The autonomous underwater vehicle (AUV) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 4.9 billion by 2028, growing at a CAGR of 22.4% from 2023 to 2028. Factors such as the high operational costs of AUVs are restraints for the market's growth.
Driver: Rising defense
spending in several countries worldwide
Security issues,
concerns over contested territories, and threats have significantly increased
defense spending worldwide. For instance, according to new data on global
military expenditure published on April 2023 by the Stockholm International
Peace Research Institute (SIPRI), the total global military expenditure
increased by 3.7% in real terms in 2022 to reach USD 2240 billion. The three
largest spenders in 2022—the US, China, and Russia—accounted for 56% of the
world's total.
According to the US
intelligence community's Annual Threat Assessment (ATA) 2023, Beijing will
continue to apply pressure and offer inducements for Taiwan to move toward
unification. It will react to what it views as increased US–Taiwan engagement.
Beijing may build on its actions from 2022, which could include more Taiwan
Strait centerline crossings or missile overflights of Taiwan. In the South
China Sea, Beijing will continue to use growing numbers of air, naval, coast
guard, and militia forces to intimidate rival claimants and to attempt to
signal that China has effective control over contested areas. Similarly, China
is pressuring Japan over contested areas in the East China Sea.
Countries across the
world are using forefront technologies to safeguard their borders against
underwater threats. In the present global scenario, there has been an increase
in threats from pirates, terrorists, and seafarers. This is creating security
issues across marine borders. For instance, in July 2021, there was an attack
by pirates on an oil tanker (that was linked to an Israel-based billionaire)
off Oman in the Arabian Sea. Also, according to a UN report in 2019, seabeds
are becoming a tangle of ungoverned seabed cables, posing a new threat to
international peace and security.
Restraint: High
operational costs of AUVs
Autonomous Underwater
Vehicles (AUVs) have high operational costs. Several factors that contribute to
the overall cost of operating AUVs are development and acquisition, maintenance
and repairs, training, and personnel, mission-specific costs, logistics and
support, and data processing and analysis. These are expensive maritime
systems. For instance, the A18 AUV (Exail Technologies SA), with a depth rating
of up to 3,000 m, has a cost ranging from USD 2–6 million. The deployment costs
of AUVs used in exploration or surveying activities add to the actual cost of
exploration and surveying missions. Moreover, the prohibitive costs of
maintenance, manufacturing, research & development, and system complexity
associated with AUVs also result in slow adoption. However, they are
increasingly used in simple missions such as environmental monitoring.
Opportunity: Upcoming
expansion of Internet through 5G driving demand for underwater cables
Since the first
underwater optical fiber cable came out in 1985, underwater cable systems have
played a key role in the field of cross-continental communications. These
systems offer several advantages, such as large capacity, high reliability, and
excellent communication quality. However, underwater telecommunication cables
are prone to suffer from potentially hazardous or environmental damages caused
by natural causes, such as earthquakes and turbulent currents, or human
activities (anchoring and fishing gear). AUVs are used extensively to resolve
these issues. Also, AUVs are used in the maintenance and damage recovery for
underwater connectors (also known as marine connectors or subsea connectors).
These connectors are designed to withstand extreme environments, including
corrosive seawater and pressure and vibration and shock, but they can sometimes
fail in harsh ocean environments.
It is essential to track
the cable route to inspect the condition of the buried cable and protect its
surviving seabed environment. Several technologies, such as underwater cameras,
side-scan sonar, sub-bottom profilers, and magnetic sensors, are used for these
applications. However, to find these types of cables, the magnetic sensors
embedded inside AUVs are used widely for tracking the cable route.
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Challenges: Operational
hindrances such as natural ocean hazards and bad ocean weather
Deep-water AUVs can dive
close to the seabed (<5 m altitude in areas of low relief). This means that
they can collect seafloor mapping, profiling, and imaging data with far higher
spatial resolution and navigational accuracy than surface vessels and towed
instruments. As a result, AUVs are widely used in these challenging
environments. AUVs are currently used in different applications, such as
oceanography and archeology. However, AUV survival is a concern in these
environments. Consequently, the data being gathered by AUVs could be lost
because of the risk of vehicle loss due to natural hazards. This factor not
only has financial implications (resulting from equipment loss) but also can
result in increased research timelines due to the loss of important data.
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