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Unmanned Underwater Vehicle Market to Reach US$ 3.99 BN by 2025 – Kongsberg Gruppen, ECA Group, Teledyne Technologies, Lockheed Martin Corporation, Atlas Elektronik, Saab AB, L-3 Technologies, and Gabri

Press release   •   Feb 21, 2019 09:55 IST

The Unmanned underwater vehicle market is expected to grow from US$ US$ 2.64 Bn in 2017 to US$ 3.99 Bn by 2025 at a CAGR of 5.6% between 2018 and 2025.

Unmanned Underwater Vehicle Market to 2025 – Global Analysis and Forecast by types, applications, and geography. The US, which maintains the position of being the largest Defense spender in the world, is constantly trying to counter Chinese belligerence in the South China Sea. The Asian giant is trying to establish Anti-Access/Area Denial (A2/AD) policy along the international trade routes, which has been opposed by several countries worldwide.

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Key industry participants in the field of UUV include Kongsberg Gruppen, ECA Group, Teledyne Technologies Inc., Lockheed Martin Corporation, Atlas Elektronik GmbH, Saab AB, Subsea 7 S.A., L-3 Technologies, International Submarine Engineering, and Gabri S.r.L among others.

The US, following its maritime policies in the Asia Pacific region, has significantly upped its military activities to tap the Chinese expansion. As result, various submerged vessels are being deployed in the region, which is enabling access of technology to the surrounding South East Asian countries, subsequently driving demand for the same. A major threat faced by naval forces is the detection of submarines. Detection of diesel-electric submarines in large oceans has been a very difficult task traditionally as they run on battery when submerged and are more silent than the nuclear submarines. However, nuclear submarines propelled by reactors, which are noisy and always running, can be detected by passive acoustic sensors.

The Unmanned Underwater Vehicle Market is segmented by types are Remotely Operated Vehicle (ROVs) and Autonomous. Among the two types of UUVs, The ROVs are heavily adopted among the defense sectors across the globe, pertaining to the demand for enhanced object detection and ISR capabilities. The different types of ROVs used by the industries include free swimming ROVs, bottom-crawling ROVs, and structurally reliant ROVs. The remotely operated vehicles are also deployed by the commercial and research organizations in order to obtain a clear understanding of the undersea environment. 

The ROVs are also capable of integrating advanced instruments for the measurement and evaluation of temperature, water clarity and penetration of light under the sea surface. Similarly, the autonomous underwater vehicles (AUVs) are completely automated vehicles deployed for inspection of objects, mines, silent submarines and other threats under the seabed. These vehicles require no human involvement and thereby mitigating the human risk completely. The market for the autonomous underwater vehicle is witnessing an upsurge in the current scenario pertaining to the procurement of advanced technologies among the defense forces, and companies operating in the field of oceanographic surveys. The innovation, development, and adoption of modern technological equipment are allowing naval forces and maritime organizations to effectively synchronize air, naval and land components into a single unit.

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The global Unmanned Underwater Vehicle Market by geography is segmented into five regions including; North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is accounted for the largest share in global Unmanned Underwater Vehicle Market in 2017. APAC is expected to account for the highest growth rate during the forecast period.

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