Global Autonomous Underwater Vehicle (AUV) Market Insights, Size and Growth Forecast To 2027
Global autonomous underwater vehicle market estimated to foster due to the surge in demand for AUV in the oil & gas industry for oil & gas reserve exploration and pipeline monitoring applications. Global autonomous underwater vehicle market size value was USD 436.74 million in 2019, which expected to reach USD 2090.02 million by 2027, growing at a CAGR of 18.33 % during 2020–2027. The primary factors are the growing application of UAV in sea creatures, lakes, and ocean floors, which scientists conduct in the research industries. Additionally, the increasing demand for the AUV systems in the navy and defense sectors as a cost-effective option to revolutionizing their ability to protect key ports will drive the growth of the market. Further, the rapid growth of the autonomous underwater vehicle market proving the fish farming industry an affordable and reliable platform for aqua farmers to monitor water quality parameters, such as turbidity, temperature, and co...