Unmanned Underwater Vehicles Market worth $7.4 billion by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 9, 2023 /PRNewswire/ -- The Unmanned underwater vehicles market is estimated to be USD 3.5 billion in 2022 and is projected to reach USD 7.4 billion by 2027, at a CAGR of 16.0% from 2022 to 2027 according to a new report by MarketsandMarkets™. Growth of this market can be attributed to the rise in trade of Unmanned underwater vehicles, developments in the military sector, and unmanned commercial sector.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140710720

Browse in-depth TOC on "Unmanned Underwater Vehicles Market" 

375 – Tables
125 – Figures
400 – Pages

Major players in the Unmanned underwater vehicles market include Kongsberg Maritime (Norway), Saab AB (Sweden), Oceaneering International Inc. (US), The Boeing Company (US), General Dynamics Corp. (US), Teledyne Technologies (US), and ECA Group (France). Other key players in the market are BAE Systems (UK), Huntington Ingalls Industries (US), Mitsubishi Heavy Industries (Japan), Lig Nex 1 (South Korea) and ST Engineering (Singapore). The report covers various industry trends and new technological innovations in the Unmanned underwater vehicles market for the period, 2018-2027.

Need for Ocean Data and Mapping

UUVs are equipped with sensors and payloads and, hence, are useful for ocean research and seabed mapping. They are used to measure water temperature, salinity, pH values, and currents, as well as to help understand the dynamics of the ocean. Such data is also required to create a detailed map for navigation and mineral extraction. Although these activities are also performed by USVs (unmanned surface vehicles), they have high production costs.

OceanAero's Submaran and Triton are unmanned underwater vessels used for this purpose. The UUVs integrate the capabilities of a submarine and a surface sailing vessel and can gather a wide range of data, including environmental monitoring and sampling, remote area monitoring, oceanographic data gathering and hydrography. They are also effective environmental monitoring solutions for research or spill response.

By UUV Type, Market for AUVs is Projected to Grow at Highest CAGR During Forecast Period

Autonomous underwater vehicles have exhibited huge potential in underwater operations. These programmable autonomous robots are utilized for underwater survey missions that include detecting and mapping submerged wrecks, rocks, and obstructions. AUVs can operate in difficult access areas, and provide accurate data as these vehicles are equipped with highly advanced payloads. The US is considered to be a lucrative market for AUVs, owing to increased spending on the procurement and development of AUVs for military applications.

By AUV Shape, Segment for Torpedo Shaped AUVs is Projected to Grow at Highest CAGR During Forecast Period

Torpedoes AUVs are named after the torpedo (electric ray) fish, which is capable of producing an electric discharge in the range of 8 to 220 volts, depending on the species, to stun the prey, as well as for self-defense. Torpedo AUVs are cylindrical with the semi-circular or triangular-shaped hull at one end of the cylinder and thruster at the other end.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=140710720

North America region accounts for largest market share in Unmanned underwater vehicles market

North America led the Unmanned underwater vehicles market in 2021, with the US accounting for the largest share of the regional market. The growing demand for Unmanned underwater vehicles in the US and Canada, and the use of unmanned underwater vehicles in different commercial as well as military applications are key factors driving the market in North America.

Major unmanned underwater vehicles market players present in North America include Oceaneering International Inc. (US), Huntington Ingalls Industries (US), L3harris Technologies (US), Lockheed Martin Corporation (US), Teledyne Technologies (US), Northrop Grumman Corp. (US), and General Dynamics Corp. (US). Other key players present in North America are International Submarine Engineering Ltd. (Canada), and Anduril (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=140710720 

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

Unmanned Surface Vehicle Market by Type (Remotely Operated, Autonomous), System (Propulsion, Payload, Component, Software, Chassis Material, Communication), Application, Hull Type, Endurance, Size, Cruising Speed, and Region (2021-2026)

Drone Taxi Market by Range (Intercity, Intracity), Propulsion (Fully Electric, Hybrid, Electric Hydrogen), Autonomy (Fully Autonomous, Remotely Piloted), Passenger Capacity (Up to 2, 3 to 5, More than 5), System, End Use & Region (2025-2030)

UAV Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region - Global Forecast to 2027

Inertial Navigation System Market by Grade (Marine, Navigation, Tactical, Space, Commercial), Technology (Mechanical, Ring Laser, Fiber Optic, MEMs), Application (Aircraft, Missile, Marine, UAV, UGV, UMV), Component, and Region - Global Forecast to 2022

Military Robots Market by Type (Land, Marine, Airborne), Application, System, Deployment Method, Range, End User (Defense, Homeland Security), Mode of Operation, Propulsion and region (2020-2025)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/unmanned-underwater-vehicles-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/unmanned-underwater-vehicles.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets