Unmanned Underwater Vehicles Market High Demand to be Witnessed in 2019-2025

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Unmanned underwater vehicles (UUV), also called as underwater drones, refer to waterborne vehicles that are designed to operate underwater without any human onboard. These vehicles can be designed to operate fully or partially autonomous in order to carry out predetermined and programmed missions. UUV are used for various applications including surveillance, reconnaissance, mine countermeasures, ocean floor mapping, pipeline inspection, polar ice research, antisubmarine warfare and several others. Since there is no human operator onboard, using UUV become an extremely safe alternative for marine applications.

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Rising investment over development of more advanced UUVs is the most prominent factor fueling the market growth. Several countries including the U.S., the U.K., Russia and France are investing heavily for developing unmanned vehicles for marine defense. For instance, in February 2017, the U.S. Department of Defense (DoD) announced to invest nearly US$ 600 Mn for prototyping UUVs of different sizes. The DoD plans to build UUVs for multiple payloads. Similarly, the U.K. Ministry of Defense announced to invest over US$ 22 Mn for procuring a fleet of sea drones. The overall expenditure over UUVs is estimated to remain strong in the following years, thereby escalating the market growth.

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The global Unmanned Underwater Vehicles market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Unmanned Underwater Vehicles volume and value at global level, regional level and company level. From a global perspective, this report represents overall Unmanned Underwater Vehicles market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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The following manufacturers are covered:
Saab
Fugro
Kongsberg Maritime
Atlas Elektronik
BIRNS
International Submarine Engineering
Teledyne Technologies
Subsea 7

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Segment by Regions
North America
Europe
China
Japan

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Segment by Type
Remotely Operated Vehicles
Autonomous Underwater Vehicles

Segment by Application
Commercial
Defense
Scientific Research
Miscellaneous

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