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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Unmanned Underwater Vehicles (UUV) Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
Study on Unmanned Underwater Vehicles (UUV) Market highlights key players such as Teledyne Technologies (US), Subsea 7 (UK), Kongsberg Maritime (Norway), and Oceaneering International Inc. (US).
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.
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.
Key Points From Table Of Content:
9 Remotely Operated Vehicle Market, By Product Type
9.2 Small Vehicle
9.3 High-Capacity Electric Vehicle
9.4 Work-Class Vehicle
9.5 Heavy Work-Class Vehicle
10 Remotely Operated Vehicle Market, By Propulsion System
10.2 Electric System
10.3 Mechanical System
10.4 Hybrid System
11 Remotely Operated Vehicle Market, By Payload
11.2 Remotely Operated Vehicle, By Payload
11.2.3 Synthetic Aaprture Sonar
11.2.4 Lighting System
11.2.5 Inertial Naviagation System
11.2.6 Video Screen
11.3 Autonomous Underwater Vehicle Market, By Payload
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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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