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Unmanned Underwater Vehicles Market

Unmanned Underwater Vehicles Market by Product Vehicles (High-capacity Electric Vehicles, Work Class Vehicles, Heavy Work Class Vehicles, Man portable, Light Weight Vehicles, and Heavy Weight Vehicles), and by Application (Commercial Exploration, Defense, Scientific Research, and Miscellaneous), by Type (Remotely Operated Vehicle and Autonomous Underwater Vehicle), by Propulsion System (Mechanical, Electric & hybrid) by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/1681 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Unmanned Underwater Vehicles Market Size was valued at USD 2.92 billion in 2021 and US$ 3.42 billion in 2022, expected to reach USD 8.77 billion by 2028, and grow at a CAGR of 17% over the forecast period 2022-2028.

Automated Submerged Vehicles are otherwise called submerged drones, are any submarine vehicles that can work submerged without human mediation. Automated Submerged Vehicles are partitioned into two sections like remotely worked submerged vehicles and independent submerged vehicles. Remotely worked submerged vehicles remotely are constrained by an individual and independent submerged vehicles are worked without human mediation. Automated Submerged Vehicles are helpful for submerged development and examination in the seaward oil and gas businesses.

Unmanned Underwater Vehicles Market Revenue Graph

Progressions in UUV advancements, let’s say higher goal cameras, better controller arms, and more delicate sonar have decreased the time expected to find and assess things. UUV can examine the most profound water under the designs and proposition information that empowers the development business in manners at no other time. the Bluey Trailblazer is furnished with strong Drove lights, a superior quality fixed camera, and four engines that slice through low perceivability water with light-footed preparing, simple activity, and low vehicle support. UUV's can offer capacities in numerous areas especially in the readiness of battlespace notwithstanding region refusal dangers. There are a few advantages of UUV, let’s say more affordable to work, further develop efficiency, simple support, and increments exactness.

The worldwide unmanned underwater vehicle market is likely to expand as the number of naval applications for safety and security increases. Furthermore, a surge in the number of offshore oil and gas operations is likely to boost market expansion in the future. Increased monitoring activities for security, stricter restrictions, and increased government funding all contribute to the expansion of the unmanned underwater vehicles market. However, the economic crisis and defence budget cuts may have a negative impact on the unmanned underwater vehicle business.

MARKET DYNAMICS:

KEY DRIVERS:

  • Rising capital expenditure

  • Deep water oil & gas production rising

RESTRAINTS:

  • High cost of AUV’s

  • Communication system failure

OPPORTUNITIES:

  • Development of technology

  • Long battery life

CHALLENGES:

  • Slow underwater survey speed

  • Deepwater pressures are really high.

THE IMPACT OF COVID-19

The rapid spread of COVID-19 in Europe, the United States, and Asia Pacific has resulted in a significant drop in demand for UUV globally, with a corresponding reduction in revenues for various payload suppliers and service providers across all markets due to late delivery, manufacturing shutdown, limited staff at manufacturing facilities, and limited availability of equipment. According to industry experts, global UUV demand will fully recover by 2022.

The market for unmanned underwater vehicles market is segmented into two parts: autonomous underwater vehicles and remotely operated vehicles. This has the highest CAGR over the forecast period. Autonomous underwater vehicles have shown tremendous promise in underwater activities. These autonomous programmable robots are used for underwater survey missions such as identifying and mapping submerged wrecks, rocks, and impediments. AUVs can operate in difficult-to-reach places and offer precise data since they are outfitted with cutting-edge payloads.

The remotely operated vehicle market has been divided into four applications: commercial exploration, strong defense, scientific research, and others. During the forecast period, the commercial exploration segment of the unmanned underwater vehicle market is predicted to develop the most. ROVs are used for a variety of commercial purposes, including survey and seabed mapping, offshore drilling, pipelining, cabling, and inspection, among others.

