Unmanned Underwater Vehicle (UUV) Market to 2025 - Global Analysis and Forecasts
LONDON, Sept. 3, 2018 /PRNewswire/ -- In the research study on unmanned underwater vehicle market, we have segmented the market on basis of types, application, and geography.Under the segmentation scope, the types segment consists of a remotely operated underwater vehicle and autonomous underwater vehicle.
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The application segment is classified as commercial, military, and research.The unmanned underwater vehicles (UUVs) are the drones operating underwater with or without human interference.
The majority of the global UUV market is captured by the defense forces, owing to the ever-increasing demand for subsea monitoring.Currently, the adoption trend of UUVs is increasing among various commercial sectors such as oil & gas exploration organizations, hydrographic and oceanographic survey organizations, environmental monitoring organizations & search, and recovery teams.
The unmanned underwater vehicles are also being adopted by various scientific research organizations for conducting oceanic studies and maritime surveys, among others.
Unmanned underwater vehicle market is estimated to reach US$ 3.99 Bn by 2025. The major defense forces across the globe are experiencing maritime security threats such as torpedo threats, underwater mines, diesel-electric submarine attacks, and short-range anti-ship missiles among other. Pertaining to these threats, the demand for technological alternatives such as unmanned marine systems are peaking among the defense forces, and advancement in technology has reduced the human risk in critical and complex situations.
Although undersea vehicles operate with human interference, the demand for unmanned solutions are increasing significantly over the time, and due to rise in demand for such robotic technology, the developers are integrating undersea drones with enhanced ISR systems in order to offer the defense forces, with the advanced surveillance capabilities.The applications of the unmanned underwater vehicle include oil & gas exploration centers, hydrography, and oceanography, environmental monitoring among others.
The commercial sectors are increasingly adopting the unmanned undersea technology in order to map and monitor the conditions of sea or ocean as well as explore various oil & gas sites.
The future market for the unmanned underwater vehicle is promising, as the OEMs and other research centers are continually intending to deploy smart and connected technologies, on the sub-sea for efficient monitoring and operate without any human interference.As a result, technologically enriched sensors systems are being developed, which is expected to attract the significant number of industries in the coming years.
Due to high entry barrier to industry, fewer companies are entering the market, also well-established companies operating in the market are coming up with new offerings.Major manufacturers of the unmanned underwater vehicle are based in North America and Europe region.
However, the new growth opportunities are emerging at an exponential rate in the Asia Pacific and the Middle East and Africa region in especially in countries such as China, Japan, India, Saudi Arabia, and UAE among others.
The top companies operating in the field of the unmanned underwater vehicle include Kongsberg Gruppen AG, Teledyne Technologies Incorporated, Lockheed Martin Corporation, Saab AB, L-3 Technologies Inc., Subsea 7, Atlas Elektronik GmbH, International Submarine Engineering Limited, ECA Group and Gabri S.r.l. among others.
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