Unmanned underwater vehicles (UUV) are self-propelled vehicles, typically deployed from a surface vessel without any human operator onboard. These vehicles are designed to operate independently (or by a remote controller) for periods ranging from a few hours to several days.UUVs have received significant attention worldwide and increasingly being widely used across numerous applications. Some of the popular applications of UUV include surveillance, reconnaissance, mine countermeasures, ocean floor mapping, pipeline inspection, polar ice research, anti—submarine warfare and several others.
The most prominent factor driving the overall UUV market include consistently rising investment by the defense departments on undersea drones. UUVs are capable of operating in conditions where humans are incapable of reaching. This makes UUVs highly suitable for performing difficult tasks submerged in water. Another major factor fueling the market growth is the growing adoption of these drones from the oil & gas sector. Nevertheless, factors such as limited battery life and underwater communication barriers pose significant barrier to the market growth.
The report titled “GlobalUnmanned Underwater Vehicles (UUV)Market – Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global unmanned underwater vehicles market along with the market size and estimates for the duration 2015 to 2030. The said research study covers in-depth analysis of market segments based on product type, operating depth, applications and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading unmanned underwater vehicles vendors, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report are Kongsberg Maritime AS, Boeing Company, Bluefin Robotics Corporation (General Dynamics Corporation), Raytheon Company, Teledyne Technologies, Inc., Lockheed Martin Corporation, Saab Group, Subsea 7 S.A., Thales Group, BAE Systems Plc. and several others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global unmanned underwater vehicles market, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above-mentioned factors.
Currently, the overall unmanned underwater vehicles market is led by the remotely operated vehicles (ROV) segment. As of 2021, the segment contributes to more than fifty percent of the total revenue generated worldwide. These are typically tethered drones and are controlled remotely by a human operator. ROVs are popularly used for oceanic survey, pipeline inspection and environmental research. These vehicles are typically equipped with a camera and lights. Other payloads include sensors, SONAR, magnetometers and few others.
In the following years, autonomous underwater vehicles (AUV) and hybrid underwater vehicles segments are set to exhibit the highest growth. Most of the applications now demand preprogrammed UUVs that can carry out the given task with minimal human intervention. Growing investment for advancement of UUVs is estimated to result into higher adoption of AUVs and hybrid vehicles over the forecast period.
The overall unmanned underwater vehicles market is led by the North America region, as of 2021. The region contributes to more than fifty percent of the total revenue generated worldwide. The market here is principally backed by the U.S. accounting for nearly 90% of the total regional revenue. Due to high investment over undersea drones, the demand for UUVs is estimated to remain strong in the region over the forecast period. Subsequently, the region would continue dominating the market throughout the forecast period.
In the following years, Asia Pacific and Europe are set to emerge as the fastest-growing markets for UUVs. The Europe UUV market is primarily governed by Russia, the U.K. and France having strong expenditure over UUVs. Similarly, in Asia Pacific, China and Japan are the major consumers of UUVs. The demand for UUVs in Asia Pacific is set to increase due to rising territorial disputes in Asia Pacific waters.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Unmanned Underwater Vehicles (UUV) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
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Operating
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More than 3,000m
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
