Product ID: UCMIG20A2069
Autonomous Underwater Vehicle Market Size, Share, Growth Analysis, By Type(Small AUVs (Depth up to 100 meters), Medium AUVs (Depth up to 1), By Application(Scientific Research, Defense), By Propulsion System(Electric System, Mechanical System), By Payload(Camera, Sensors), By Regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20A2069 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Autonomous Underwater Vehicle Market Insights
Market Overview:
In 2020, the global market size for autonomous underwater vehicles was USD 1.16 billion. Due to the COVID-19 pandemic, the demand for underwater vehicles decreased in all regions, resulting in a significant -8.23% decline compared to the average growth rate during 2017-2019. However, the market is expected to recover and grow from USD 1.33 billion in 2021 to USD 4.17 billion by 2028 at a CAGR of 17.80% in the 2021-2028 period, attributed to the market's demand and growth returning to pre-pandemic levels once the pandemic is over.
Autonomous Underwater Vehicle Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Autonomous Underwater Vehicle Market Report Snapshots
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