#AUV & ROV market share

[blogaarti]

AUV & ROV Market is Set to Exhibit 7.8% CAGR Between 2023-2030

In recent years, there has been a growing demand for AUVs and ROVs in underwater exploration and inspection activities across many industries such as military & defence, oil & gas, scientific research, etc. The implementation of ongoing technological advancements such as AI, sensors, and robotics, have allowed these vehicles to perform complex tasks with greater precision and accuracy. Moreover, increased funding by respective governments and other concerned entities toward foster further development are elements also expected to have a positive influence on global AUV & ROV market.

Fairfield Market Research has estimated that the global AUV & ROV Market is expected to be valued at US$7 Bn by 2030, growing at a CAGR of 7.8%. Two major end-use applications for this market include oil & gas exploration activities which require AUVs and ROVs to carry out regular inspection and maintenance of existing underwater infrastructure, as well as in oceanic surveys to gather data on ocean temperature, currents, and other environmental parameters. Factors such as this are expected to continue to bolster the growth trajectory of the market in the years ahead.

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Adoption of Electric and Hybrid Propulsion Systems Fuels Market Growth

There has been a steady increase in the demand for AUVs and ROVS with electric and hybrid propulsion systems owing to the numerous benefits that these systems have over traditional propulsion systems. Some of these benefits include an increased level of efficiency which results in longer mission times and lower operational costs, a reduced environmental impact due to lower noise, vibration, and emission levels, as well as the improved level of manoeuvrability in underwater environments. Moreover, these propulsion systems reduce the need for maintenance and repair as these systems have fewer moving parts compared to traditional propulsion systems. These systems also allow for greater flexibility as they can be designed to fit the specific needs of a given application. Factors such as these are expected to have a positive influence on the global AUV & ROV market.

High Development Costs, and Limited Operational Range to Hinder Market Growth

Significant investments are needed to research and develop AUVs and ROVs. The maintenance costs of these vehicles are also high, and this could also act as a deterrent for companies looking to invest in them. Moreover, AUVs and ROVs have limited operational ranges and speed, which could result in hindering their use in certain applications, particularly those that require high-speed manoeuvring or in long-range operations. Additionally, various technical limitations of these vehicles and a lack of skilled operators are also elements that could hinder the further progression of the global AUV & ROV market in the future.

Asia Pacific to Index the Fastest CAGR

North America is expected to account for a significant share of the global AUV & ROV market owing to factors such as the presence of key industries such as oil & gas, military & defence, as well as scientific research; with the US being the largest market in this region. The Middle East & Africa is expected to remain a frontrunner in this global market. However, the Asia Pacific is expected to index the fastest CAGR over the forecast period. This can be attributed to increasing investments toward naval modernization programmes, marine research, and offshore oil & gas exploration. Key markets in this region include Japan, Australia, China, and South Korea.

Key Players in the Global AUV & ROV Market

Some of the most prominent industry players in the AUV & ROV market includes SUBSEA7, and Oceaneering International Inc. This report also encompasses other prominent companies in the market, such as Argeo, Fugro, Saab AB, Atlas Elektronik GmbH, BIRNS Inc., TechnipFMC Plc, STAPEM Offshore, and Kongsberg Maritime.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

[lalsingh228-blog]

Aquatic Robot Market to Eyewitness Huge Growth by 2030

Latest business intelligence report released on Global Aquatic Robot Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Aquatic Robot market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis: Atlas Maridan ApS. (Germany), Deep Ocean Engineering Inc. (United States), Bluefin Robotics Corporation (United States), ECA SA (France), International Submarine Engineering Ltd. (Canada), Inuktun Services Ltd. (Canada), Oceaneering International, Inc. (United States), Saab Seaeye (Sweden), Schilling Robotics, LLC (United States), Soil Machine Dynamics Ltd. (United Kingdom) Download Free Sample PDF Brochure (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/177845-global-aquatic-robot-market Brief Overview on Aquatic Robot: Aquatic robots are those that can sail, submerge, or crawl through water. They can be controlled remotely or autonomously. These robots have been regularly utilized for seafloor exploration in recent years. This technology has shown to be advantageous because it gives enhanced data at a lower cost. Because underwater robots are meant to function in tough settings where divers' health and accessibility are jeopardized, continuous ocean surveillance is extended to them. Maritime safety, marine biology, and underwater archaeology all use aquatic robots. They also contribute significantly to the expansion of the offshore industry. Two important factors affecting the market growth are the increased usage of advanced robotics technology in the oil and gas industry, as well as increased spending in defense industries across various countries. Key Market Trends: Growth in AUV Segment Opportunities: Adoption of aquatic robots in military & defense

