Uttarakhand News Today

Unmanned Underwater Vehicles (UUV) Market worth $4.4 billion by 2025, at a CAGR of 16.4%

 Breaking News
  • No posts were found

Unmanned Underwater Vehicles (UUV) Market worth $4.4 billion by 2025, at a CAGR of 16.4%

January 11
16:17 2021
Unmanned Underwater Vehicles (UUV) Market worth $4.4 billion by 2025, at a CAGR of 16.4%

Unmanned Underwater Vehicles Market
[380 Pages] Unmanned Underwater Vehicles Market categrizes the Global market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicle), ROV & AUV Market by Application, Product, Propulsion System, System, and Region. COVID-19 Impact on UUV Industry.

According to a research report Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicle), ROV & AUV Market by Application, Product, Propulsion System, System, and Region – Global Forecasts to 2025″, The global UUV market size is projected to grow from USD 2.0 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 16.4% from 2020 to 2025. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140710720

Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US) are some of the leading players operating in the UUV market report.

Browse 465 market data Tables and 72 Figures spread through 380 Pages and in-depth TOC on “Unmanned Underwater Vehicles (UUV) Market – Global Forecasts to 2025″|

Unmanned Underwater Vehicles (UUV) Market

The UUV market includes major players Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect UUV production and services by 25–30% globally in 2020.

Based on application, the commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period.

The commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period. This growth can be attributed to the increased demand for UUVs in commercial applications, such as surveys and seabed mapping, offshore drilling, and pipeline inspection.

Based on the system, the sensors segment of the ROV market is expected to witness the highest growth during the forecast period

The ROV market has been segmented and analyzed based on the system into a propulsion system, collision avoidance system, a navigation system, communication system, sensors, payloads, and chassis. sensors, radars, cameras, lasers, and others. Based on sensors, the camera segment is estimated to be the largest segment of the market in 2017, as high-resolution cameras are the most widely used payloads in various applications. The sensors segment is projected to witness the highest growth, due to the increased use of sensors in the defense sector for scanning, detecting, mapping, and remote sensing. Sensors are also used in the commercial sector to measure the concentration of various elements and compounds and detect the presence of microscopic life.

The market for AUV in North America is projected to have maximum market share during the forecast period

North America is projected to have maximum market share in the autonomous underwater vehicles market during the forecast period. Due to increasing security concerns, the US and Canada are expected to use an autonomous underwater vehicle (AUVs) for various defense operations, such as anti-submarine warfare and surveillance. Autonomous underwater vehicles (AUVs) are used for collecting data related to the seabed. The main driver for the growth of the North America autonomous underwater vehicle market is the increased use of autonomous underwater vehicles (AUVs) for carrying out deepwater surveys for the oil & gas industry that otherwise would have been expensive.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/unmanned-underwater-vehicles-market-140710720.html

Related Articles