Hide and seek at the bottom of the sea: Unmanned Underwater Vehicle (UUV) Market Outlook to 2025

The unmanned underwater vehicle market accounted to US$ 2.64 Billion in 2017 and is expected to grow at a CAGR of 5.6% during the forecast period 2018 - 2025, to account to US$ 3.99 Billion by 2025.

The most prominent region in the unmanned underwater vehicle market accounted for North America, pertaining to large number of manufacturers, and suppliers in the region. Moreover, software companies are also enhancing the capabilities of the vehicles by introducing advanced software. In addition, the US Defense authority is continuously investing significant amounts in research and developments, resulting in advanced technology, which in turn is increasing the demand for such unmanned marine systems among US Navy as well as international naval forces. The continuous rise in defense spending towards advanced technologies is driving the unmanned underwater vehicle market.

Request a Sample copy of Report - https://www.theinsightpartners.com/sample/TIPTE100001272/?utm_source=OpenPR-10108

The OEMS operating in unmanned underwater vehicle market are also acquiring contracts from various commercial sectors across the globe to deploy unmanned marine systems in applications such as oil & gas exploration, environmental monitoring, hydrographic and oceanographic among others. Along with these factors, the significant rise in hydrographic and oceanographic studies in the developed countries and developing economies are bolstering the unmanned underwater vehicle market in North America region. On the other hand, countries in Asia Pacific region such as China, Japan, South Korea, and India among others are constantly spending substantial amounts in development and procurement of advanced unmanned underwater vehicles, which is facilitating in growth of unmanned underwater vehicle market. The defense sector in unmanned underwater vehicle market captured the majority of market in Asia Pacific, while the unmanned marine robots are gaining prominence in the commercial sectors of Asia Pacific region, leading the unmanned underwater vehicle market to expand in Asia Pacific at a prime rate over the years.

The Prominent/Emerging Players in the Unmanned Underwater Vehicle Market Research include:
- Kongsberg Gruppen
- Teledyne Technologies Incorporate
- Lockheed Martin Corporation
- SAAB AB
- L3 Technologies Inc.
- Subsea 7 S.A.
- Atlas Electronik GmbH
- International Submarine Engineering Limited
- ECA Group
- Gabri S.r.l

Defense Sector Dominated the Unmanned Underwater Vehicle Market
The unmanned underwater vehicles have wide range of applications in defense sector, commercial sectors, and research organizations. The deployment of such unmanned marine vehicles in naval forces dates long back, and the major defense forces such as the US, the UK, Russia, France, and China are investing substantial amounts in an effort to develop robust technology UUVs. Moreover, the defense forces across the globe are encountering maritime security threats such as seabed mines, submarine warfare, and anti-ship & anti-submarine missiles, among others. These potential threats are pressurizing the defense forces to incorporate unmanned underwater systems to counter these threats and reduce human risk. In addition, the manufacturers operating in unmanned underwater vehicles market are integrating enhanced ISR capabilities and improved sensors for smart and connected underwater vehicles, which is increasing the interest among the defense forces to deploy modern and advanced technology UUVs and strengthen its naval forces. The above mentioned factors are heavily driving the unmanned underwater vehicle market over the years.

Purchase this Report with 20% Customization at - https://www.theinsightpartners.com/buy/TIPTE100001272/?utm_source=OpenPR-10108

Key Elements that the report acknowledges:

- Market size and growth rate during forecast period.
- Key factors driving the Unmanned Underwater Vehicle Market.
- Key market trends cracking up the growth of the Unmanned Underwater Vehicle Market.
- Challenges to market growth.
- Key vendors of Unmanned Underwater Vehicle Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Unmanned Underwater Vehicle Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.

Contact Us
If you have any queries about this report or would like further information, please
contact us:

The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/

About The Insight Partners

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Chemical, Food, Automotive and Defence.

This release was published on openPR.