Increased investments in R&D activities Market Growth Drivers: Growth in adoption of automated technology in oil & gas industry

Rise in awareness of the availability of advanced imaging system Challenges: Required highly skilled professional for maintenance Segmentation of the Global Aquatic Robot Market: by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV)), Application (Defense & Security, Commercial Exploration, Scientific Research, Others) Purchase this Report now by availing up to 10% Discount on various License Type along with free consultation. Limited period offer. Share your budget and Get Exclusive Discount @: https://www.advancemarketanalytics.com/request-discount/177845-global-aquatic-robot-market Geographically, the following regions together with the listed national/local markets are fully investigated: • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) • North America (U.S., Canada, and Mexico) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (Saudi Arabia, UAE, South Africa)Furthermore, the years considered for the study are as follows: Historical data – 2017-2022 The base year for estimation – 2022 Estimated Year – 2023 Forecast period** – 2023 to 2028 [** unless otherwise stated] Browse Full in-depth TOC @: https://www.advancemarketanalytics.com/reports/177845-global-aquatic-robot-market

Summarized Extracts from TOC of Global Aquatic Robot Market Study Chapter 1: Exclusive Summary of the Aquatic Robot market Chapter 2: Objective of Study and Research Scope the Aquatic Robot market Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027 Chapter 5: Decision Framework Chapter 6: Market Dynamics- Drivers, Trends and Challenges Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 8: Appendix, Methodology and Data Source Buy Full Copy Aquatic RobotMarket – 2021 Edition @ https://www.advancemarketanalytics.com/buy-now?format=1&report=177845 Contact US : Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 sales@advancemarketanalytics.com

[amrutmnm]

Global Marine Sensors Market Size: Current Trends and Future Projections

The Marine Sensors Market is set for significant growth, expanding from USD 1.4 Billion in 2023 to USD 1.9 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.5%. This growth is driven by increasing demand for Unmanned Underwater Vehicles (UUVs) and Autonomous Underwater Vehicles (AUVs), as well as rising maritime transportation needs. As navies and commercial maritime sectors focus on technologically advanced marine vessels, the demand for marine sensors is set to surge.

Market Statistics and Size

The Marine Sensors Market, valued at USD 1.4 billion in 2023, is projected to reach USD 1.9 billion by 2028, growing at a CAGR of 6.5%. This robust growth is attributable to various factors including the increased adoption of ROVs (Remotely Operated Vehicles) and AUVs in offshore oil and gas operations, oceanographic research, and maritime transportation.

Market Trends

Growing Demand for ROV and AUV Propels the Demand for Marine Sensors

ROVs and AUVs are essential in offshore oil and gas operations for tasks such as inspecting pipelines and platforms, maintenance, repair, and seabed surveys. These vehicles are equipped with a range of sensors including sonar and cameras, crucial for navigation and operational tasks underwater. The data collected by these sensors are vital for oceanographic research, helping scientists study ocean conditions like temperature, salinity, currents, and waves. The increasing utilization of ROVs and AUVs is a key driver for the marine sensors market.

Integration of Artificial Intelligence (AI) and Internet of Things (IoT)

The integration of AI and IoT with advanced marine sensor technology presents a significant opportunity for the marine sensors market. AI can analyze data collected by sensors to identify patterns and trends, improving marine safety, efficiency, and environmental protection. Real-time monitoring and predictive maintenance using AI can help reduce downtime and operational costs. The IoT enables seamless connectivity and data exchange among sensors, enhancing the operational efficiency of marine vessels.

