CHICAGO, April 18,
2024 /PRNewswire/ -- The Unmanned Underwater
Vehicles Market is valued at USD 4.8
billion in 2024 and is projected to reach USD 11.1 billion by 2030, at a CAGR of 15.0% from
2024 to 2030 according to a new report by
MarketsandMarkets™. The market is driven by the increasing
technological advancement, increasing naval spending and increasing
demand for UUVs for various commercial and defense
applications. The increasing need of UUVs for oceanographic
research, offshore oil and gas exploration, underwater
infrastructure inspection, and maritime security is driving the
market growth.
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Browse in-depth TOC on "Unmanned Underwater Vehicles
Market"
350 – Tables
100 – Figures
400 – Pages
Unmanned Underwater Vehicles Market
Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 4.8 billion
|
Estimated Value by
2030
|
$ 11.1 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 15.0%
|
Market Size Available
for
|
2020–2030
|
Forecast
Period
|
2024–2030
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Type, Remotely
Operated Vehicles, Propulsion, Application, System, Speed, Shape,
Depth and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Slow underwater survey
speed
|
Key Market
Opportunities
|
Development and
incorporation of advanced technologies in UUVs
|
Key Market
Drivers
|
Increasing use of UUVs
for mine countermeasures and complex underwater research
|
Based on the ROV- system, the Propulsion systems segment is
estimated to hold the highest market share during the forecast
period.
Based on the ROV- systems, the propulsion systems segment is
estimated to lead the Unmanned Underwater Vehicles market from 2024
to 2030. The propulsion systems segment is growing rapidly due to
technological advancement in energy density of power sources,
efficiency improvements in thruster design, and the integration of
advanced control algorithms for precision maneuvering. Enhanced
battery technologies, such as lithium-ion with higher energy
densities, enable longer mission durations and increased
operational range are driving the market growth of propulsion
systems segment by ROV- systems.
Based on the AUV- system, the Payloads segment is estimated
to hold the highest market share during the forecast
period.
Based on the AUV- system, the Payloads segment is estimated to
hold the highest market share during the forecast period. The
growth of the segment is due to the advancements in sensor
miniaturization, enhanced data processing capabilities, and the
integration of multi-sensor fusion technologies. Innovations in
high-resolution imaging sonars, and chemical sensors enables
comprehensive environmental monitoring, resource exploration, and
surveillance activities. The adoption of lightweight,
energy-efficient components has increased the operational durations
and payload capacities.
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Based on regions, the Asia
Pacific accounts for largest market share in Unmanned
Underwater Vehicles industry.
Based on region the Asia
Pacific market is estimated to accounts for largest market
share during the forecast period. There is increasing demand
for the deployment of AUVs and ROVs for underwater exploration and
surveillance for scientific research, defense and security
applications, and offshore oil and gas exploration activities in
the region. The rise in governmental and institutional investments
in marine research and the development of maritime infrastructure
are fueling the market growth in Asia
Pacific region.
Key Players
The Unmanned Underwater Vehicles Companies is dominated by a few
globally established players such as Kongsberg (Norway), Saab AB (Sweden), Boeing (US), Oceaneering
International, Inc. (US) and Fugro (Netherlands).
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