Press Release

Nov, 28 2022

Growing Need for Ocean Data and Mapping Drive the Demand for Underwater Unmanned Vehicle Market

Around 70% of Earth's surface has been completely covered by ocean, and it plays a vital role in controlling the climate and weather change of the globe. The ocean mapping has become of great importance to determine numerous data such as the depth of ocean, type of aqua life present, the types of sea beds and others. With growing pollution in ocean it has also become important to control the pollution which is being present in the sea such as plastic or oil, this aids in taking regulatory action to control the growing ocean pollution. Underwater unmanned vehicles make it very easy to record the information through advanced technology, leading to the market's growth in upcoming years.

Access Full Report @ https://www.databridgemarketresearch.com/es/reports/global-underwater-unmanned-vehicle-market

Data Bridge Market Research analyses that the underwater unmanned vehicle market is expected to reach USD 16180.95 million by 2030 from USD 5216.56 million in 2022 growing with the healthy CAGR of 15.20% in the forecast period of 2023 to 2030. Rise in number of offshore oil and gas activities and increasing need for ocean data and mapping are some of the major factors that will provide potential market growth opportunities in the forecast period.

Underwater Unmanned Vehicle Market

Flourishing aquaculture and fish farming sectors is expected to drive the market's growth rate

The continuously growing population has led to the high exploration of the globe whether underwater or surface. The growing population needs high quantity of fish and food. Fish is a major food product and becomes a significant part of the fish farming industry. It has become extremely necessary to maintain the aquaculture life for better outcomes and keep track of the fishes. Underwater unmanned vehicles have been extremely preferable in attaining the desirable results and monitoring the aquatic life. These are some of the major factors which is leading to increasing growth of the market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2021

Historic Years

2020 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type {Remotely Operated Vehicle (ROV) and Autonomous Underwater Vehicle (AUV)}, Product Type (Heavy Work Class Vehicle, Work Class Vehicle, High-Capacity Electric Vehicle and Small Vehicles), Components (Inertial Navigation Systems, Cameras, Lighting Systems, Sensors, Video Screens, Synthetic Aperture Sonar and Others), Propulsion System (Hybrid Systems, Electric Systems and Mechanical Systems), Operating Depth (1000-3000m, 200-1000m, Less Than 200m and More Than 3000m), Size Range {HWV (12.75-21), LWV (9- 12.75), Man-Portable (3-9) and Large (>36)}, Application (Defense, Commercial Exploration, Scientific Research and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Oceaneering International, Inc. (U.S.), Kongsberg Maritime (U.S.), Saab AB (Sweden), International Submarine Engineering Limited (Canada), Teledyne Technologies Incorporated (U.S.), ATLAS ELEKTRONIK GmbH (Germany), Fugro (Netherland), Lockheed Martin Corporation (U.S.), Boeing (U.S.), SUBSEA 7 (U.K.), L3Harris Technologies, Inc. (U.S.), General Dynamics Mission Systems, Inc. (U.S.), Deep Trekker Inc. (Canada), Duro UAS (U.S.), BAE Systems (U.K.), Modus Seabed Intervention Limited (U.K.), ECA GROUP (Canada) and Huntington Ingalls Industries, Inc (U.S.).

 

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

The underwater unmanned vehicle market is segmented on the basis of type, product type, components, propulsion system, operating depth, size range and application.

  • On the basis of type, global underwater unmanned vehicle market has been segmented into remotely operated vehicle and autonomous underwater vehicle.

In 2022, the remotely operated vehicle (ROV) of type segment is anticipated to dominate the underwater unmanned vehicle market

remotely operated vehicle (ROV) segment is expected to dominate the global underwater unmanned vehicle market and is witnessed to be USD 2728.867 million in 2022 in the forecast period of 2023 to 2030 because it is more suitable to operate UUVs by using  remote station. However with artificial intelligence Autonomous Underwater Vehicle (AUV) and advanced technologies, the market is expected to grow at higher rate.

  • On the basis of product type, global underwater unmanned vehicle market has been segmented into heavy work class vehicle, work class vehicle, high capacity electric vehicle and small vehicles.

In 2022, the heavy work class vehicles segment of product type segment is anticipated to dominate the underwater unmanned vehicle market

Heavy work class vehicles segment is expected to dominate the global underwater unmanned vehicle market and is witnessed to be USD 1939.013 million in 2022 in the forecast period of 2023 to 2030 because these vehicles are the advanced version of the ROV which can easily measure upto 3000M. Furthermore, these vehicles are highly used for in-depth drilling and other underwater projects.

