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(Transportation-News.com, October 06, 2018 ) Unmanned underwater vehicle market is estimated to reach US$ 3.99 Bn by 2025.
The global Unmanned Underwater Vehicle (UUV) Market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for UUV consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers.
The development and adoption of modern technological equipment are enabling naval forces and maritime organizations to effectively synchronize air, naval and land components into a single unit. For instance, the US Navy is in the development phase of Large Displacement Unmanned Undersea Vehicle (LDUUV), which is capable of providing intelligence, surveillance, reconnaissance (ISR), mine counter-measures (MCM), anti-submarine warfare (ASW), acoustic surveillance, and offensive operations. In addition, the Defense Advanced Research Projects Agency (DARPA) has undertaken the Hydra venture, which is planned to incorporate advancing, and existing technologies for the improvement of a dispersed system of unmanned vehicles and undersea payloads to supplement the dynamic in-service manned vessels. The system is required to exploit crucial information exchange abilities to counter dangers under the sea surface.
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The global Unmanned Underwater Vehicle (UUV) Market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for UUV consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers.
The growth of the market for UUV is highly influenced by the remarkable growth in the demand of need for enhanced ISR and detection of submarine among Defence forces across the globe. One of the major existing disputes is China’s conflict with its neighbors in the South China Sea and the Pacific Ocean, which is driving the demand for underwater systems in the South East Asian region, particularly in building naval strengths to counter underwater threats from enemies. Major navies in the region, especially China and India are emphasizing on the development of submarines, however, the demand for unmanned vehicles are also gaining momentum substantially in order to effectively monitor illegal access in the maritime boundaries of these countries. Countries such as South Korea, Pakistan, and Taiwan are also expected to invest large sums in the domain over the forecast period, due to territorial conflicts and recently developed indigenous capabilities.
The Major Key Market Players:
1. Kongsberg Gruppen
2. Teledyne Technologies Inc.
3. Lockheed Martin Corporation
4. Saab AB
5. L3 Technologies Inc.
6. SubSea 7
7. Atlas Elektronik GmbH
8. International Submarine Engineering Ltd.
9. ECA Group
10. Gabri S.R.L
With increasing coastal developments, the maritime domain is gradually becoming congested, fueled by both state and non-state actors using the sea for various activities. This increases the need for maritime surveillance and protection. As a result, demand for modern assets, such as unmanned vehicles which can be deployed to reduce human life risks, and mitigate enemy contact by moving into other domains, is increasing. Moreover, the surging application of digital connectivity also acts as a major factor in the growth of the unmanned oceanic systems. Connectivity plays a paramount role for the modern networked sea and sub-sea forces, as the value of every sensor and effector is determined by the degree of its integration in the overall C4ISR chain. Major countries in the defense sectors are substantially investing in the development of connecting subsea-based sensors and submerged platforms.
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The report focuses on an in-depth segmentation of this market based by types, and applications. The geographic segmentation of the report covers major regions including; North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South America (SAM). The regional market has been further categorized by respective countries. By type segment, ROV market accounted for the largest market share and is expected to grow with a highest market growth in 2017; whereas, regionally, North America is expected to grow at the highest CAGR during the forecast period.
Top ten key players of The global Unmanned Underwater Vehicle (UUV) Market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for UUV consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers. include Kongsberg Gruppen, ECA Group, Teledyne Technologies Inc., Lockheed Martin Corporation, Atlas Elektronik GmbH, Saab AB, Subsea 7 S.A., L-3 Technologies, International Submarine Engineering, and Gabri S.r.l among others.
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The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
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