Global Underwater Unmanned Vehicle Market Segmentation, By 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) - Industry Trends and Forecast to 2031.
Global Underwater Unmanned Vehicle Market Size
Global Underwater Unmanned Vehicle Market size was valued at USD 4.82 billion in 2023 and is projected to reach USD 13.65 billion by 2031, with a CAGR of 13.9% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes
|
Unmanned Vehicle Key Market Insights
|
|
Segmentation
|
|
|
Countries Covered
|
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
|
|
Key Market Players
|
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., General Dynamics Mission Systems, Inc., Deep Trekker Inc., Duro UAS, BAE Systems, Modus Seabed Intervention Limited, ECA GROUP and Huntington Ingalls Industries, Inc.
|
Global Underwater Unmanned Vehicle Market Dynamics
Growing demand for UGV for agricultural sector is one of the prominent factors that drive growth of the market. Industry is offering new products for the improvement of the network connectivity of the vehicle and robotic platform which is driving the market growth. Increasing demand of autonomous systems in defence and commercial sectors is augmenting the market growth.
Underwater unmanned vehicles are also referred to as underwater drones, which are autonomous vehicles that can operate without any human intervention. They are untethered which are either remotely operated or are pre-programmed to be able to run on its own. It is usually powered by lithium ion batteries and is mainly used for exploration or defence purposes.
The underwater unmanned vehicle offers various advantages which can be used for different kinds of applications such as navigation, antisubmarine warfare environmental monitoring and many more. It has been majorly adopted by oil & gas industry for mineral exploration and drilling purposes as well as by defence sector for covertly hunting down enemy subs. They are also getting increased traction from marine biologists for marine exploration.
This underwater unmanned vehicle market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Underwater Unmanned Vehicle Market Scope
Underwater unmanned vehicle market is segmented on the basis of type, product type, components, propulsion system, operating depth, size range and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type
- Remotely operated vehicle (ROV)
- Autonomous underwater vehicle (AUV)
Product type
- Heavy Work Class Vehicle
- Work Class Vehicle
- High-capacity Electric Vehicle
- Small Vehicles
Components
- Inertial Navigation Systems
- Cameras
- Lighting Systems
- Sensors
- Video Screens
- Synthetic Aperture Sonar
- Others
Propulsion system
- Hybrid Systems
- Electric Systems
- Mechanical Systems
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
- Defense
- Commercial Exploration
- Scientific Research
- Others
Underwater Unmanned Vehicle Market Regional Analysis
Underwater unmanned vehicle market is analysed and market size information is provided by country, type, product type, components, propulsion system, operating depth, size range and application.
The countries covered in underwater unmanned vehicle market report are 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.
The U.S. accounted largest market share for the military underwater unmanned vehicle application segment as the growing demand of high advanced equipment used in farming and military along with continuous research and development in the country. China accounted largest market share of military underwater unmanned vehicle application segment in Asia-Pacific owing to the growing investment in defense. However, Germany accounted largest market share in Europe for the solution for military underwater unmanned vehicle application segment due to the growing advancement and technological innovation in the field of defense.
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 new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Underwater Unmanned Vehicle Market Share Analysis
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, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to underwater unmanned vehicle market.
Underwater Unmanned Vehicle Market Leaders Operating 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.
- General Dynamics Mission Systems, Inc.
- Deep Trekker Inc.
- Duro UAS
- BAE Systems
- Modus Seabed Intervention Limited
- ECA GROUP
- Huntington Ingalls Industries, Inc.
New product development, expansion and other strategies enhance the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for underwater unmanned vehicle market.
SKU-