Unmanned Underwater Vehicle Uuv Market
Unmanned Underwater Vehicle (UUV) Market Forecasts to 2028 - Global Analysis By Type (Remotely Operated Vehicle (ROV) and Autonomous Underwater Vehicle (AUV)), By Product Type (High-Capacity Electric Vehicle, Small Vehicle and Other Product Types), By Propulsion System (Mechanical System, Electric System and Other Propulsion Systems), By Payload (Sensors, Camera and Other Payloads), Shape (Multi Hull Vehicle, Streamlined Rectangular Style and Other Shapes), Depth (Shallow AUVS (Depth up to 100 m), Medium AUVS (Depth up to 1,000 m) and Other Depths), Speed (Less than 5 knots and More than 5 knots), Application (Defense, Scientific Research and Commercial Exploration) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $2.93 BN |
|
Projected Year Value (2028) |
US $8.07 BN |
|
CAGR (2022 - 2028) |
18.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Unmanned Underwater Vehicle (UUV) Market is accounted for $2.93 billion in 2022 and is expected to reach $8.07 billion by 2028 growing at a CAGR of 18.4% during the forecast period. Self-propelled, unmanned underwater vehicles (UUVs) are usually deployed from a surface vessel and do not include a human operator on board. These vehicles are intended to operate independently (or with a remote controller) for a number of hours to several days. UUVs have attracted substantial attention from around the world and are being utilised increasingly in a wide range of applications. UUVs are widely used for surveillance, reconnaissance, mine countermeasures, ocean floor mapping, pipeline inspection, polar ice research, and anti-submarine warfare, among several other applications.
According to the United Nations Conference on Trade and Development (UNCTAD), global maritime transport has plunged by 4.1% in 2020 due to unexpected disruption.
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Market Dynamics:
Driver:
Growing Deep-Water Oil & Gas Production Propels the Market Growth
Over the projection period, it is predicted that deep oil wells, which are about 400 feet deep, have been discovered as a result of Shell's success with deep-water well exploration programs. The new exploration project will likely produce more than 900,000 barrels of oil. Rising energy consumption will promote deep-sea exploration, which will further boost market demand. Furthermore, oil and gas companies frequently use UUVs for accurate seafloor surveys prior to beginning subsea infrastructure projects. Additionally, these unmanned vehicles are used for a number of commercial tasks, including mapping or imaging the seafloor and conducting research on pipeline disruption in the water environment.
Restraint:
Lack of effective communication system
Due to the information being distorted under the water, communication and signal transmission are two of the major issues with unmanned underwater vehicle technology. The basis of communication is the transmission of acoustic waves, which can be delayed by up to two seconds due to slow movement. Additionally, environmental factors that interfere with signal transmission include reflection, refraction, and signal absorption. Many producers use expensive laser communication technology, which raises the price of the finished product.
Opportunity:
Growing Concerns
Owing to maritime piracy and maritime terrorism, substantial human and financial expenses are incurred, which are major issues and hazards to international shipping. Moreover, maritime security is also challenged by port security, maritime drug smuggling, and migrant smuggling. Furthermore, the expanding usage of UUVS to combat these threats and enhance maritime security through ISR operations is anticipated to fuel market expansion.
Threat:
Design and operational
Naval forces have several operating opportunities with an unmanned sea system. Moreover, this system also has certain challenging design issues as well as operational constraints. Additionally, unmanned underwater vehicle operating restrictions include those related to payload carrying capacity, increased range, speed, and endurance. These devices incur communication problems due to their underwater deployment. This is mostly owing to transmissions being distorted by water waves, with additional obstacles arising from maritime debris.
Covid-19 Impact:
Lockdowns and partial industrial closures during the COVID-19 outbreak had a negative influence on manufacturing facilities all around the world. Companies have taken severe measures, including as shutting down plants, to contain COVID-19 global expansion and protect workers. Due to the delays in production and delivery, the market for UUVs experienced a proportional decline in revenue for product and technology providers as well as raw material suppliers as a result of the rapid enforcement of lockdowns. Nevertheless, the market has started to rebound and commence a rising pattern from the final quarter of 2020.