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Industry Drivers

Increasing Demand for UUVs and AUVs

The demand for UUVs and AUVs is rising due to their capabilities in underwater exploration and operations. These vehicles rely heavily on advanced sensors for navigation, data collection, and operational tasks. The expansion of offshore oil and gas activities, environmental monitoring, and underwater research drives the demand for these vehicles, consequently boosting the marine sensors market.

Technological Advancements in Marine Sensors

Continuous advancements in sensor technology are enhancing the capabilities and reliability of marine sensors. Innovations in materials, sensor miniaturization, and integration with AI and IoT are making sensors more robust, accurate, and efficient. These advancements are crucial for meeting the complex requirements of modern marine operations.

Industry Restraints

Development Challenges for Durable Marine Sensors

Developing sensors that can withstand harsh and corrosive marine environments is a significant challenge. The high salinity, varying temperatures, high pressure at depths, and biofouling conditions in marine environments require sensors to be made from durable materials and designed to prevent corrosion and biofouling. This makes the development and manufacturing of marine sensors more expensive compared to sensors for other environments, posing a restraint on market growth.

Opportunities

Integration of AI and IoT with Marine Sensor Technology

The integration of AI and IoT with marine sensors offers numerous opportunities. AI can enhance data analysis, predictive maintenance, and operational optimization. IoT enables real-time data sharing and connectivity among sensors, improving operational efficiency and decision-making. These technologies can significantly improve marine safety, efficiency, and environmental monitoring, driving the demand for advanced marine sensors.

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Challenges

Maintenance and Calibration of Marine Sensors

The maintenance and calibration of marine sensors present several challenges due to the harsh marine environment and the remote locations of many sensors. These factors make maintenance and calibration difficult and expensive. Downtime caused by sensor failures can be costly for marine operations. Additionally, the increasing complexity of marine sensors adds to the time and cost required for maintenance and calibration, posing a challenge for the marine sensors market.

Market Segmentation

By End Use

OEM Segment: The OEM segment is projected to have the highest market share in 2023. OEMs have a deep understanding of the needs of ship owners and design sensors that meet specific requirements, backed by warranties and support. Their strong sales and distribution networks allow them to reach a wide range of customers, providing necessary support and services.

By Ship Type

Commercial Segment: The commercial ship segment holds the highest market share in the marine sensors market. The large and growing commercial fleet, stringent safety and environmental regulations, and the adoption of autonomous ships drive the demand for marine sensors in this segment. Commercial shipping companies increasingly demand real-time data from sensors to improve safety, efficiency, and profitability.

By Application

Fuel and Propulsion Segment: This segment is projected to have the second highest market share in 2023. The marine industry is under pressure to improve fuel efficiency and reduce emissions. Marine sensors provide real-time data on fuel consumption, engine performance, and emissions, helping achieve these goals. Advanced propulsion systems, such as electric and hybrid systems, rely heavily on marine sensors for safe and efficient operation.

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Regional Insights

Asia Pacific

The Asia Pacific region is expected to account for the highest CAGR during the forecast period. The rapid economic development, increasing investment in maritime infrastructure, and the adoption of autonomous ships and UUVs drive market growth in this region. Countries such as China, India, South Korea, Japan, and Australia are leading in the adoption of advanced marine sensor technologies. Government support and financial incentives further encourage the development and adoption of marine sensor technologies in this region.

Key Market Players

The Marine Sensors Market is dominated by globally established players such as Honeywell International Inc. (US), Eaton Corporation (Ireland), TE Connectivity (Switzerland), Garmin Ltd. (US), and Curtiss-Wright (US). These companies continuously invest in research and development, introducing new technological innovations and maintaining strong regional distribution networks.

The Marine Sensors Market is poised for significant growth, driven by the increasing demand for UUVs and AUVs, advancements in sensor technology, and the integration of AI and IoT. The market, projected to grow from USD 1.4 billion in 2023 to USD 1.9 billion by 2028, reflects the rising importance of marine sensors in enhancing operational efficiency, safety, and environmental protection in maritime activities. While challenges such as the development of durable sensors and maintenance issues exist, the opportunities presented by advanced technologies offer a promising future for the marine sensors market. With continued investment and innovation, the Marine Sensors Industry is set to revolutionize marine operations, contributing to safer, more efficient, and environmentally friendly maritime activities.

