North America has largest market share of UUVs & USVs market, followed by Europe and Asia-Pacific region. This attributes to significant investments by US Department of Defense in UUVs & USVs has led the growth of defense sector in this region. With the growing utilization of AUVs & ROVs for off-shore discoveries in this region is responsible for owing the largest share in North America market during the forecast period. Global UUVs & USVs market is expected to grow from US$ 991.2 Mn in 2017 and is anticipated to escalate at a CAGR of 5.4% from 2018 to 2025 to account for US$ 1,482.6 Mn by 2025.
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Some of the key players of UUVs & USVs market include Kongsberg Gruppen, Teledyne Technologies, Lockheed Martin, ASV Global, Atlas Elektronik, ECA Group, Rafael Advanced Defense Systems, General Dynamics, Boeing and Clearpath Robotics among others.
The UUVs & USVs are the drones operating underwater and on surface with or without human interference. Currently, these UUVs & USVs have wide range of applications in defense sector, commercial sectors, and scientific research organizations. The deployment of such unmanned marine vehicles in naval forces dates long back, and the major defense forces such as the US, the UK, Russia, France, and China are investing substantial amounts in development of robust technology UUVs and USVs. Moreover, the defense forces across the globe are facing maritime security threats such as seabed mines, submarine warfare, and anti-ship & anti-submarine missiles, among others. Therefore, these potential threats are pressurizing the defense forces to incorporate unmanned systems on or under ocean surface to counter these threats and reduce the human risk.
The report focuses on an in-depth segmentation of this market based by driving mechanism, by payload, and by applications. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and South America (SAM). The regional market has been further bifurcated by respective countries. By application segment where defense application accounted for the largest market share and commercial application expected to grow with a highest market growth in 2017; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
The report aims to provide an overview of global UUVs & USVs market with detailed market segmentation. Also, it analyzes the current UUVs & USVs market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
APAC region is world’s fastest developing region and accommodates majority of the global economy. It also accredits most of the world’s nuclear power and in coming years it is anticipated to be among the strongest region in terms of defense and security forces. The region is also being projected approximately 60% of the increase in global defense acquisition and R&D will be driven by APAC countries. Thus, Asia-Pacific region is expected to lead the market with highest CAGR during the forecast period.
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