Connect with us

Technology

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

Published

on

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:

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

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)

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/autonomous-underwater-vehicle-market

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.

Related Report:

Robotics Market

Industrial Robotics Market

Exoskeleton Market

Collaborative Robots Market

Warehouse Robotics Market

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/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/autonomous-underwater-vehicles-auv-market-to-surpass-usd-6-84-billion-by-2031-adoption-for-military–defense-applications-boosts-growth–skyquest-technology-302194602.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Blueprint Capital Advisors CEO Jacob Walthour Featured on The New Jersey Business Media Podcast Discusses Access, Capital, and Opportunity for Entrepreneurs

Published

on

By

NEW YORK, June 19, 2026 /PRNewswire/ — Jacob Walthour, founder and CEO of Blueprint Capital Advisors and creator of the Power 100 initiative, appears as a featured guest on The New Jersey Business Media Podcast for a conversation focused on one of the most important — and often misunderstood — drivers of business growth: access.

Walthour’s work spans the intersection of business, capital markets, economic development, policy, and community impact. Through years of advising entrepreneurs, investors, institutions, and underserved communities, he has become a leading voice on how opportunity is created and why access often determines who succeeds.

In this latest podcast episode, Walthour moves beyond headlines and conventional narratives to explore a question that resonates with business owners across industries: Why do some entrepreneurs gain access to capital, relationships, and growth opportunities while others never reach the starting line?

“Most entrepreneurs think access to capital begins when they submit an application or pitch to investors,” said Walthour. “In reality, access starts much earlier, through relationships, visibility, trust, networks, and proximity to opportunity.” Facilitated exposure, he finds, can be the determining factor in whether firms expand their networks, procure new business, and position themselves for continuous growth.

The discussion provides context for the hidden dynamics that shape business outcomes while challenging common assumptions about funding and growth. Walthour shares his insights on:

Why capital flows the way it doesThe role relationships and credibility play in creating opportunityWhat entrepreneurs often misunderstand about accessHow business owners can position themselves to compete regardless of background, industry, or stage of growthThe practical steps entrepreneurs can take to build long-term access and unlock future opportunities

Drawing from experiences across investment management, business development, and economic impact initiatives, Walthour offers a candid perspective on what separates businesses that scale from those that remain overlooked. Oftentimes, the differential is not based on disparities of talent, but rather on which businesses are better versed in the architecture of power.

The episode is designed for entrepreneurs, founders, investors, and business leaders seeking a deeper understanding of how opportunity is created — and how to better position themselves for sustainable growth.

The full episode can be found here and is available on Apple Podcast, Spotify, YouTube, Instagram, TikTok, and LinkedIn.

About Blueprint Capital Advisors
Blueprint Capital Advisors is a strategic advisory and investment firm dedicated to connecting capital with opportunity across venture capital, private markets, and emerging investment platforms.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blueprint-capital-advisors-ceo-jacob-walthour-featured-on-the-new-jersey-business-media-podcast-discusses-access-capital-and-opportunity-for-entrepreneurs-302805440.html

SOURCE Blueprint Capital Advisors

Continue Reading

Technology

In HelloNation, Hair Expert Rachel Swartz McCooey Explains Tape-Ins, Hand-Tied Rows, and Tape Rows for Hair Extensions and Fine Hair Care

Published

on

By

The article outlines how each extension method differs in installation, upkeep, and impact on natural hair health.

ROCHESTER, N.Y., June 19, 2026 /PRNewswire/ — What should you consider when choosing between tape-ins, hand-tied rows, and tape rows? That question is answered in a HelloNation article featuring insights from Rachel Swartz McCooey of Tru On Park in Rochester, New York.

The HelloNation article explains that selecting the right hair extensions depends on hair texture, lifestyle, and hair maintenance preferences. Tape-ins, hand-tied rows, and tape rows are all popular options, yet each method differs in installation, wear time, and daily hair care requirements. Understanding these distinctions helps protect fine hair, maintain hair volume, and support long-term hair health.