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Unmanned Underwater Vehicles Market Size growing at a CAGR of 16.1% by 2028

Unmanned Underwater Vehicles Market, By System (Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis), Product Type (Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, Heavy Work Class Vehicles), Propulsion Systems (Electric Systems, Non-Electric Systems), Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV)), Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi-Hull Vehicle) Application (Commercial, Scientific Research, Defense), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global Unmanned underwater vehicles market is anticipated to reach USD 2.5 billion in 2021 growing at a CAGR of 16.1% during the forecasting period, 2021-2028.

Unmanned underwater vehicles have been improvising considerably due to the transformation of technology and changing military combat concepts. 

The United States is the most developed country for marine unmanned systems, for instance,

Echo Voyager, developed by Boeing is capable of carrying 20 Tons of sensors or other equipment without special support vessels 

The Remus 600 is recently used by the British Navy, the US Navy, and the Japanese Maritime Self Defense Force. This UUV is equipped with side-scan sonar

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Key Findings

The global Unmanned underwater vehicles market is segmented into the system, product type, propulsion systems, type, shape, application, and geography.

System segment is segmented into Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis

Product Type is segmented into Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, and Heavy Work Class Vehicles

Propulsion System is segmented into Electric Systems, Non-Electric Systems

Type segment is segmented into Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV) 

Shape segment is segmented into Torpedo, Laminar Flow Body, Streamlined Rectangular Style, and Multi-Hull Vehicle

Application segment is segmented into Commercial, Scientific Research, and Defence

Geographically, the global unmanned underwater vehicles market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

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Regional Analysis

North America region has come up as the prominent region and is anticipated to take the largest market share in the overall global market during the forecast period 2021-2028.

Competitive Landscape

Key players in the global unmanned underwater vehicles market are 

Lockheed Martin Corporation,

Saab AB,

Kongsberg Gruppen,

Northrop Grumman Corporation,

Oceaneering International, Inc.,

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

In 2020, Lockheed Martin has won a two-year, USD 12.3 Million contract to assist the Defence Advanced Research Projects Agency form and validate an extra-large unmanned underwater vehicle

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Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors

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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

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The Unmanned Underwater Vehicles Market report answers a number of crucial questions, including:

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What are the market's opportunities, obstacles, and driving forces?

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[chandupalle]

Service Robotics Industry worth $84.8 billion by 2028

The report "Service Robotics Market by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region - Global Forecast to 2028" The service robotics market is projected to grow from USD 41.5 billion in 2023 to reach USD 84.8 billion by 2028; it is expected to grow at a CAGR of 15.4% from 2023 to 2028. The growing usage of robots for new applications providing high returns on investment coupled with rising use of IoT in robots for cost-effective predictive maintenance are few key factors driving the service robotics market. Furthermore, there is surge in demand to reduce hospital-acquired infections to regularly, which has fuelled the demand of disinfection robots.

Hardware component of service robots is expected to have a larger share of the market compared to software component in 2023.

The hardware component is expected to dominate the service robotics market in 2023. A robotic hardware system comprises electrical, electronic, and mechanical components. Sensors used in service robots are costly. Besides, the batteries used in drones are often expensive and must be replaced on time when drones are flown frequently. Batteries often contribute to a major portion of the running costs of a drone, primarily when used for commercial applications. Likewise, new technologies, such as exoskeletons and pool-cleaning robots, are currently expensive for personal use for a majority of urban households. 

Market for professional service robots is projected to have larger market share compared to personal and domestic service robots in 2023.

