keyboard_arrow_up

Unmanned Underwater Vehicles Market is Dominate Asia – Pacific 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 by Product (Autonomous Underwater Vehicle, Remotely Operated Vehicle), Application (Defense, Oil and Gas, Scientific Research), Region & Country - Global Trends & Forecasts to 2014 - 2019”
http://www.marketsandmarkets.com/Market-Reports/Unmanned-underwater-vehicles-market-140710720.html
Early buyers will receive 10% customization on reports.

     

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 warfareand ISR (Intelligence, Surveillance, and Reconnaissance) activities.

The global UUV market is estimated to be $1.66 billion in 2014 and expected to reach $4.84 billion in 2019. The global ROV (Remotely Operated Vehicles) market is estimated to be $1.20 billion in 2014 and is expected to register a CAGR of 20.11% to reach $3.01 billion in 2019. The global AUV market is estimated to be $457 million in 2014 and is expected to register a CAGR of 31.95% to reach $1.83 billion in 2019.

The key growth regions will be Asia-Pacific, Latin America, and Africa. Countries such as China, Japan, Brazil, Norway and India, will show reliable levels of growth.

The growth for this market will be sluggish in the North American and European regions. There is a slight decline in the global share of advanced markets. The AUV market is expected to mature over the next five years. Significant investments made by the BRIC countries and the countries from the Latin American and African regions in the oil exploration and deepwater study will prove to be a prominent driver for the UUV market. The emerging countries will also be actively involved in the military activities for Intelligence, Surveillance, and Reconnaissance (ISR) purposes.

http://www.marketsandmarkets.com/speaktoanalyst.asp?id=140710720

The on-board battery endurance constraint will be taken care of by the introduction of the Air Independent Propulsion system (AIP) and solar cells. Miniaturization and better endurance will cause a significant increase the span of the seabed-mapping activities using AUV. The ultra-deepwater exploration activities will definitely prove to be a driver for the ROV market in the near future.

The increasing demand in energy globally, will significantly drive the oil and gas sector. The mine hunting, pipeline inspections, and mine countermeasure (MCM) operations, will require ROV to perform complex tasks. UUV will be primarily used for oil rig construction and maintenance activities.

There will be an increasing demand in offshore drilling activities to serve the global energy needs. The ROV market will show a significant increase in this sector. The need for seabed mapping and oceanographic environmental study for safeguarding the environment will be a key factor in the use of the UUV for scientific research purposes. The driving factor for this market will be the emergence of AIP (Air Independent Propulsion) systems and miniaturization in AUV, and the increased operational efficiency of the ROV to perform complex operations using various payloads.

http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=140710720

Stringent market growth will be seen in countries such as Nigeria, Angola, Brazil, Chile, and, New Zealand, for the oil and gas sector and the countries such as China, Japan, and India, for the scientific research sector. The North American and European regions will show a comparatively sluggish growth over the next five years. There will be a slight decline in the global share of advanced markets defense budget cuts and the economic crisis.

Contact:
Mr. Rohan
North - Dominion Plaza, 
17304 Preston Road, 
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com