openPR Logo
Press release

Increasing Demand of UUV's From Navy Applications

03-12-2020 11:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

"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.

"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.

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
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Increasing Demand of UUV's From Navy Applications here

News-ID: 1964333 • Views: 427

More Releases from MarketsandMarkets

Power Grid Market worth $367.4 Billion by 2028
The global Power Grid Market is projected to reach USD 367.4 billion in 2028 from USD 282.1 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. The power grid delivers on-demand electricity from power plants to homes and businesses nationwide. It ensures the optimum use of energy resources, provides greater power supply capacity, and makes power system operations more economical and reliable. Its
Modular Flooring Market | Key players operating in the market include Mohawk Ind …
According to recent market research the "Modular Flooring Market by Product Type (Flexible LVT, Rigid LVT, Carpet Tile, Polyolefin, Rubber, Ceramic), End use (Workplace, Education, Healthcare, Retail, Household) & Region (North America, APAC, MEA, Europe, RoW) - Global Forecast to 2026", The global modular flooring market is estimated to be USD 54.6 billion in 2021 and is projected to reach USD 72.5 billion by 2026, at a CAGR of 5.8%
Military Robots Market Projected to reach $24.2 billion by 2025
Military Robots Market size is projected to grow from USD 14.5 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. Drivers for this market include the increasing use of robots for mine countermeasures and the increasing use of UAVs in life-threatening missions. Download PDF Brochure @ "Growing use of unmanned ground vehicles for combat support and use of Unmanned Aerial Vehicles for
With 13.1% CAGR, GPS Tracking Device Market Growth to Surpass USD 5.7 billion
The GPS tracking device market is projected to grow from USD 3.1 billion in 2023 to USD 5.7 billion in 2028; it is expected to grow at a CAGR of 13.1% from 2023 to 2028. The demand for GPS tracking devices from insurance companies to calculate car insurance premiums and GPS enabling real-time monitoring of commercial vehicles and other critical assets in various end-use industries, such as transportation & logistics

All 5 Releases

More Releases for AUV

ROV/AUV Video Cameras Market 2022 | Detailed Report
According to Market Study Report, ROV/AUV Video Cameras Market provides a comprehensive analysis of the ROV/AUV Video Cameras Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ The report provides a comprehensive analysis of company profiles listed below: - Ageotec - Argus Remote Systems
AUV and ROV Market (2021-2025) | Oligopolistic Conditions Pose Challenges for En …
The extraction of oil & gas (O&G) has shifted away from conventional towards subsea sources. The subsea environment is the most remote and unexplored region on the planet and holds limitless resource potential. Numerous challenges must be overcome to extract O&G from undersea methods with autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV) technology entering conversations. AUV’s and ROV’s are deployed for the maintenance, repair, and inspection of offshore
Global Offshore AUV & ROV Market Research
The Global Offshore AUV & ROV Market is ready to become solid amid the estimate time frame. A portion of the conspicuous patterns that the market is seeing incorporate progressions in electrical engine innovation, flow drift in the sustainable area including the establishment of seaward breeze cultivate locales and expanding vitality utilization. Get sample copy of report : Table of Contents 1 Offshore AUV & ROV Market Overview 1.1 Product
Global Offshore AUV and ROV Market Segmentation by Class (Observation, Work, Int …
Global Offshore AUV and ROV Market will exhibit significant growth over the coming years. Oil and gas production is quickly making a move to more profound subsea regions. The subsea condition is the most remote and unexplored on earth. Working in this condition makes checking and intercession considerably more troublesome, and raises remarkable challenges and frequently some natural issues. Unforgiving natural conditions have prompted the quick improvement of autonomous underwater
AUV Market Share, Applications, Segmentations & Forecast by 2024
Autonomous Underwater Vehicle Market size will gain momentum over the coming years owing to its growing need for reliable security measures at maritime borders. AUVs are being deployed for exploration activities for deep water surveying applications such as pipe surveys in the oil & gas industry. In addition, the rising demand for the systems in the navy and defense sectors majorly attributes toward the AUV market growth. They provide a
Global Offshore AUV Sales Market Report 2017
Researchmoz added Most up-to-date research on "Global Offshore AUV Sales Market Report 2017" to its huge collection of research reports. In this report, the global Offshore AUV market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (Units), revenue