Dublin, May 09, 2024 (GLOBE NEWSWIRE) -- The "Global Unmanned Underwater Vehicles Market by Type (Autonomous Underwater Vehicles (AUVs), Remotely Operated Vehicles (ROVs)), Product Type), Propulsion, Application, System, Speed, Shape, Depth and Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The Unmanned Underwater Vehicles market is valued at USD 4.8 billion in 2024 and is projected to reach USD 11.1 billion by 2030, at a CAGR of 15% from 2024 to 2030
This market study covers the Unmanned Underwater Vehicles market across various segments and subsegments. It aims to estimate this market's size and growth potential across different parts based on type, propulsion, application, system, speed, shape, depth, and region. This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies they adopted.
The growth of market is primarily driven by advancements in marine technology, increasing demands for autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) for deep-sea exploration, and the growth of offshore oil and gas exploration activities. The development of UUVs for strengthening maritime security and surveillance capabilities by various governments further propels the market growth.
The Asia Pacific region is witnessing robust growth in the Unmanned Underwater Vehicles market, driven by the technological advancement. The nations across the region are actively developing unmanned underwater vehicles (UUVs) for commercial, scientific research and defense applications. The rising government initiatives and increasing naval budget for development of UUVs for various defense operations are driving the market growth for Unmanned Underwater Vehicles market.
Major companies profiled in the report include Kongsberg (Norway), Saab AB (Sweden), Oceaneering International, Inc. (US), Boeing (US), and Fugro (Netherlands) among others.
Based on ROV- Propulsion, the Electric systems segment is estimated to have the largest market share in 2024
The Electric systems segment in the unmanned underwater vehicles market is being driven by advancements in electric propulsion technology, improved power density, efficiency, and system integration. These electric systems are equipped with high-energy-density batteries and advanced power management which enables longer mission durations, greater depths of operation, and enhanced maneuverability. The increasing demands of electrically propelled ROVs in sectors such as offshore oil and gas exploration, underwater infrastructure inspection, and marine research is fueling the market growth of the segment.
Based on AUV- Depth, the Deep (More than 1000m) segment is estimated to have the largest market share in 2024
The deep (more than 1000m) segment by AUV- Depth is being driven by advancements in high-pressure hull design, energy storage systems, and underwater navigation technologies. The AUVs has the ability to operate autonomously in extreme depths without any human intervention. The increasing demand for deep-sea mineral exploration, underwater infrastructure inspection, and environmental monitoring in larger ocean depths further fuels the market growth of the segment.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 397 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $4.8 Billion |
| Forecasted Market Value (USD) by 2030 | $11.1 Billion |
| Compound Annual Growth Rate | 15.0% |
| Regions Covered | Global |
Premium Insights
- Increasing Investments in Unmanned Underwater Vehicle Technology to Drive Market
- ROVs Segment to Lead Market During Forecast Period
- Commercial Segment to Lead Market During Forecast Period
- Defense Segment to Dominate Market During Forecast Period
- Propulsion Systems Segment to Account for Largest Market Size During Forecast Period
- Payloads Segment to Dominate Market During Forecast Period
- Unmanned Underwater Vehicles Market in Saudi Arabia to Register Highest CAGR from 2024 to 2030
Case Study Analysis
- Case Study 1: Solar Powered Uuvs
- Case Study 2: Long Duration Uuvs
- Case Study 3: Uuvs for Isr Missions
Market Dynamics
Drivers
- Growing Adoption of Uuvs for Mine Countermeasures and Complex Underwater Research
- Rising Defense Spending on Uuv Developments Worldwide
- Technological Advancements in Auvs
Restraints
- Reliability Issues of Uuvs in Sensitive Missions
- High Operational Costs of Uuvs
- Limited Endurance and Range Hindering Broader Deployment of Uuvs
Opportunities
- Development and Incorporation of Advanced Technologies in Uuvs
- Increasing Use of Uuvs in Mine Disposal and Anti-Submarine Warfare Operations
- Growing Demand for Uuvs in Offshore Energy Exploration
Challenges
- Slow Underwater Survey Speed
- Robust Legal and Ethical Frameworks for Auv Adoption
Technology Analysis
Key Technology
- Cross-Platform Operations
- Marine-AI Software for Uuvs
- Hybrid ROVs
- Complementary Technology
- Hd Cameras and Videos
- Multi-Beam Echo Sounders
Technology Trends
- Digital Marine Automation Systems
- Evolving Weapon Systems
- Bio Robotics
- Advanced Communication Systems
- Improved Battery Technology
Impact of Megatrends
- Artificial Intelligence
- Big Data Analytics
- Internet of Things (IoT)
- 3D Printing in Unmanned Underwater Vehicles
Supply Chain Analysis
- Major Companies
- Small and Medium Enterprises
- End-users/Customers
Company Profiles
Key Players
- Kongsberg
- Saab Ab
- Oceaneering International Inc.
- Boeing
- Fugro
- General Dynamics Corporation
- L3Harris Technologies, Inc.
- Bae Systems
- Leonardo S.P.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Mitsubishi Heavy Industries Ltd.
- Teledyne Technologies
- Subsea
- Thyssenkrupp
- Exail Technologies
- St Engineering
- Huntington Ingalls Industries
- Larsen & Toubro (L&T)
- Lig Nex1
- Hanwha Systems
- Ihi Corporation
Other Players
- Argeo
- Anduril
- Oceanscan-Mst
- International Submarine Engineering Ltd.
- Msubs
- Rtsys
For more information about this report visit https://www.researchandmarkets.com/r/drncag
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