter's Five Forces analysis and the value chain analysis. The major drivers identified for the AUVs market are the rising importance of AUVs in defense, maritime security, and research; growing energy needs; and rising investments in offshore oil & gas drilling. However, stringent government regulation, high initial cost, and investment in research and development are key factors that are restraining the growth of the AUV market.
The key players in AUV market include Kongsberg Maritime (Norway), Teledyne Technologies (U.S.), Bluefin Robotics Corporation (U.S.), Saab AB (Sweden), ECA SA (France), Ocean Server Technology, Inc. (U.S.), and others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 AUV Market, By Type
8 AUV Market, By Application
9 AUV Market, By Geography
10 Competitive Landscape
11 Company Profiles
- Atlas Elekronik Gmbh
- Bluefin Robotics Corporation
- Boston Engineering
- ECA SA
- Fugro N.V.
- International Submarine Engineering, Ltd.
- Kongsberg Maritime
- Oceanserver Technology, Inc.
- SAAB Group
- Teledyne Technologies Inc
For more information visit http://www.researchandmarkets.com/research/hhqcx9/autonomous
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets