Unmanned Underwater Vehicle (UUV) Market worth US$ 3.99 Billion, at 5.6% CAGR by 2025, In-depth Analysis of Revenue, forecast and Competitive Landscape

Latest market study on Unmanned Underwater Vehicle (UUV) Market 2025 by Types (Remotely Operated Vehicle and Autonomous); and Applications (Commercial, Defense, and Research) - Global Analysis and Forecast", the Unmanned Underwater Vehicle (UUV) Market is estimated to reach US$ 3.99 Bn by 2025 from US$ 2.64 Bn in 2017. The report includes the key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.

Maritime Conflicts to Accentuate the Demand for Unmanned Underwater Vehicle (UUV) Market at a CAGR of 5.6%

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The market for the Unmanned Underwater Vehicle (UUV) Market is concentrated with large numbers of well-established players as well as emerging players across the globe. The major companies operating in the Unmanned Underwater Vehicle (UUV) Market include Kongsberg Gruppen, ECA Group, Teledyne Technologies Inc., Lockheed Martin Corporation, Atlas Elektronik GmbH, Saab AB, Subsea 7 S.A., L-3 Technologies, International Submarine Engineering, and Gabri S.r.L among others.

The report segments the global Unmanned Underwater Vehicle (UUV) Market as follows:

Global Unmanned Underwater Vehicle (UUV) Market - By Type
Remotely Operated Vehicle
Autonomous

Global Unmanned Underwater Vehicle (UUV) Market - By Application
Commercial
Defense
Research

Global Unmanned Underwater Vehicle (UUV) Market - By Geography
North America: U.S., Canada and Mexico.
Europe: France, Germany, Russia and U.K.
Asia Pacific (APAC): China, India, Japan and Rest of APAC
Middle East & Africa (MEA): Saudi Arabia, South Africa, U.A.E. and Rest of MEA
South America (SAM): Brazil

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The global market for Unmanned Underwater Vehicle (UUV) Market is expected to exhibit high growth in near future. The increase in Unmanned Underwater Vehicle (UUV) Market demand is expected to be experienced across the globe. For instance, major navies in the APAC region, especially China and India are emphasizing on the development of submarines, however, the demand for unmanned vehicles are also gaining momentum substantially in order to effectively monitor illegal access in the maritime boundaries of these countries. Despite the factors restraining the market growth, the rising demand for Unmanned Underwater Vehicle (UUV) Market in rapidly developing economies of APAC is projected to generate optimal growth opportunities during the forecast period. Also, increasing activities of Russian submarines around the Scandinavian countries in the Baltic Sea, and near the UK have fueled the demand for the more effective undersea surveillance systems using unmanned vehicles in the European region.

The US, which maintains the position of being the largest Defense spender in the world, is constantly trying to counter Chinese belligerence in the South China Sea. The Asian giant is trying to establish Anti-Access/Area Denial (A2/AD) policy along the international trade routes, which has been opposed by several countries worldwide. The US, following its maritime policies in the Asia Pacific region, has significantly upped its military activities to tap the Chinese expansion. As result, various submerged vessels are being deployed in the region, which is enabling access of technology to the surrounding South East Asian countries, subsequently driving demand for the same. A major threat faced by naval forces is the detection of submarines. Detection of diesel-electric submarines in large oceans has been a very difficult task traditionally as they run on battery when submerged and are more silent than the nuclear submarines. However, nuclear submarines propelled by reactors, which are noisy and always running, can be detected by passive acoustic sensors.

The Unmanned Underwater Vehicle (UUV) Market is segmented by types are Remotely Operated Vehicle (ROVs) and Autonomous. Among the two types of UUVs, The ROVs are heavily adopted among the defense sectors across the globe, pertaining to the demand for enhanced object detection and ISR capabilities. The different types of ROVs used by the industries include free swimming ROVs, bottom-crawling ROVs, and structurally reliant ROVs. The remotely operated vehicles are also deployed by the commercial and research organizations in order to obtain a clear understanding of the undersea environment. The ROVs are also capable of integrating advanced instruments for the measurement and evaluation of temperature, water clarity and penetration of light under the sea surface. Similarly, the autonomous underwater vehicles (AUVs) are completely automated vehicles deployed for inspection of objects, mines, silent submarines and other threats under the seabed.

These vehicles require no human involvement and thereby mitigating the human risk completely. The market for the autonomous underwater vehicle is witnessing an upsurge in the current scenario pertaining to the procurement of advanced technologies among the defense forces, and companies operating in the field of oceanographic surveys. The innovation, development, and adoption of modern technological equipment are allowing naval forces and maritime organizations to effectively synchronize air, naval and land components into a single unit.

North America is accounted for the largest share in global Unmanned Underwater Vehicle (UUV) Market in 2017. APAC is expected to account for the highest growth rate during the forecast period.

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