unmanned
Technological Advancements Expected to Drive the Market Growth
Unmanned underwater vehicle market players are working on improving the battery life, autonomy, and manipulation ability to increase their sales in the commercial sector. They have an average battery life of fewer than 24 hours, and if required to work deep water, thrusters consume the majority of the power. The limited capacity of unmanned underwater vehicles creates the demand for human interference in charging them. The advent of autonomous underwater vehicles that supports the use of nickel-metal hydride (NiMH) batteries is expected to boost market growth. They boast of a slower degradation rate and fewer leakage chances at the time of accidents which makes them preferable to lithium-ion batteries. Increased use of nickel-metal hydride in high-speed unmanned underwater vehicles is expected to boost the market demand across the globe. The onboard sensors used in unmanned underwater vehicles, along with technological advancements, can lower the power consumption rate of the electronic components used in unmanned underwater vehicles. Technologies are developed that can support autonomous underwater vehicles charging underwater. UUV is integrated with navigation, communication, and imaging technologies, and these can provide high-resolution seafloor mapping in the deep waters. Market players are making high-end investments for the research and development activities and finding advanced technologies that can offer their data collection ability and endurance and stabilize their stable sonar resolution. Therefore, the integration of the advanced technologies in unmanned underwater vehicles and the ongoing technological advancements are expected to bolster the global unmanned underwater vehicles market growth over the next five years.
Concerns regarding Maritime Security and Naval Security Support the High Market Demand
Maritime security and maritime privacy concerns are threats to the global shipping industry that can pose a risk to human life and result in financial losses. Drug smuggling, migrant smuggling, and port security are some of the ongoing activities that are adversely affecting maritime security. Concerned authorities are making the use of unmanned underwater vehicles to improve maritime security and overcome such threats through intelligence, surveillance, and reconnaissance (ISR) operations. Unmanned underwater vehicles are also called underwater drones, underwater robots, and underwater submarines. For subsea operations, unmanned underwater vehicles are being increasingly used by the military, navy, and coastal security forces for different purposes, including anti-submarine warfare, inspection/identification, and mine countermeasures. The rise in demand for unmanned underwater vehicles in the United States, Canada, and China is expected to propel the market growth over the forecast period.
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Market Segmentation
![MIR Segment1](https://www.marketinsightsresearch.com/uploads/Segment1.jpg)
In terms of country, the United States is anticipated to hold a significant market share in the forecast period due to high defense expenditure to build a strong naval fleet in the country.
Market Players
SAAB Seaeye, Lockheed Martin Corporation, Kongsberg Gruppen, Teledyne Technologies, Oceaneering International Inc., BAE Systems, Bluefin Robotics, International Submarine Engineering, Atlas Elektronik, Boston Engineering Corporation, are the major market players operating in the global unmanned underwater vehicles market.
Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
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Shape
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Application
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Regional scope
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North America; Asia Pacific; Europe & CIS; South America;
Middle East & Africa
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Country scope
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United States; Canada; Mexico; China,
India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France,
United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina;
Saudi Arabia, Iran, Israel, UAE, Turkey
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Key companies profiled
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SAAB Seaeye, Lockheed Martin Corporation, Kongsberg Gruppen, Teledyne
Technologies , Oceaneering International Inc., BAE Systems , Bluefin Robotics,
International Submarine Engineering, Atlas Elektronik, Boston Engineering
Corporation
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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