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Market Size in USD Billion
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USD 542.08 Million |
| USD 1,060.48 Million | |
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North America Underwater Unmanned Vehicle Market, By Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), Hybrid Underwater Vehicle (HUV)), Product Type(Heavy Work Class Vehicle, Work Class Vehicle, High-Capacity Electric Vehicle, Small Vehicles, Man Portable, Light Weight Vehicles, Heavy Weight Vehicles, Large Vehicles), Components (Inertial Navigation Systems, Cameras, Lighting Systems, Sensors, Video Screens, Synthetic Aperture Sonar, Others), Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi hull), Propulsion System (Hybrid Systems, Electric Systems, Non-Electric Systems, Mechanical Systems, Others), Operating Depth (1000-3000m, 200-1000m, less than 200m, more than 3000m), Size Range (HWV (12.75-21), LWV (9-12.75), Man-Portable (3-9), Large (>36)), Application (Army and Defense, ISR, Mine Countermeasures, Anti-Submarine Warfare, Detection, Inspection, Navigation, Accident Investigation, Petroleum and Gas, Environmental Security and tracking, Oceanography, Archaeology and Exploration, Search and Rescue Activities, Commercial Exploration, Scientific Research, Miscellaneous, Other), Technology (Collision Avoidance, Navigation, Communication, Imagery, Propulsion), Payload (Sensors, Synthetic Aperture Sonar, Cameras, Inertial Navigation Systems , Echo Sounders, Acoustic Doppler Current profilers, Others) – Industry Trends and Forecast to 2030.
Unmanned marine vehicles' superior surveillance, identification, and interception capabilities over conventional systems drive the market for defense-related ocean surveillance. They can be outfitted with stabilized armament systems, surveillance systems, and electro-optical tracking systems that can monitor infrared vision during the day and at night. Improved interfaces, platform interoperability, and sensors would significantly reduce costs. A greater focus on identifying the various steady states of earth's systems, learning what causes evolution from one steady state to another, and finding connections between the states of seemingly unrelated systems like climate and tectonic activity will drive the need for unmanned marine vehicles.
Data Bridge Market Research analyses that the underwater unmanned vehicle market, valued at USD 542.08 million in 2022, will reach USD 1060.48 million by 2030, growing at a CAGR of 8.75% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), Hybrid Underwater Vehicle (HUV)), Product Type (Heavy Work Class Vehicle, Work Class Vehicle, High-Capacity Electric Vehicle, Small Vehicles, Man Portable, Light Weight Vehicles, Heavy Weight Vehicles, Large Vehicles), Components (Inertial Navigation Systems, Cameras, Lighting Systems, Sensors, Video Screens, Synthetic Aperture Sonar, Others), Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi hull), Propulsion System (Hybrid Systems, Electric Systems, Non-Electric Systems, Mechanical Systems, Others), Operating Depth (1000-3000m, 200-1000m, less than 200m, more than 3000m), Size Range (HWV (12.75-21), LWV (9-12.75), Man-Portable (3-9), Large (>36)), Application (Army and Defense, ISR, Mine Countermeasures, Anti-Submarine Warfare, Detection, Inspection, Navigation, Accident Investigation, Petroleum and Gas, Environmental Security and tracking, Oceanography, Archaeology and Exploration, Search and Rescue Activities, Commercial Exploration, Scientific Research, Miscellaneous, Other) Technology (Collision Avoidance, Navigation, Communication, Imagery, Propulsion), Payload (Sensors, Synthetic Aperture Sonar, Cameras, Inertial Navigation Systems , Echo Sounders, Acoustic Doppler Current profilers, Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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ORPC, Inc. (U.S.), Lockheed Martin Corporation (U.S.), Saab AB (Sweden), Kongsberg Maritime (Norway), Boeing (U.S.), Northrop Grumman (U.S.), BAE Systems (U.K.), ATLAS ELEKTRONIK GmbH (Germany), International Submarine Engineering Limited (Canada), Teledyne Technologies Incorporated. (U.S.), Oceaneering International, Inc. (U.S.), SUBSEA7 (U.K.), Boston Engineering (U.S.), ECA GROUP (France), HII (U.S.), Modus Subsea Services (U.K.), L3Harris Technologies, Inc. (U.S.), EchoBlue Ltd (U.K.), Unique Group. (U.A.E), Thales (France)
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Market Opportunities
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Market Definition
An underwater vehicle that can operate remotely or autonomously without human input is an unmanned underwater vehicle (UVV). These are essential for underwater exploration activities because manual exploration presents numerous challenges. These vehicles are equipped with sensors for sonar, thrusters, cameras, and other equipment. Autonomous underwater vehicles, or AUVs, are self-propelled, unmanned, untethered underwater vehicles capable of carrying out simple tasks without the assistance of a human. In order to map the seafloor or describe the water's physical, chemical, or biological properties, AUVs are frequently used as survey platforms.
