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Global Unmanned Underwater Vehicle (UUV) Market: By Type; By Application: Commercial Exploration, Defence, Scientific Research, Others; By Payload; By Propulsion System; By Product Type; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Unmanned Underwater Vehicle (UUV) Market Outlook

The global unmanned underwater vehicle (UUV) market stood at a value of around USD 3.9 billion in 2021. The market is further expected to grow at a CAGR of 14.50% in the forecast period of 2022-2027 to attain a value of USD 8.8 billion by 2027.

 

Increasing Demand for Autonomous Underwater Vehicles (AUVs) to Aid the Global Unmanned Underwater Vehicle (UUV) Industry

Based on type, the autonomous underwater vehicle (AUV) segment is predicted to hold a significant market share in the unmanned underwater vehicle (UVV) industry. This growth can be attributed to the increased demand for autonomous underwater vehicles for ocean mapping and the identification of shipwrecks or rocks underwater. In addition, technologically advanced sensors enable autonomous underwater vehicles to function in unchartered territory and deliver accurate data. These factors are expected to contribute to the overall market growth in the forecast period.

 

Global Unmanned Underwater Vehicle (UUV) Market

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North America to Occupy a Significant Market Share in the Global Unmanned Underwater Vehicle (UUV) Industry

North America is predicted to possess a significant share of the unmanned underwater vehicle (UVV) industry in the forecast period. This growth can be attributed to the heightened deployment of unmanned underwater vehicles for defence and commercial activities in the region. In addition, the rising demand for autonomous underwater vehicles to aid in underwater exploration for the oil and gas industry is also predicted to propel the market growth. Meanwhile, the Asia Pacific region is also projected to witness an increased demand for unmanned underwater vehicles in the coming years.

 

Unmanned Underwater Vehicle (UVV): Industry Definition and Segmentation

Unmanned underwater vehicle (UVV) refers to a submersible vehicle, which can be operated without manual intervention and can be operated remotely or independently. These are essential in underwater exploration activities, as manual exploration poses a number of challenges. These vehicles carry built-in sensors for video cameras, thrusters, sonar, and others.

By type, the market is divided into:

  • Remotely Operated Vehicle (ROV)
  • Autonomous Underwater Vehicle (AUV)
  • Hybrid Underwater Vehicle (HUV)

On the basis of application, the market can be segmented into:

  • Commercial Exploration
  • Defence
  • Scientific Research 
  • Others

Based on payload, the industry can be segregated into:

  • Sensors 
  • Synthetic Aperture Sonar
  • Cameras 
  • Inertial Navigation Systems 
  • Others

On the basis of propulsion system, the market can be distributed into:

  • Mechanical 
  • Electric
  • Hybrid 
  • Others

Based on product type, the market can be categorised into:

  • Small Vehicles
  • High-Capacity Electric Vehicles
  • Work Class Vehicles
  • Heavy Work Class Vehicles
  • Man Portable 
  • Light Weight Vehicles 
  • Heavy Weight Vehicles
  • Large Vehicles

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Heightened Demand in the Oil and Gas Industry to Drive the Global Unmanned Underwater Vehicle (UUV) Industry

The increased demand for unmanned underwater vehicles for exploration activities among the oil and gas manufacturers is projected to significantly stimulate the industry growth in the forecast period. This can be associated with the rising energy demands across industry verticals, fuelled by the rapidly increasing global population. In addition, the growing investments by the governments in ocean exploration and the development of defence and warfare technology are anticipated to augment the market growth. Moreover, the rapid technological advancements are estimated to propel the market growth in the forecast period. For instance, in October 2021, QYSEA Technology Co., Ltd., a remotely operated vehicle manufacturer, collaborated with Water Linked to equip QYSEA’s ROV with advanced underwater positioning sensors. These factors are estimated to positively impact the market growth in the forecast period.

 

