The global autonomous underwater vehicles (AUVs) market size was valued at USD 1.16 billion in 2020. The market is forecast to rise from USD 1.33 billion in 2021 to USD 4.17 billion by 2028 at 17.80% CAGR during the 2021-2028 period. Fortune Business Insights™ has deep-dived into these insights in its latest research report, titled, “Autonomous Underwater Vehicles (AUVs) Market, 2021-2028.”

According to an analysis, demand for unmanned submersible vehicles will be pronounced due to rising demand from military and commercial sectors. The technology has become sought-after to boost border patrolling, oil & gas, and scientific approach portfolios. Prominently, the use of the vehicle for sea mapping and seafloor imaging will pick pace over the next few years.

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https://www.fortunebusinessinsights.com/autonomous-underwater-vehicle-market-105907

Major Players Profiled in the Market Report:

• Fugro N.V. (Netherlands)
• General Dynamics Corporation (U.S.)
• International Submarine Engineering Ltd. (Canada)
• Kongsberg Gruppen A.S.A. (Norway)
• L3Harris Technologies, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Oceaneering International Inc. (U.S.)
• SAAB AB (Sweden)
• Teledyne Technologies Inc. (U.S.)
• Boeing (U.S.)
• Others

Segments

Type, Application, Propulsion System, Payload, and Region are Studied