Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market Share, Trends By 2025

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market to 2025 - Global Analysis and Forecasts by Driving Mechanisms (Solar, Electric, and Diesel); Payload (Camera, Sensors, Sonar, Navigation Systems, and Others); & Applications (Commercial, Defense, and Scientific Research)

Publication Month : Apr 2018

  • Report Code : TIPTE100000692
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 171
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Global unmanned underwater vehicle & unmanned surface vehicle market is expected to grow from US$ 991.2 Mn in 2017 and is anticipated to escalate at a CAGR of 5.4% from 2018 to 2025 to account for US$ 1,482.6 Mn by 2025.


The unmanned underwater vehicles and unmanned surface vehicles are the drones operating underwater and on surface with or without human interference. The majority of the global UUV and USV market is captured by the Defense forces, owing to the ever-increasing demand for subsea monitoring. Currently, the adoption trend of UUVs and USVs is increasing among various commercial sectors such as oil & gas exploration organizations, hydrographic and oceanographic survey organizations, environmental monitoring organizations and search and recovery teams. The unmanned underwater vehicles and unmanned surface vehicles are also being adopted by various scientific research organizations for conducting oceanic studies and maritime surveys, among others. The South America unmanned underwater vehicle & unmanned surface vehicle market region is expected to witness a CAGR growth rate of 4.6% in the coming years.

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market by Region



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Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market Insights

Significant surge in demand from marine industry

 

As several countries are striving to gain more control over maritime trade routes and maritime assets such as underwater oil reserves and other offshore resources, traditional geo-political disputes are gradually aggravating. Following these disputes, the demand for constant and efficient maritime surveillance are being emphasized upon by all countries. 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. Major navies in the region, especially China and India are emphasizing on development of submarines, however, 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. Subsequently, driving the growth for unmanned underwater vehicle & unmanned surface vehicle market in the coming years.

Continuous investment in unmanned sea exploration technologies

   

With the growth of coastal developments, the maritime domain is increasingly becoming congested, fuelled by both state and non-state actors using the sea for various activities. This warrants a heightened emphasis on maritime surveillance and protection. As a result, demand is for modern assets, such as unmanned vehicles which can be deployed to reduce human life risks and mitigate enemy contact by moving into other domains, is increasing. Moreover, the surging application of digital connectivity also acts as a major factor for growth of the unmanned oceanic systems. Connectivity plays a paramount role for the modern networked sea and sub-sea forces, as the value of every sensor and effector is determined by the degree of its integration in the overall C4ISR chain. Major countries in the Defense sectors are substantially investing in the development of connect subsea-based sensors, submerged platforms, and surface assets with air systems and space-based assets as well as cyber operations. As this factor is anticipated to trigger more expanding operations of unmanned assets in order to counter any potential adversary threat. Thus, the continuous investment towards development of deep sea exploration technologies is expected to provide numerous profitable opportunities for the unmanned underwater vehicle & unmanned surface vehicle market players in the coming years.

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market – Driving Mechanism Insight

In the global unmanned underwater vehicle & unmanned surface vehicle market for the electric segment by driving mechanism, the electric powered UUVs and USVs are those autonomous marine drones that changes its buoyancy for up and down movement similar to profiling float. These buoyancy changes facilitate in generating electricity which in turn recharges batteries, thereby propelling the vehicle to operate for longer time period. This is a major benefit of electric powered UUV and USV, and this factor is increasing the interest among the end users to adopt the technology, helping the market to surge. However, the cost of the vehicles is restraining the market to grow in comparison to others. Attributing to the above-mentioned factors, the electric powered UUVs and USVs segment in unmanned underwater vehicles & unmanned surface vehicles market is anticipated to grow at a CAGR of 6.5% during the forecast period from 2018 to 2025. Thus, the electrically driven unmanned underwater vehicle & unmanned surface vehicle market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market – Application Insight

For the global unmanned underwater vehicle & unmanned surface vehicle market by shelf analytics, the unmanned underwater vehicles & unmanned surface vehicles are being increasingly adopted by Defense across the globe. As the environment in which naval forces and coast guard forces operates are mostly complex thereby, demanding more modern technologies. There is a need to keep track on friendly and enemy forces operating undersea, the unmanned underwater vehicles & unmanned surface vehicles are being deployed. In addition, there is an increase in the demand for surface vehicle for observing & monitoring purposes of the activities on the sea surface. Moreover, the Defense forces across the globe are increasingly deploying unmanned vehicles on and undersea to prevent any illicit activities as they face a huge challenge in manned surveillance round the clock. The unmanned systems minimize these challenges as these vehicles are capable of operating for longer time periods with or without human interference from ground stations. Furthermore, these unmanned systems are integrated with various sensors, cameras, sonar and other advanced technologies which facilitates the naval forces to gather maximum information without involving human force. The defense based unmanned underwater vehicle & unmanned surface vehicle market is expected to grow at a CAGR of 6.8% during the forecast period.

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market by Defense

 
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Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market: Strategic Insights

unmanned-underwater-vehicle-market
Market Size Value inUS$ 991.2 Million in 2017
Market Size Value byUS$ 1,482.6 Million by 2025
Growth rateCAGR of 5.4% from 2018-2025
Forecast Period2018-2025
Base Year2018
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Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global unmanned underwater vehicle & unmanned surface vehicle market. Few of the recent strategies by some of the players’ operating in the unmanned underwater vehicle & unmanned surface vehicle market landscape are listed below:

2018: Kongsberg Maritime subsidiary of Hydroid Inc., is a leading manufacturer of marine robotics, has launched a new groundbreaking REMUS M3V compact. It is a one-man portable autonomous underwater vehicle (AUV) and less costly. It offers search and survey, intelligence, surveillance and reconnaissance (ISR), marine research, and more capabilities.

2018: Teledyne Gavia, manufacturer of Gavia Autonomous Underwater Vehicle has launched new navigation module by combining iXblue’s new Phins Compact C3 with a Teledyne RDI 1200 kHz Workhorse. This enables geophysical surveys, environmental surveys, and under ice surveys, among others.

2017: Hydroid, Inc. a subsidiary of Kongsberg Maritime has launched next generation REMUS 100 autonomous underwater vehicle (AUV). It provides flexible navigation suite with an exclusive open architecture platform for advanced autonomy.

GLOBAL UNMANNED UNDERWATER VEHICLE & UNMANNED SURFACE VEHICLE MARKET SEGMENTATION

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market – By Driving Mechanism

  • Solar
  • Electric
  • Diesel

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market – By Payload

  • Camera
  • Sensors
  • Sonar
  • Navigation Systems
  • Others

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market – By Application

  • Commercial
  • Defense
  • Research

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market - By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Russia
    • UK
  • Asia-Pacific (APAC)

    • Japan
    • China
    • India
    • South Korea
  • Middle East & Africa

    • Saudi Arabia
    • UAE
    • South Africa
  • South America

    • Brazil

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market - Company Profiles

  • Kongsberg Gruppen
  • Teledyne Technologies
  • Lockheed Martin
  • ASV Global
  • Atlas Elektronik
  • ECA Group
  • Rafael Advanced Defense Systems
  • General Dynamics
  • Boeing
  • Clearpath Robotics
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Driving Mechanisms ; Payload ; & Applications

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market
  1. Kongsberg Gruppen
  2. Teledyne Technologies
  3. Lockheed Martin
  4. ASV Global
  5. Atlas Elektronik
  6. ECA Group
  7. Rafael Advanced Defense Systems
  8. General Dynamics
  9. Boeing
  10. Clearpath Robotics

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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