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Unmanned Underwater Vehicle (UUV) Market

Global Unmanned Underwater Vehicle (UUV) Market Size, Share: By Type; By Application: Commercial Exploration, Defence, Scientific Research, Others; By Payload; By Propulsion System; By Product Type; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Unmanned Underwater Vehicle (UUV) Market Outlook

The global unmanned underwater vehicle (UUV) market stood at a value of around USD 5.11 billion in 2023. The market is further expected to grow at a CAGR of 14.50% in the forecast period of 2024-2032 to attain a value of USD 17.32 billion by 2032.

 

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): Market 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.

 

Global Unmanned Underwater Vehicle (UUV) Market

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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.

 

Global Unmanned Underwater Vehicle (UUV) Market

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Unmanned Underwater Vehicle (UUV) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Unmanned Underwater Vehicle (UUV) Historical Market (2018-2023) 
    8.3    Global Unmanned Underwater Vehicle (UUV) Market Forecast (2024-2032)
    8.4    Global Unmanned Underwater Vehicle (UUV) Market by Type
        8.4.1    Remotely Operated Vehicle (ROV)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Autonomous Underwater Vehicle (AUV)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Hybrid Underwater Vehicle (HUV)
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Unmanned Underwater Vehicle (UUV) Market by Application 
        8.5.1    Commercial Exploration
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Defence
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Scientific Research
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Unmanned Underwater Vehicle (UUV) Market by Payload
        8.6.1    Sensors
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Synthetic Aperture Sonar
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Cameras
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Inertial Navigation Systems
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Unmanned Underwater Vehicle (UUV) Market by Propulsion System
        8.7.1    Mechanical
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Electric
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Hybrid
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others
    8.8    Global Unmanned Underwater Vehicle (UUV) Market by Product Type
        8.8.1    Small Vehicles
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    High-Capacity Electric Vehicles
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Work Class Vehicles
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Heavy Work Class Vehicles
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Man Portable
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Light Weight Vehicles
            8.8.6.1    Historical Trend (2018-2023)
            8.8.6.2    Forecast Trend (2024-2032)
        8.8.7    Heavy Weight Vehicles
            8.8.7.1    Historical Trend (2018-2023)
            8.8.7.2    Forecast Trend (2024-2032)
        8.8.8    Large Vehicles
            8.8.8.1    Historical Trend (2018-2023)
            8.8.8.2    Forecast Trend (2024-2032)
    8.9    Global Unmanned Underwater Vehicle (UUV) Market by Region       
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Unmanned Underwater Vehicle (UUV) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Unmanned Underwater Vehicle (UUV) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Unmanned Underwater Vehicle (UUV) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Unmanned Underwater Vehicle (UUV) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Unmanned Underwater Vehicle (UUV) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
         15.2.1    Oceaneering International Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    General Dynamics Mission Systems, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    TechnipFMC plc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Boston Engineering Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    BaltRobotics Sp.z.o.o.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Saab AB
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Unmanned Underwater Vehicle (UUV) Market: Key Industry Highlights, 2018 and 2032
2.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Payload (USD Billion), 2018-2023
7.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Payload (USD Billion), 2024-2032
8.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Propulsion System (USD Billion), 2018-2023
9.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Propulsion System (USD Billion), 2024-2032
10.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Product Type (USD Billion), 2018-2023
11.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
12.    Global Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Unmanned Underwater Vehicle (UUV) Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Unmanned Underwater Vehicle (UUV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Unmanned Underwater Vehicle (UUV) Market Structure

Key Questions Answered in the Report

In 2023, the global unmanned underwater vehicle (UUV) market attained a value of nearly USD 5.11 billion.

The market is projected to grow at a CAGR of 14.50% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 17.32 billion by 2032.

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 5.11 billion in 2023, 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 2024-2032, growing at a CAGR of 14.50%. The market is projected to reach USD 17.32 billion by 2032.

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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