Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Autonomous underwater vehicles are useful for various applications such as locating shipwrecks, mapping rock formations, and removing obstacles that could be detrimental to recreational and commercial navigation vessels. Autonomous underwater vehicles are equipped with cutting-edge sensor technologies, such as sonar systems and oceanographic sensors that allow them to execute missions without the need for human interaction. These autonomous underwater vehicles return to their initial starting position or site after completing their mission, where the data is untangled and administered to the vessel or shipboard systems.

Increasing demand in oil and gas transportation under water is expected to drive the growth of the global autonomous underwater vehicle manufacturers market.

The autonomous underwater vehicles are manufactured in many countries such as the U.S., France, Russia, and China. They were first introduced in the oil and gas industry, named C & C Technologies. C & C Technologies, headquartered in the U.S., is known to develop the first commercial autonomous underwater vehicle (AUV) for oil and gas exploration. The government of India has also implemented initiatives to increase the demand by permitting 100% foreign direct investment (FDI) in many sectors, including natural gas and petroleum sector. The initiative to increase demand in oil and gas industry will boost the autonomous underwater vehicle demand for submarines. According to India Brand Equity Foundation, in February 2021, government of India announced to invest about 7.5 trillion INR (US$ 102.49 billion) on oil and gas infrastructure for the next five years. This is expected to increase the construction of oil and natural gas pipelines, which is expected to propel the growth of autonomous underwater vehicles market. Moreover, the manufacturers of autonomous underwater vehicles adopt various strategies such as acquisitions, collaborations, and product launches to develop unique brand value and enhance market share across the globe. For instance, HUGIN Endurance is a new AUV launched in February 2021 by Kongsberg Maritime, a Norway-based company, which provides systems for positioning, surveying, navigation, and automation to merchant vessels and offshore installations. This has features such as long-range military survey, wide-area mine detection, and features to monitor maritime check points to detect submarines. Another company named Oceaneering International, Inc., a subsea engineering company, acquired C & C Technologies, Inc., a leading provider of ocean mapping services in deep water. This acquisition provided Oceaneering to uses the customized autonomous underwater vehicles of C & C Technologies for ocean mapping. The global autonomous underwater vehicle market is dominated by 10-12 players with the major presence of large- and medium-sized manufacturers. For instance, Kongsberg Maritime, headquartered in Norway, provides systems for positioning, surveying, navigation, and automation to merchant vessels and offshore installations.  The company follows the equilateral triangle strategy which focus equally on three sides: operations, energy systems, and handling systems. Teledyne Gavia ehf, headquartered in Iceland, delivers turnkey survey solutions for military, commercial, and scientific applications.  These are the leading companies which account for a significant share in the global autonomous underwater vehicle market. There are also some other autonomous underwater vehicle manufacturing companies such as Saab AB, ECA Robotics SAS, and Fugro N.V. which contribute to the growth of the market.

Global Autonomous Underwater Vehicle Manufacturers Market Taxonomy

On the basis of category, the global autonomous underwater vehicle manufacturers market is segmented into:

  • Medium-sized manufacturer
  • Large-sized manufacturer

On the basis of region, the global autonomous underwater vehicle manufacturers market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Major players operating in the global autonomous underwater vehicle manufacturers market are Kongsberg Maritime, Teledyne Marine, Bluefin Robotics, ECA GROUP, Saab AB, Lockheed Martin Corporation, Fugro, ATLAS ELEKTRONIK GmbH, Boston Engineering Corporation, and International Submarine Engineering


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.