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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.

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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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Karma Automotive Announces Eximius, the Bespoke Vehicle Program for Elite Clients Seeking Singular Expressions of Extreme Performance and Bold Craftsmanship

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The First Eximius Creation, “Eximius 1,” is a Menacing Four-Seater Built for the Track which Makes its World Premiere at the 2026 Concours at Wynn Las Vegas

LAS VEGAS, Oct. 31, 2026 /PRNewswire/ — Karma Automotive builds vehicles in the hundreds rather than the thousands, attracting a highly individualistic clientele seeking a unique statement. For those who wish to go further still, and explore new possibilities beyond the extensive options for personalization available through the Studio program, Karma has created the Eximius bespoke vehicle program. Eximius clients may modify the vehicle’s body, performance and powertrain, collaborating with Karma’s design and engineering teams to build a One-of-One statement which will never be repeated.

Karma Eximius clients may modify the vehicle’s body, performance and powertrain to build a One-of-One statement

The first vehicle from Karma Eximius debuts today at the 2026 Concours at Wynn Las Vegas. A menacing four-seater purpose-built for the track, “Eximius 1” is in ongoing development with its commissioning client, who is not revealed at this time. Upon delivery in 2027, “Eximius 1” will be fitted with an extreme-performance Plug-in Series Hybrid utilizing a 6.2 Liter V8 producing nearly 1200hp (550hp ICE, 645hp battery), delivering acceleration from 0-60mph in 2.7 seconds and a top speed in excess of 200mph (estimated). As these parameters would demand, “Eximius 1” will be equipped with carbon-ceramic brakes and two-piece slotted brake rotors, and Ohlins semi-active suspension.

“‘Eximius 1’ began as a conversation with an elite client who loves their Karma Revero, but wanted something more extreme and unexpected, which was music to our ears,” says Marques McCammon, President and Chief Executive, Karma Automotive. “The Eximius program effectively deletes the word ‘no’ from conversations about what’s possible,” he continues, “and as a four-seat track weapon packing what’ll be the most powerful Plug-in Series Hybrid powertrain and vehicle ever developed, ‘Eximius 1’ shatters expectations and further establishes Karma as a manufacturer of exotic, uniquely American vehicles.” 

Exterior Design
“Eximius 1” is an imposing vehicle to behold, exhibiting the muscularity and eyepopping strength of a superhero. Every panel – excluding the body surface outer – is constructed of pre-impregnated carbon fiber, and the vehicle is 50mm wider due to its wheel arch extensions. The front doors and hood have a unique technical fade from glossy, exposed regular carbon fiber to signature Borealis Blue paint.

The front carbon splitter sets an aggressive tone and is flanked by massive side air intakes incorporating Karma’s Target Acquisition Lighting, rotated 45º to create a distinctive ‘><‘ DRL graphic identity. On the hood, the dramatic arc of the Comet Line – which is inspired by Halley’s Comet is it streaks across the evening sky – widens from its apex towards the base of the windshield; vents above the front fenders release air pressure from the wheel housings and add further visual intrigue. Moving to the side of the vehicle, the front fenders aft of the wheels feature Karma’s signature “Backslash” bearing the number “5,” which is of particular significance to the commissioning client. 21″ Magnesium wheels with center-locks reduce rotating and unsprung mass, and are finished in satin black. Aft of the driver’s side front wheel, twin exhaust tips announce the fearsome new powertrain.

The full-width rear GT wing maximizes stability and downforce at high speeds, and continues the distinctive ‘><‘ DRL graphic identity established at the front of “Eximius 1.” The rear fascia also boasts large side air intakes which are connected by a dominant diffuser to manage underbody airflow.

Interior Design
An aura of intensity continues to the interior of “Eximius 1.” In concert with the exterior, blue-tinted carbon-fiber adorns the seats, flat-bottom steering wheel and doors; for aesthetics and weight-savings, all four doors are manufactured in exposed carbon fiber with one purposeful arm pad on each door. The seats, which are Recaro carbon fiber buckets up front, are trimmed with blue Alcantara and blue Italian leather with Moondust Alcantara upper sections, creating an articulated, form-fitted feel. To support high-speed driving and intense braking force, the accelerator, brake pedal and dead pedal are billet machined aluminum.

The instrument panel is reimagined in glossy carbon fiber and incorporates anodized billet aluminum HVAC vents. The carbon fiber center console is simplified to include the essentials only: the PRND gear selector, window switches, key fob holder, and Emergency kill switch. This console extends through to the rear compartment, to which the client’s custom-fitted carbon fiber racing helmet is held in place by a center-latched strap matching the blue seat belts.

About Karma Automotive
Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of Plug-in Series Hybrid vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. The Gyesera Grand Coupe, a Plug-in Series Hybrid four-seater, arrives at dealerships in December 2026; and the Amaris GT 2-Door Plug-in Series Hybrid arrives in Q4 2027. The Karma Kaveya Super Coupe, with over 1,000HP and butterfly-doors, will arrive in Q1 2028, to be followed by the Karma Ivara GT-UV: both EVs will incorporate SDVA (Software-Defined Vehicle Architecture) developed with leading technology partners. For more information, visit www.karmaautomotive.com) 

Media Contact:

Joe Richardson, (917) 716-6617
Joe@BeautifulNoisePR.com 

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SOURCE Karma Automotive

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ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control

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BEIJING, Oct. 31, 2026 /PRNewswire/ — ModelBest and OpenBMB jointly announced the release and open-source availability of the MiniCPM-OCR series, a family of models for efficient document parsing and parsing-quality assessment. The launch includes two models: MiniCPM-OCR 1.0 (1.3B) and MiniCPM-OCR Jev (2B).

