Global $2.65 Billion Unmanned Underwater Vehicles

Dublin, March 10, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Unmanned Underwater Vehicles Market - Analysis and Forecast (2016-2021) (Focus on Major Vehicle Types, Payloads and Application)" report to their offering. Unmanned underwater vehicle market generated $2,652.62 million in 2016

The unmanned underwater vehicle market is experiencing an advanced rate of growth over the past years due to the increasing demand in commercial, defense and military and scientific research applications. This high scale of growth of the unmanned underwater vehicle industry is subsequently influencing the market, wherein new range of programs are being carried out to develop latest unmanned underwater technologies.

Maritime systems have emerged to be a powerful tool for commercial, defense and scientific research applications. The system has been constantly evolving at a rapid pace, with an impending need for updations in maritime technology. Unmanned Underwater Vehicles (UUVs) are defined as the systems that are able to operate under sea without the human operator inside. With various innovations in the field of undersea technology, new forms of systems are being developed that are highly autonomous, light weight and are easy to operate. The market of Autonomous Underwater Vehicles (AUVs) is expected to show robust growth due the increasing rate of investments in the defense industry. The increased demand of oil and gas has driven the demand for undersea technologies. The oil and gas ratio in the commercial sector is expected to have the highest demand during the forecast period and hence, will prove as the potential market for the utilization of unmanned underwater vehicles. The extent of defense and scientific research has also emphasized on the importance of UUVs. Many countries across the world are investing in protecting the maritime environment due to rising underwater threats. AUVs can be majorly used for military missions due to their increased functionality. The application of the UUVs has been actively adopted in the scientific research as the scientists need to explore and study about the undersea harsh environment at a deeper level.

Lockheed Martin, General Dynamics, BAE Systems, Saab AB, Oceaneering International, Fugro, Kongsberg Gruppen, Subsea 7 and Teledyne Technologies are some of the major players of the UUV market. Key Topics Covered: 1 Research Scope & Methodology 1.1 Scope of the Report 1.2 Unmanned Underwater Vehicles Market Research Methodology 2 Market Dynamics 2.1 Market Drivers 2.1.1 Growing Demand of UUVs for Naval Applications 2.1.2 Increase in Offshore Oil & Gas Activities 2.1.3 Growing Need for UUVs in Oceanography 2.2 Market Challenges 2.2.1 Navigational Issues with UUVs 2.2.2 Operational Complexities with UUVs 2.3 Market Opportunities 2.3.1 Emergence of Hybrid UUVs 2.3.2 Technological Advancements in UUVs 3 Competitive Insights 3.1 Competitive Landscape 3.2 Key Strategies and Developments 3.2.1 Partnerships, Agreements and Contracts 3.2.2 Product Launches 3.2.3 Mergers and Acquisitions 3.2.4 Other Developments 4 Industry Analysis 4.1 Evolution of Unmanned Underwater Vehicles 4.2 Classification of Unmanned Underwater Vehicles 4.3 Technology Roadmap for Unmanned Underwater Vehicles 4.4 Major Expenditure (R&D, Proc. and O&M) on Unmanned Systems, 2014-2018 4.5 UUV Product Mapping with Key Manufacturers 4.5.1 An Overview on Unmanned Underwater Vehicles Products 4.6 Pricing of Autonomous Underwater Vehicles 4.7 Value Chain Analysis 5 Global Unmanned Underwater Vehicles Market, 2015-2021 5.1 Assumptions and Limitations 5.2 Market Overview 6 Unmanned Underwater Vehicles Market by UUV Type 6.1 Market Overview 6.2 UUV Types Market by Application, 2015-2021 6.3 Remotely Operated Vehicles (ROVs) Market Size, 2015-2021 6.3.1 Remotely Operated Vehicles Market Size by Product Type, 2015 - 2021 6.4 Autonomous Underwater Vehicles (AUVs) Market Size, 2015-2021 6.4.1 Autonomous Underwater Vehicles Market Size by Product Type, 2015 - 2021 6.5 Hybrid Underwater Vehicles Market Size, 2015-2021 7 Unmanned Underwater Vehicles Market by Payload 7.1 Market Overview 7.2 Camera 7.3 Sonar 7.4 Sensors 7.5 Inertial Navigation System 7.6 Others 8 Unmanned Underwater Vehicles Market by Application 8.1 Market Overview 8.2 Unmanned Underwater Vehicles Market for Commercial Application, 2015-2021 8.3 Unmanned Underwater Vehicles Market for Defense and Security Application, 2015-2021 8.4 Unmanned Underwater Vehicles Market for Scientific Research Application, 2015-2021 9 Unmanned Underwater Vehicles Market by Geography 10 Company Profiles - BAE Systems - Fugro - General Dynamics - Kongsberg Gruppen - Lockheed Martin - Oceaneering International - Saab AB - Subsea 7 - Teledyne Technologies For more information about this report visit http://www.researchandmarkets.com/research/d3...l_unmanned

CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com 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 Related Topics: Maritime, Military Unmanned Systems, Naval Vessels