Unmanned Underwater Vehicles Market by Type and Geography - Forecast and Analysis 2022-2026

According to the research report, the unmanned underwater vehicles (UUV) market will witness a growth of 14.6% with a CAGR of 14.2%, which is expected to increase the market share by USD 2.40 billion for the forecast period 2021 to 2026.

This unmanned underwater vehicles (UUV) market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the unmanned underwater vehicles (UUV) market segmentation by vehicle type (remotely operated and autonomous underwater) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The unmanned underwater vehicles (UUV) market report also offers information on several market vendors, including BAE Systems Plc, BaltRobotics Sp.z.o.o., Cellula Robotics Ltd., Copenhagen Subsea AS, Fugro NV, GABRI S.R.L, General Dynamics Corp., Graal Tech Srl, Groupe Gorge SA, Hydromea SA, International Submarine Engineering Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., RTSYS, Subsea 7 SA, TechnipFMC plc, Teledyne Technologies Inc., The Boeing Co., and thyssenkrupp AG among others.

What will the Unmanned Underwater Vehicles Market Size be During the Forecast Period?

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Unmanned Underwater Vehicles Market: Key Drivers, Trends, and Challenges

The growing demand for stealth platforms is notably driving the unmanned underwater vehicles (UUV) market growth, although factors such as design and operational challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the unmanned underwater vehicles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Unmanned Underwater Vehicles Market Driver

The growing demand for stealth platforms is notably driving the unmanned underwater vehicles market growth. The use of stealth technology or low observable technology began in the late 1960s. It advocates and employs defense tactics that promote passive electronic countermeasures to make aircraft, submarines, ships, missiles, and satellites less visible or undetectable to radars, infrared, sonars, or other detection platforms. Over the years, stealth technology has undergone modifications in the selection of materials, aerodynamic designs, and operational techniques of combat platforms. For example, the Talisman UUV, developed by BAE Systems (an autonomous UUV), features carbon fiber hulls that ensure a stealth profile and low observability underwater. However, the company has utilized similar technology that is employed in the designing of stealth aircraft. The Talisman UUV is deployable 50 miles offshore, where the UUV can carry out uninterrupted operations for 24 hours. The Talisman (L version) employs a wide array of sensors like high-definition (HD) forward and sideways-looking sonar systems, which make it superior in detecting underwater mines and in harbor surveillance tasks while being undetected by enemy radars. Such initiatives are expected to drive advances in unmanned sea platforms, thereby spurring the growth in the global unmanned underwater vehicles (UUV) market.

Key Unmanned Underwater Vehicles Market Trend

Growing investments in undersea warfare capabilities is the key trend driving the unmanned underwater vehicles market growth. The defense strategies of most major countries rely significantly on undersea warfare. Stealth submerged platforms like UUVs have emerged as the most feasible means of intelligence gathering. Growing maritime and undersea warfare is a vital element of current and future military operational plans. The extensive investments in R&D and the wide use of technology and high-fidelity training have enhanced the stealth attributes of undersea vehicles. The transition from traditional manned platforms to new, unmanned sea vehicles has changed naval warfare. China has started to deploy advanced nuclear attack and ballistic missile submarines across the world and is developing nuclear ballistic missiles to neutralize enemy units. For instance, in June 2020, the French Ministry of Armed Forces announced that the French Navy had test-launched the M51 SLBM from a Le Triomphant-class SSBN. With the increasing focus on undersea warfare strategies, countries pay greater attention to innovative and more advanced lethal platforms. These platforms can provide them with a competitive advantage over adversaries in times of combat. These naval platforms also work in coordination with aerial and ground systems to enhance a country's overall defense capabilities.