Drivers
Changes in operational and risk management have resulted from introduction of smart devices. Modern imaging and navigation systems are designed to operate safely under challenging circumstances. Increased government spending on military research and development and ocean exploration are predicted to speed up market growth. During the forecast period, the rapid development of technology is also anticipated to fuel market expansion. As an illustration, in October 2021, Water Linked and QYSEA Technology Co., Ltd., a manufacturer of remotely operated vehicles, will work together to outfit QYSEA's ROV with advanced underwater positioning sensors. These elements are anticipated to affect the market during the forecast period favorably.
Through their independence from surface vessels, unmanned underwater vehicles (UUVs) have become a viable option for marine drilling operations. Over the past five years, small, portable unmanned underwater vehicles have grown significantly in the oil and gas sector. The ECA Firm, for example, has a contract with Petrus Resources, a global supplier of oil and gas facilities, to provide the service of an A18D AUV for inspection and surveying facilities. Unmanned underwater vehicle demand from oil and gas producers is anticipated to increase significantly during the forecast period, supporting industry growth.
Opportunities
Unmanned underwater vehicles are expected to gain more traction in the commercial market as their operating range and battery life improve. Because thrusters use up most of the power in UUVs, their battery life is less than 24 hours, which is significantly reduced if they must operate in deep waters. These technologies can assist UUV operators in reducing the time and effort required to change out old batteries for new ones while conducting ongoing underwater operations. Unmanned underwater vehicles may easily manipulate objects, changing their procedures as necessary throughout underwater missions. As a result, NiMH batteries are used more frequently by fast unmanned underwater vehicles.
The sensors on board increase the ability of Unmanned Underwater Vehicles to transport electrical equipment for imaging and monitoring. Additionally, they lower the onboard electronic components' power requirements, paving the way for innovations like underwater AUV recharge. For instance, battery intelligence and underwater wireless power solutions are provided by WiBotic (US). The EELUME AUV, which can be permanently installed on the seabed and can be charged underwater, is made available by Kongsberg Maritime (Norway).
Restraints/Challenges
AUVs are expensive maritime platforms. For instance, the A18 AUV from the ECA GROUP (France) has a maximum difficulty rating of 3,000 meters and costs between $ 2 and $ 6 million. The overall cost of exploration and surveying operations rises due to the expense of purchasing retired AUVs for surveying missions. AUVs are more frequently used for more straightforward tasks like ecological monitoring, but despite this, their high maintenance, production, R&D, and system difficulty costs prevent them from being widely adopted. An AUV's mounted instruments can cost between $ 5,000 and $ 100,000 each, but their ASP is only $ 70,000. At sea, running an AUV costs $1,000 per day. As a result, if a thirty-day mission's operational budget is calculated, it equals $ 30,000, or about 43% of the AUV's typical selling price. As a result, the growth of the market for UUVs is constrained by the high operational costs of AUVs.
One of the challenges UUVs face is their slow underwater survey speeds. Due to saltwater's high conductivity, electromagnetic (EM) waves cannot function appropriately in underwater environments deeper than 200 meters. These acoustic waves move slowly and are used by unmanned underwater vehicles to conduct deep-water surveys. FSO waves are not used by unmanned underwater vehicles due to their minimal range. The signals from unmanned underwater vehicles are further impacted by the water's refraction, absorption, and scattering, which prevents the market for these vehicles from expanding.
This underwater unmanned vehicle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the underwater unmanned vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
The underwater unmanned vehicle market is segmented on the basis of type, product type, component, propulsion system, operating depth, size range, application, technology, and payload. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Product Type
Components
Shape
Propulsion System
Operating Depth
Size Range
Application
Technology
Payload
The underwater unmanned vehicle market is analysed and market size insights and trends are provided by country, type, product type, component, and shape, propulsion system, operating depth, size range, application, technology and payload as referenced above.
The countries covered in the underwater unmanned vehicle market report are U.S., Canada and Mexico in North America.
U.S. dominates the market and will continue to flourish its trend of dominance during the forecast period in North America. The major factor attributable to the region’s dominance are automatic water dispenser usage is increasing, and there are many suppliers in North America.
Further, Canada is anticipated to showcase the highest growth rate during the forecast period owing to the region of North America, which has a high demand for hot and cold water as well as convenience services provided by water dispensers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The underwater unmanned vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to underwater unmanned vehicle market.
Some of the major players operating in the underwater unmanned vehicle market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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