The market is divided into Mechanical, Electric, Hybrid, and Others based on Propulsion System. During the forecast period, the electric segment of the global unmanned underwater vehicles market is predicted to develop at the fastest CAGR. This vehicle can function without the use of a complicated support system. During the projection period, the mechanical segment is also predicted to increase at a rapid pace.

The market is divided into small vehicles, work-class vehicles, high-capacity electric cars and many more. Because of rising consumer purchasing power and increased use in applications for observing water column features, monitoring, and benthic zones, tiny vehicles dominated the market.

MARKET KEY PLAYER

SAAB Seaeye, International Submarine Engineering, BAE Systems, Bluefin Robotics, Boston Engineering Corporation, Teledyne Technologies, Atlas Elektronik, Kongsberg Gruppen, Lockheed Martin Corporation, Oceaneering International Inc.

MARKET SEGMENTATION:

by Product Vehicles

  • High-capacity Electric Vehicles

  • Work Class Vehicles

  • Heavy Work Class Vehicles

  • Man portable

  • Light Weight Vehicles

  • Heavy Weight Vehicles

by Application

  • Commercial Exploration

  • Defense

  • Scientific Research

  • Miscellaneous

by Type

  • Remotely Operated Vehicle

  • Autonomous Underwater Vehicle

By Propulsion System

  • Mechanical

  • Electric

  • Hybrid

Unmanned Underwater Vehicles Market Segment Chart

REGIONAL ANALYSIS:

North America is expected to be the greatest market for unmanned underwater vehicles. The United States is the largest developer around the world, exporter operator, and user of UUVs, which is likely to drive market projection in North America. Thus, the increasing applicability of ROVs in the defence and commercial sectors is expected to boost the expansion of the North American remotely operated vehicle market. The primary driver of the North American autonomous underwater vehicles market is the rising usage of autonomous underwater vehicles for deep water surveys for the oil and gas industry that would otherwise be costly.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Unmanned Underwater Vehicles Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.92 Billion
Market Size by 2028 US$ 8.77 Billion
CAGR CAGR of 17% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Vehicles (High-capacity Electric Vehicles, Work Class Vehicles, Heavy Work Class Vehicles, Man portable, Light Weight Vehicles, and Heavy Weight Vehicles)
• By Application (Commercial Exploration, Defense, Scientific Research, and Miscellaneous)
• By Type (Remotely Operated Vehicle and Autonomous Underwater Vehicle)
• By Propulsion System (Mechanical, Electric & hybrid)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles SAAB Seaeye, International Submarine Engineering, BAE Systems, Bluefin Robotics, Boston Engineering Corporation, Teledyne Technologies, Atlas Elektronik, Kongsberg Gruppen, Lockheed Martin Corporation, Oceaneering International Inc.
DRIVERS • Rising capital expenditure
• Deep water oil & gas production rising
RESTRAINTS • High cost of AUV’s
• Communication system failure


Frequently Asked Questions (FAQ) :


Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Unmanned Underwater Vehicles Market, by Product Vehicles

8.1 High-capacity Electric Vehicles

8.2 Work Class Vehicles

8.3 Heavy Work Class Vehicles

8.4 Man portable

8.5 Light Weight Vehicles

8.6 Heavy Weight Vehicles

 

9. Unmanned Underwater Vehicles Market, by Application

9.1 Commercial Exploration

9.2 Defense

9.3 Scientific Research

9.4 Miscellaneous

 

10. Unmanned Underwater Vehicles Market, by Type

10.1 Remotely Operated Vehicle

10.2 Autonomous Underwater Vehicle

 

11. Unmanned Underwater Vehicles Market, by Propulsion System

11.1 Mechanical

11.2 Electric

11.3 Hybrid

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13 Company Profiles

13.1 International Submarine Engineering

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Bluefin Robotics

13.3 Boston Engineering Corporation

13.4 BAE Systems.

13.5 SAAB Seaeye

13.6 Kongsberg Gruppen

13.7 Lockheed Martin Corporation

13.8 Oceaneering International Inc.

13.9 Teledyne Technologies

13.10 Atlas Elektronik

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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