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Dec, 30 2020

Global Underwater Unmanned Vehicle Market is Expected to Grow with the CAGR of 13.9% in the Forecast Period of 2020 to 2027

Global Underwater Unmanned Vehicle Market is forecasted to grow with significant CAGR owing to factor such as growing demand of autonomous systems in defence and commercial sectors and adoption of UGVs for counter-insurgency operations.

Growing demand for demand for UGV for agricultural sector is acting as major driver for growth of underwater unmanned vehicle market. Lack of advanced visual capabilities in UGVS is acting as major restraint for the market.

Underwater unmanned vehicle market has shown an exceptional penetration in countries such as U.S., China, and Germany. Growing demand of smart robots to carry out combat operations to meet the demand of military and commercial sector is increasing the penetration in developed countries. In developing countries, rising usage of underwater unmanned vehicles in areas affected by CBRN attacks are creating huge opportunity for the global underwater unmanned vehicle market.

Underwater unmanned Vehicle Market Scenario

According to Data Bridge Market Research, the market for underwater unmanned vehicle in North America region has the highest market share followed by Asia-Pacific and Europe. Market leader is General Dynamics Mission Systems, Inc. which accounts an estimated market share of approximately 49% in the North America region.

The company has gained outstanding sales through their aerospace, combat systems, marine systems, information technology, mission system product offering. The market is witnessing strong investment for the combat system development and supporting underwater unmanned vehicle in the market. For instance, in June 2020, General Dynamics Corporation has been awarded with two fully-electric 8×8 Multi-Utility Tactical Transport (MUTT) Underwater unmanned vehicles (UGV) to the British Army. The business agreement is going to enhance the brand value for the company generating more profit along with new customers in its portfolio.

Underwater Unmanned Vehicle MarketTrends Impacting the Market

Now the question is which other regions General Dynamics Mission Systems, Inc., L3Harris Technologies, Inc. and Boeing are targeting? Data Bridge Market Research has estimated a large growth in North America underwater unmanned vehicle market and the market leaders targeting U.S. and Canada to be their next revenue pockets for 2020.

The underwater unmanned vehicle market is becoming more competitive every year with companies such as General Dynamics Mission Systems, Inc., L3Harris Technologies, Inc. and Boeing as they are the market leaders for underwater unmanned vehicle. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the underwater unmanned vehicle market.

For more analysis on the underwater unmanned vehicle market request for a briefing with our analysts

Underwater Unmanned Vehicle Market Development in 2020

  • In December 2020, L3Harris Technologies, Inc. introduced T7 UGV Underwater unmanned vehicle for British Army at AUSA Defense Exhibition. The company is going to enhance its capability and generate more revenue for the company along with profit maximization.

Scope of the Underwater Unmanned Vehicle Market

Global underwater unmanned vehicle market is segmented on the basis of countries into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

  • All country based analysis of underwater unmanned vehicle market is further analyzed into seven notable segments which are based on type, product type, components, propulsion system, operating depth, size range and application. On the basis of type, the underwater unmanned vehicle market has been segmented into remotely operated vehicle (ROV) and autonomous underwater vehicle (AUV). On the basis of product type, the underwater unmanned vehicle market has been segmented into heavy work class vehicle, work class vehicle, high-capacity electric vehicle and small vehicles. On the basis of components, the underwater unmanned vehicle market has been segmented into inertial navigation systems, cameras, lighting systems, sensors, video screens, synthetic aperture sonar and others. On the basis of propulsion system, the underwater unmanned vehicle market has been segmented into hybrid systems, electric systems and mechanical systems. On the basis of operating depth, the underwater unmanned vehicle market has been segmented into 1000-3000m, 200-1000m, less than 200m and more than 3000m. On the basis of size range, the underwater unmanned vehicle market has been segmented into HWV (12.75-21), LWV (9- 12.75), man-portable (3-9) and large (>36). On the basis of application, the underwater unmanned vehicle market has been segmented into defense, commercial exploration, scientific research and others.

To know more about the study

Key Pointers Covered in Underwater Unmanned Vehicle Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • COVID 19 Impact on the Market
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Oceaneering International, Inc.
  • Kongsberg Maritime
  • Saab AB
  • International Submarine Engineering Limited
  • Teledyne Technologies Incorporated
  • Fugro
  • Lockheed Martin Corporation
  • Boeing
  • SUBSEA 7
  • L3Harris Technologies, Inc.
  • General Dynamics Mission Systems, Inc.
  • Deep Trekker Inc.
  • Duro UAS
  • BAE Systems
  • Modus Seabed Intervention Limited
  • Huntington Ingalls Industries, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of underwater unmanned vehicle companies’, contact us

Research Methodology: Global Underwater Unmanned Vehicle Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Agriculture Industrialist, Defence Personnel, Industrial Professionals among others
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Service Consultants and Regulatory Affairs Managers among others.

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