PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1340436
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1340436
According to SPER Market Research, 'Autonomous Underwater Vehicle (AUV) Market Size- By Type, By Shape, By Technology, By Propulsion System, By Payload Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Autonomous Underwater Vehicle (AUV) Market is predicted to reach USD 13.59 billion by 2033 with a CAGR of 22.63%.
An unmanned underwater vehicle that functions independently and is propelled by propulsion systems is known as an autonomous underwater vehicle. It can be used for commercial as well as military purposes. It has evolved into a perfect technology for collecting enormous volumes of data for marine mapping and seabed photography. Underwater vehicles in several nations carry out the principal hydrographic duty because to cost-effective technology, high precision, ultra-deep-sea capabilities, and multiple sensors for data collecting.
The COVID-19 epidemic has a wide-ranging influence on the Global Autonomous Underwater Vehicle (AUV) industry. The disruption of research and development activities for new AUV technology slowed product release. Economic troubles caused by the pandemic may have led in defence budget cuts, which might have an impact on AUV purchase for monitoring reasons.