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Autonomous Marine Vehicle Market Trends

  • Report ID: GMI9485
  • Published Date: May 2024
  • Report Format: PDF

Autonomous Marine Vehicle Market Trends

Autonomous marine vehicles are witnessing significant technological advancements. Advances in sensor technology, Artificial Intelligence (AI), and autonomous navigation are making AMVs increasingly competent and adaptable. Improved sensors capture more precise & detailed data, while AI enables improved decision-making and path planning in complicated surroundings. This allows for a broader range of applications beyond typical activities such as underwater exploration, search & rescue operations, and real-time environmental monitoring. As technology advances, AMVs become more dependable and efficient, sensor miniaturization and higher-capacity batteries increase operational range and save downtime.
 

AI developments provide greater obstacle recognition and avoidance, resulting in fewer accidents and cheaper maintenance costs. These enhancements make AMVs a more appealing option for potential consumers. Technological developments are driving the creation of increasingly sophisticated sensors capable of collecting a broader variety of data. Furthermore, AI-powered data analysis tools improve the potential to derive useful insights from AMV data.
 

For instance, in January 2024, One Sea expanded its autonomous vessels association by adding AI specialists Marine AI, Marautec, and Sea Machines Robotics to its ecosystem. This strategic move aims to enhance the development of autonomous maritime technologies and advance the regulatory framework for Maritime Autonomous Surface Ships (MASS). Sea Machines Robotics, a prominent developer of autonomous command, control, and advanced perception systems for vessels, has joined One Sea as a Management Board member, contributing expertise in AI and maritime autonomy.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous marine vehicle reached USD 2.9 billion in 2023 and is set to witness 12% CAGR from 2024 to 2032, owing to the growing demand for oceanographic and environmental data worldwide.

Autonomous marine vehicle industry from the underwater vehicles segment held over 67% share in 2023, due to underwater ecosystems being large and complicated, and requiring a range of solutions.

North America market held over 39% share in 2023, attributed to region being a hotspot of technical developments in fields such as sensor technology, artificial intelligence, and autonomous navigation.

Hydroid, Kongsberg Maritime, L3Harris Technologies, Lockheed Martin, Saab Seaeye, Subsea 7, and Teledyne Marine, are some of the major autonomous marine vehicle companies worldwide.

Autonomous Marine Vehicle Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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