The remotely operated vehicle (ROV) segment is expected to be the largest during the forecast period
During the forecast period, it is estimated that underwater tethered vehicles, which are operated remotely are tethered to a controller by a network of cables. These cables are in charge of transmitting command and control signals from the underwater vehicle, enabling the vehicle to be operated remotely. ROVs are being used increasingly for a wide range of tasks, including offshore drilling, security and safety inspections, ocean data collection and mapping, and mineral extraction.
The mechanical system segment is expected to have the highest CAGR during the forecast period
As the mechanical system includes designing, prototyping, and manufacturing various AUV components, the mechanical systems segment indicates incredible growth. AUV's structural frame, pressure hulls, and payload actuation are some of the main mechanical components. Mechanical systems will become high in demand as the demand for AUVs rises.
Region with largest share:
With the majority of the market share in North America, the United States dominates the global market as a producer, operator, and exporter. The use of remotely controlled vehicles (ROVs) in the commercial and defence sectors is anticipated to increase, which will lead to a rise in the production of ROVs in North America. Furthermore, the market in this region is expanding as several autonomous underwater vehicles (AUVs) are used to conduct deep-water surveys for oil and gas extraction.
Region with highest CAGR:
The increase in defence sector investment from several nations, including India, China, Japan, and South Korea, is essential for the growth. The nations have raised their defence budgets and acquired more cutting-edge UUVs for use in Asia-Pacific naval operations. Furthermore, the demand for UUVs for oceanographic research and mining exploration has grown significantly over the past few years.
Key players in the market
Some of the key players in Unmanned Underwater Vehicle (UUV) market include International Submarine Engineering, Fugro, Kongsberg Gruppen, Boston Engineering Corporation, General Dynamics Corporation, Teledyne Technologies Incorporated, Saab AB, Kongsberg Maritime, The Boeing Company, TechnipFMC plc, Atlas Elektronik GmbH, Oceaneering International, Inc., BAE Systems plc, Bluefin Robotics Corporation and Lockheed Martin Corporation
Key Developments:
In February 2020, Fugro signed a contract with Aker Energy for geotechnical and geophysical survey services in relation to the Pecan field, offshore Ghana. Under the agreement, geophysical survey data was acquired using the Fugro searcher and Fugro’s deep-water AUVs fleet.
Types Covered:
• Remotely Operated Vehicle (ROV)
• Autonomous Underwater Vehicle (AUV)
Product Types Covered:
• High-Capacity Electric Vehicle
• Small Vehicle
• Work-Class Vehicle
• Heavy Work-Class Vehicle
• Man Portable
• Light Weight Vehicles
• Large Vehicles
• Heavy Weight Vehicles
Propulsion Systems Covered:
• Mechanical System
• Electric System
• Hybrid System
• Diesel/Gasoline Engine
• Solar
• Non Electric Systems
Payloads Covered:
• Sensors
• Camera
• Inertial Navigation System
• Synthetic Aperture Sonar
• Other Payloads
Shapes Covered:
• Multi Hull Vehicle
• Streamlined Rectangular Style
• Laminar Flow Body
• Torpedo
Depths Covered:
• Shallow AUVS (Depth up to 100 m)
• Medium AUVS (Depth up to 1,000 m)
• Large AUVS (Depth more than 1,000 m)
Speeds Covered:
• Less than 5 knots
• More than 5 knots
Applications Covered:
• Defense
• Scientific Research
• Commercial Exploration
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Unmanned Underwater Vehicle (UUV) Market, By Type
5.1 Introduction
5.2 Remotely Operated Vehicle (ROV)
5.3 Autonomous Underwater Vehicle (AUV)
6 Global Unmanned Underwater Vehicle (UUV) Market, By Product Type
6.1 Introduction
6.2 High-Capacity Electric Vehicle
6.3 Small Vehicle
6.4 Work-Class Vehicle
6.5 Heavy Work-Class Vehicle
6.6 Man Portable
6.7 Light Weight Vehicles
6.8 Large Vehicles
6.9 Heavy Weight Vehicles
7 Global Unmanned Underwater Vehicle (UUV) Market, By Propulsion System
7.1 Introduction
7.2 Mechanical System
7.3 Electric System
7.3.1 Fully Electric
7.4 Hybrid System
7.5 Diesel/Gasoline Engine
7.6 Solar
7.7 Non Electric Systems
8 Global Unmanned Underwater Vehicle (UUV) Market, By Payload
8.1 Introduction
8.2 Sensors
8.3 Camera
8.4 Inertial Navigation System
8.5 Synthetic Aperture Sonar
8.6 Other Payloads
9 Global Unmanned Underwater Vehicle (UUV) Market, By Shape
9.1 Introduction
9.2 Multi Hull Vehicle
9.3 Streamlined Rectangular Style
9.4 Laminar Flow Body
9.5 Torpedo
10 Global Unmanned Underwater Vehicle (UUV) Market, By Depth
10.1 Introduction
10.2 Shallow AUVS (Depth up to 100 m)
10.3 Medium AUVS (Depth up to 1,000 m)
10.4 Large AUVS (Depth more than 1,000 m)
