The global Unmanned Underwater Vehicles (UUV) market size reached USD 1.96 Billion in 2020 and is expected to register a revenue CAGR of 15.8%, during the forecast period, according to latest analysis by Emergen Research. Some major factors driving global Unmanned Underwater Vehicles market revenue growth include rising concerns regarding coastal protection and naval cross-border threats, increasing defense spending by governments globally, and increased investments by businesses in the oil and gas industry. In addition, increasing defense spending by governments globally is expected to augment revenue growth of the market going ahead.
The study on the Global Unmanned Underwater Vehicles Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Unmanned Underwater Vehicles market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Unmanned Underwater Vehicles industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Unmanned Underwater Vehicles industry.
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Some Key Highlights From the Report
- Autonomous Underwater Vehicles (AUV) segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Autonomous underwater vehicles have major potential in underwater operations, and can conduct aquatic survey activities, including locating and mapping underwater wrecks, stones, and obstacles.
- Electric segment is expected to lead in terms of revenue over the forecast period. Electric unmanned underwater vehicles do not require a complex support system to operate, carry a complete energy source onboard, and do not need external power, which is expected to drive up demand for these vehicles.
- North America is expected to account for a larger revenue share than other regional markets over the forecast period. Increasing use of ROVs in the defense and commercial industries is expected to continue to drive revenue growth of the North America Unmanned Underwater Vehicles (UUV) market going ahead.
Leading Companies of the Unmanned Underwater Vehicles Industry and Profiled in the Report are:
Saab AB, Lockheed Martin Corporation, Kongsberg Gruppen, The Boeing Company, Atlas Elektronik GmbH, General Dynamics Corporation, Oceaneering International, Inc., BAE Systems plc, Boston Engineering Corporation, and Bluefin Robotics Corporation
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Furthermore, the report divides the Unmanned Underwater Vehicles market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global Unmanned Underwater Vehicles (UUV) market on the basis of type, propulsion system, product type, payload, application, and region:
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Hybrid Underwater Vehicles (HUV)
- Remotely Operated Vehicles (ROV)
- Autonomous Underwater Vehicles (AUV)
- Propulsion System Outlook (Revenue, USD Billion; 2018–2028)
- Electric
- Hybrid
- Others
- Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Small Vehicle
- Work Class Vehicle
- High-Capacity Electric Vehicle
- Heavy Work Class Vehicle
- Payload Outlook (Revenue, USD Billion; 2018–2028)
- Cameras
- Sensors
- Synthetic Aperture Sonar
- Inertial Navigation Systems
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Scientific Research
- Commercial
- Defense
- Others
Regional Analysis:
The report sheds light on the region expected to dominate the Unmanned Underwater Vehicles market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Unmanned Underwater Vehicles market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Points of Unmanned Underwater Vehicles Market:
- Extensive coverage of the analysis of the Unmanned Underwater Vehicles market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Unmanned Underwater Vehicles market
- Complete data about the key manufacturers and vendors in the Unmanned Underwater Vehicles market
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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