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Autonomous Underwater Vehicles (AUV) Market to Surpass USD 6.84 Billion by 2031; Adoption for Military & Defense Applications Boosts Growth | SkyQuest Technology

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WESTFORD, Mass., July 11, 2024 /PRNewswire/ — According to SkyQuest, the global Autonomous Underwater Vehicles (AUV) Market size was valued at USD 1.57 billion in 2022 and is poised to grow from USD 1.85 billion in 2023 to USD 6.84 billion by 2031, growing at a CAGR of 17.80% in the forecast period (2024-2031).

Underwater vehicles capable of operating on their own using advanced technologies and sensors are known as autonomous underwater vehicles (AUVs). Complete autonomous operation and low costs of purchase of AUVs are factors that drive the preference for AUVs over ROVs (remote operated vehicles). The global autonomous underwater vehicle market is segmented into technology, type, shape, payload type, shape, payload type, application, and region.

Download a detailed overview:

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Autonomous Underwater Vehicles (AUV) Market Overview:

Report Coverage

Details

Market Revenue in 2023

$1.85 Billion

Estimated Value by 2031

$6.84 Billion

Growth Rate

Poised to grow at a CAGR of 17.80%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Technology, Type, Shape,  Payload Type and Application

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Digital interactions across various industries through blockchain technology

Key Market Opportunities

Growing Demand for AUVs for Border and Coastal Security to Fuel Market Growth

Key Market Drivers

 Increasing Offshore Production of Deepwater Oil and Gas to Stimulate Market Growth

Segments covered in Autonomous Underwater Vehicles (AUV) Market are as follows:

TechnologyImaging (Side-scan sonar imagery, Multibeam Echo Sounders, Sub-bottom Profilers, LED lighting), Navigation (Compass-based Navigation, Inertial Navigation), Collision Avoidance (Sonars), Communication (Acoustic communication, Satellite communication), Propulsion (Fin Control Actuators, Linear Electromechanical Actuators, Propulsion Motors, Pump Motors, Battery Modules {Deployment For Energy Storage, Applied Battery Technologies and Alternatives}, Propulsion System Types {Electric system, Mechanical System, Hybrid System})TypeSmall AUVs (In Ocean Observation, Route Mapping, And Mine-hunting Applications), Medium AUVs (In Military Applications), Large AUVs (In Deep-Water Mapping and Survey Applications)ShapeTorPedo (In Marine Engineering), Laminar Flow Body (In Border Security), Streamlined Rectangular Style (Collection of Underwater Information), Multi-hull Vehicle (Surveying Seafloor and Their Magnetic Properties)Payload TypeCameras (High-resolution Digital Still Cameras, Dual-eye Cameras), Sensors (Conductivity, Temperature, And Depth {CTD} Sensors, Biogeochemical Sensors {Turbulence Probes, And Oxygen, Nitrate, Chlorophyll, And Photosynthetically Active Radiation [PAR] Sensors}), Synthetic Aperture Sonars, Echo Sounders, Acoustic Doppler Current Profilers, OthersApplicationMilitary & Defense (Border- Security & Surveillance, Anti-submarine Warfare, Anti-trafficking & Contraband Monitoring, Environmental Assessment, Mine Countermeasure Identification), Oil & Gas (Pipeline Survey, Geophysical Survey, Debris/Clearance Survey, Baseline Environmental Assessment), Environment Protection & Monitoring (Habitat Research, Water Sampling, Fishery Study, Emergency Response), Oceanography (Deployment Of AUVs To Receive Time And Spatial Scale-related Data), Archeology & Exploration (Locate Underwater Archeological Sites), Search & Salvage Operations (Adoption Of AUVs to Detect Shipwrecks)

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Large Autonomous Underwater Vehicles to Take Precedence in Revenue Generation

From resource exploration in the oil & gas industry to deepwater exploration activities large AUVs are preferred due to their endurance and better data collection capabilities. Rapidly expanding oil & gas exploration activities to satisfy the surging demand for energy is also estimated to benefit autonomous underwater vehicle market growth via this sub-segment. Large autonomous underwater vehicles can deliver higher payloads and carry more sensors and instruments required for deepwater exploration and other crucial marine explorations.

Meanwhile, the use of small AUVs is projected to increase at a rapid pace over the coming years. Limited budgets of certain organizations push them to opt for small AUVs and the growing use of autonomous underwater vehicles for military applications is helping this sub-segment boost market growth at a rapid pace. The use of small AUVs for search and rescue operations will also create new opportunities for autonomous underwater vehicle manufacturers in the long run.

Military & Defense Applications to Lead Market Charge

Growing demand for underwater surveillance and reconnaissance around the world amidst mounting geopolitical tensions around the world is allowing the military & defense sub-segment to augment market growth. High investments in enhancements of marine security and the need for combating underwater threats are also contributing to the high market share of this sub-segment. A growing number of governments increasing their military & defense spending budgets are also helping boost sales of autonomous underwater vehicles through this sub-segment.

