Latest news with #AUVs
Yahoo
4 days ago
- Business
- Yahoo
Asia-Pacific AUV Industry Trends, Competition Intelligence, Growth Opportunities and Market Forecasts to 2030
Market opportunities in the Asia-Pacific AUV sector include increased adoption in defense, driven by regional security needs and advancements in AI, enhancing AUV capabilities. Additionally, there's a growing role for AUVs in deep-sea mining, providing efficient exploration and environmental monitoring solutions. Dublin, June 06, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific AUV Market, By Country, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Asia-Pacific AUV Market was valued at USD 610 Million in 2024 and is expected to reach USD 854 Million by 2030, rising at a CAGR of 5.63%. With continuous technological advancements, AUVs are becoming more sophisticated, offering longer mission durations and enhanced data collection capabilities. Their ability to operate autonomously in harsh underwater environments makes them invaluable tools for both scientific and industrial purposes, shaping the future of marine exploration. Key Market Drivers Growing Investments in Maritime Security and Defense: Geopolitical tensions and maritime disputes in the Asia-Pacific region have led to increased defense budgets and investments in naval modernization programs. Countries such as China, India, Japan, and South Korea are actively developing and deploying AUVs for surveillance, intelligence gathering, mine countermeasures, and anti-submarine warfare. AUVs provide significant advantages in defense applications due to their stealth, endurance, and ability to operate in deep and contested waters. They can conduct reconnaissance missions without being detected, making them invaluable for intelligence operations. Additionally, AUVs assist in underwater mine detection and disposal, reducing risks for naval personnel. With technological advancements, modern AUVs are becoming more sophisticated, featuring artificial intelligence, machine learning, and enhanced communication systems. Governments are increasingly funding research and development (R&D) projects to improve AUV capabilities, further boosting the market. Key Market Challenges High Cost of Development and Deployment: One of the most significant challenges facing the Asia-Pacific AUV market is the high cost associated with the development, manufacturing, and deployment of AUVs. The production of AUVs involves cutting-edge technologies, including advanced sensors, artificial intelligence, high-capacity batteries, and sophisticated navigation systems. These components are expensive to design and integrate, making AUVs costly for many organizations, particularly smaller research institutions and private companies. In addition to initial manufacturing costs, operational expenses are also substantial. Deploying AUVs for extended underwater missions requires specialized infrastructure, such as research vessels, docking stations, and maintenance facilities. The need for highly trained personnel to operate, monitor, and repair these vehicles further increases overall costs. Many countries in the Asia-Pacific region, especially developing economies, struggle to allocate sufficient budgets for AUV technology, limiting their adoption. Another major cost factor is the risk of loss or damage. AUVs operate in extreme underwater environments where strong currents, unpredictable obstacles, and deep-sea pressure pose serious threats. If an AUV malfunctions or becomes lost, replacing it can be expensive and time-consuming. This risk discourages many organizations from heavily investing in AUV technology, slowing down market growth. To overcome this challenge, governments and private companies must work together to reduce costs through increased funding for research and development (R&D), economies of scale in production, and technological innovations that enhance AUV reliability and efficiency. Additionally, partnerships between established AUV manufacturers and emerging markets can help lower costs and make AUVs more accessible across the region. Key Market Trends Increasing Adoption of AUVs in Deep-Sea Mining: The demand for rare earth metals and minerals has surged due to their essential role in manufacturing electronics, renewable energy components, and high-tech industries. The Asia-Pacific region, particularly countries like China, Japan, and South Korea, is at the forefront of deep-sea mining initiatives. AUVs are becoming integral tools in this sector, helping to map the seafloor, locate mineral deposits, and assess environmental impacts. AUVs provide a cost-effective and safer alternative to human-operated submarines for deep-sea mining exploration. These vehicles are equipped with sonar systems, magnetometers, and high-resolution cameras, enabling them to survey and collect valuable geological data from extreme ocean depths. Their ability to operate autonomously for extended periods reduces the need for costly deep-sea manned missions. Despite concerns over the environmental impact of deep-sea mining, governments and private firms continue investing in AUV technology to ensure more precise and minimally invasive exploration. As regulatory frameworks evolve, AUVs will play a crucial role in ensuring responsible resource extraction, further driving market growth in this segment. In May 2024, Impossible Metals announced the successful deep-water test of its Eureka II AUV, designed specifically for deep-sea mineral harvesting. This test, conducted at a depth of approximately 1,600 meters (one mile), marks a significant milestone in autonomous underwater operations for resource extraction. Advancements in AI and Machine Learning for AUV Operations: Artificial Intelligence (AI) and machine learning are revolutionizing AUV capabilities, making them more efficient, adaptive, and intelligent. AI-driven AUVs can autonomously analyze underwater environments, detect anomalies, and make real-time navigation decisions, reducing human intervention. This trend is