Unmanned Underwater Vehicles Market, By Type (Remotely Operated Vehicle (ROV) and Autonomous Underwater Vehicle (AUV), By Product (Vehicles, High-capacity Electric Vehicles, Work Class Vehicles, Heavy Work Class Vehicles, Man portable, Light Weight Vehicles, and Heavy Weight Vehicles), By Application (Commercial Exploration, Defence, Scientific Research, and Miscellaneous), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Report Code: PMI463021 | Publish Date: November 2023 | No. of Pages: 192

Global Unmanned Underwater Vehicles Market Overview

Unmanned underwater vehicles (UUV) may be a robot vehicle which will operate underwater without occupancy of person. These are thus self-propelled vehicles and are commonly utilized in industries and in military operations. The vehicles are equipped with the instruments and sensors required for the precise task. These could also be sonar, camera, explosive devices, chemical injectors, and various others. UUV are used for various applications including surveillance, reconnaissance, mine countermeasures, ocean bottom mapping, pipeline inspection, polar ice research, anti-submarine warfare, and a number of other.

The global unmanned underwater vehicles market is predicted to experience growth with the rise in navel applications for safety and security purposes. Additionally, the rise within the number of offshore oil &gas activities is also expected to propel the market growth within the future. The increase in surveillance activity for security, increase in rigid rules regulations and surge in government investments further accelerate the expansion of the unmanned underwater vehicles market. However, the unmanned underwater vehicles market could also be negatively affected because of the depression and defense budget cuts.

The global unmanned underwater vehicles market is estimated to be US$ 11.16 billion by 2030 and is anticipated to register a CAGR of 16.50%.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. With increasing spread of COVID-19 worldwide had a massive impact on the semiconductor industry with manufacturing facilities temporarily shutdown, resulting in a slowdown of production. The pandemic resulted in disruption across the globe with limited supply chain participants shifting their production facilities outside China, thereby reducing their over-reliance on China. Lockdowns imposed by the governments within the wake of the pandemic outbreak has not only affected manufacturing but also slow consumer demand for semiconductor devices.

Global Unmanned Underwater Vehicles Market Dynamics

Growing deep-water offshore oil & gas production

The demand for oil & gas has grown in recent years, increasing by 31% since 2000. This demand-driven by the developing world is forecast to continue as oil may be a primary energy source for major industries, like transportation, and can't be easily substituted by energy sources. However, with the availability of oil & gas from conventional resources declining, the main target has shifted to deep-water offshore oil & gas production, which, in turn, created a serious demand for ROVs for drilling support, intelligence, and repair & maintenance activities within the subsea market.

Growing adoption of robotics in defense and security

The growing adoption of robotics in defense and security applications is predicted to drive market growth over the subsequent few years. Robotics has been utilized in manufacturing over the past few years. Tremendous development over the years has made them more sophisticated and reliable for military and enforcement applications.

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Global Unmanned Underwater Vehicles Market Segmentation

The global unmanned underwater vehicles market is segmented based on type, product, application, end user, and region.

On the basis of type, the global unmanned underwater vehicles market is segmented into remotely operated vehicle (ROV) and autonomous underwater vehicle (AUV). Based on product the target market segmented into vehicles, high-capacity electric vehicles, work class vehicles, heavy work class vehicles, man portable, light weight vehicles, and heavy weight vehicles. Based on application the target market is segmented into commercial exploration, defence, scientific research, and miscellaneous.

Regional Insights:

On region the global unmanned underwater vehicles market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe anticipated contributing substantially to the global share owing to growing offshore oil and gas exploration activities in European countries. For instance, in May 2018, oil firm Lukoil of Russia completed the construction of a third well in Filanovsky field of the Caspian Sea in the Russian sector.

However, Asia Pacific is expected to witness substantial growth of over the forecast period, owing to the growing use of underwater robotics in defense and oil and gas exploration activities in countries such as China, India, South Korea, and Japan.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- remotely operated vehicle (ROV) and autonomous underwater vehicle (AUV)

By Product– vehicles, high-capacity electric vehicles, work class vehicles, heavy work class vehicles, man portable, light weight vehicles, and heavy weight vehicles

By Application- commercial exploration, defence, scientific research, and miscellaneous.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global unmanned underwater vehicles market report based on type, product, application, and region.

Global Unmanned Underwater Vehicles Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa 

Global Unmanned Underwater Vehicles Market Key Players

The key players operating in the global unmanned underwater vehicles market includes SAAB Seaeye, Kongsberg Gruppen, Lockheed Martin Corporation, Oceaneering International Inc, Teledyne Technologies, Atlas Elektronik, International Submarine Engineering, Bluefin Robotics, Boston Engineering Corporation, and BAE Systems. Several strategic initiatives including portfolio expansions through novel product launches have been adopted by key players to maintain their presence in the market for unmanned underwater vehicles. For instance, In October 2016, Oceaneering International, Inc. announced the expansion of AUV operations in the West Africa region to support its existing and new customers.

Global Unmanned Underwater Vehicles Market Company Profile

  • Lockheed Martin Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies 
  • SAAB Seaeye
  • Kongsberg Gruppen
  • Oceaneering International Inc
  • Teledyne Technologies
  • Atlas Elektronik
  • International Submarine Engineering
  • Bluefin Robotics
  • Boston Engineering Corporation
  • BAE Systems

Global Unmanned Underwater Vehicles Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Product
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Unmanned Underwater Vehicles Market, By Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Remotely  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Operated Vehicle (ROV)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Autonomous Underwater Vehicle (AUV)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Unmanned Underwater Vehicles Market, By Product , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Vehicles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • High-Capacity Electric Vehicles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Work Weight Vehicles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Heavy Weight Vehicles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Unmanned Underwater Vehicles Market, By Application , Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Commercial Exploration
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Defense
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Scientific Research
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Scientific Research
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Miscellaneous
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Unmanned Underwater Vehicles Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Product , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Product , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Product , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Product , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Product , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • SAAB Seaeye
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kongsberg Gruppen
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lockhed Martin Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Oceaneering International Lnc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Teledyne Technologies
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Atlas Elektronik
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • International Submarine Engineering
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bluefin Robotics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boston Engineering Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BAE System
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global unmanned underwater vehicles market is segmented based on type, product, application, and region.

Growing deep-water offshore oil & gas production and growing adoption of robotics in defense and security is the major factor driving growth of the global unmanned underwater vehicles market.

Europe anticipated contributing substantially to the global share owing to growing offshore oil and gas exploration activities in European countries. For instance, in May 2018, oil firm Lukoil of Russia completed the construction of a third well in Filanovsky field of the Caspian Sea in the Russian sector.

Several strategic initiatives including portfolio expansions through novel product launches have been adopted by key players to maintain their presence in the market for unmanned underwater vehicles. For instance, In October 2016, Oceaneering International, Inc. announced the expansion of AUV operations in the West Africa region to support its existing and new customers.