The global autonomous underwater vehicle market size is expected to reach USD 3.22 Billion by 2028 according to a new study by Polaris Market Research. The report “Autonomous Underwater Vehicle (AUV) Market Share, Size, Trends, Industry Analysis Report By Technology (Collision avoidance, Navigation, Communication, Imagery, Propulsion); By AUV Type (Shallow, Medium, Large); By Payload (Sensors, Cameras, Synthetic Aperture Sonars, Echo Sounders, Acoustic Doppler Current Profilers, Others); By Application (Army & defense, Petroleum & gas, Environmental security & tracking, Oceanography, Archeology & exploration, Search & rescue activities); By Regions – Segment Forecast, 2021 – 2028”gives a detailed insight into current market dynamics and provides analysis on future market growth.
Autonomous underwater vehicles or AUVs can also be used to track illegal trafficking in human beings and drugs alongside the smuggling of products and equipment. Autonomous underwater vehicles are helpful for a broad spectrum of tasks such as shipwrecks, rock formations mapping, and other obstacles that could be hazardous to recreational and commercial navigation ships. Autonomous underwater vehicles are fitted with state-of – the-art sensor systems, such as sonar systems and oceanographic sensors, which, instead of operator interference, can finish the entire task.
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In addition, fast development in fish farming is also paving the way for the AUV market to grow as these vehicles can provide an inexpensive and safe platform for aqua farmers to monitor water quality parameters such as temperature, turbidity, and conductivity and observe fish conduct during aquaculture feeding procedures.
The growth of the AUV industry is hampered by the high capital investment and the difficulties in the establishment of connections at deep water levels. This hinders the vehicles in transmitting or sending data and other relevant information above sea level. Although sales volumes are rising, the use of vehicles that hinder the AUV sector is regulated by several government organizations.
Furthermore, in autonomous vehicles, the automotive manufacturers and their technology partners are engaged in the development of AI-driven systems to enable autonomous underwater vehicle. These systems integrate a broad range of AI-enabled technologies, including NLP and neural networks. These technologies offer several features that increase the understanding of underwater vehicles, enabling the safe drive with or without driver on board.
Autonomous underwater vehicle manufacturers are found to adopt primarily three kinds of approaches, namely acquisitions, collaborations and product launches, to create distinctive brand value and enrich their global market shares. Manufacturers of autonomous underwater vehicles are installing state-of-the-art sensor systems like Sonar. Atlas Elektronik GmbH, Bluefin Robotics, Saab Group, Lockheed Martin Corporation, Boston Engineering Corporation, Oceanserver Technology, International Submarine Engineering (ISE) Ltd., Kongsberg Groups, Teledyne Technologies, Eca Group, Graal, Inc., and Fugro are major players working in the AUV market. The increasing rivalry among AUV players to maintain their position by providing innovative and unique technology-based cars is progressively making them invest in multiple R&D operations and helping to eliminate the disadvantages provided by current vehicles.
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Autonomous Underwater Vehicle Technology Outlook (Revenue, USD Million, 2017 – 2028)
- Collision avoidance
- Navigation
- Communication
- Imagery
- Propulsion
Autonomous Underwater Vehicle Type Outlook (Revenue, USD Million, 2017 – 2028)
- Shallow AUV
- Medium AUV
- Large AUV
Autonomous Underwater Vehicle Payload Outlook (Revenue, USD Million, 2017 – 2028)
- Sensors
- Cameras
- Synthetic Aperture Sonars
- Echo Sounders
- Acoustic Doppler Current Profilers
- Others
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The global autonomous tractor market was valued at USD 507.61 million in 2018 and is projected to grow at a CAGR of 35.0% during the forecast period (2019-2024).The drivers identified in the market are increase in efficiency and farm productivity, increase in labour costs and better management of farm activities.The restraints identified in the market are huge capital investment, lack of awareness among farmers and unanticipated risks in a growing market.Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/3583428Scope of the ReportThe autonomous tractor is mainly referred to as the driverless tractor which uses several components like GPS, sensors, laser diodes and other devices for all the agricultural tasks.
They are either fully automated or semi-automated whereby the tractor is managed using a remote control from a distance.Key Market TrendsIncrease in Labour Costs is driving the marketThe cost of farm labor has a direct relationship with the percentage of the total population of a country employed in agriculture, considering simple demand-supply economics.
On an average, developing economies have larger percentages of population dependent on agriculture.
Farmers are increasingly adopting agricultural mechanization as a substitute to manual labor with a more cost-effective, easily available and more efficient means of agricultural operation.They are shifting towards autonomous tractors to save time and resources which in turn is increasing the farm productivity and per acre yield of crops.Asia Pacific is the fastest growing marketThe global autonomous tractor market is segmented by geography into North America,Europe, Asia Pacific,South America and Africa.
Asia Pacific is considered as the fastest growing market because the companies located in Asia Pacific are launching new autonomous tractors in the market and thereby dominating the market with faster innovations and product launches.Competitive LandscapeIn the global autonomous tractor market, companies are not only competing based on equipment quality and promotion, but are also focused on strategic moves, in order to hold larger market shares.
