© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Autonomous Underwater Vehicle (AUV) Market Present Scenario and Growth Prospects from 2017 to 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The Asia Pacific AUV market will witness a high growth owing to its implementation in several regional navy applications.  High GDP growth in several countries in the region will create several growth opportunities.  Rising awareness regarding the growing security requirements in countries, such as China, India, Japan, and South Korea, has enhanced the adoption of these vehicles. Regional Analysis of Autonomous Underwater Vehicle Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Autonomous Underwater Vehicle Market :  Based on the applications, the AUV market can be segmented into military & defense, oil & gas, environmental protection & monitoring, oceanography, archeological & exploration, and search & salvage operations. The archeological & exploration segment is anticipated to grow steadily owing to the use of vehicles in underwater exploration activities, which include the extraction of minerals such as magnesium, zinc, and cobalt. These minerals are being used in the fabrication of hybrid cars, laptops, and smartphones, which are driving the AUV market growth. In addition, the vehicles are being used in oceanography applications to map obstructions, rock formations, and submerged wrecks for usage in security applications.  The AUV market can be segmented into technology, type, and applications. Based on technology, the industry is classified into collision avoidance, navigation, communication, imaging, and propulsion technologies. The navigation technology will witness a high growth over the coming years as the information, such as the location of vehicles, is necessary for safe operation and recovery. The technology is essential for achieving an accurate underwater mission completion. The navigation of AUVs is improved with the help of an underwater acoustic positioning system, which is a tracking system for underwater vehicles and divers with the help of acoustic distance measurements.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Moreover, the presence of major players, such as Atlas Elektronik GmbH, Lockheed Martin Corporation, and Saab Group in the region, is providing a strong base for the AUV market over the coming years. Major players operating in the AUV market are Atlas Elektronik GmbH, Saab Group, Bluefin Robotics, Boston Engineering Corporation, Lockheed Martin Corporation, International Submarine Engineering (ISE) Ltd., Oceanserver Technology, Teledyne Technologies, Kongsberg Gruppen, Graal, Inc., Eca Group, and Fugro.  The rising competition amongst the players in the AUV market to sustain their position by offering innovative and distinctive technology based vehicles is making them invest increasingly on various R&D activities and is helping in the elimination of the disadvantages offered by the existing vehicles. Competitive Market Share of Autonomous Underwater Vehicle Market :

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