According to the article, tape-ins are especially suitable for fine hair because they are lightweight and quick to install. Pre-taped wefts are pressed into sections of natural hair, often allowing the service to be completed in under an hour. The article notes that tape-ins typically require maintenance every four to six weeks, depending on growth and placement. Because they do not rely on heavy sewing or tight braiding, they are considered a lower tension option when professionally applied.

The article also highlights that tape-ins appeal to clients seeking flexibility. They can be removed or reused with professional assistance and are often chosen for temporary or seasonal changes. This method allows clients to add hair volume or length while maintaining a manageable hair maintenance routine at home.

Hand-tied rows, sometimes called weft extensions, are sewn onto tracks created within the natural hair. The HelloNation article explains that this method takes longer to install and requires professional removal. It can provide significant length and fullness, but it is generally better suited for clients with enough density to support the added weight without stressing fine hair.

The article describes hand-tied rows as durable and secure, making them a practical choice for long-term wear. They tend to work well for individuals who frequently heat-style their hair or wear it in updos. Proper hair care is essential, including gentle brushing and avoiding heavy products near the sewn areas to reduce tangling and strain.

Tape rows combine elements of both approaches. The HelloNation article explains that strips are sewn into a row and then reinforced with tape or bonding for added stability. This technique is lighter than full hand-tied rows yet more durable than traditional tape-ins. Tape rows can be installed in multiple rows to increase hair volume while balancing comfort and longevity.

Maintenance for tape rows involves periodic repositioning by a stylist. The article notes that this option is often recommended for clients seeking a middle ground between flexibility and extended wear. It provides structure without requiring the same level of long-term commitment as full hand-tied rows.

The HelloNation article emphasizes that lifestyle plays a key role in choosing the right method. Tape-ins may suit busy schedules due to quicker appointments and simpler upkeep. Hand-tied rows may appeal to those who prefer secure extensions that handle frequent styling. Tape rows offer a balanced solution for clients who want durability along with moderate hair maintenance.

Ultimately, the article underscores that protecting natural hair should remain the priority. Professional placement, consistent salon check-ups, and careful at-home hair care reduce tension and prevent damage. By understanding how tape-ins, hand-tied rows, tape rows, hair extensions, fine hair, hair maintenance, hair volume, and hair care all connect, readers can make informed decisions that align with both style goals and hair health.

Tape-Ins, Hand-Tied Rows, or Tape Rows: Choosing the Best Extension features insights from Rachel Swartz McCooey, Hair Expert of Rochester, New York, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-hair-expert-rachel-swartz-mccooey-explains-tape-ins-hand-tied-rows-and-tape-rows-for-hair-extensions-and-fine-hair-care-302805441.html

SOURCE HelloNation

Continue Reading

Technology

Media Advisory – Minister Hodgson to make nuclear energy announcement

Published

on

By

NEWMARKET, ON, June 19, 2026 /CNW/ – The Honourable Tim Hodgson, Minister of Energy and Natural Resources, will make a significant announcement about Canada’s nuclear energy direction. Media availability will follow.  

Prior to the Minister’s press conference, Government of Canada officials will host an embargoed media technical briefing.

1)  Media Technical Briefing

Event: Virtual (via Zoom)
Date: Monday, June 22, 2026
Time: 11:00 a.m. ET

2)  Press Conference

Event: Hybrid (in person and virtual)
Date: Monday, June 22, 2026
Time: 12:30 p.m. ET

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

Embargo Terms

By participating, media understand and agree to the terms of the embargo. The embargo on the documents and information provided will remain in effect until Minister Hodgson starts delivering his remarks at the press conference on June 22, 2026. Participants will not publicly discuss or release the materials or information in any manner until the embargo is lifted.

The technical briefing will be on background only and on a not-for-attribution basis. Should the terms of the embargo be breached, participants and/or their organizations may not be permitted to participate in future Government of Canada embargoed briefings. 

Accessing Embargoed Documents

Participants should contact Media Relations at the Department of Natural Resources Canada at media@nrcan-rncan.gc.ca to receive briefing materials in advance. By receiving materials in advance, participants agree to keep them under embargo until the embargo is lifted, as per above.

Follow Natural Resources Canada on LinkedIn.

SOURCE Natural Resources Canada

Continue Reading

Trending