Since, the inception of the market is very recent, it is considered to be a consolidated market with a few players holding the majority of the shares in the market.Reasons to Purchase this report:- The market estimate (ME) sheet in Excel format- Report customization as per the client's requirements- 3 months of analyst supportBrowse the full report @ https://www.orbisresearch.com/reports/index/global-autonomous-tractors-market-growth-trends-and-forecast-2019-2024Table of Contents1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Overview4.2 Market Drivers4.3 Market Restraints4.4 Porter's Five Force Analysis4.4.1 Bargaining Power of Suppliers4.4.2 Bargaining Power of Buyers/Consumers4.4.3 Threat of New Entrants4.4.4 Threat of Substitute Products4.4.5 Competitive Rivalry5 MARKET SEGMENTATION5.1 Horse Power5.1.1 Upto 30 HP5.1.2 31 HP to 100 HP5.1.3 Above 100 HP5.2 Automation5.2.1 Fully Automated5.2.2 Semi-Automated5.3 Geography5.3.1 North America5.3.1.1 United States5.3.1.2 Canada5.3.1.3 Rest of North America5.3.2 Europe5.3.2.1 Germany5.3.2.2 UK5.3.2.3 Spain5.3.2.4 France5.3.2.5 Russia5.3.2.6 Rest of Europe5.3.3 Asia Pacific5.3.3.1 India5.3.3.2 China5.3.3.3 Japan5.3.3.4 Australia5.3.3.5 Rest of Asia Pacific5.3.4 South America5.3.4.1 Brazil5.3.4.2 Argentina5.3.4.3 Rest of South America5.3.5 Africa5.3.5.1 South Africa5.3.5.2 Rest of Africa6 COMPETITIVE LANDSCAPE6.1 Most Adopted Competitor Strategies6.2 Market Share Analysis6.3 Company Profiles6.3.1 AGCO6.3.2 John Deere6.3.3 Mahindra and Mahindra Ltd6.3.4 Autonomous Tractor Corporation6.3.5 CNH Industrial6.3.6 Kubota Corporation6.3.7 Dutch Power Company6.3.8 Yanmar Co., Ltd.6.3.9 Trimble Inc.6.3.10 Kinze Manufacturing, Inc.7 MARKET OPPORTUNITIES AND FUTURE TRENDSDirect purchase the report @ https://www.orbisresearch.com/contact/purchase-single-user/3583428About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
ReportCrux Market Research has published a new report titled “Autonomous Vehicle Market by Component (Hardware, Software, and Services); by Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5); by Type (Conventional, Hybrid Vehicle, and Electric Vehicle); by Application (Transportation [Industrial, and Commercial], and Defense); and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.
Autonomous Vehicle Market SizeAccording to the report, global demand for autonomous vehicle market was valued at approximately USD 13.62 Billion in 2019 and is expected to generate revenue of around USD 142.41 Billion by end of 2027, growing at a CAGR of around 34.1% between 2020 and 2027.Market Overview:Autonomous vehicle or self-driving car or driverless car is a modern car design capable of sensing and reading the environment, and working without human intervention.
All prototypes are currently being tested in various automobile companies, universities research centers.
Other benefits like decreased risk of collisions, improved protection, and increased road ability are contributing significantly to these vehicles since its introduction in the market.Growing safety concerns and advances in automotive technology have led the governments of countries like Germany, U.S., China, and Japan to accept and penetrate autonomous vehicles, among others.
Compared with other segments, its contribution will be the largest.Level of automation type segment accounted for almost 70% share of the Autonomous Vehicle Market in 2019Based on level of automation, the market is categorized into Level 2 & 3, Level 4, Level 1, and Level 5.
The lack of electric vehicle infrastructure in developing countries also supports demand for the ICE vehicles market.
Market Research Future (MRFR) study on the “Global Autonomous Vehicle ECU Market” is an in-depth evaluation that provides a comprehensive overview of the industry.
The study covers the COVID-19 overview of the global autonomous vehicle ECU market and offers a thorough explanation of market segments, current trends, growth forecasts, and market challenges from 2018 to 2023 (forecast period) to identify growth opportunities.The electronic control unit (ECU) is an integrated system that controls the vehicular automated functions related to engines, infotainment systems, and advanced driver assistance systems (ADAS) using sensors and components.
Autonomous vehicle ECU is used to track lane departures and prevent collisions, which increases vehicle safety.
Autonomous vehicle ECU is the most demanding owing to higher computing performance, increased connectivity, and improved safety and security.Market Dynamics The factors propelling the growth of the autonomous vehicle ECU market are strict government regulations relating to safety, increased demand for advanced driver assisted systems in vehicles, increased sales of vehicles, and others.
Vehicle manufacturers are developing new technologies to improve the vehicle safety system and the intelligent transport system (ITS) around the globe due to increased accidents.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6286Key Players The key players in the autonomous vehicle ECU market are Continental AG (Germany), Hitachi, Ltd. (Japan), NXP Semiconductors N.V. (Netherlands), Intel Corporation (U.S.), Nvidia Corporation (U.S.), and Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), Bosch (Germany), and Autoliv Inc. (Sweden) are among others.Market SegmentationThe global market for autonomous vehicle ECU has been segmented based on application and vehicle type.Based on the application, the global autonomous vehicle ECU market has been segmented into autonomous vehicles and semi-autonomous vehicles.
Based on vehicle type, the global autonomous vehicle ECU market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle.Regional AnalysisBased on the region, the global autonomous vehicle ECU market has been segmented based on North America, Asia Pacific, Europe, and the Rest of the World.The North American region is expected to lead the market in the future due to increased demand for advanced safety, convenience, and comfort systems in countries like the U.S. and Canada.
