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Offshore AUV Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2020-02-20   |   Pages: 116   |   Tables: 143   |  Report ID: 7421 |  Industry: Machinery & Equipment  |   Format : pdf word ppt excel



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The global offshore autonomous underwater vehicle (AUV) market is predicted to gain from the rising demand for large underwater robotic systems for defense and oil and gas exploration activities. Offshore AUV manufacturers are expected to partner with offshore and ocean survey companies to increase their sales growth. In October 2019, L3Harris OceanServer announced the purchase of L3Harris Technologies light class Iver3 AUV by Blue Ocean Monitoring. According to the company, Blue Ocean Monitoring will use the AUV for its global survey operations.

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High Use in Marine Geoscience Applications Likely to Boost Demand

Offshore AUV is not only used in underwater defense activities but also commercial applications such as deepwater surveying and mapping, underwater pipeline inspection and installation, and marine pipeline surveys. Increase in the number of marine geoscience studies such as seafloor mapping, submarine volcanism, and hydrothermal vents is anticipated to create opportunities for players in the global offshore AUV market. Offshore AUV is also used in the investigation of fluid-escape features and chemosynthetic ecosystems, benthic habitat mapping studies, and marine protected area monitoring and site surveys for offshore renewable installations.

Market Segments

By Product

Shallow AUV (depth up to 100 m)

Medium AUVs (depth up to 1000 m)

Large AUVs (depth more than 1000 m)

By Application

Defense

Scientific Research

Commercial

The defense application is expected to gain a substantial share of the global offshore AUV market. This could be due to increasing government focus on strengthening the naval defense, considering the rise in terrorism and cross-border military tensions. Defense and scientific research are predicted to collect a major combined share of the global offshore AUV market in future. The demand for large offshore AUV is anticipated to increase in long range patrolling applications, deepwater surveys, deep ocean search, and hydrographic exploration. Late in 2019, China revealed the HSU-001, its first large displacement AUV, according to Forbes.

By Region

world_regions  

North American countries such as the US are expected to significantly increase the demand for offshore AUV. This could be due to their extremely high defense budgets, heavy investments in national security projects, and continuous efforts to further improve their naval and other military units. India and China could help Asia Pacific to exhibit fast growth in the global offshore AUV market because of the high requirement for underwater defense technology and security systems in these countries. The need to prevent terrorist infiltration and foreign underwater military operations is anticipated to further improve the growth of the Asia Pacific offshore AUV market.

Players to Look to Win Geotechnical Site Investigation Contracts

Some of the key offshore AUV companies are Kongsberg Maritime, Tianjin Sublue, OceanServer Technology, Falmouth Scientific, Teledyne Gavia, SAAB Group, Bluefin Robotics, ECA SA, Atlas Elektronik, JAMSTEC, and ISE Ltd. Players may focus on winning geotechnical site investigation and geoconsultancy contracts from crude oil and natural gas exploration and production companies and even governments. Late in 2019, Fugro successfully performed the first geotechnical and deepwater AUV site survey for Brunei Shell Petroleum.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.

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Offshore AUV Market Report