Environment protection and monitoring applications emerge as the most opportune segment for autonomous underwater vehicle providers. Growing emphasis on sustainability and increasing water pollution levels are guiding the demand for autonomous underwater vehicles over the coming years. High investments of governments and environmental organizations to preserve marine ecosystems are also slated to benefit sales of autonomous underwater vehicles.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/autonomous-underwater-vehicle-market

Hybrid Propulsion Systems to Gain Traction in Autonomous Underwater Vehicles (AUV) Market

High concerns about pollution spread by fossil fuels are projected to bolster the demand for clean energy propulsion systems. Growing emphasis on making a smooth transition towards clean propulsion systems is projected to promote the adoption of hybrid propulsion systems that are compatible with conventional fuels but are much more efficient and less polluting than traditional propulsion systems. 

Autonomous underwater vehicle companies need to target the use of electric propulsion systems to make their business future-proof in the long run. Autonomous underwater vehicle providers can generate a good amount of revenue by investing in military and defense applications as the focus on marine defense increases around the world. Small AUVs is projected to emerge as the most opportune sub-segment for incoming as well as established autonomous underwater vehicle manufacturers in the long run.

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About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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American Pipelining Supplies (APS) Expands Offerings as Authorized U.S. Sales, Training, and Support Provider for IMS Robotics

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ANDERSON, S.C., Nov. 15, 2024 /PRNewswire/ — American Pipelining Supplies (APS), a prominent supplier of trenchless pipeline renewal and repair solutions, proudly announces a strategic partnership with IMS Robotics. This partnership makes APS the leading provider of sales, training, services, and after-sales support for IMS Robotics, in the United States. Through this collaboration, APS is poised to elevate the standard for trenchless repair by bringing IMS’s world-class robotic technology to professionals across the nation.

APS, known for its unwavering commitment to quality and innovation, will now serve as the central hub for IMS Robotics’ state-of-the-art robotic solutions, which are designed to enhance efficiency and precision in pipeline rehabilitation. As part of this new partnership, APS will offer hands-on training, expert consultation, and dedicated after-sales support to ensure clients have everything needed for successful project implementation and maintenance.

“With our new role as the U.S. sales, and support provider for IMS Robotics, we’re excited to bring this innovative technology directly to our clients and equip them with the resources to succeed,” said Jake Saltzman – CEO of American Pipelining Supplies. “IMS Robotics’ advanced systems perfectly align with our goal of providing comprehensive trenchless solutions that improve accuracy, safety, and operational ease. Our expanded offerings mean that our customers will have direct access to cutting-edge robotic tools with training and support at every step.”

APS will conduct expert-led training programs tailored to optimize the performance of IMS’s robotic systems in the field. Additionally, APS’s dedicated service and after-sales team will support pipeline professionals with maintenance, troubleshooting, and upgrades, ensuring smooth operation and maximizing the return on investment.

“Since 1992, IMS Robotics Group has been a pioneer in developing innovative and practical solutions in modern environmental technology. As a leading global manufacturer of specialized equipment for sewer cleaning and rehabilitation, we are proud to be recognized as market leaders in house connection and main sewer milling machines. When selecting a distributor and partner to represent our products, we take great care in choosing organizations that share our commitment to quality, customer service, and industry expertise,” says Steve Webster – Managing Director of IMS Robotics USA. “In an industry where quick and reliable responses to customer needs are critical, we are proud to announce our partnership with American Pipelining Supplies (APS). Jake and his team at APS have consistently demonstrated unparalleled knowledge, dedication, and a strong understanding of our industry. Their reputation for excellence and reliability makes them an ideal partner to represent the IMS Robotics product line in both sales and service. We are excited to collaborate with APS and look forward to a long and prosperous relationship, delivering world-class solutions to meet the evolving needs of our customers.”

Through this collaboration, APS and IMS Robotics are positioned to redefine the landscape of trenchless repair, combining cutting-edge technologies with hands-on, customer-focused support. With this APS and IMS Robotics partnership, pipeline renewal and repair professionals can expect an unprecedented level of access to tools and expertise that drive efficiency and success in every project.

About American Pipelining Supplies:
Based in South Carolina, American Pipelining Supplies is a leader in the pipelining supply industry, delivering high-quality trenchless repair and pipe renewal solutions and now specializing in robotic technologies, sales, training, and support. Learn more about APS.

About IMS Robotics:
IMS Robotics is an internationally recognized innovator in robotic systems for pipeline rehabilitation, delivering robust and adaptable robotic solutions that are designed to maximize efficiency and precision in the pipeline renewal industry. Learn more about IMS.

Media Team
Public Relations
BRANDefenders Media
media@brandefenders.com

This release was issued through WebWire®. For more information, visit http://www.webwire.com.