The professional service robot segment is expected to hold a larger market share of service robotics market in 2023. Due to the high cost of service robots, their penetration in domestic applications is less. For instance, the cost of vacuum cleaners manufactured by iRobot (US) ranges from USD 249 to USD 1,439. Telepresence robots are available in the range of USD 185 to USD 32,000. PARO, a therapeutic robot, costs USD 3,800. The service robots used for professional applications include drones, automated guided vehicles (Gas), agricultural robots, inspection robots, humanoid robots, exoskeletons, construction robots, robotic kitchens, laundry robots, unmanned surface vehicles (USVs), autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), inspection robots, telepresence robots, surgical robots, and cleaning robots.

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Ground service robots is expected to dominate the market in 2023.

The ground service robots are expected to account for the largest market share in 2023. The personal & domestic ground robots are becoming more economical. Also, the world’s aging population is increasing, which would, in turn, lead to an increase in the demand for elderly assistance robots and cleaning robots. Several governments are investing in R&D for improvements in elderly assistance robots to make the working population more focused.

North America to hold the largest share of service robotics market during forecast period.

North America is expected to account for the largest share of the service robotics market during the forecast period.  This can be attributed to the growing adoption of service robots such as surgical robots, agricultural robots, and AGVs in the US. Besides, surgical robots are widely adopted. The US also has the largest farmland area compared to the rest of the countries in North America. Tightening regulatory changes have led to a shortage of laborers, often leading to many crops remaining unharvested. This has led to the significant adoption of agricultural robots in the US. Being highly industrialized, the US has a substantial demand for AGVs in warehouses.

Major players operating in the service robotics market include iRobot (US), SoftBank Robotics Group (Japan), Intuitive Surgical (US), JD.com, Inc. (China), Daifuku (Japan), Samsung Electronics Co., Ltd. (South Korea), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (US), and DeLaval (Sweden).  Apart from these, Exyn Technologies (US), XAG (China), AMP Robotics (US), UVD Robots (Denmark), Diligent (US), HARVEST CROO (US), Starship Technologies (US) are among a few emerging companies in the service robotics market.

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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[data-bridge]

Underwater Robotics Market Industry Share, Size, Growth, Demands, Revenue, Top Leaders and Forecast to 2029

Industry Analysis

Data Bridge Market Research analyses that the global underwater robotics market is expected to reach USD 8,036.40 million by the year 2029. "Remotely Operated Vehicles (ROV)" accounts for the most prominent type segment in the respective market.

Additionally, the credible Underwater Robotics Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Semiconductors and Electronics industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

 

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Market Insights and Scope            

Underwater robotics is a branch of robotics that covers the research and development, design, manufacture, and application of robots operating in underwater environments. The term can refer to any robot functioning at or below water level (marine robotic systems). Still, it usually refers specifically to autonomous vehicles designed for use underwater. An underwater robot also called an autonomous underwater vehicle, is a machine that can be remotely operated. It is designed to work underwater for continuous oceanic surveillance. Robotics has been utilized in manufacturing in the past few years. The marvellous expansion has made them more cultured and dependable for military and law implementation applications. Underwater robots play a significant role in the expansion of the offshore industry. In addition, it has numerous implementations in marine biology, underwater archaeology, and maritime security.

An international Underwater Robotics research report examines competitive companies and manufacturers in the global market. Competitive analysis carried out in this market report puts forth the moves of the key players in the Semiconductors and Electronics industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. It studies market by product type, applications and growth factors.

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Industry Segmentation

Global underwater robotics market is segmented based on type, working depth, task type, depth, components and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Remotely Operated Vehicles (ROV)

Autonomous Underwater Vehicle (AUV)

Working Depth

Shallow

Deep water

Ultra-Deep Water

Task Type    

Observation

Survey

Inspection

Construction

Intervention

Burial and Trenching

Others

Depth

Less than 1000 Mts

1000 Mts to 5000 Mts

More Than 5000 Mts

Component

Light

Camera

Frame

Thrusters

Tethers

Pilot Controls

Others

Application

Oil and Gas

Commercial Exploration

Defense and Security

Scientific Research

Others

 

Industry Share Analysis

Some of the major players operating in Global underwater robotics market are

ATLAS ELEKTRONIK GmbH, Deep Ocean Engineering, Inc., General Dynamics Mission Systems, Inc., ECA GROUP, International Submarine Engineering Limited, Eddyfi, Phoenix International Holdings, Inc., Boeing, Soil Machine Dynamics Ltd., MacArtney A/S, Oceaneering International, Inc., VideoRay LLC, Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, SeaRobotics Corp., Rovco Ltd, Total Marine Technology Pty Ltd, Teledyne Technologies Incorporated, KONGSBERG, Mitsui E&S Holdings Co., Ltd., Huntington Ingalls Industries, Inc., and Deep Trekker Inc., among others.

