NEW YORK, Nov. 26, 2021 /PRNewswire/ -- The unmanned underwater vehicles market size is expected to increase by USD 1.91 bn from 2020 to 2025, according to the latest research report from Technavio. The growth momentum of the market is expected to decelerate at a CAGR of 13.77%. This market forecast report provides a detailed customer landscape matrix comparing key industry-driven parameters.
The unmanned underwater vehicles market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. This report identifies the growing demand for stealth platform as one of the prime reasons driving the unmanned underwater vehicles market growth during the next few years.
The unmanned underwater vehicles market covers the following areas:
Design and operational challenges: Unmanned sea systems present certain design challenges and operational restrictions. Some limitations in operating unmanned underwater vehicles are related to speed, extended range, payload carrying capacity, and endurance.
Increasing investments for deploying manned submarines: The increasing investments in manned attack submarines can negatively impact the unmanned underwater vehicles market, primarily for the UUVs segment. As most submarines in many countries are nearing the end of their service life, there is a growing need to replace them. This may diminish the investments in UUVs and limit the funding required for developing advanced unmanned underwater vehicles and associated electronics.
Data breaching due to malicious cyber wars: Occurrences of data leakage can make both manned and unmanned combat platforms vulnerable to threats even before they are commissioned. This is a major challenge for the market.
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Unmanned Underwater Vehicles Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 13.77%
Market growth 2021-2025
USD 1.91 billion
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 34%
Key consumer countries
US, China, Germany, Norway, and France
Leading companies, competitive strategies, consumer engagement scope
ATLAS ELEKTRONIK GmbH, BAE Systems Plc, Fugro NV, General Dynamics Corp., International Submarine Engineering Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Teledyne Technologies Inc., and The Boeing Co.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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