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Global Automatic Underwater Vehicle (AUV) Market: Trends, Opportunities And Forecasts (2016-2021) Technology Articles | August 9, 2016

The report analyzes and presents an overview on "Global Automatic Underwater Vehicle (AUV) Market: Trends, Opportunities And Forecasts (2016-2021) (By Value - UUVs, ROVs Camiseta Santiago Arias , AUVs; AUV Market By Region - North America, Europe, Latin America, Asia Pacific, Middle East & Africa: Key Players: Recommendations)" worldwide.


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Rise in offshore drilling activities Camiseta Antonio Adan , Increasing demand for Life-of-field Inspections, Technological Advancements, Cost Effective Inspection System, Rising mechanical configuration of AUV’s, High adoption rate of AUVs across application areas in defence & scientific research and offshore oil & gas explorations Camiseta Jose Gimenez , are the basic reasons behind increased demands for the Automatic Underwater Vehicle (AUV).


Latin America and Africa are expected to experience the highest growth owing to deepwater oil & gas activities in pre-salt areas, Europe will have high growth with North Sea and Norwegian Sea being the major subsea pipeline inspection equipment's market. Demand in Asia will be diverse with deepwater expenditure in India, Indonesia and Malaysia; research activities in Japan, and military investment in China. The key sectors for the application of AUV in the report are commercial, scientific Camiseta Thomas Partey , and defense. Among all, the defense application is expected to hold the largest share of the market accounting for 49% in 2015.


There has been the growing need for scientific research applications being addressed for oceanography and environmental protection & monitoring, high adoption rate of AUVs across application areas in defence & scientific research and offshore oil & gas explorations; and increasing defence spending has led to increase in demand for AUV. But stringent government regulations regarding oil & gas leaks, Higher Installation Cost, water contamination Camiseta Juanfran , environmental & public health is one of the biggest restraints faced by this industry. The level of spending in the government-to-government investments into the defence, scientific research and oil and gas sectors has driven the market.


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Global Automatic Underwater Vehicle (AUV) Market is forecasted to grow at a CAGR of 15.5% during 2016 – 2021F, on account of rising demand in the oil and gas energy along with significant government-to-government investments into the defence, scientific research and oil and gas sectors. Growing energy needs, emerging economies Camiseta Lucas Hernandez , high adoption rate of AUVs across application areas in defence & scientific research and offshore oil & gas explorations and increasing defence spending provide the ample growth opportunites for the AUV market to thrive.


The market in developed regions is matured and is witnessing consistent growth except for North America while the developing regions are expected to witness high growth in the Automatic Underwater Vehicle (AUV) Market especially in Africa & Asia Pacific.


According to Azoth Analytics research report, “Global Automatic Underwater Vehicle (AUV) Market: Trends, Opportunities and Forecasts (201. Cheap Jerseys China Free Shipping Cheap Jerseys China Free Shipping Cheap NBA Jerseys Wholesale Cheap MLB Jerseys Cheap Mens Soccer Jerseys Cheap Womens NHL Jerseys Cheap NFL Jerseys China Cheap Nike NFL Jerseys Cheap Kids NCAA Jerseys Cheap NBA Jerseys Free Shipping