 

Market Country Level Analysis

The countries covered in global underwater robotics market report are the

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Sweden, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia and New Zealand, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

An influential Underwater Robotics Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).

 

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[abhijeetpawar22]

Unmanned Maritime Vehicles (UMVs) Market Industry Outlook, Comprehensive Insights, Growth and Forecast 2025

GMD predicts the revenue of global UMVs market to reach $8.09 billion by 2026 in terms of CAPEX (Capital Expenditure), growing by 8.2% annually over 2019-2026.

Industry Overview:

The new study made on Unmanned Maritime Vehicles (UMVs) market includes crucial information on market share, market size, and growth rate for the forecast period 2019 - 2026. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics.

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COVID-19 Impact:

The industrial report mentions about the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The Unmanned Maritime Vehicles (UMVs) report proficiently explains about the resulting factors and concerns of manufacturers. Researchers have also well-explained about how the producers and providers will tackle with the ongoing epidemic and the key strategies to be adopted post pandemic for turning their businesses back to normal.

Global Unmanned Maritime Vehicles (UMVs) Market Competitive Analysis:

5G International Inc.

ASV Unmanned Marine Systems

Atlas Elektronik GmbH

BAE Systems plc

Boston Engineering

C-Innovation

Deep Trekker Inc

DOF Subsea AS

ECA Group

Forum Energy Technologies

 Some of the Players profiled in the Unmanned Maritime Vehicles (UMVs) market include …..

The updated market research report on Unmanned Maritime Vehicles (UMVs) market allows the buyers and manufactures to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Market Segmentation:

The report is divided into major categories comprising product, distribution channel, application, and end users. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Unmanned Maritime Vehicles (UMVs) report.

Based on vehicle type, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 (historical and forecast) included in each section.

• UUVs (further segmented into ROVs and AUVs)

• USVs (further segmented into Remotely Operated USVs and Autonomous USVs)

• Other UMVs

Based on application, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 (historical and forecast) included in each section.

• Commercial (breakdown by vehicle types of ROVs, AUVs, USVs, and Other UMVs)

• Scientific Research (breakdown by vehicle types of ROVs, AUVs, USVs, and Other UMVs)

• Defense & Security (breakdown by vehicle types of ROVs, AUVs, USVs, and Other UMVs)

• Others

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Regional Insights:

The Unmanned Maritime Vehicles (UMVs) market is segmented as North America, South America, Europe, Asia Pacific, and Middle East and Africa. Researchers have thoroughly studied about the historical market. With extensive research, experts have offered details on the current and the forecast demand made by these regions. The Unmanned Maritime Vehicles (UMVs) report also includes highlights on the prevailing product demanded by end users and end customers for better understanding of product demand by producers. This will help the producers and the marketing executives to plan their production quantity and plan effective marketing strategies to more buyers. Businesses can hence, increase their product portfolio and expand their global presence. Unmanned Maritime Vehicles (UMVs) market research report further offers information on the unexplored areas in these regions to help the producers to plan promotional strategies and create demand for their new and updated products. This will again help the manufacturers to increase their customers and emerge as leaders in the near future.

The Queries answered by Unmanned Maritime Vehicles (UMVs) Market Research Report include:

· What are the key producers, equipment suppliers, raw material suppliers, end users, distributors and traders in the Unmanned Maritime Vehicles (UMVs) Market?

· What are the crucial factors impacting the Unmanned Maritime Vehicles (UMVs) Market Growth?

· What are production processes, major problems or obstacles, and solutions to tone down the development risk?

· What is the contribution made by regional manufacturers to the overall market?

