Maritime Conflicts to Accentuate the Demand for Unmanned Underwater Vehicles will accelerate the UUVs & USVs Market at a CAGR of 6.9%Published Date: Apr 2018
Maritime Conflicts to Accentuate the Demand for Unmanned Underwater Vehicles will accelerate the UUVs & USVs Market at a CAGR of 6.9%
Latest market study on “UUVs & USVs Market 2025 by Driving Mechanisms (Solar, Electric, and Diesel); Payload (Camera, Sensors, Sonar, Navigation Systems, and Others); & Applications (Commercial, Defense, and Scientific Research) – Global Analysis and Forecast”, the UUVs & USVs market is estimated to reach US$ 4,844.5 Mn by 2025 from US$ 2,909.7 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Browse market data tables and in-depth TOC of the Global UUVs & USVs Market (2016–2025)
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The global UUVs & USVs market is further segmented into: by driving mechanisms, by payload, by application and by geography. One of the major prevailing disputes is China’s conflict with its neighbors in the South China Sea and Pacific Ocean, which is driving the demand for underwater systems in the South East Asian region, particularly in building naval strengths to counter both surface and underwater threats from enemies. Consequently, the demand for unmanned vehicles are also gaining momentum substantially in order to effectively monitor illegal access in the maritime boundaries of these countries. Countries such as South Korea, Pakistan, and Taiwan are also expected to invest large sums in the domain over the forecast period, due to territorial conflicts and recently developed indigenous capabilities.
Furthermore, North America and Europe are currently the two major markets for UUVs and USVs as the regions house numerous manufacturers of such equipment and the major countries are constantly battling threats from illegal immigration, illicit weapons smuggling and other ocean-based illegitimate activities. Moreover, the deployment of European and American peace-keeping forces, anti-piracy troops and other military operations other than war (MOOTW) across the globe also warrant the use of unmanned vehicles to conduct surveillance of their territories.
Some of the key players of UUVs & USVs market include Kongsberg Gruppen, Teledyne Technologies, Lockheed Martin, ASV Global, Atlas Elektronik, ECA Group, Rafael Advanced Defense Systems, General Dynamics, Boeing and Clearpath Robotics among others.
The report segments the global UUVs & USVs market as follows:
Global UUV & USV Market – By Driving Mechanism
Global UUV & USV Market – By Payload
Global UUV & USV Market – By Application
Global UUV & USV Market – By Geography
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Asia Pacific (APAC)
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Middle East & Africa (MEA)
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South America (SAM)
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