Key Unmanned Underwater Vehicles Market Challenge

The major challenge impeding the unmanned underwater vehicles market growth is the design and operational challenges. An unmanned sea system provides great and diverse operational opportunities for naval forces. However, this system also presents some unique and difficult design challenges as well as operational restrictions. Some limitations in operating unmanned underwater vehicles relate to speed, extended range, payload carrying capacity, and endurance. As these systems are deployed underwater, they witness issues with communications. This is primarily because of the water waves distorting transmissions while obstacles from ocean debris further add to the problem. At times, the significant amount of debris present underneath the ocean can also damage these systems. Hence, it has been observed that the capabilities of unmanned underwater vehicles in the submerged state to communicate in real-time decrease considerably, thus impacting mission effectiveness. These systems need to be equipped with various payloads such as sonar, sensors, cameras, and manipulators. Malfunctioning any of these payloads can greatly impact the operational effectiveness of the whole system. Since these systems remain underwater, addressing such technical issues becomes difficult.

This unmanned underwater vehicles (UUV) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global unmanned underwater vehicles market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the unmanned underwater vehicles (UUV) market during the forecast period.^^^

Who are the Major Unmanned Underwater Vehicles Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• BAE Systems Plc
• BaltRobotics Sp.z.o.o.
• Cellula Robotics Ltd.
• Copenhagen Subsea AS
• Fugro NV
• GABRI S.R.L
• General Dynamics Corp.
• Graal Tech Srl
• Groupe Gorge SA
• Hydromea SA
• International Submarine Engineering Ltd.
• Kongsberg Gruppen ASA
• L3Harris Technologies Inc.
• Lockheed Martin Corp.
• RTSYS
• Subsea 7 SA
• TechnipFMC plc
• Teledyne Technologies Inc.
• The Boeing Co.
• thyssenkrupp AG

 

This statistical study of the UUV market encompasses successful business strategies deployed by the key vendors. The unmanned underwater vehicles market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Unmanned Underwater Vehicles Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the UUV market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profits and also the optimization and evaluation of business strategies The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Unmanned Underwater Vehicles Market?

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36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the UUV market in North America. Market growth in this region will be faster than the growth of the market in other regions.

Increasing research and investments in the development of unmanned underwater vehicles will facilitate the unmanned underwater vehicles market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the COVID-19 pandemic adversely impacted revenue growth in the market in North America. The full lockdowns imposed across countries in North America led to a slowdown in economic growth, which resulted in the lack of funding for and investments in new and advanced underwater vehicle projects in 2020-2021. The lockdowns resulted in supply chain disruptions for unmanned underwater vehicles, which also led to a delay in the manufacturing operations of vendors. As a result, the UUV market in North America witnessed a slowdown in 2020. However, owing to the growing government efforts to boost economic growth, the market is expected to recover slowly during the forecast period. Moreover, defense modernization programs and the expansion of naval fleets will increase the procurement of unmanned underwater vehicles in North America during the forecast period. 

What are the Revenue-generating Vehicle Type Segments in the Unmanned Underwater Vehicles Market?

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The UUV market share growth in the remotely operated segment will be significant during the forecast period. Remotely operated vehicles (ROVs) are used to explore the ocean without actually being in the ocean. Most of the ROVs are equipped with at least a still camera, a video camera, and lights, which means they can transmit images and video back to the ship facilitating the growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the UUV market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Unmanned Underwater Vehicles Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 14.2%
Market growth 2022-2026	$2.40 billion
Market structure	Fragmented
YoY growth (%)	14.06
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 36%
Key consumer countries	US, Canada, China, Germany, and Norway
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	BAE Systems Plc, BaltRobotics Sp.z.o.o., Cellula Robotics Ltd., Copenhagen Subsea AS, Fugro NV, GABRI S.R.L, General Dynamics Corp., Graal Tech Srl, Groupe Gorge SA, Hydromea SA, International Submarine Engineering Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., RTSYS, Subsea 7 SA, TechnipFMC plc, Teledyne Technologies Inc., The Boeing Co., and thyssenkrupp AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Unmanned Underwater Vehicles Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive unmanned underwater vehicles market growth during the next five years
• Precise estimation of the unmanned underwater vehicles market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the unmanned underwater vehicles industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of unmanned underwater vehicles market vendors

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