Unmanned Underwater Vehicle (UUV) Market: Competitive Analysis, Drivers, and Forecast By 2025 | Kongsberg Gruppen AG, Teledyne Technologies Incorporated, Lockheed Martin Corporation

Latest study on the global market for Unmanned Underwater Vehicle (UUV) Market evaluates historical and current performance of this market, especially highlighting the key trends and growth opportunities. According to the study, the rising demand for this product is driving the global market for Global Unmanned Underwater Vehicle (UUV) Market significantly. The expansion in the various related industry is also expected to reflect positively on the sales of Global product over the next few years.

Unmanned underwater vehicle market is estimated to reach US$ 3.99 Bn by 2025. The major defense forces across the globe are experiencing maritime security threats such as torpedo threats, underwater mines, diesel-electric submarine attacks, and short-range anti-ship missiles among other. Pertaining to these threats, the demand for technological alternatives such as unmanned marine systems are peaking among the defense forces, and advancement in technology has reduced the human risk in critical and complex situations.

In the research study on unmanned underwater vehicle market, we have segmented the market on basis of types, application, and geography. Under the segmentation scope, the types segment consists of a remotely operated underwater vehicle and autonomous underwater vehicle. The application segment is classified as commercial, military, and research. The unmanned underwater vehicles (UUVs) are the drones operating underwater with or without human interference. The majority of the global UUV market is captured by the defense forces, owing to the ever-increasing demand for subsea monitoring. Currently, the adoption trend of UUVs is increasing among various commercial sectors such as oil & gas exploration organizations, hydrographic and oceanographic survey organizations, environmental monitoring organizations & search, and recovery teams. The unmanned underwater vehicles are also being adopted by various scientific research organizations for conducting oceanic studies and maritime surveys, among others.

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The top companies operating in the field of the unmanned underwater vehicle include Kongsberg Gruppen AG, Teledyne Technologies Incorporated, Lockheed Martin Corporation, Saab AB, L-3 Technologies Inc., Subsea 7, Atlas Elektronik GmbH, International Submarine Engineering Limited, ECA Group and Gabri S.r.l. among others.

Although undersea vehicles operate with human interference, the demand for unmanned solutions are increasing significantly over the time, and due to rise in demand for such robotic technology, the developers are integrating undersea drones with enhanced ISR systems in order to offer the defense forces, with the advanced surveillance capabilities. The applications of the unmanned underwater vehicle include oil & gas exploration centers, hydrography, and oceanography, environmental monitoring among others. The commercial sectors are increasingly adopting the unmanned undersea technology in order to map and monitor the conditions of sea or ocean as well as explore various oil & gas sites.

The future market for the unmanned underwater vehicle is promising, as the OEMs and other research centers are continually intending to deploy smart and connected technologies, on the sub-sea for efficient monitoring and operate without any human interference. As a result, technologically enriched sensors systems are being developed, which is expected to attract the significant number of industries in the coming years. Due to high entry barrier to industry, fewer companies are entering the market, also well-established companies operating in the market are coming up with new offerings. Major manufacturers of the unmanned underwater vehicle are based in North America and Europe region. However, the new growth opportunities are emerging at an exponential rate in the Asia Pacific and the Middle East and Africa region in especially in countries such as China, Japan, India, Saudi Arabia, and UAE among others.

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TABLE OF CONTENTS
1. INTRODUCTION 13
1.1 SCOPE OF THE STUDY 13
1.2 THE RESEARCH REPORT GUIDANCE 13
2. KEY TAKEAWAYS 14
3. UNMANNED UNDERWATER VEHICLE MARKET - ACCESSORIES MARKET 16
4. UNMANNED UNDERWATER VEHICLE MARKET LANDSCAPE 18
4.1 MARKET OVERVIEW 18
4.2 MARKET SEGMENTATION 19
4.2.1 Global Unmanned Underwater Vehicle Market - By Type 20
4.2.2 Global Unmanned Underwater Vehicle Market - By Application 20
4.2.3 Global Unmanned Underwater Vehicle Market - By Geography 21
4.3 PORTER'S FIVE FORCE ANALYSIS 22
4.3.1 Bargaining Power of Buyers 22
Increase in Number of End Users 22
4.3.2 Bargaining Power of Suppliers 22
Large Number of Suppliers Operating in the Market 22
4.3.3 Threats to Substitutes 23
Usage of Multi Beam Echo Sounders such as USBL and LBL 23
4.3.4 Threats to New Entrants 23
Large Number of Established and Well-Known Players Operating in the Market 23
4.3.5 Competitive Rivalry 23
Large Number of Players 23
Prime Suppliers Are Financially Balanced 23
5. UNMANNED UNDERWATER VEHICLE MARKET - KEY INDUSTRY DYNAMICS 24
5.1 KEY MARKET DRIVERS 24
5.1.1 Maritime Conflicts to Accentuate the Demand for Unmanned Underwater Vehicles 24
5.1.2 Need for Enhanced ISR and Detection of Submarine among Defence Forces 24
5.2 KEY MARKET RESTRAINTS 25
5.2.1 Lack of Regulations 25
5.3 KEY MARKET OPPORTUNITIES 25
5.3.1 Surging Demand for Technologically Enhanced Undersea Vehicles among Defence Forces 25
5.4 FUTURE TRENDS 26
5.4.1 Continual Advancements in Unmanned Sub-sea Technology to Propel Growth 26
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 27
6. UNMANNED UNDERWATER VEHICLE - GLOBAL MARKET ANALYSIS 28
6.1 GLOBAL UNMANNED UNDERWATER VEHICLE MARKET OVERVIEW 28
6.2 GLOBAL UNMANNED UNDERWATER VEHICLE MARKET FORECAST AND ANALYSIS 30
7. UNMANNED UNDERWATER VEHICLE MARKET REVENUE AND FORECASTS TO

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