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Unmanned Underwater Vehicles Market worth $11.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

18 Apr, 2024, 10:45 GMT

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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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140710720

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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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

Unmanned surface vehicles Market Size, Share, Industry Report, Statistics & Growth by Application (Defense, Commercial), Type (Autonomous Surface Vehicles, Semi-Autonomous Surface Vehicles), System, Cruising Speed, Hull Type, Endurance, Size and Region - Global Forecast to 2028

Autonomous Ships Market by Autonomy (Fully Autonomous, Remotely Operated, Partially Autonomous), Ship Type (Military, Commercial), Solution, End User, Propulsion and Region - Global Forecast to 2030

Sonar Systems Market by Application, Platform (Commercial vessels, Defence vessels, Unmanned Underwater Vehicles, Aircrafts, and Ports), Type, Material, and Region (North America, Europe, APAC, Middle East, & RoW) (2021-2026)

Military Robots Market by Type (Land, Marine, Airborne), Application, System, Deployment Method, Range, End User (Defense, Homeland Security), Mode of Operation, Propulsion and region (2020-2025)

Border Security System Market by Environment (Ground, Aerial, Naval), System (Laser, Radar, Camera, Wide Band Wireless Communication, Perimeter Intrusion, Unmanned Vehicles, C2C, Biometric Systems), and Geography - Global Forecast to 2022

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/unmanned-underwater-vehicles-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/unmanned-underwater-vehicles.asp

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