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In the recent times,
unmanned underwater vehicles (UUVs), also known as underwater drones, are
gaining traction in various commercial, research, and military applications
such as ocean floor mapping, polar ice research, mine countermeasures, pipeline
inspection, and anti-submarine warfare because they enable less/no human
intervention. The growth of the UUV market is highly influenced by the intense
demand of ISR (Intelligence, Surveillance, and Reconnaissance) capabilities and
submarine detection of Defense systems of the countries around the world. As of
2018, global UUV market attained a value of $749.82 million. Furthermore, the
global UUV market demand is projected to rise at a CAGR of 16.91% during the
forecast period 2019-2025.
The report is titled:
“Unmanned Underwater Vehicles (UUV) Market: By Type (AUV, ROV, Hybrid); By
Operating Depth (Less than 200m, 200-1000m, 1000-3000m, More than 3000m); By
Size Range (Man-Portable, LWV, HWV, Large); By Application (Defense, Scientific
and Academic Research, Commercial Exploration, Retrieval System); By Geography-
Forecast (2019-2025).” It incorporates an in-depth assessment of the
competitive landscape, market drivers, operating depth analysis, future prospects,
manufacturing cost analysis, end-user industries, production life cycle, market
trends, mergers and acquisitions, market life cycle analysis, market entropy,
supply and demand analysis, and strategic analysis of the global UUV market.
Unmanned Underwater
Vehicles Market: Leading Segments
Based on their operation
type, underwater vehicles are classified into Autonomous Underwater Vehicles
(AUVs) and Remotely Operated Vehicles (ROVs). While ROVs are used in
hydrography by professionals with the help of cables, AUVs can function
independently without real-time human interference. Owing to their commercial
and military benefits, AUVs are cashing on the demand influx in the UUV market.
Hence, the AUV industry is anticipated to grow with a CAGR of 17.28% during the
forecast period.
NASA and the Woods Hole
Oceanographic Institution (WHOI) collectively launched Orpheus which tests the
exploration of undiscovered sea life and offers a future scope to explore the
ocean of Europa (one of the planet Jupiter’s moon). [1] In addition to the
former, the U.S. is embracing its Naval Undersea Warfare Center with R&D,
test and evaluation, and engineering of UUV. These innovations empower the
growth potential of the UUV market in North America. Consequently, North
America held 34.88% regional share in the global UUV market as of 2018.
UUV Market: Disruptive Trends
· The U.S. Military
Researchers are trying to develop deep-dive UUVs and control systems which can
identify and manipulate objects in deep-ocean. These advancements are will
increase the growth prospects of UUV market in the U.S.
· Manufacturers are
incorporating technologies such as artificial intelligence and big data with UUVs
to enhance their applications.
· New subsea-hosted
AUVs are in progress, which when successfully implemented, will provide
cost-effective inspections in subsea infrastructure than ROVs.
UUV Market: Competitive
Landscape
Currently, Oceaneering
International, Subsea 7 S.A., Lockheed Martin Corporation, Saab Group, Boeing
Company, Atlas EleKTronik GmbH, Bluefin Robotics Corporation, Kongsberg
Maritime, and Teledyne Technologies, Inc., are the major players of the global UUVs
market.
Talk to one of our sales
representative about the full report by providing your details in the link
below:
https://www.industryarc.com/support.php?id=7397
Related Reports:
A. Unmanned Aircraft
Systems Market
https://www.industryarc.com/PressRelease/169/unmanned-aircraft-systems-market-research-analysis.html
B. Unmanned Ground
Vehicle Market
What can you expect from
the report?
The unmanned underwater
vehicles market is prepared with the main agenda to cover the following 20
points:
1. Market Size by
Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current
& Future Market Landscape Analysis
9. Mergers &
Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently
Asked Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by
extracting data from our database of reports and annual subscription databases.
We can provide the following free customization:
1. Increase the level of
data in application or end user industry.
2. Increase the number
of countries in geography chapter.
3. Find out market
shares for other smaller companies or companies which are of interest to you.
4. Company profiles can
be requested based on your interest.
5. Patent analysis,
pricing, product analysis, product benchmarking, value and supply chain
analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss
more about our consulting services.
To request for a
proposal, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=7397
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Sales
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About IndustryARC: IndustryARC is a research and consulting
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[1]https://www.businessinsider.com/nasa-drone-submarine-could-hunt-for-sea-life-aliens-2019-2?r=US&IR=T