Unmanned Underwater Vehicles Market, By System (Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis), Product Type (Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, Heavy Work Class Vehicles), Propulsion Systems (Electric Systems, Non-Electric Systems), Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV)), Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi-Hull Vehicle) Application (Commercial, Scientific Research, Defense), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Unmanned Underwater Vehicles Market Overview
The global Unmanned underwater vehicles market is anticipated to reach USD 2.5 billion in 2021 growing at a CAGR of 16.1% during the forecasting period, 2021-2028. Unmanned underwater vehicles have been improvising considerably due to the transformation of technology and changing military combat concepts.
The United States is the most developed country for marine unmanned systems, for instance,
- Echo Voyager, developed by Boeing is capable of carrying 20 Tons of sensors or other equipment without special support vessels
- The Remus 600 is recently used by the British Navy, the US Navy, and the Japanese Maritime Self Defense Force. This UUV is equipped with side-scan sonar
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Key Findings
The global Unmanned underwater vehicles market is segmented into the system, product type, propulsion systems, type, shape, application, and geography.
System segment is segmented into Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis
Product Type is segmented into Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, and Heavy Work Class Vehicles
Propulsion System is segmented into Electric Systems, Non-Electric Systems
Type segment is segmented into Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV)
Shape segment is segmented into Torpedo, Laminar Flow Body, Streamlined Rectangular Style, and Multi-Hull Vehicle
Application segment is segmented into Commercial, Scientific Research, and Defence
Geographically, the global unmanned underwater vehicles market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Unmanned Underwater Vehicles Market Regional Analysis
North America region has come up as the prominent region and is anticipated to take the largest market share in the overall global market during the forecast period 2021-2028.
Unmanned Underwater Vehicles Market Competitive Landscape
Key players
· Lockheed Martin Corporation
· Saab AB
· Kongsberg Gruppen
· Northrop Grumman Corporation
· Oceaneering International Inc.
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The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
- In 2020, Lockheed Martin has won a two-year, USD 12.3 Million contract to assist the Defence Advanced Research Projects Agency form and validate an extra-large unmanned underwater vehicle
Reasons to Acquire in the Unmanned Underwater Vehicles Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
- Gain authentic and granular data access for unmanned underwater vehicles market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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