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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



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.

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Autonomous Underwater Vehicles (AUV) Market Overview:

Report Coverage


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


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.

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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.

Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Massachusetts 01886
USA (+1) 351-333-4748
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Siemon Appoints Trey Somers as Vice President of Product Management




The Siemon Company, a global leader in network infrastructure solutions, announces the appointment of Trey Somers as Vice President of Product Management, effective Monday, July 15th, 2024.

WATERTOWN, Conn., July 20, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, announces the appointment of Trey Somers as Vice President of Product Management, effective Monday, July 15th, 2024. In this role, Somers will lead Siemon’s global product management team and drive the development of innovative solutions that meet the evolving needs of the market. With a distinguished career spanning over two decades in the industry, Somers brings a wealth of experience in enterprise product management, OEM product management, and consulting services. Most recently, he served as Managing Director at Align Communications where he successfully led a team delivering smart building solutions to major financial institutions across the globe. “We are thrilled to welcome Trey to the Siemon team,” said Henry Siemon, President and CEO. “His deep industry knowledge and proven track record in product management make him an invaluable asset to our organization. We are confident that under Trey’s leadership, Siemon will continue to deliver cutting-edge solutions that drive customer success.” In his new role, Somers will oversee both the OEM and Enterprise Product Management teams, combining them into a unified global product management organization. He will also collaborate closely with the marketing team to align product development with current market needs and developing industry trends. “I am excited to join the Siemon team and contribute to the company’s continued growth and success,” said Trey Somers, Vice President of Product Management. “Siemon has CONNECTING THE WORLD TO A HIGHER STANDARD a strong reputation for innovation and customer focus. I look forward to working with the team to develop groundbreaking solutions that address the challenges and opportunities of today’s dynamic market.” Learn more about Siemon at

“We are thrilled to welcome Trey to the Siemon team,” said Henry Siemon, President and CEO. “His deep industry knowledge and proven track record in product management make him an invaluable asset to our organization.”

About Siemon – Established in 1903, Siemon is an industry leader specializing in the design and manufacture of high-quality, high-performance IT infrastructure solutions and services for Data Centers, LANs, and Intelligent Buildings. Headquartered in Connecticut, USA, with global sales, technical, and logistics expertise spanning 150 countries, Siemon offers the most comprehensive suites of copper and optical fiber cabling systems, racks, cable management, and Intelligent Infrastructure Management solutions. With more than 400 patents specific to structured cabling, Siemon Labs invests heavily in R&D and the development of Industry Standards, underlining the company’s long-standing commitment to its customers and the industry. Through an ongoing commitment to waste and energy reduction, Siemon’s environmental sustainability benchmarks are unparalleled in the industry.

Contact Information: Brian Baum,

Media Contact

Brian Baum, Siemon, 1 860 945-4213,

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Online Generator Seller Announces Cummins 7-Day Inflation Fighter Discount For Homeowners




Cordova, Tennessee based Buckeye Power Systems, LLC announced its partnership with Cummins Power Generation and a 7-day inflation fighting 5% discount on the popular Cummins 20kW RS20A air-cooled home standby generator. The discount applies for purchases between July 25th and August 1st, 2024.

CORDOVA, Tenn., July 20, 2024 /PRNewswire-PRWeb/ — Cordova, Tennessee based Buckeye Power Systems, LLC announced its participation with Cummins Power Generation and its 7-day 5% discount for homeowners on the popular RS20A 20kW HSB air-cooled home standby generator. The discount also applies to the RS20AC kit which includes a 200-Amp Automatic Transfer Switch. The discount applies for purchases between July 25th and August 1st, 2024.

“The 7-day special discount applies to Cummins 20kW air-cooled home standby generator which is also its most popular model.”

David Richey, president of Buckeye Power Systems, said today, “The 7-day special discount applies to Cummins 20kW air-cooled home standby generator which is also its most popular model. The 20kW generator provides whole house coverage for homes up to 2000 square feet. The same generator also provides managed whole house coverage for homes up to 3000 square feet.”

Richey said the Cummins 20kW includes a built-in load management feature which manages the operation of high-power consumers like air conditioners, kitchen ovens, and clothes dryers. “The load management feature prevents certain loads from operating when the generator is already operating at or near peak performance,” Richey continued. “So, the RS20A offers managed whole house coverage for homes up to 3000 square feet.”

