In 2023, the worldwide market for autonomous underwater gliders (AUGs) was assessed at US$ 1.7 billion.
It is anticipated that the market will increase at a Compound Annual Growth Rate (CAGR) of 10.0% from 2024 to 2034, culminating in a projected value of US$ 4.7 billion by the conclusion of 2034.
The surge in market size can be attributed to heightened investments in underwater research and a heightened emphasis on fortifying maritime defense capabilities.
Autonomous underwater gliders (AUGs) are a subset of autonomous underwater vehicles (AUVs). The global market size of autonomous underwater vehicles (AUVs) was recorded at USD 1.09 billion in 2023.
Projections indicate that the market is set to escalate to USD 4.62 billion by 2031, exhibiting a Compound Annual Growth Rate (CAGR) of 19.80% over the forecast duration spanning from 2024 to 2031.
AUGs are heralding a new era of oceanic exploration, with their ability to plumb the abyssal depths of the oceans, conducting intricate surveys of shipwrecks.
Enhancements in sensor and communication technologies have fine-tuned the capabilities of these submersible proxies, propelling their demand.
Autonomous underwater vehicles (AUVs) offer a flexible and efficient means of monitoring underwater environments, identifying potential hazards, and establishing secure navigation paths for both naval and commercial ships.
The autonomous operation capability of AUV control systems, enabling extended missions in demanding conditions, proves particularly advantageous in military settings.
With maritime security emerging as a critical concern amid geopolitical uncertainties and the rising threat of underwater terrorism, the uptake of AUV technology is anticipated to persist in its upward trajectory.
North America, with its robust adoption of unmanned systems in the navy, spearheaded the AUG market in 2023.
The Asia Pacific region holds a prominent position in the autonomous underwater glider market.
Heightened tensions among neighboring countries in Asia-Pacific have prompted an escalation in defense expenditures as nations seek to bolster their military capacities.
The transformative potential of AUVs and AUGs extends well into various domains, including environmental studies, archaeological exploration, and the oil and gas industry.
Notably, recent collaborations between major companies like Teledyne Marine and Kongsberg Discovery are witnessing the integration of sophisticated echo sounders onto gliders, enhancing their oceanographic monitoring prowess.
Relevant articles:
– Autonomous Underwater Gliders Market Outlook 2034: Anticipated Growth from $1.7 Billion in 2023 to $4.7 Billion by 2034 at a 10.0% CAGR, openPR.com
– Autonomous Underwater Vehicle Market Size & Share, Fact.MR
– Autonomous Underwater Vehicle (AUV) Market Size, Scope, Overview, databridgemarketresearch.com
– Autonomous Underwater Glider Market projected to reach USD 6.0 Billion by 2030, growing at a CAGR of 9.9% during the forecast period of 2023-2030 – says MarketDigits in its latest study, Yahoo Finance