Blockchain Press Releases
Global Autonomous Underwater Vehicle Market to Surpass USD 5.5 Bn By 2031| Growth Market Reports
PUNE, India, June 22, 2023 /PRNewswire/ — According to a recent market study published by Growth Market Reports, titled, “Global Autonomous Underwater Vehicle Market Segments – by Type (Small AUVs (upto 100m depth), Medium AUVs (100m–1000m depth), and Large AUVs (above 1000m depth)), Shape (Torpedo, Streamlined Rectangular Style, Laminar Flow Body, and Multi-hull Vehicle), Technology (Communication System, Collision Avoidance System, Navigation System, and Imaging System), Propulsion System (Mechanical System, Electric System, and Hybrid System), Payload Type (Sensors, Cameras, Echo Sounders, Synthetic Aperture Sonar, Acoustic Doppler Current Profilers, and Others), Application (Scientific Research, Oil & Gas Industry, Military & Defense, Archaeology & explorations, Oceanography, Environment Protection & Monitoring, Seabed Mining, Rescue Activities, and Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 2.01 Bn in 2022 and is expected to surpass USD 5.5 Bn expanding at a CAGR of 14.4% by the end of 2031. Increasing usage of autonomous underwater vehicles for oceanographic, commercial, and military missions is anticipated to fuel the market in the coming years.
Key Market Players Profiled in the Report
- Lockheed Martin Corporation
- General Dynamics Corporation
- Boeing
- Kongsberg
- BAE Systems
- ATLAS ELEKTRONIK GmbH
- International Submarine Engineering Limited
- Eelume AS
- ECA GROUP
- Graal Tech Srl
- ecoSUB Robotics Limited
- HYDROMEA
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include type, shape, technology, application, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
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Regional Highlights:
On the basis of region, the global autonomous underwater vehicle market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global market, owing to the rising procurement of advanced autonomous underwater vehicles by the US Navy for intelligence, surveillance, and reconnaissance operations.
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Key Takeaways from the Study:
- Autonomous underwater vehicles (AUVs) are self-propelled vehicles that are equipped with sensors, actuators, and onboard intelligence.
- These vehicles are widely used to complete survey and sampling tasks with little or no human supervision.
- Rising adoption of AUVs in defense for coastal security, surveillance, and anti-submarine warfare is expected to drive the market during the forecast period.
- Growing exploration activities in the ocean for oil & gas, due to the increasing demand for energy is likely to boost the market.
- Exploring rare earth minerals using AUVs is likely to create immense growth opportunities in the market.
- The medium AUVs segment is projected to expand at the fastest CAGR during the forecast period, due to the rising demand from oil & gas industries for exploration of offshore oil.
- The torpedo segment is anticipated to hold a major share of the market, as it is useful for ground-level mapping and imaging.
- The navigation system segment is expected to expand at a robust growth rate during the forecast period, as this technology offers accuracy in underwater data collection.
- The military & defense segment is projected to dominate the market in the coming years, owing to the rising demand for underwater surveying for border and coastal security.
Read 330 Pages Research Report with Detailed TOC on “Global Autonomous Underwater Vehicle Market Segments – by Type (Small AUVs (upto 100m depth), Medium AUVs (100m–1000m depth), and Large AUVs (above 1000m depth)), Shape (Torpedo, Streamlined Rectangular Style, Laminar Flow Body, and Multi-hull Vehicle), Technology (Communication System, Collision Avoidance System, Navigation System, and Imaging System), Propulsion System (Mechanical System, Electric System, and Hybrid System), Payload Type (Sensors, Cameras, Echo Sounders, Synthetic Aperture Sonar, Acoustic Doppler Current Profilers, and Others), Application (Scientific Research, Oil & Gas Industry, Military & Defense, Archaeology & explorations, Oceanography, Environment Protection & Monitoring, Seabed Mining, Rescue Activities, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 – 2030″
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Key Segments Covered
Type
- Small AUVs (upto 100m depth)
- Medium AUVs (100m–1000m depth)
- Large AUVs (above 1000m depth)
Shape
- Torpedo
- Streamlined Rectangular Style
- Laminar Flow Body
- Multi-hull Vehicle
Technology
- Communication System
- Collision Avoidance System
- Navigation System
- Imaging System
Propulsion System
- Mechanical System
- Electric System
- Hybrid System
Payload Type
- Sensors
- Cameras
- Echo Sounders
- Synthetic Aperture Sonar
- Acoustic Doppler Current Profilers
- Others
Application
- Scientific Research
- Oil & Gas Industry
- Military & Defense
- Archaeology & explorations
- Oceanography
- Environment Protection & Monitoring
- Seabed Mining
- Rescue Activities
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Other Related Reports:
- Underwater Robotics Market Segments – by Applications (Commercial Exploration, Scientific Research, Defense & Security, and Others), Types (Autonomous Underwater Vehicles and Remotely Operated Vehicles), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
- Global Underwater Location Beacon Market by Type (Cockpit Voice Recorder (CVR), Flight Data Recorder (FDR), Others), By Application (Military, Commercial and Civil) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
- Global Armored Unmanned Underwater Vehicle Market by Type (Remotely Operated Vehicles (ROV), Autonomous Underwater Vehicles (AUV))), By Application (ISR (Intelligence, Surveillance, and Reconnaissance), Mine Countermeasures, Security, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
- Global Marine Robotics Market by Type (Autonomous Underwater Vehicles, Unmanned Surface Vehicle, Underwater Gliders, Other), By Application (Defense, Scientific Research, Commercial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
About Growth Market Reports:
Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.
The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.
Dark Visual Design and Storytelling Behind Wukong
The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.
The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.
Key Features of the Wukong Slot Game:
Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.
Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.
Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.
“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.
About BC.GAME
BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.
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Blockchain Press Releases
WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director
SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.
Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.
“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”
“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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