Global Autonomous Marine Vehicles Market Overview And Prospects

December 2, 2021 by The Business Research Company

Learn about the global autonomous marine vehicles market through The Business Research Company, which provides information on autonomous marine vehicles market size, autonomous marine vehicles market drivers and restraints, autonomous marine vehicles market players, the COVID-19 impact on the autonomous marine vehicles market, and more.

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The global autonomous marine vehicles market is expected to grow from $3.18 billion in 2020 to $3.43 billion in 2021 at a compound annual growth rate (CAGR) of 7.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The autonomous marine vehicles market is expected to reach $5.1 billion in 2025 at a CAGR of 10.4%.

Rise in hydrographic, oceanographic and environmental surveys conducted globally are expected to drive innovation in autonomous marine vehicles manufacturing, thus driving the market during the forecast period.

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The autonomous marine vehicles market consists of sales of autonomous marine vehicles. Autonomous marine vehicles are robotic equipment that travel below or on the surface of water, without requiring input from a human operator. The autonomous marine vehicles market is segmented into autonomous surface vehicles (which travel on the surface of the water) and autonomous underwater vehicles (which travel below the surface of the water). Autonomous marine vehicles are used for various purposes such as recording oceanographic data, imaging, navigation, communication, collision avoidance and propulsion.

Global autonomous marine vehicle market segments include:

By Type: Surface Vehicle, Underwater Vehicle

By Application: Military & Defence, Archaeological, Exploration, Oil & Gas, Environmental Protection And Monitoring, Search And Salvage Operations, Oceanography

By Technology: Imaging, Navigation, Communication, Collision Avoidance, Propulsion

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Maritime drone swarming for better surveillance and investigation capabilities is an emerging trend in the autonomous marine vehicles market. Maritime drone swarms are a large group of underwater vehicles moving together for a particular purpose. The drone swarm has a wide range of capabilities in defence applications, since it is capable of performing surveillance and investigation tasks followed by defensive or offensive countermeasures. As the swarm works collectively to navigate through the underwater environment, it senses a wider area in a quick time by making use of a number of sensing techniques to build a comprehensive map of the environment.

TBRC’s autonomous marine vehicles market report covers:

Major Market Players: Asv Global/ASV Unmanned Marine Systems, Atlas Elektronik, Teledyne Technologies, ECA Group, Sea Robotics Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Autonomous Marine Vehicles Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides autonomous marine vehicles market overviews, analyzes and forecasts market size, share, autonomous marine vehicles market players, autonomous marine vehicles market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s autonomous marine vehicles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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