The Unmanned Underwater Vehicles (UUV) market is estimated at USD 2.69 Billion in 2017 and is projected to reach USD 5.20 Billion by 2022, at a CAGR of 14.07% from 2017 to 2022. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats.
Albany, NY -- (SBWIRE) -- 10/13/2017 -- A new report added to the repository of Market Research Reports Search Engine, "Unmanned Underwater Vehicles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2022 " is a comprehensive repository of information, providing market share, size, and forecast.
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With the increasing need for fuel energy, the worldwide oil and gas industry is witnessing a substantial rise, which, subsequently, is reflecting greatly on the global market for unmanned underwater vehicles market. The recent increase in exploration activities is fueling the demand for unmanned underwater vehicles remarkably across the world. This research report on the global unmanned underwater vehicles market presents a thorough analysis of the current scenario and the future status of this market. It consists of an elaborate executive summary, including a snapshot of the market that offers information regarding the performance of various market segments, bifurcated on the basis of the products, applications, propulsion systems, and the geography.
The report includes a market overview section, in which a detailed qualitative assessment of the driving forces, limiting factors, opportunities, and challenges has been provided. This section also offers an assessment of the market attractiveness in terms of the geographical segmentation and the market share analysis, carried out on the basis of the key players, thus offering a thorough evaluation of the entire competitive scenario prevalent in this market. The market size, growth rate, availability of raw materials, profit margin, strength of the impact, competitive landscape, technology used, and various legal and environmental factors have also been evaluated here in a bid to determine the general attractiveness of this market. Further, an exhaustive analysis of the entire value chain for each of the segments have been carried out in this report. The value chain analysis offers an in-depth information about the value addition at every stage.
Global Unmanned Underwater Vehicles Market: Segmentation
In this research report, the global unmanned underwater vehicles market has been evaluated on a number of parameters, such as the availability of products, their cost efficiency, and the preference for technological systems among end users. The market is broadly evaluated on the basis of the product, propulsion system, application, and its regional reach. Based on the product, the market has been classified into autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs). By application, the market has been categorized into the defense sector, scientific research, and commercial exploration. On the basis of the propulsion system, the market has been segmented into mechanical systems, electrical systems, and hybrid systems.
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In terms of the geography, the worldwide market for unmanned underwater vehicles has been bifurcated into six main regions: North America (the U.S. and Canada), Latin America (Brazil, Argentina, and Mexico), Europe (the U.K., Italy, France, Germany, Spain, and Nordic countries), Asia Pacific excluding Japan (India, China, South Korea, Indonesia, Australia, and Singapore), the Middle East and Africa (South Africa, Turkey, Israel, and GCC countries), and Japan. The market size and the prediction for each of these segments have been presented in this research report for the period from 2017 to 2022, along with their respective cumulative average growth rates for the period of the forecast.
Companies Mentioned in the Report
The research report also reviews the profiles of the key players in the global market for unmanned underwater vehicles on the basis of various attributes, such as the overview of the company, its financial situation, product portfolio, the strategies adopted for business expansion, SWOT analysis, and the recent developments. The leading players reviewed in this market report are Subsea 7, Thales SA, Teledyne Gavia ehf, Boeing Co., Kongsberg Maritime AS, Oceaneering International Inc., General Dynamics Corp., Saab AB, Atlas Elektronik GMBH, and Lockheed Martin Corp.
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