particularly strong in countries like China, Japan, and Australia, where significant research and development investments are being made in AI-powered underwater robotics. Machine learning algorithms enhance AUVs by improving their ability to recognize patterns in sonar imaging, optimize navigation routes, and adapt to unpredictable underwater conditions. These advancements are crucial for applications such as seabed mapping, marine habitat monitoring, and underwater infrastructure inspection. Additionally, AI-powered AUVs are increasingly used in defense and security operations, as they can autonomously detect underwater threats, monitor enemy activities, and perform surveillance without requiring constant remote control. As AI technology continues to improve, AUVs will become even more capable, expanding their applications across multiple industries in the Asia-Pacific region. Key Players in Asia-Pacific's AUV Market: Kongsberg Gruppen ASA General Dynamics Corporation Lockheed Martin Corporation Saab AB Teledyne Technologies Incorporated L3Harris Technologies Inc. BAE Systems plc Exail Technologies Research Scope Asia-Pacific AUV Market, By Vehicle Type: Small Medium Large-Size Asia-Pacific AUV Market, By End User: Oil & Gas Defense Research Other Asia-Pacific AUV Market, By Country: China India Japan Australia South Korea Indonesia Vietnam Singapore Rest of Asia-Pacific Key Attributes Report Attribute Details No. of Pages 121 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $610 Million Forecasted Market Value (USD) by 2030 $854 Million Compound Annual Growth Rate 5.6% Regions Covered Asia-Pacific For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
GMA Network
29-05-2025
- GMA Network
3 dead after closed van rams multiple vehicles in Baguio City
Three people died after a closed van crashed into several vehicles along Bokawkan Road in Baguio City early Wednesday morning, May 29. According to a report by CJ Torida of GMA Regional TV on "24 Oras," the accident happened at around 3:30 a.m. when the closed van rammed into a utility van coming from the opposite direction, before hitting traffic signage and slamming into parked SUVs and AUVs on the roadside. The front of the van was completely wrecked following the multiple collisions. Authorities said the vehicle was heading downhill when the incident occurred. 'Pababa siya. Mabilis at medyo pagewang-gewang. At doon nabangga niya 'yung nakasalubong niyang [Tamaraw FX] paakyat naman ng Bokawkan,' said PMaj. Mary Grace Marron, spokesperson of the Baguio City Police Office. (It was going downhill. Fast and a bit swerving. Then it hit the [Tamaraw FX] coming up Bokawkan.) The driver and two delivery helpers of the closed van were trapped inside the vehicle. Responding authorities had to use a metal saw to retrieve the bodies. 'Unfortunately, 'yung driver ng van at 'yung dalawa nitong pasahero ay binawian ng buhay,' Police Major Mary Grace Marron said. (Unfortunately, the driver and the two passengers of the van died,' she said.) The van was loaded with various auto parts for delivery to locations in Baguio and La Trinidad, Benguet. Authorities clarified that the victims were not under the influence of alcohol. The driver, a native of Marilao, Bulacan, was among those killed. Police are still verifying the identity and residence of the two helpers. Meanwhile, the driver of the utility van initially hit by the closed van sustained injuries and is currently under observation at a hospital. 'Patuloy pa rin pong inaalam kung ano talaga 'yung [sanhi]. Kasi initially po, human error. On going pa rin 'yung pag-i-investigate,' Marron said . (We are still determining the actual cause. Initially, it appears to be human error. The investigation is still ongoing.) Authorities continue to probe the incident to determine the exact cause of the tragic crash.—Sherylin Untalan/LDF, GMA Integrated News
The Sun
21-05-2025
- Business
- The Sun
Malaysia to boost maritime security with advanced surveillance technologies
LANGKAWI: Malaysia will increase investments in advanced surveillance technologies, including the deployment of autonomous unmanned vehicles (AUVs) to further strengthen its maritime security. Defence Minister Datuk Seri Mohamed Khaled Nordin said the country will also enhance intelligence-sharing mechanisms and conduct more joint naval exercises with trusted international partners to ensure preparedness against emerging threats. 'Malaysia will continue to enhance its naval and maritime enforcement capabilities to protect our national interests. 'In addition, we must keep pace with the rise of emerging and disruptive technologies that can optimise our ability to address maritime concerns,' he said in his keynote address at the Malaysia Maritime Conference (MMC), held in conjunction with the Langkawi International Maritime and Aerospace Exhibition 2025 (LIMA'25) here today. Mohamed Khaled said Malaysia will also continue to strengthen its legal framework to combat illegal fishing, marine pollution, and encroachments by foreign vessels. He added that by reinforcing enforcement mechanisms, Malaysia aims to ensure accountability and deter illicit maritime activities. 'True economic prosperity cannot be achieved without maritime security. Both traditional and non-traditional threats - including illegal, unreported and unregulated fishing, piracy, smuggling, and marine pollution, continue to challenge our sovereignty,' he said. He also pointed out that disruptions to global supply chains, shifting geopolitical dynamics, and evolving security threats further underscore the need for a strong and coordinated maritime defence posture. Mohamed Khaled highlighted the role of emerging technologies, particularly the use of artificial intelligence (AI) for data analysis, maritime threat monitoring, and undersea research and exploration. On the conference, he said it must serve as a vital platform for exchanging ideas, fostering partnerships, and refining forward-looking policies to position Malaysia as a leading maritime nation.
