General Dynamics Mission Systems, Inc., L3Harris Technologies, Inc. and Boing are Dominating the Global Underwater Unmanned Vehicle Market in 2019

Global Underwater Unmanned Vehicle Market is expected to grow with the CAGR of 13.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global underwater unmanned vehicle market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global underwater unmanned vehicle market are introducing advanced underwater unmanned vehicles along with smart automation robot deployed for various applications. This has helped companies to maximize the sales with enhanced product portfolio. For instance, in January 2019, Saab AB entered into an agreement with Ocean Power Technologies (OPT) to focus on autonomous underwater vehicle (AUV) and remotely operated underwater vehicle (ROV) charging and communications systems. This has helped the company to enhance their product offerings and to grow in the market.

General Dynamics Mission Systems, Inc. is the dominating player in global underwater unmanned vehicle market. The other key players existing in the market are Oceaneering International, Inc., Kongsberg Maritime, Saab AB, International Submarine Engineering Limited, Teledyne Technologies Incorporated, ATLAS ELEKTRONIK GmbH, Fugro, Lockheed Martin Corporation, Boeing, SUBSEA 7, L3Harris Technologies, Inc., Deep Trekker Inc., Duro UAS, BAE Systems, Modus Seabed Intervention Limited, ECA GROUP and Huntington Ingalls Industries, Inc., among others.

Underwater Unmanned Vehicle MarketGeneral Dynamics Mission Systems, Inc.

General Dynamics Mission Systems, Inc. is headquartered in Virginia, U.S. The company is engaged in providing products and system in relation with defence, civil government, intelligence and cybersecurity. The company offers wide range of product categories such as land, sea, space, air, cyber among which sea is market focused category.

  • In October 2020, General Dynamics Mission Systems, Inc. has received a contract medication worth USD 13.50 million from Surface Mine Countermeasure (SMCM) for continuance of production, development, engineering support and testing of the Knifefish Unmanned Undersea Vehicle (UUV). This will help the company to serve its customers in better way.

The company has presence in the U.S.

L3Harris Technologies, Inc.

L3Harris Technologies, Inc. is headquartered in Florida, U.S. was founded in the year 1997. The company is an agile global aerospace and defense technology innovator providing defense and commercial technologies across air, land, sea, space and cyber domains. The company offers various solution categories such as integrated mission systems, space and airborne systems, communication systems, aviation systems among which integrated mission systems is focused category.

  • In June 2020, L3Harris Technologies, Inc. outcased new man-portable Iver4 580 unmanned undersea vehicle (UUV). This address differentiates customer missions, including survey, multi-domain intelligence, surveillance and reconnaissance, anti-submarine warfare, seabed warfare and mine warfare. It provides users with a 200-meter depth system with sealed, hot-swappable battery sections that can be switched without the need for a vacuum test, re-alignment of the leading or special instruments that allow the vehicle to return to service with just minutes of downtime.

The company has presence in The Americas, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Harris Asia Pacific Sdn. Bhd. (Malaysia), Harris Communication Systems (Ireland) Limited (Ireland), Harris International Inc. (Nigeria), Harris S.A. (Belgium), among others.

Boing

Boing is headquartered in Illionis, U.S. was founded in the year 1916. The company offers superior unmanned vehicle for commercial jetliners and defense, space and security systems. The company offers various product categories such as commercial, defense, space, services among which defense is the focused category.

  • In March 2016, Boeing's new unmanned undersea vehicle (UUV) Echo Voyager has been launched which can run autonomously for months at a time due to hybrid rechargeable power system and a modular payload bay. In the Boeing UUV family, the 51-foot-long vehicle is the newest invention which joins the 32-foot Echo Seeker and the 18-foot Echo Ranger. The company is going to boost its reputation which has increased the company’s sales through the launch of this product.

The company has presence in Americas, Europe, Middle East & Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Boeing Commercial Airplanes (U.S.), United Launch Alliance (U.S.), Aviall Inc. (U.S.) and  Jeppesen (U.S.) among others.