  • On the basis of components, global underwater unmanned vehicle market has been segmented into inertial navigation systems, cameras, lighting systems, sensors, video screens, synthetic aperture sonar and others. Inertial navigation systems segment in global underwater unmanned vehicles market is witnessed to be USD 1238.166 million in 2022 in the forecast period of 2023 to 2030 due to constantly process data, to improve position accuracy and navigation that further contributes toward boosted reliability of the project.
  • On the basis of propulsion system, global underwater unmanned vehicle market has been segmented into hybrid systems, electric systems and mechanical systems. In 2020, Hybrid Systems segment is expected to dominate the global underwater unmanned vehicles and is witnessed to be USD 1969.96 million in 2022 in the forecast period of 2023 to 2030 because hybrid systems offer better operations and have better efficiency.
  • On the basis of operating depth, global underwater unmanned vehicle market has been segmented into 1000-3000m, 200-1000m, less than 200m and more than 3000m. In 2020, 1000M-3000M segment is expected to dominate the global underwater unmanned vehicles market and is witnessed to be USD 2051.471 million in 2022 in the forecast period of 2023 to 2030 because most of the operations are carried out in this range by UUVs.
  • On the basis of size range, global underwater unmanned vehicle market has been segmented into HWV (12.75-21), LWV (9- 12.75), man-portable (3-9) and large (>36). In 2020, HWV (12.75-21) segment is expected to dominate the global underwater unmanned vehicles market and is witnessed to be USD 2062.308 million in 2022 in the forecast period of 2023 to 2030 because  capacity  and frequency of these sized diameter majorly adopted by globally. Also, this segment coherently progresses with operating depth segment.
  • On the basis of application, global underwater unmanned vehicle market has been segmented into defense, commercial exploration, scientific research and others. In 2020, defense segment is expected to dominate the global underwater unmanned vehicles market and is witnessed to be USD 1934.637 million in 2022 in the forecast period of 2023 to 2030 due to the growing usage of the UUVs by defense forces for facing marine security threats.

Major Players

Data Bridge Market Research recognizes the following companies as the major underwater unmanned vehicle market players in underwater unmanned vehicle Oceaneering International, Inc. (U.S.), Kongsberg Maritime (U.S.), Saab AB (Sweden), International Submarine Engineering Limited (Canada), Teledyne Technologies Incorporated (U.S.), ATLAS ELEKTRONIK GmbH (Germany), Fugro (Netherland), Lockheed Martin Corporation (U.S.), Boeing (U.S.), SUBSEA 7 (U.K.),.

Underwater Unmanned Vehicle Market

Market Development

  • In August 2020, XOCEAN collaborated with Sulmara Subsea to provide a seabed survey off Aruba using unmanned systems. The unmanned vehicle finished 26 square kilometres seafloor survey to identify features of seafloor and help in organisation of seabeds for safe installation of moorings.
  • In June 2020, Saildrone, Inc. launched three 23-ft. robotic keelboats equipped with twin-beam Compressed High-Intensity Radar Pulse (CHIRP) scanning sonar. This unmanned vehicles will measure the quantity of fish in the eastern Bering Sea.
  • In January 2019, Saab AB entered into a contract with Ocean Power Technologies (OPT) to focus on remotely operated underwater vehicle (ROV) charging and communications systems and autonomous underwater vehicle (AUV). This has aided the company to increase their product offerings and to develop in the market.

Regional Analysis

Geographically, the countries covered in the underwater unmanned vehicle market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in underwater unmanned vehicle market during the forecast period 2023 to 2030

North America dominates the underwater unmanned vehicle market due to the increasing technological innovation and advancement in the field of defense. The U.S. witnessed the largest market share for the military underwater unmanned vehicle application segment because of the increasing demand for highly advanced devices in farming and military along with constant research and development activities in the country.

Asia-Pacific is estimated to be the fastest-growing region in underwater unmanned vehicle market the forecast period 2023 to 2030

Asia-Pacific is expected to grow from 2023 to 2030 due to the growing investment in defense. China accounted largest market due to growing the usage of remotely operated vehicles in the defense and commercial sector and rising  demand for autonomous underwater vehicles for underwater surveys in this region.

For more detailed information about underwater unmanned vehicle market report, click here – https://www.databridgemarketresearch.com/es/reports/global-underwater-unmanned-vehicle-market


Client Testimonials