AUTONOMOUS UNDERWATER VEHICLE MANUFACTURERS MARKET ANALYSIS

Market Challenges And Opportunities

Moreover, the manufacturers of autonomous underwater vehicles adopt various strategies such as acquisitions, collaborations, and product launches to develop unique brand value and enhance market share across the globe. For instance, HUGIN Endurance is a new AUV launched in February 2021 by Kongsberg Maritime, a Norway-based company, which provides systems for positioning, surveying, navigation, and automation to merchant vessels and offshore installations. This has features such as long-range military survey, wide-area mine detection, and features to monitor maritime check points to detect submarines. Another company named Oceaneering International, Inc., a subsea engineering company, acquired C & C Technologies, Inc., a leading provider of ocean mapping services in deep water. This acquisition provided Oceaneering to uses the customized autonomous underwater vehicles of C & C Technologies for ocean mapping.