The Sun
21-05-2025
- Business
- The Sun
Malaysia to boost maritime security
LANGKAWI: Malaysia will increase investments in advanced surveillance technologies, including the deployment of autonomous unmanned vehicles (AUVs) to further strengthen its maritime security. Defence Minister Datuk Seri Mohamed Khaled Nordin said the country will also enhance intelligence-sharing mechanisms and conduct more joint naval exercises with trusted international partners to ensure preparedness against emerging threats. 'Malaysia will continue to enhance its naval and maritime enforcement capabilities to protect our national interests. 'In addition, we must keep pace with the rise of emerging and disruptive technologies that can optimise our ability to address maritime concerns,' he said in his keynote address at the Malaysia Maritime Conference (MMC), held in conjunction with the Langkawi International Maritime and Aerospace Exhibition 2025 (LIMA'25) here today. Mohamed Khaled said Malaysia will also continue to strengthen its legal framework to combat illegal fishing, marine pollution, and encroachments by foreign vessels. He added that by reinforcing enforcement mechanisms, Malaysia aims to ensure accountability and deter illicit maritime activities. 'True economic prosperity cannot be achieved without maritime security. Both traditional and non-traditional threats - including illegal, unreported and unregulated fishing, piracy, smuggling, and marine pollution, continue to challenge our sovereignty,' he said. He also pointed out that disruptions to global supply chains, shifting geopolitical dynamics, and evolving security threats further underscore the need for a strong and coordinated maritime defence posture. Mohamed Khaled highlighted the role of emerging technologies, particularly the use of artificial intelligence (AI) for data analysis, maritime threat monitoring, and undersea research and exploration. On the conference, he said it must serve as a vital platform for exchanging ideas, fostering partnerships, and refining forward-looking policies to position Malaysia as a leading maritime nation.
The Star
21-05-2025
- Business
- The Star
Malaysia to boost maritime security with advanced surveillance tech
LANGKAWI: Malaysia will increase investments in advanced surveillance technologies, including in autonomous unmanned vehicles (AUVs), to further strengthen maritime security. Defence Minister Datuk Seri Mohamed Khaled Nordin said the country will also enhance intelligence-sharing mechanisms and conduct more joint naval exercises with trusted international partners to ensure preparedness against emerging threats. "Malaysia will continue to enhance its naval and maritime enforcement capabilities to protect our national interests. "We must also keep pace with the rise of emerging and disruptive technologies that can optimise our ability to address maritime concerns," he said in his keynote address at the Malaysia Maritime Conference (MMC), during the Langkawi International Maritime and Aerospace Exhibition 2025 (LIMA'25) here on Wednesday (May 21). Mohamed Khaled said Malaysia will also continue to strengthen its legal framework to combat illegal fishing, marine pollution, and encroachments by foreign vessels. He added that by reinforcing enforcement mechanisms, Malaysia aims to ensure accountability and deter illicit maritime activities. "True economic prosperity cannot be achieved without maritime security. Both traditional and non-traditional threats - including illegal, unreported and unregulated fishing, piracy, smuggling, and marine pollution, continue to challenge our sovereignty," he said. He also pointed out that disruptions to global supply chains, shifting geopolitical dynamics, and evolving security threats further underscore the need for a strong and coordinated maritime defence posture. Mohamed Khaled highlighted the role of emerging technologies, particularly the use of artificial intelligence (AI) for data analysis, maritime threat monitoring, and undersea research and exploration. On the conference, he said it must serve as a vital platform for exchanging ideas, fostering partnerships, and refining forward-looking policies to position Malaysia as a leading maritime nation. - Bernama
