Unmanned Underwater Vehicles Trends and Forecast
The future of the global unmanned underwater vehicles market looks promising with opportunities in the search & salvage operations, archeological & exploration, oceanography, environmental & meteorological research, oil & gas, and naval & coastal defense markets. The global unmanned underwater vehicles market is expected to reach an estimated $10.6 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are rising concerns about maritime security and cross-border maritime threats and growing capital expenditure of offshore oil and gas companies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Unmanned Underwater Vehicles by Segment
The study includes a forecast for the global unmanned underwater vehicles by type, sub-system, application, end use, and region.
Unmanned Underwater Vehicles Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Remotely Operated Vehicles
• Autonomous Underwater Vehicles
• Hybrid Underwater Vehicles
Unmanned Underwater Vehicles Market by Sub-System [Shipment Analysis by Value from 2018 to 2030]:
• Propulsion
• Drive System
• Collision Avoidance
• Payloads & Imaging
• Communication & Navigation
Unmanned Underwater Vehicles Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Search & Salvage Operations
• Archeological & Exploration
• Oceanography
• Environmental & Meteorological Research
• Oil & Gas
• Naval & Coastal Defense
Unmanned Underwater Vehicles Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Research Institute
• Commercial
• Government
• Defense / Homeland Security
• Others
Unmanned Underwater Vehicles Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Unmanned Underwater Vehicles Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies unmanned underwater vehicles companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the unmanned underwater vehicles companies profiled in this report include-
• The Boeing Company
• Teledyne Technologies
• L3 Harris Technologies
• Lockheed Martin
• Oceaneering International
• SAAB
• Fugro
• General Dynamics
• International Submarine Engineering
• Kongsberg Gruppen
Unmanned Underwater Vehicles Market Insights
Lucintel forecasts that autonomous underwater vehicle will remain the largest segment over the forecast period.
Within this market, naval and coastal defense will remain the largest segment due to rising use of UUVs for undersea reconnaissance.
North America will remain the largest region over the forecast period due to rising adoption of remotely operated vehicles in the defense sectors.
Features of the Global Unmanned Underwater Vehicles Market
Market Size Estimates: Unmanned underwater vehicles market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Unmanned underwater vehicles market size by various segments, such as by type, sub-system, application, end use, and region in terms of value ($B).
Regional Analysis: Unmanned underwater vehicles market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, sub-systems, applications, end uses, and regions for the unmanned underwater vehicles market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the unmanned underwater vehicles market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the unmanned underwater vehicles market size?
Answer: The global unmanned underwater vehicles market is expected to reach an estimated $10.6 billion by 2030.
Q2. What is the growth forecast for unmanned underwater vehicles market?
Answer: The global unmanned underwater vehicles market is expected to grow with a CAGR of 15.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the unmanned underwater vehicles market?
Answer: The major drivers for this market are rising concerns about maritime security and cross-border maritime threats and growing capital expenditure of offshore oil and gas companies.
Q4. What are the major segments for unmanned underwater vehicles market?
Answer: The future of the unmanned underwater vehicles market looks promising with opportunities in the search & salvage operations, archeological & exploration, oceanography, environmental & meteorological research, oil & gas, and naval & coastal defense markets.
Q5. Who are the key unmanned underwater vehicles market companies?
Answer: Some of the key unmanned underwater vehicles companies are as follows:
• The Boeing Company
• Teledyne Technologies
• L3 Harris Technologies
• Lockheed Martin
• Oceaneering International
• SAAB
• Fugro
• General Dynamics
• International Submarine Engineering
• Kongsberg Gruppen
Q6. Which unmanned underwater vehicles market segment will be the largest in future?
Answer: Lucintel forecasts that autonomous underwater vehicle will remain the largest segment over the forecast period due to their robust potential.
Q7. In unmanned underwater vehicles market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising adoption of remotely operated vehicles.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the unmanned underwater vehicles market by type (remotely operated vehicles, autonomous underwater vehicles, and hybrid underwater vehicles), sub-system (propulsion, drive system, collision avoidance, payloads & imaging, and communication & navigation), application (search & salvage operations, archeological & exploration, oceanography, environmental & meteorological research, oil & gas, and naval & coastal defense), end use (research institute, commercial, government, defense / homeland security, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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