Global Unmanned Underwater Vehicles Market Is Anticipated To Reach Around USD 7.64 Billion By 2025

13-Aug-2019 | Zion Market Research

Zion Market Research  has published a new report titled “Unmanned Underwater Vehicles Market By Type (Remotely Operated Vehicle and Autonomous Underwater Vehicle), By Application (Commercial Exploration, Defense, Scientific Research, and Miscellaneous), By Payload (Sensors, Synthetic Aperture Sonar, Inertial Navigation Systems, Cameras, Video Screens, Lighting Systems, and Others), By Propulsion System (Electric, Mechanical, Hybrid, and Others), and By Product Type (Small Vehicles, High-Capacity Electric Vehicles, Work Class Vehicles, Heavy Work Class Vehicles, Man Portable, Light Weight Vehicles, Heavy Weight Vehicles, and Large Vehicles): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global unmanned underwater vehicles market was around USD 2.92 billion in 2018 and is expected to reach approximately USD 7.64 billion by 2025, at a CAGR of slightly above 14.91% between 2018 and 2025.

Unmanned underwater vehicles (UUV), also referred to as underwater drones, are vehicles that can operate underwater without any kind of human interference. The global unmanned underwater vehicles market is growing, owing to its rising applications in the defense and military sector, scientific research applications, and commercial purposes. The rising demand for these vehicles in navel applications for safety and security purposes is another major factor driving the unmanned underwater vehicles market growth. Moreover, the increasing number of offshore oil and gas activities is also expected to propel this market in the future. Additionally, rising surveillance activity for security purposes, increasing rigid rules and regulations, and growing government investments will further accelerate the unmanned underwater vehicles market. Underwater sea exploration for sea mapping and oil and gas pipelines inspection are also stimulating the market. However, the unmanned underwater vehicles market may be negatively affected due to the economic crisis and defense budget cuts.

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Browse the full “Unmanned Underwater Vehicles Market By Type (Remotely Operated Vehicle and Autonomous Underwater Vehicle), By Application (Commercial Exploration, Defense, Scientific Research, and Miscellaneous), By Payload (Sensors, Synthetic Aperture Sonar, Inertial Navigation Systems, Cameras, Video Screens, Lighting Systems, and Others), By Propulsion System (Electric, Mechanical, Hybrid, and Others), and By Product Type (Small Vehicles, High-Capacity Electric Vehicles, Work Class Vehicles, Heavy Work Class Vehicles, Man Portable, Light Weight Vehicles, Heavy Weight Vehicles, and Large Vehicles): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/unmanned-underwater-vehicles-market

By application, the unmanned underwater vehicles market includes commercial exploration, scientific research, defense, and miscellaneous. The defense segment is estimated to hold a substantial market share over the projected time period, owing to the rising need for safety and security. The commercial exploration segment will register good growth, owing to UUV’s uses in underwater activities for commercial purposes like laying gas pipelines and conducting oil inspections.

Global Unmanned Underwater Vehicles Market

Based on payload, the rising demand for synthetic aperture sonar due to its multiple uses in satellites, aircrafts, submarines, and underwater drones that help in tracking missiles and providing translated images are projected to drive this market segment’s growth.

On the basis of the propulsion system, the unmanned underwater vehicles market is segmented into electric, mechanical, hybrid, and others. Hybrid systems are anticipated to hold a substantial market share, owing to the development of improved engines by the manufacturers, to deploy fuel-efficient engines. Moreover, the advantages of UUVs over manual vehicles are also expected to drive this segment.

The Asia Pacific is anticipated to hold a significant share of the unmanned underwater vehicles globally in the years ahead, owing to the presence of developing nations of India and China. Moreover, the leading market players are targeting the Asia Pacific to improve their market penetration with new and improved unmanned underwater vehicles, which will further boost the unmanned underwater vehicles market.

Some leading market players of the unmanned underwater vehicles market are Kongsberg Gruppen, Lockheed Martin Corporation, Teledyne Technologies, Saab Group, Oceaneering International, The Boeing Company, Subsea 7, International Submarine Engineering, Atlas Elektronik, Fugro, and Bluefin Robotics.

This report segments the global unmanned underwater vehicles market into:

Global Unmanned Underwater Vehicles Market: Type Analysis

  • Remotely Operated Vehicle (ROV)
  • Autonomous Underwater Vehicle (AUV)

Global Unmanned Underwater Vehicles Market: Application Analysis

  • Commercial Exploration
  • Defense
  • Scientific Research
  • Miscellaneous

Global Unmanned Underwater Vehicles Market: Payload Analysis

  • Sensors
  • Synthetic Aperture Sonar
  • Inertial Navigation Systems (INS)
  • Cameras
  • Video Screens
  • Lighting Systems
  • Others

Global Unmanned Underwater Vehicles Market: Propulsion System Analysis

  • Electric
  • Mechanical
  • Hybrid
  • Others

Global Unmanned Underwater Vehicles Market: Product Type Analysis

  • Small Vehicles
  • High-capacity Electric Vehicles
  • Work Class Vehicles
  • Heavy Work Class Vehicles
  • Man Portable
  • Light Weight Vehicles
  • Heavy Weight Vehicles
  • Large Vehicles

Global Unmanned Underwater Vehicles Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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