When fueled by natural gas, homeowners enjoy an unlimited supply of fuel from their utility supplier, thus eliminating the need for fuel storage. The same generator can also be fueled by liquid-propane (LP). A 5-year manufacturer’s warranty is standard and extended warranty coverage up to 10 years is available as an option.

In the current inflationary economic environment, the price rollback should be warmly welcomed among homeowners looking for special deals on standby power. The Buckeye Power Systems website currently offers the Cummins RS20A for $5,069 with no sales tax in most states, less the $253.45 discount. The Cummins RS20AC kit includes a 200-Amp Automatic Transfer Switch and is offered for $5995 less a $299.75 discount during the 7-day special promotion.

Buckeye Power Systems is also offering a $500 VISA Gift Card for purchase of the two other Cummins air-cooled home standby generators including the 13kW Cummins RS13A and the 17kW Cummins RS17A.

Media Contact

Steve Baker, Buckeye Power Systems, LLC, 1 19013798097,,

David Richey, Buckeye Power Systems, LLC, 1 9013798097,,

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UBX Cloud Creates A Rapid Solution To The Crowdstrike Outage Affecting Millions Worldwide.




Download the newest version of the “CrowdFix” update on UBX Cloud’s website.

DETROIT, July 20, 2024 /PRNewswire-PRWeb/ — UBX Cloud, a dedicated cloud hosting provider with experience in IT solutions on a global scale, has developed a safe automated repair for the CrowdStrike outage that has affected millions worldwide. The new update has been named “CrowdFix” by UBX Engineers. The solution has been tested on thousands of servers that UBX Engineers manage internally with results that work highly efficiently.

“Our engineers have developed a countermeasure within 2.5 hours after the first reported incident. I appreciate the team working to create a solution that makes it simple, effective, and secure.” – Steven Panovski, President and Founder of UBX Cloud.

“Our engineers have developed a countermeasure within 2.5 hours after the first reported incident. I appreciate the team working to create a solution that makes it simple, effective, and secure,” stated Steven Panovski, President and Founder of UBX Cloud.

CrowdFix Solution Developed by UBX Cloud

To implement the CrowdFix solution, Engineers can simply boot the CrowdFix ISO on the impacted system and it’ll automatically detect all attached disks on the system, while deleting the CrowdStrike related files that are preventing impacted Windows systems. Administrative access or restoration from the backups isn’t required.

For step-by-step instructions on implementing the CrowdFix, please view the documentation in or video to implement. Complete Disclaimer will be listed on our company blog.

Instructions are to boot the ISO file and run the batch file.
Primary LINK 1:
Alternate LINK: TBA

Filename: WinPE_UBXCloud_CSFix103.iso
MD5 Hashes: 623c3e11895dda4015bd02f0f8b49313e1fdf2806c961f71d41fbdc96cdc03b5
Size: 380 MB

UBX Cloud Inc.

UBX Cloud is a global IT and Engineering company founded in Michigan in 2008. After steady growth, they opened a new satellite office in India. The company has a team of Engineers working to develop and manage cloud solutions for businesses around the world. This ensures business continuity and secure cloud solutions that give customers peace of mind. To learn more about partnering with UBX Cloud on secure cloud solutions and managed services, please visit the website and contact the team.

With the growing dependence on technology and software solutions, it’s even more important for cloud service providers to develop solutions that support the overall architecture and framework of interconnectivity.

“We’re happy to develop a solution that supports business continuity and operations worldwide. Our team is dedicated to helping customers and the industry at large with cybersecurity and IT solutions that bring value. I especially want to thank our Engineer Mohammed Ali, for developing the solution rapidly,” Steven Panovski said passionately.

In addition to the CrowdFix solution, UBX Cloud previously supported other large enterprises with cybersecurity and cloud solutions. They’re quickly becoming a resource for Engineers across the globe that collaborate on developing technology solutions.

For more information, please visit UBX Cloud’s website at

UBX Cloud LinkedIn

Media Contact

Carrie Stapleford, UBX Cloud, 1 (586) 808-5000,,

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