MRRS adds "Autonomous Underwater Vehicles Market by Type, Technology, Application– Global Forecast to 2022" latest studies,published in December 2016. It is a professional and in-depth study.

The said market is expected to grow from USD 211.8 million in 2016 to USD 497.9 million by 2022, at a CAGR of 15.31% during the forecast period. The high demand for autonomous underwater vehicle worldwide by the countries for monitoring their sea borders and by the oil & gas industries is a key factor responsible for the growth of the AUV market. However, stringent government regulations on using AUVs in the countries such as United States is a key factor that is restraining the growth of the autonomous underwater vehicles market.
“Search and salvage operations application projected to grow at the highest rate”
The market for the search and salvage operations application is expected to grow at the highest rate among all the applications. Incidences such as Malaysia Airlines flight MH-370 crash have been a vital factor for driving the growth of the AUV market for search and salvage operations. AUVs are expected to be adopted as an important tool for carrying out search and salvage operations in cases such as airplane crash in oceans, crash of warships, and breakdown of other commercial water vehicles.

Figure And Tables

TABLE 1 AUV MARKET, BY APPLICATION, 2014–2022 (USD MILLION) 48
TABLE 2 AUV MARKET FOR MILITARY & DEFENSE APPLICATION, BY TYPE,
2014–2022 (USD MILLION) 49
TABLE 3 AUV MARKET FOR MILITARY & DEFENSE APPLICATION, BY REGION, 
2014–2022 (USD MILLION) 50
TABLE 4 AUV MARKET FOR MILITARY & DEFENSE APPLICATION IN NORTH AMERICA, 
BY COUNTRY, 2014–2022 (USD MILLION) 51
 ...

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