Unmanned Underwater Vehicles Market Trends Explored by M&M in Its New Report Recently Published at MarketPublishers.com14 Apr 2016 • by Natalie Aster
LONDON – Currently, the world market for unmanned underwater vehicles (UUV) follows an upward trajectory, driven mainly by a strong necessity for deep water offshore oil and gas production. Further market growth will be supported by a rising demand for ocean data and mapping together with enhancing awareness of maritime security and possible threats. As of 2015, the UUV market’s value was assessed at USD 2.29 billion. Through 2020, the world UUV market is expected to pose growth at an 11.9% CAGR and is expected to reach USD 4 billion in early 2020. The commercial segment is set to record the highest growth rate through 2020.
Regionally, North America takes dominance in the market for ROVs and AUVs, and is predicted to maintain its leadership through 2020. Country-wise, the USA remains the major developer, operator and exporter of UUV. The African UUV market is predicted to grow at the highest pace in the next five years.
Cutting-edge research study “Unmanned Underwater Vehicles (UUV) Market” prepared by MarketsandMarkets gives access to a thorough analysis of the unmanned underwater vehicles (UUV) marketplace at different geographical scales. It offers an up-close review of the market segmentation (by type, product, application, propulsion system and payload) and discloses key market performance estimates (historical and current). Moreover, the report delves deep in the market dynamics, covers the current and emerging UUV market trends, provides Porter’s five forces analysis and sheds light on the market competitive landscape, profiling key participants. Market granular forecasts up to 2020 are available in the research report, too.
Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicle), ROV & AUV Market by Application, by Product, by Propulsion System, by Payload & by Geography - Global Forecasts to 2020
Published: March, 2016
Price: US$ 4,650.00
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