The unmanned underwater vehicle market is expected to grow from an estimated USD 2.69 billion in 2017 to USD 5.20 billion by 2022, at a CAGR of 14.07% from 2017 to 2022.
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The key players in the Unmanned Underwater Vehicles (UUV) Market include – Teledyne Technologies (US), Subsea 7 (UK), Kongsberg Maritime (Norway), and Oceaneering International Inc. (US).
North America is estimated to be the largest market for unmanned underwater vehicles (UUVs) in 2017. The US is the largest developer, operator, exporter, and consumer of UUVs, globally, which is expected to support the growth of the market in North America.
- UUV Manufacturers
- UUV Dealers
- Sub-component Manufacturers
- Technology Support Providers
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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.
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Based on application, the remotely operated vehicle (ROV) market has been segmented into commercial exploration, defense, scientific research, and miscellaneous. The commercial exploration segment of the market is expected to witness the highest growth during the forecast period.
ROVs are used for several commercial applications, such as survey and seabed mapping, offshore drilling, pipelining, cabling, and inspection several others.
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This research report categorizes the unmanned underwater vehicle market based on type (remotely piloted vehicle (ROV) and autonomous underwater vehicle (AUV) ), ROV product type (small vehicles, high-capacity electric vehicles, work class vehicles, and heavy work class vehicles), AUV product type (man-portable vehicles, lightweight vehicles, heavyweight vehicles. and large vehicles), application (commercial exploration, defense, scientific research, and miscellaneous), propulsion (electric systems, mechanical systems, hybrid systems, and others), payload (sensors, lasers, camera, radars, and others) and maps these segments and sub-segments across the major regions of the world, namely, North America, Europe, Asia Pacific, the Middle East, Latin America and Africa.
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