Key Industry Players in the Global Unmanned Underwater Vehicle (UUV) Market

The report gives a detailed analysis of the following key players in the global unmanned underwater vehicle (UUV) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Oceaneering International Inc.
  • General Dynamics Mission Systems, Inc.
  • TechnipFMC plc
  • Boston Engineering Corporation
  • BaltRobotics Sp.z.o.o.
  • Saab AB
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical
and Forecast Market Analysis by Segment- Type, Application, Payload, Propulsion System, Product Type, Region
Breakup by Type Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), Hybrid Underwater Vehicle (HUV)
Breakup by Application  Commercial Exploration, Defence, Scientific Research, Others
Breakup by Payload Sensors, Synthetic Aperture Sonar, Cameras, Inertial Navigation Systems, Others
Breakup by Propulsion System Mechanical, Electric, Hybrid, Others
Breakup by Product Type Small Vehicles, High-Capacity Electric Vehicles, Work Class Vehicles,
Heavy Work Class Vehicles, Man Portable, Light Weight Vehicles, Heavy Weight Vehicles, Large Vehicles
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Oceaneering International Inc., General Dynamics Mission Systems, Inc.,
TechnipFMC plc, Boston Engineering Corporation, BaltRobotics Sp.z.o.o., Saab AB, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Unmanned Underwater Vehicle (UUV) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Unmanned Underwater Vehicle (UUV) Historical Market (2017-2021) 
    8.3    Global Unmanned Underwater Vehicle (UUV) Market Forecast (2022-2027)
    8.4    Global Unmanned Underwater Vehicle (UUV) Market by Type
        8.4.1    Remotely Operated Vehicle (ROV)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Autonomous Underwater Vehicle (AUV)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Hybrid Underwater Vehicle (HUV)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Unmanned Underwater Vehicle (UUV) Market by Application 
        8.5.1    Commercial Exploration
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Defence
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Scientific Research
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Unmanned Underwater Vehicle (UUV) Market by Payload
        8.6.1    Sensors
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Synthetic Aperture Sonar
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Cameras
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Inertial Navigation Systems
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Others
    8.7    Global Unmanned Underwater Vehicle (UUV) Market by Propulsion System
        8.7.1    Mechanical
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Electric
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Hybrid
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Others
    8.8    Global Unmanned Underwater Vehicle (UUV) Market by Product Type
        8.8.1    Small Vehicles
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021)
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    High-Capacity Electric Vehicles
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021)
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Work Class Vehicles
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021)
            8.8.3.3    Forecast Trend (2022-2027)
        8.8.4    Heavy Work Class Vehicles
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2017-2021)
            8.8.4.3    Forecast Trend (2022-2027)
        8.8.5    Man Portable
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2017-2021)
            8.8.5.3    Forecast Trend (2022-2027)
        8.8.6    Light Weight Vehicles
            8.8.6.1    Market Share
            8.8.6.2    Historical Trend (2017-2021)
            8.8.6.3    Forecast Trend (2022-2027)
        8.8.7    Heavy Weight Vehicles
            8.8.7.1    Market Share
            8.8.7.2    Historical Trend (2017-2021)
            8.8.7.3    Forecast Trend (2022-2027)
        8.8.8    Large Vehicles
            8.8.8.1    Market Share
            8.8.8.2    Historical Trend (2017-2021)
            8.8.8.3    Forecast Trend (2022-2027)
    8.9    Global Unmanned Underwater Vehicle (UUV) Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Oceaneering International Inc.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    General Dynamics Mission Systems, Inc.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    TechnipFMC plc
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Boston Engineering Corporation
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    BaltRobotics Sp.z.o.o.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Saab AB
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Unmanned Underwater Vehicle (UUV) Market: Key Industry Highlights, 2017 and 2027
2.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Payload (USD Billion), 2017-2021
7.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Payload (USD Billion), 2022-2027
8.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Propulsion System (USD Billion), 2017-2021
9.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Propulsion System (USD Billion), 2022-2027
10.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Product Type (USD Billion), 2017-2021
11.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
12.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Region (USD Billion), 2017-2021
13.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Region (USD Billion), 2022-2027
14.    North America Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    North America Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Europe Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Europe Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Asia Pacific Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Asia Pacific Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Latin America Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Latin America Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Middle East and Africa Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2017-2021
23.    Middle East and Africa Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2022-2027
24.    Global Unmanned Underwater Vehicle (UUV) Market Structure

Key Questions Answered in the Report

In 2021, the global unmanned underwater vehicle (UUV) market attained a value of nearly USD 3.9 billion.

The market is projected to grow at a CAGR of 14.50% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 8.8 billion by 2027.

The major drivers of the industry, such as the increased demand for ocean exploration activities, rapid technological advancements, heightened government investments in the development of underwater defence infrastructure, and the rising investments in the research and development of unmanned underwater vehicle technology by the leading manufacturers, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the increased demand in the oil and gas industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant types include remotely operated vehicle (ROV), autonomous underwater vehicle (AUV), and hybrid underwater vehicle (HUV).

The significant applications include commercial exploration, defence, scientific research, and others.

The significant payloads include sensors, synthetic aperture sonar, cameras, inertial navigation systems, and others.

The different propulsion systems include mechanical, electric, hybrid, and others.

The major product types, include small vehicles, high-capacity electric vehicles, work class vehicles, heavy work class vehicles, man portable, light weight vehicles, heavy weight vehicles, and large vehicles.

The major players in the industry are Oceaneering International Inc., General Dynamics Mission Systems, Inc., TechnipFMC plc, Boston Engineering Corporation, BaltRobotics Sp.z.o.o., Saab AB, and others.

Analyst Review

The global unmanned underwater vehicle (UUV) market attained a value of USD 3.9 billion in 2021, driven by the increased demand in the oil and gas industry. Aided by increasing investments in the research and development of UUV technology, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 14.50%. The market is projected to reach USD 8.8 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into remotely operated vehicle (ROV), autonomous underwater vehicle (AUV), and hybrid underwater vehicle (HUV). On the basis of application, the industry can be segmented into commercial exploration, defence, scientific research, and others. Based on payload, the industry can be segregated into sensors, synthetic aperture sonar, cameras, inertial navigation systems, and others. The industry can be categorised based on propulsion system into mechanical, electric, hybrid, and others. On the basis of product type, the market can be divided into small vehicles, high-capacity electric vehicles, work class vehicles, heavy work class vehicles, man portable, light weight vehicles, heavy weight vehicles, and large vehicles. The major regional markets for unmanned underwater vehicle (UUV) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Oceaneering International Inc., General Dynamics Mission Systems, Inc., TechnipFMC plc, Boston Engineering Corporation, BaltRobotics Sp.z.o.o., Saab AB, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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