DUBLIN--(BUSINESS WIRE)--The "Global Autonomous Underwater Vehicles Market (2021-2026) by Type, Technology, Payload Type, Application, Shape and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Autonomous Underwater Vehicles Market is estimated to be USD 1.57 Bn in 2021 and is expected to reach USD 3.71 Bn by 2026, growing at a CAGR of 18.75%.

The Global Autonomous Underwater Vehicles Market is expected to increase due to the high acceptance of AUVs for surveillance, ocean floor mapping, and inspection. Autonomous underwater vehicles can also be helpful to track illegal human and drug trafficking along with goods and materials smuggling.

Moreover, these vehicles can also be used to investigate air crashes and ship wreckage. Factors such as rising demand in the defense sector, increasing use of AUVs for deep-sea field development and seabed mapping, increasing use in intelligence, surveillance, and coastal protection, and raising capital expenditure in the offshore industry are some of the driving factors of the market.

However, lack of high-level security and high cost of maintenance are some of the factors that may hinder the market growth.

The Global Autonomous Underwater Vehicles Market is segmented by Type, Technology, Payload Type, Application, Shape & Geography.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Autonomous Underwater Vehicles Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Rising Demand in Defense Sector
• Increasing Use of AUVs for Deep Sea Field Development and Seabed Mapping
• Increasing Use in Intelligence, Surveillance, and Coastal Protection
• Increasing Capital Expenditure in the Offshore Industry

Restraints

• Expensive & High Cost of Maintenance

Opportunities

• Rapid Technological Advancements in AUVs
• Growing Adoption of Mobile Technology, Cloud Computing, and Web-Based Applications

Challenges

• Rising Operational Issues
• Lack of High-Levels Security

Companies Mentioned

• Kongsberg Maritime
• Teledyne Marine
• Bluefin Robotics
• ECA Group
• Saab AB
• Lockheed Martin Corporation
• Fugro
• Atlas Elektronik GmbH
• Boston Engineering Corporation
• International Submarine Engineering Ltd.
• Graal Tech S.r.l
• Boeing Company
• L3 Harris Technologies Inc.
• Hydromea SA
• BAE System PLC
• Deep Trekker Inc.
• General Dynamics Corporation
• Rovotics
• RTSYS

For more information about this report visit https://www.researchandmarkets.com/r/8wwanz

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