As the first OCR-focused model in the MiniCPM family, MiniCPM-OCR 1.0 brings top-tier parsing accuracy to a compact 1.3-billion-parameter architecture optimized for edge deployment, pushing forward the balance between efficiency and performance for open-source OCR models. Built for real-world conditions, it accurately parses scanned, photographed, curved, tilted and screen-captured documents without cumbersome image pre-correction, lowering the barrier to large-scale document digitization.

The model handles dense bilingual Chinese-English content, complex mathematical formulas, and multi-level or borderless tables, consistently performing at a leading level across a broad range of mainstream industry evaluations. Beyond full-page reconstruction, it supports key information extraction (KIE), pulling specified fields from invoices, IDs and financial statements according to business instructions.

Powered by DSpark decoding acceleration, MiniCPM-OCR 1.0 significantly increases end-to-end throughput while lowering per-page latency. For enterprises processing millions of pages—such as financial contract archives, academic libraries and government records—this means processing far more documents with the same hardware and time budget, at a substantially lower computing cost.

To address the long-standing need for page-by-page manual review, ModelBest and OpenBMB also introduced MiniCPM-OCR Jev, the first OCR result decision model that acts as an “AI quality inspector.” Rather than performing OCR itself, Jev compares the source image with OCR output and rapidly assigns confidence scores to text, LaTeX formulas and tables, detecting missing characters, errors and formatting misalignments. Despite its compact 2B-parameter size, Jev delivers judgment accuracy typically associated with far larger models.

Jev supports cross-model deployment and can be integrated into existing OCR workflows without replacing the underlying OCR engine. It can automatically identify reliable results for direct processing, flag potentially inaccurate outputs for human review and select the best result from multiple OCR systems. This enables enterprises to move from full manual inspection toward risk-based, automated quality control.

The MiniCPM-OCR series is available on GitHub, Hugging Face and ModelScope, and supports vLLM, SGLang, llama.cpp and Ollama, along with SDKs, APIs, Agent Skill plugins and open-source fine-tuning code. Day-0 hardware adaptation covers AMD, Arm, Houmo AI, Intel and NVIDIA. Through the FlagOS software stack, it also has Day-0 support for AI and edge chips from CIX Technology, Huawei Ascend, Hygon, Iluvatar CoreX, Kunlunxin, MetaX, Moore Threads, Sunrise, T-Head, TsingMicro, NVIDIA and Apple Mac (Arm).

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SOURCE ModelBest

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Wulcea Elevates Consumer Trust in Heated Apparel Through Multi-National Safety Certifications and Rigorous Technical Testing

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NEW YORK, Oct. 31, 2026 /PRNewswire/ — As smart heated clothing gains broader adoption, consumers are paying closer attention to the safety and reliability of the technology behind these products. Wulcea, a brand specializing in graphene-powered heated apparel, combines its flexible GrapheneNano™ heating technology with documented safety compliance and durability testing for its heating components and battery systems.

“Trust in smart heated apparel goes beyond warmth—it comes down to confidence in battery safety and heating element reliability,” said John C, Founder of Wulcea. “Our goal is to give users peace of mind through certified technical standards.”

Advanced Graphene Heating Elements Supported by Global Standards

At the core of Wulcea’s thermal architecture is its GrapheneNano™ heating technology. Engineered to eliminate garment stiffness, Wulcea integrates flexible graphene elements that deliver balanced warmth across key upper-body zones while preserving natural garment drape and full freedom of movement.

Wulcea supports its heating components with applicable compliance documentation for major markets. These include CE and FCC compliance documentation addressing relevant electrical and electromagnetic compatibility requirements, as well as PSE compliance for applicable products in Japan. RoHS compliance further addresses restrictions on specified hazardous substances in applicable electrical and electronic components.

Multi-Certified Battery System for Dependable Power

To power its heating elements, Wulcea pairs its heated apparel with rechargeable battery systems designed for convenient everyday use. Featuring a compact design and housed in dedicated interior pockets, the batteries provide portable power while maintaining a streamlined garment profile and comfortable fit.

Wulcea backs its battery options with comprehensive third-party accreditations. UL certification demonstrates that the battery system has been evaluated against recognized power bank safety requirements, covering key areas such as overcharge protection, short-circuit protection, and thermal safety. The battery systems are also supported by applicable CE and FCC compliance documentation, addressing relevant regulatory requirements for electrical and electromagnetic compatibility.

For daily handling and travel, RoHS compliance validates that the battery system meets stringent global standards for material safety. The battery models have also undergone applicable UN 38.3 testing, supporting compliance with international requirements for lithium battery transportation.

Real-World Durability and Practical Usability

Component compliance forms Wulcea’s foundation, but reliability is defined by real-world performance. Built for high-flex endurance, Wulcea’s flexible graphene heating elements are tested through 10,000 active flexing cycles to maintain steady thermal output through repeated bending and everyday body movement.

Everyday convenience is equally essential. Built for hassle-free care, Wulcea’s heating elements withstand 100 machine-wash cycles under standard care guidelines, maintaining internal conductivity and structural stability under repeated laundering.

Integrated NTC temperature sensors provide thermal monitoring and are designed to stop heating if temperatures exceed 131°F (55°C). Combined with runtime of up to 10 hours on the low setting and a discreet interior control button, these features support practical everyday use in cold-weather conditions.

Aligning Technical Standards with Everyday Warmth

By combining graphene-based heating technology with documented battery safety compliance and durability testing, Wulcea continues to focus on the technical foundations of dependable heated apparel. This approach reflects the brand’s emphasis on bringing together safety considerations, practical functionality, and everyday comfort for cold-weather use.

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SOURCE Wulcea

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