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SOURCE American Pipelining Supplies

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Learnologyworld Launches “Pay Later” Option and Expands Online Courses

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This move will help Learnologyworld remove financial barriers to IT certification and skill development and provide immediate access to materials with payments deferred.

LOS ANGELES, Nov. 15, 2024 /PRNewswire/ — Learnologyworld, a leading provider of affordable certification training, announces the launch of its “Pay Later” payment option. The company has also expanded its range of online courses to meet the growing demand for IT certifications. The “Pay Later” option offers students the flexibility to receive training materials immediately and pay after two days via PayPal. This ensures that learners can advance their careers even when they don’t have immediate access to funds. The goal is to provide an essential support system for learners facing financial barriers, particularly in today’s uncertain economic climate.

As job requirements in technology become more strict, IT certifications have become a vital asset to the workforce. Studies show that certified IT professionals earn, on average, 30 percent more than their non-certified peers. Certifications serve as an industry standard, providing proof of expertise to potential employers, particularly for individuals without formal degrees.

In addition, the online learning industry is projected to grow by over nine percent year over year. This flexibility and accessibility of digital platforms have made professional development attainable for individuals balancing commitments to work, family, and study. Learnologyworld’s online courses for the aforementioned IT certifications help meet those needs through a self-paced, flexible approach to certification preparation. The courses cover programming, network management, cybersecurity, and much more.

“Certifications aren’t something you just add onto your resume. They’re essential credentials for people who want to establish or advance their careers in IT,” said Manuel End, co-founder and CEO of Learnologyworld. “Our ‘Pay Later’ option helps make sure that anyone with the drive to learn can access quality education.”

Emma Müller, chief technology officer at Learnology, added, “We’re constantly looking for ways to make learning more affordable and accessible. Online learning has become one of the top ways for job seekers and full-time employees to work around their busy schedules, and our new courses will help make the most in-demand skills more accessible to those individuals.”

Learnologyworld also offers interactive study guides and personalized exam vouchers for certifications offered by renowned brands like CompTIALPICWNPPython Institute and ISQTB. The vouchers allow students to purchase a code online and then redeem the code at an authorized testing center to take a certification test, simplifying the process of paying for tests and identifying legitimate testing centers.

About Learnologyworld

Learnologyworld is an educational platform dedicated to affordable and accessible IT certification training. Through an array of online courses, study guides, and practice exams, Learnologyworld helps aspiring IT professionals achieve their career goals. The company’s focus on flexibility and affordability has made it a trusted partner for learners around the world.

Press Contact:

Bella Rose
7402177670
https://www.learnologyworld.net/

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SOURCE Learnologyworld

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GW Allen acquires Gage Western and Allen Measurement Services

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WACO, Texas, Nov. 15, 2024 /PRNewswire/ — GW Allen, LLC (“GW Allen” or the “Company”) announced today it has entered into two separate definitive agreements to acquire 100% of the equity interests of Gage Western, LLC and Allen Measurement Services, LLC. The acquisitions position GW Allen as one of the largest third-party meter proving service companies in the United States. Kevin Fields, a proven veteran in the measurement industry, will lead the new Company as its CEO.

Mr. Fields noted, “We are excited to announce the acquisition of two high-quality meter proving companies. These acquisitions create a larger network of measurement equipment to better serve the needs of our customers across the United States. With the quality processes of Gage Western and the customer service of Allen Measurement Services, GW Allen will strive to deliver excellence in all aspects of the measurement business.” 

GW Allen Chairman, Coleman Curry, added, “These acquisitions mark our first step in establishing a significant presence within the measurement industry. We will seek to organically expand our services offerings to include a variety of additional measurement services, including lab analysis, calibrations and software services.”

About GW Allen
GW Allen operates 15 custody transfer provers, four allocation provers and a flow loop in Midland, Texas. Headquartered in Waco, Texas, the Company employs 25 people and has plans to expand its position in the measurement sector throughout the United States. Our motto is — Excellence. Measured.

About Mr. Kevin Fields
Mr. Fields began his measurement career at Coastal Flow Measurement in 1984 where he helped grow the company from one (1) prover in 1989 to 35 provers and 55 employees in 2018 at which time the company was sold. After the successful sale, Mr. Fields served as an executive of Flow Measurement Devices, or FMD, from 2018 to 2022. Most recently Mr. Fields has supported e9 Treatments movement into the midstream industry. Mr. Fields is regarded as one of the most influential measurement executives in the industry having introduced the first portable small volume prover (Synctrak) and publishing many papers on measurement services including: Operational Experiences of Small Volume Prover, Master Meter Water Prover Calibration, and Pycnometers and Densitometer Operations.

Contact:
Mr. Kevin Fields
Chief Executive Officer
GW, Allen, LLC
Kevinfields@gw-allen.com

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SOURCE Donovan Ventures

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