Unmanned Underwater Vehicles Market worth $4.84 Billion by 2019

The "Unmanned Underwater Vehicles Market by Product (Autonomous Underwater Vehicle, Remotely Operated Vehicle), Application (Defense, Oil and Gas, Scientific Research), Region & Country - Global Trends & Forecasts to 2014 - 2019", is projected to cross $4.84 billion by 2019, growing at a high CAGR from 2014 to 2019.

Browse 94 market data Tables and 31 Figures spread through 154 Pages and in-depth TOC on “Unmanned Underwater Vehicles Market”.

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UUV (Unmanned Underwater Vehicles) market includes the ROV (Remotely Operated Vehicles) and AUV (Autonomous Underwater Vehicles) market. The global ROV market is estimated to be $1.2 billion in 2014 and expected register a CAGR of 20.11% in 2019. The global AUV market is estimated to be $457 million in 2014 and expected register a CAGR of 31.95% in 2019.

The global unmanned underwater vehicles report analyses the defense, oil and gas, and scientific research applications of the UUV which includes ROV and AUV. The drivers, restraints, and challenges, are analyzed and the PEST (Political, Economic, Sociocultural, and Technological) analysis of the market is incorporated to determine its impact on the ROV and AUV market.

The need for seabed mapping and oceanographic environmental study will drive the use of the UUV for scientific research purposes. Emergence of AIP (Air Independent Propulsion) systems while the miniaturization trends in AUV have proven to be driving factors for this market. AUV are majorly used for ultra-deepwater exploration, anti-submarine warfare and ISR (Intelligence, Surveillance, and Reconnaissance) activities.

ROV is expected to be used tremendously for performing complex tasks such as mine hunting, mine countermeasure (MCM) operations and pipeline inspection. The global UUV market is dominated by the Asia-Pacific, Latin America, and African regions while that in North America and Europe will be sluggish compared to these regions.

Key players such as SAAB AB (Sweden), Fugro (The Netherlands), Oceaneering (U.S.), continue to be the market leaders occupying a significant market share for ROV. Kongsberg (Norway), Teledyne (U.S.), Bluefin Robotics (U.S.), and Atlas Elekronik (Germany), are also significant players in the AUV market.

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