Unmanned Underwater Vehicles (UUV) Market to Reach $5.2 Billion by 2022: Rising Number of Deep Water Offshore Oil & Gas Production Activities
DUBLIN, July 18, 2017 /PRNewswire/ --
The "Unmanned Underwater Vehicles (UUV) Market - Global Forecasts to 2022" report has been added to Research and Markets' offering.
The Unmanned Underwater Vehicle (UUV) market is projected to grow from USD 2.69 Billion in 2017 to USD 5.20 Billion by 2022, at a CAGR of 14.07% from 2017 to 2022. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats. Government organizations and private agencies across the globe have been investing in the development and manufacturing of advanced UUVs.
Based on application, the unmanned underwater vehicle market has been segmented into defense, commercial exploration, scientific research, and miscellaneous. The commercial exploration segment is projected to witness the highest growth during the forecast period, due to the increased demand for UUVs in commercial applications, such as surveys and seabed mapping, offshore drilling, and pipeline inspection.
Based on type, the unmanned underwater vehicle market has been segmented into Remotely Operated Vehicle (ROV) and Autonomous Underwater Vehicle (AUV). The remotely operated vehicle market is estimated to be a larger market in 2017, due to the high demand for high-powered ROVs for ultra-deep sea ocean levels drilling.
The geographical analysis of the unmanned underwater vehicle market covers regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The market in Africa is projected to witness the highest growth during the forecast period, owing to the increasing activities pertaining to the discovery of new regions for oil & gas exploration between Africa and the Gulf of Mexico.
Companies Mentioned
- Atlas Elektronik Gmbh
- Bluefin Robotics Corporation
- Fugro N.V.
- International Submarine Engineering Ltd.
- Kongsberg Gruppen
- Lockheed Martin Corporation
- Oceaneering International, Inc.
- Oceanserver Technology, Inc.
- Saab Group
- Subsea 7 S.A.
- Teledyne Technologies Inc.
- The Boeing Company
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Unmanned Underwater Vehicle Market, By Type
8 Remotely Operated Vehicle Market, By Application
9 Remotely Operated Vehicle Market, By Product Type
10 Remotely Operated Vehicle Market, By Propulsion System
11 Remotely Operated Vehicle Payload Market, By Type
12 Remotely Operated Vehicle Market, By Region
13 Autonomous Underwater Vehicle Market, By Application
14 Autonomous Underwater Vehicle Market, By Product Type
15 Autonomous Underwater Vehicle Market, By Propulsion System
16 Autonomous Underwater Vehicle Payload Market, By Type
17 Autonomous Underwater Vehicle Market, By Region
18 Competitive Landscape
19 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/hhxxh3/unmanned
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article