11 Global Unmanned Underwater Vehicle (UUV) Market, By Speed
11.1 Introduction
11.2 Less than 5 knots
11.3 More than 5 knots
12 Global Unmanned Underwater Vehicle (UUV) Market, By Application
12.1 Introduction
12.2 Defense
12.3 Scientific Research
12.4 Commercial Exploration
13 Global Unmanned Underwater Vehicle (UUV) Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 International Submarine Engineering
15.2 Fugro
15.3 Kongsberg Gruppen
15.4 Boston Engineering Corporation
15.5 General Dynamics Corporation
15.6 Teledyne Technologies Incorporated
15.7 Saab AB
15.8 Kongsberg Maritime
15.9 The Boeing Company
15.10 TechnipFMC plc
15.11 Atlas Elektronik GmbH
15.12 Oceaneering International, Inc.
15.13 BAE Systems plc
15.14 Bluefin Robotics Corporation
15.15 Lockheed Martin Corporation
List of Tables
1 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Region (2020-2028) ($MN)
2 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Type (2020-2028) ($MN)
3 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Remotely Operated Vehicle (ROV) (2020-2028) ($MN)
4 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Autonomous Underwater Vehicle (AUV) (2020-2028) ($MN)
5 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Product Type (2020-2028) ($MN)
6 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By High-Capacity Electric Vehicle (2020-2028) ($MN)
7 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Small Vehicle (2020-2028) ($MN)
8 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Work-Class Vehicle (2020-2028) ($MN)
9 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Heavy Work-Class Vehicle (2020-2028) ($MN)
10 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Man Portable (2020-2028) ($MN)
11 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Light Weight Vehicles (2020-2028) ($MN)
12 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Large Vehicles (2020-2028) ($MN)
13 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Heavy Weight Vehicles (2020-2028) ($MN)
14 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Propulsion System (2020-2028) ($MN)
15 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Mechanical System (2020-2028) ($MN)
16 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Electric System (2020-2028) ($MN)
17 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Fully Electric (2020-2028) ($MN)
18 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Hybrid System (2020-2028) ($MN)
19 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Diesel/Gasoline Engine (2020-2028) ($MN)
20 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Solar (2020-2028) ($MN)
21 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Non Electric Systems (2020-2028) ($MN)
22 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Payload (2020-2028) ($MN)
23 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Sensors (2020-2028) ($MN)
24 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Camera (2020-2028) ($MN)
25 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Inertial Navigation System (2020-2028) ($MN)
26 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Synthetic Aperture Sonar (2020-2028) ($MN)
27 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Other Payloads (2020-2028) ($MN)
28 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Shape (2020-2028) ($MN)
29 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Multi Hull Vehicle (2020-2028) ($MN)
30 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Streamlined Rectangular Style (2020-2028) ($MN)
31 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Laminar Flow Body (2020-2028) ($MN)
32 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Torpedo (2020-2028) ($MN)
33 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Depth (2020-2028) ($MN)
34 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Shallow AUVS (Depth up to 100 m) (2020-2028) ($MN)
35 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Medium AUVS (Depth up to 1,000 m) (2020-2028) ($MN)
36 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Large AUVS (Depth more than 1,000 m) (2020-2028) ($MN)
37 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Speed (2020-2028) ($MN)
38 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Less than 5 knots (2020-2028) ($MN)
39 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By More than 5 knots (2020-2028) ($MN)
40 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Application (2020-2028) ($MN)
41 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Defense (2020-2028) ($MN)
42 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Scientific Research (2020-2028) ($MN)
43 Global Unmanned Underwater Vehicle (UUV) Market Outlook, By Commercial Exploration (2020-2028) ($MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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