Increasing Demand of UUV's From Navy Applications

"AUV market is expected to grow at higher CAGR during the forecast period."

Based on type, the unmanned underwater vehicle market has been segmented into Remotely Operated Vehicle (ROV) and Autonomous Underwater Vehicle (AUV). The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats. For AUV the growth mainly attributed to the increasing usage of AUVs in defense operations and deep water survey for the oil & gas industry.

https://www.marketsandmarkets.com/Market-Reports/unmanned-underwater-vehicles-market-140710720.html

"The commercial exploration segment of the of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period"

Based on application, the remotely operated vehicle (ROV) market has been segmented into commercial exploration, defense, scientific research, and miscellaneous. The commercial exploration segment of the unmanned underwater vehicle market is expected to witness the highest growth during the forecast period. ROVs are used for several commercial applications, such as survey and seabed mapping, offshore drilling, pipelining, cabling, and inspection several others.

"The unmanned underwater vehicles market in Africa is expected to witness high growth during the forecast period."

North America is estimated to account for the largest share of the unmanned underwater vehicles market in 2017, due to the rising incidences of terrorism and increasing offshore drilling activities in the region. The unmanned underwater vehicles market in Africa is expected to witness the highest growth during the forecast period, owing to the rising oil & gas exploration activities undertaken by countries such as South Africa and Nigeria and the increased use of UUVs in anti-submarine warfare to help detect manned submarine in the region.

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140710720

Oceaneering International (US), Kongsberg Maritime (Norway), Teledyne Technologies, Inc. (US), and Subsea 7 S.A. (UK) are the major players operating in the unmanned underwater vehicle market.

Mr. Sanjay Gupta
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This release was published on openPR.