Unmanned Underwater Vehicles Market - Trends Forecast Till 2028

Unmanned Underwater Vehicles Market, By System (Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis), Product Type (Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, Heavy Work Class Vehicles), Propulsion Systems (Electric Systems, Non-Electric Systems), Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV)), Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi-Hull Vehicle) Application (Commercial, Scientific Research, Defense), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2021

Base Year Estimate: 2020

Report ID: D-AD-UUVM-58

Format:  

Number of Pages: 324

Domain: Aerospace & Defense

Unmanned Underwater Vehicles Market – Trends Forecast Till 2028

The global Unmanned underwater vehicles market is anticipated to reach USD 2.5 billion in 2021 growing at a CAGR of 16.1% during the forecasting period, 2021-2028. Unmanned underwater vehicles have been improvising considerably due to the transformation of technology and changing military combat concepts. 

The United States is the most developed country for marine unmanned systems, for instance,

  • Echo Voyager, developed by Boeing is capable of carrying 20 Tons of sensors or other equipment without special support vessels 
  • The Remus 600 is recently used by the British Navy, the US Navy, and the Japanese Maritime Self Defense Force. This UUV is equipped with side-scan sonar

Unmanned Underwater Vehicles Market – Trends Forecast Till 2028

The global Unmanned underwater vehicles market is segmented into the system, product type, propulsion systems, type, shape, application, and geography.

System segment is segmented into Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis

Product Type is segmented into Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, and Heavy Work Class Vehicles

Propulsion System is segmented into Electric Systems, Non-Electric Systems

Type segment is segmented into Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV) 

Shape segment is segmented into Torpedo, Laminar Flow Body, Streamlined Rectangular Style, and Multi-Hull Vehicle

Application segment is segmented into Commercial, Scientific Research, and Defence

Geographically, the global unmanned underwater vehicles market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

North America region has come up as the prominent region and is anticipated to take the largest market share in the overall global market during the forecast period 2021-2028.

Key players in the global unmanned underwater vehicles market are Lockheed Martin Corporation, Saab AB, Kongsberg Gruppen, Northrop Grumman Corporation, and Oceaneering International, Inc., among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2020, Lockheed Martin has won a two-year, USD 12.3 Million contract to assist the Defence Advanced Research Projects Agency form and validate an extra-large unmanned underwater vehicle

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Unmanned underwater vehicles market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global unmanned underwater vehicles market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technology development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the unmanned underwater vehicles market.

Primary Respondent breakdown is given below:

Unmanned Underwater Vehicles Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the unmanned underwater vehicles market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for unmanned underwater vehicles market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 2.5 billion

Growth Rate

CAGR of 16.2% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Component, Application, End-User, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Lockheed Martin Corporation, Saab AB,  Kongsberg Gruppen, Northrop Grumman Corporation, Oceaneering International, Inc., and others

Available Customization 

In addition to the market data for unmanned underwater vehicles market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirement.

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