Unmanned Underwater Vehicles Market - Trends Forecast Till 2028

Market Overview

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

Key Findings

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

Regional Analysis

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.

Competitive Landscape

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

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