Unmanned Underwater Vehicles (UUV) Market Worth 5.20 Billion USD by 2022
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.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
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