SIASUN(SZ:300024) Chan Ye Xin Xi Wang·2025-09-01 01:16Core Insights - The Chinese autonomous underwater vehicle (AUV) industry is experiencing a dual leap in technology and industry, moving from early models to leading positions in deep-sea exploration over the past 40 years [1][6] - The market size of the underwater robot industry is expected to grow from 5.28 billion yuan in 2020 to 20.88 billion yuan by 2025, with a compound annual growth rate (CAGR) exceeding 33% [1][13] - AUVs with autonomous navigation and intelligent decision-making capabilities are accelerating from the technology validation phase to large-scale applications, becoming a crucial support for the trillion-level deep-sea economy [1][13] Industry Overview - Autonomous underwater vehicles (AUVs) are intelligent systems that operate underwater without real-time human intervention, relying on pre-set programs or artificial intelligence for decision-making [2] - AUVs differ from remotely operated vehicles (ROVs) as they possess complete autonomous navigation capabilities, allowing them to perform various underwater tasks independently [2][5] Development History - The development of AUV technology in China has progressed through several stages: initial development in the 1980s-1990s, system construction from 2000-2010, breakthroughs in deep-sea and intelligent technology from 2011-2020, and accelerated industrialization from 2021 to present [6][12] Driving Factors - The demand for deep-sea resource development is surging, making AUVs essential for deep-sea exploration, especially in mining and oil and gas sectors [8] - Continuous policy support and strategic positioning have been established, with AUVs recognized as "national key equipment" under China's marine power strategy [9] - Technological integration, including advancements in AI and 5G, is significantly enhancing AUV performance [11] Current Industry Status - The underwater robot industry is projected to grow rapidly, with market size expected to reach 16.7 billion yuan by 2024 and 20.88 billion yuan by 2025 [13][14] - The industry is still in its nascent stage, with significant capital inflow expected as the marine power strategy accelerates [14][16] Competitive Landscape - The market features a dual-track competition between consumer-grade and industrial-grade AUVs, with leading companies focusing on diverse applications [17] - Companies like Yunzhou Intelligent and CITIC Heavy Industries are leading in high-end fields such as deep-sea resource development and marine engineering maintenance [17] Future Trends - The AUV industry is expected to see deep technological integration, diversification of application scenarios, and collaborative ecosystem development [18][19] - AUVs will expand their applications beyond traditional marine engineering to include environmental monitoring, consumer entertainment, and space simulation testing [19][20] - The domestic AUV industry chain is rapidly improving, with a significant increase in the localization rate of core components, enhancing global competitiveness [20]