New York, NY 14 May 2021: The global autonomous underwater vehicle market size is expected to reach USD 2.10 Billion by 2027 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, 2020 – 2027”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.
Increasing numbers of research operations in the oil & gas industry, combined with growing public expenditure on marine water surveillance to preserve the equilibrium of aquatic life, are anticipated to drive the global AUV market over the forecast period.
The creation of an intricate seabed map ensures that petroleum and gas enterprises build pipelines and facilities is assisted by the use of autonomous underwater vehicles.
Furthermore, mapping the ocean floors by autonomous underwater vehicles makes installation of submerged floors more cost-effective without harm to the underwater environment.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/autonomous-underwater-vehicle-market/request-for-sample 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.