Pune, India -- (SBWIRE) -- 10/11/2018 -- Armored Unmanned Underwater Vehicle Market Highlights:
Unmanned underwater vehicles (UUV) are also known as underwater drones. These vehicles can operate underwater without human interference. With continuous innovation in the field of undersea technologies, new forms of systems that are highly autonomous, lightweight, and easy to operate, are being developed. These vehicles are of two types: Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicles (AUV). The growing demand of armored UUVs for naval applications such as anti-submarine warfare, surveillance, and inspections, is driving the growth of the market. However, declining military budgets in many countries, is a factor can hamper the growth of the market.
Therefore, the global armored UUV market is expected to witness significant growth during the forecast period.
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The key players of the global armored UUV market are Kongsberg Gruppen (Norway), Teledyne Technologies Inc. (US), General Dynamics (US), Lockheed Martin Corporation (US), Saab Group (Sweden), BAE Systems (US), Subsea 7 S.A. (UK), Oceanserver Technology, Inc. (US), ATLAS ELEKTRONIK GmbH (Germany), and International Submarine Engineering Ltd. (Canada).
Scope of the Report:
This study provides an overview of the global armored UUV market, tracking two market segments across three geographic regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, EMEA, and Asia Pacific. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Armored UUV Market as type and Application.
Global Armored Unmanned Underwater Vehicle Market, By Type
- Remotely Operated Vehicles (ROV)
- Autonomous Underwater Vehicles (AUV)
Global Armored Unmanned Underwater Vehicle Market, By Application
- ISR (Intelligence, Surveillance, and Reconnaissance)
- Mine Countermeasures
- Anti-Submarine Warfare
- Security, Detection, and Inspection
- Navigation & Accident Investigation
Market Research Analysis:
On the basis of type, the armored unmanned UUV market has been segmented as remotely operated vehicles (ROV) and autonomous underwater vehicles (AUV). While, AUVs do not require input from an operator and operate according to the pre-programmed instructions, ROVs are controlled via an umbilical cord. AUVs dominate the armored UUV market because it is majorly used for military missions due to their increased functionality. On the other hand, ROVs are expected to increase significantly during the forecast period.
On the basis of application, the global armored UUV market is segmented as ISR (Intelligence, Surveillance, and Reconnaissance), Mine Countermeasures, Anti-Submarine Warfare, Security, Detection, and Inspection and Navigation & Accident Investigation. ISR dominates the armored UUV market, primarily due to increased need for maritime surveillance.
The Americas dominate the market for armored UUV. The high expenditure on armored UUVs by the U.S. and Canada, is the primary growth driver of the market in the region. EMEA is the second largest region for the armored UUV market. Asia-Pacific region is expected to witness the highest growth, during the forecast period, largely due to increasing demand from the countries such as China, India, South Korea, and Japan.
- Naval authorities
- Armored unmanned underwater vehicle manufacturers
- Government as well as Independent Regulatory Authorities
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Table Of Contents:
1 Executive Summary
2.1 Report Description
2.2 Research Objective
3 Research Methodology
3.1 Scope Of The Study
3.1.2 Research Objective
3.2 Research Materials
3.2.1 Primary Research
3.2.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
4 Market Dynamics
4.1 Market Drivers
4.2 Market Inhibitors
4.3 Supply/Value Chain Analysis
4.4 Porter's Five Forces Analysis
List of Tables
Table 1 Global Armored Unmanned Underwater Vehicle Market, by Application
Table 2 Global Armored Unmanned Underwater Vehicle Market, by Type
Table 3 Global Armored Unmanned Underwater Vehicle Market, by Regions
Table 4 Americas Armored Unmanned Underwater Vehicle Market, by Country
Table 5 Americas Armored Unmanned Underwater Vehicle Market, by Application
Table 6 Americas Armored Unmanned Underwater Vehicle Market, by Type
Table 7 U.s. Armored Unmanned Underwater Vehicle Market, by Application
Table 8 U.s. Armored Unmanned Underwater Vehicle Market, by Type
Table 9 Canada Armored Unmanned Underwater Vehicle Market, by Application
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