DUBLIN, Mar 03, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Unmanned Underwater Vehicles Market - Analysis and Forecast (2016-2021) (Focus on Major Vehicle Types, Payloads and Application)" report to their offering.

The unmanned underwater vehicle market is experiencing an advanced rate of growth over the past years due to the increasing demand in commercial, defense and military and scientific research applications. This high scale of growth of the unmanned underwater vehicle industry is subsequently influencing the market, wherein  new range of programs are being carried out to develop latest unmanned underwater technologies.

The growing demand of unmanned underwater vehicles for naval applications, increase in offshore oil and gas activities and growing need for oceanography are the major factors driving the unmanned underwater vehicle market. The different types of unmanned underwater vehicles include: remotely operated vehicles, autonomous underwater vehicles and hybrid vehicles. By analysis, unmanned underwater vehicle market generated $2,652.62 million in 2016, in terms of revenue.

North America is expected to have the highest market during the forecast period (2016-2021), followed by Europe, Asia and the Rest of the World (RoW). The increase in the demand of UUVs in the North America is due to the rising investments by defense forces on undersea drones. In naval applications, UUVs are used to perform mine-countermeasures operations, anti-submarine warfare, surveillance, and inspections, among others. The United States is expected to dominate the market during the forecast period (2016-2021).

The U.K. is one of the prominent countries in  Europe, which has been significantly involved in the research and development activities to develop advanced underwater systems. Asia-Pacific region majorly consists of China, Japan, India and South Korea in the UUV market. The countries in the region are experiencing a trend of extensive investment in all forms of advanced maritime technologies. Maritime disputes between China and its neighboring countries have accelerated the requirements for greater maritime security capabilities.

Companies Mentioned

• BAE Systems
• Fugro
• General Dynamics
• Kongsberg Gruppen
• Lockheed Martin
• Oceaneering International
• Saab AB
• Subsea 7
• Teledyne Technologies

Key Topics Covered:

1 Research Scope & Methodology

2 Market Dynamics

3 Competitive Insights

4 Industry Analysis

5 Global Unmanned Underwater Vehicles Market, 2015-2021

6 Unmanned Underwater Vehicles Market by UUV Type

7 Unmanned Underwater Vehicles Market by Payload

8 Unmanned Underwater Vehicles Market by Application

9 Unmanned Underwater Vehicles Market by Geography

10 Company Profiles

11 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/k2gtv4/global_unmanned

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SOURCE Research and Markets