Latest
industry research report on: Global Automatic Underwater Vehicle
(AUV) Market | Industry Size, Share, Research, Reviews, Analysis,
Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Rise in offshore drilling
activities, Increasing demand for Life-of-field Inspections,
Technological Advancements, Cost Effective Inspection System, Rising
mechanical configuration of AUV’s, High adoption rate of Automatic
Underwater Vehicle
(AUV)s
across application areas in defence & scientific research and
offshore oil & gas explorations, are the basic reasons behind
increased demands for the Automatic Underwater Vehicle (AUV).
Latin America and Africa are
expected to experience the highest growth owing to deepwater oil &
gas activities in pre-salt areas, Europe will have high growth with
North Sea and Norwegian Sea being the major subsea pipeline
inspection equipment's market. Demand in Asia will be diverse with
deepwater expenditure in India, Indonesia and Malaysia; research
activities in Japan, and military investment in China. 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 2015.
There
has been the growing need for scientific research applications being
addressed for oceanography and environmental protection &
monitoring, high adoption rate of AUVs across application areas in
defence & scientific research and offshore oil & gas
explorations; and increasing defence spending has led to increase in
demand for AUV. But stringent government regulations regarding oil &
gas leaks, Higher Installation Cost, water contamination,
environmental & public health is one of the biggest restraints
faced by this industry. The level of spending in the
government-to-government investments into the defence, scientific
research and oil and gas sectors has driven the market.
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Global Automatic Underwater Vehicle (AUV) Market is forecasted to
grow at a CAGR of 15.5% during 2016 – 2021F, on account of rising
demand in the oil and gas energy along with significant
government-to-government investments into the defence, scientific
research and oil and gas sectors. Growing energy needs, emerging
economies, high adoption rate of AUVs across application areas in
defence & scientific research and offshore oil & gas
explorations and increasing defence spending provide the ample growth
opportunites for the AUV market to thrive.
The market in developed regions is matured and is witnessing
consistent growth except for North America while the developing
regions are expected to witness high growth in the Automatic
Underwater Vehicle (AUV) Market especially in Africa & Asia
Pacific.
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According to Azoth Analytics
research report, “Global Automatic Underwater Vehicle (AUV) Market:
Trends, Opportunities and Forecasts (2016-2021) - (By Value – UUVs,
ROVs, AUVs; AUV Market By Region – North America, Europe, Latin
America, Asia Pacific, Middle East & Africa; Key Players;
Recommendations)”, Global Automatic Underwater Vehicle (AUV) Market
is projected to exhibit a CAGR of over ~15.49% during 2016 - 2021.
Few of the leading companies operating in Automatic Underwater
Vehicle (AUV) Market are Kongsberg Gruppen ASA, Teledyne Technologies
Inc., Subsea, FUGRO.
Scope of the Report
The report provides coverage
by Value:
Underwater Unmanned Vehicle
(UUV)
Remotely Operated Vehicles
(ROV)
Automatic Underwater
Vehicle (AUV)
The report provides coverage
of AUV Market by Region:
North America
Europe
Latin America
Asia Pacific
Middle East & Africa
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