The report "Unmanned
Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle &
Autonomous Underwater Vehicles), ROV & AUV Market by Application, Product,
Propulsion System, Payload, and Region - Global Forecasts to 2022",
published by MarketsandMarkets™, the Unmanned Underwater Vehicles (UUV) market
is estimated at USD 2.69 Billion in 2017 and is projected to reach USD 5.20
Billion by 2022, at a CAGR of 14.07% from 2017 to 2022. 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.
Browse 119 Market Data Tables and 99 Figures spread through 294 Pages
and in-depth TOC on "Unmanned Underwater Vehicles (UUV) Market - Global
Forecasts to 2022"
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"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 payload, the
sensor segment of the unmanned Underwater Vehicles market is expected to
witness the highest growth during the forecast period"
The unmanned Underwater Vehicles
market has been segmented and analyzed based on payload into sensors, radars,
cameras, lasers, and others. 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.
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"The unmanned Underwater
Vehicles market in Africa is expected to witness high growth during the
forecast period."
North America is estimated to
account for the largest share of the unmanned Underwater Vehicles market in
2017, due to the rising incidences of terrorism and increasing offshore
drilling activities in the region. The unmanned Underwater Vehicles market in Africa
is expected to witness the highest growth during the forecast period, owing to
the rising oil & gas exploration activities undertaken by countries such as
South Africa and Nigeria and the increased use of UUVs in anti-submarine
warfare to help detect manned submarine in the region.
Oceaneering International (US),
Kongsberg Maritime (Norway), Teledyne Technologies, Inc. (US), and Subsea 7
S.A. (UK) are the major players operating in the unmanned Underwater Vehicles
market.
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The report segments and analyzes
the unmanned Underwater Vehicles market based on type (remotely operated
vehicle, and autonomous Underwater Vehicles), 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 subsegments across the
major regions, namely, North America, Europe, Asia Pacific, the Middle East,
Latin America, and Africa.
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