Global Unmanned Underwater Vehicles Market Report By Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV)), By Application (Commercial, Scientific Research, Defense, Miscellaneous), By Product Type (Small Vehicle, High-Capacity Electric Vehicle, Work Class Vehicle, Heavy Work Class Vehicle), By Propulsion System (Electric System, Mechanical System, Hybrid System), By Payload (Camera, Sensors, Inertial Navigation Systems, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030

The global demand for Unmanned Underwater Vehicles Market is presumed to reach the valuation of nearly USD 18.79 BN by 2030 from USD 4.8 BN in 2022 with a CAGR of 18.59% during the period of 2023-2030.
 
Unmanned underwater vehicles or underwater drones are vehicles that can operate underwater without human interference. These are self-propelled vehicles and also considered as robot vehicles. Unmanned underwater vehicles can perform independently for a period ranging from a few hours to several days. There are two categories of the unmanned underwater vehicles, remotely operated underwater vehicles, and autonomous underwater vehicles. These vehicles are typically used in industries and military operations, oceanic warfare, oil & gas explorations and discovery of underwater mines.
 
Market Dynamics
 
The key factors that are fuelling the global unmanned underwater vehicles market include growing maritime threats and increasing need for maritime security,   rising deep-water offshore oil and gas exploration and production, and increasing need for ocean data and mapping. Moreover, factors such as advancement in ocean exploration and growing demand for energy and power are also propelling the market. Increasing investments by developing economies for homeland security and technologically improvement in unmanned underwater vehicles is a significant highlight. However, the military budget constrains in certain developed countries are a factor that may hinder the market growth.
 
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
 
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of unmanned underwater vehicles.
 
Market Segmentation
 
The entire unmanned underwater vehicles market has been sub-categorized into type, payload and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.

By Type

• Remotely Operated Vehicle (ROV)
• Autonomous Underwater Vehicles (AUV)

By Application

• Commercial
• Scientific Research
• Defense
• Miscellaneous

By Product Type

• Small Vehicle
• High-Capacity Electric Vehicle
• Work Class Vehicle
• Heavy Work Class Vehicle

By Propulsion System

• Electric System
• Mechanical System
• Hybrid System

By Payload

• Camera
• Sensors
• Inertial Navigation Systems
• Others

Regional Analysis
 
This section covers regional segmentation which accentuates on current and future demand for unmanned underwater vehicles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
 
Global Unmanned Underwater Vehicles Market Share by Region (Representative Graph)
 

 
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the unmanned underwater vehicles market include Boeing (U.S.), Fugro (Netherlands), General Dynamics Corporation (U.S.), International Submarine Engineering (Canada), KONGSBERG (Norway), L3Harris Technologies Inc. (U.S.), Lockheed Martin Corporation (U.S.), Oceaneering International Inc. (U.S.), Saab AB (Sweden), Teledyne Technologies Incorporated (U.S.). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.