HomeNews UpdatesThe Robot Report mentions MarketsandMarkets for Autonomous Underwater Vehicle Market

Therobotreport | January 23, 2018
The Robot Report mentions MarketsandMarkets for Autonomous Underwater Vehicle Market

The Robot Report recently quoted MarketsandMarkets as one of their major source of information on autonomous underwater vehicle market, giving details about the current and future market scenario.

Equipped with a number of sensors and powered by rechargeable batteries, autonomous underwater vehicles (AUV) find numerous applications in sectors like military & defense, archeological & exploration, and oil & gas, among others. The global market for autonomous underwater vehicles has been experiencing a strong growth over the past few years, with the market value projected to reach USD 1,206.9 Million by 2023, growing at a high CAGR of 22.20% between 2017 and 2023. This growth can be attributed to the increased offshore oil & gas production and demand for more reliable security measures

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Report mentioned in the above news is,

Autonomous Underwater Vehicle Market by Type (Shallow, Medium, and Large AUVs), Technology (Navigation, Imaging), Payload (Cameras, Sensors, Echo Sounders), Application (Military & Defense, Archeological and Exploration), Region - Global Forecast to 2023

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