· What are the major market segment, influential trends, market potential, and key challenges that the market is witnessing?

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[shruti022-blog]

Unmanned Composites Market Growth Analysis By Size, Share, News, Demand, Opportunity

A remote or self controlled system fitted with all the sensors, information processing centers, automated control and communication systems needed is defined as unmanned system. Factors such as an increase in requirements for composite materials to provide lightweight structures, better performance of relatively inexperienced systems and an increase in unmanned systems are driving market development. Unmanned composites are the materials used in the construction of various components of unmanned systems, such as Unmanned Aerial Vehicle (UAV), Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), Unmanned Ground Vehicle (UGV), and Unmanned Surface Vehicle (USV).

Unmanned composites consist of fiber reinforcement, which are pre-emptied with a resin scheme. The fibers are in the shape of a woven fabric, and the matrix serves as the joint for production. Composites are used considerably in internal and external apps in aerospace due to their anti-corrosive, strong strength and lightweight properties. Unmanned systems are anticipated to drive the unmanned composite market by the need for lightweight parts. Standardization deficiency and the elevated price of unmanned composites are the main constraints on this market development. However, in the unmanned composite industry several possibilities are recognized.

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During the forecast period, unmanned European composites market is expected to expand during the largest CAGR. This region’s market development is driven primarily by the delivery of unmanned devices in economies such as the France, United Kingdom, Russia and Germany. One of the key market drivers for unmanaged composites in European nations is the necessity for composites to cut weight. The quickly growing use of UAV aircraft and aerostat systems in China, India, Southeast Korea and South-East Asia is projected to show significant development in Asia Pacific in the near future.

The comprehensive report provides market estimates and forecast for leading domestic markets across the world for the period 2020 to 2030. In addition, the report includes dedicated leading companies covering 10 leading Unmanned Composites players. The study also includes a thorough overview of the business sector and comprehensive overview of the current Unmanned Composites evaluation. In order to explore and transport application, businesses operating in the industry are developing partially or fully independent rovers.

[latestglobalmarketresearch]

Unmanned Underwater Vehicle Market - North America to Lead Remotely Operated Vehicle Market In 2020 To 2025

The global Unmanned Underwater Vehicles Market size is projected to grow from USD 2.0 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 16.4% from 2020 to 2025. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats.

The UUV market includes major players Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect UUV production and services by 25–30% globally in 2020.

Based on application, the commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period.

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The commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period. This growth can be attributed to the increased demand for UUVs in commercial applications, such as surveys and seabed mapping, offshore drilling, and pipeline inspection.

Based on the system, the sensors segment of the ROV market is expected to witness the highest growth during the forecast period

The ROV market has been segmented and analyzed based on the system into a propulsion system, collision avoidance system, a navigation system, communication system, sensors, payloads, and chassis. sensors, radars, cameras, lasers, and others. Based on sensors, the camera segment is estimated to be the largest segment of the market in 2017, as high-resolution cameras are the most widely used payloads in various applications. The sensors segment is projected to witness the highest growth, due to the increased use of sensors in the defense sector for scanning, detecting, mapping, and remote sensing. Sensors are also used in the commercial sector to measure the concentration of various elements and compounds and detect the presence of microscopic life.

North America is projected to have maximum market share in the autonomous underwater vehicles market during the forecast period. Due to increasing security concerns, the US and Canada are expected to use an autonomous underwater vehicle (AUVs) for various defense operations, such as anti-submarine warfare and surveillance. Autonomous underwater vehicles (AUVs) are used for collecting data related to the seabed. The main driver for the growth of the North America autonomous underwater vehicle market is the increased use of autonomous underwater vehicles (AUVs) for carrying out deepwater surveys for the oil & gas industry that otherwise would have been expensive.

Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US) are some of the leading players operating in the UUV market report.

Dow is one of the largest chemical manufacturing and distributing companies in the world.  The DowDuPont company has been organized into three operating segments namely performance materials & coatings, industrial intermediates & infrastructure and packaging & specialty plastics. It offers conformal coatings under the performance materials & coatings segment. The company has an extensive global presence with 109 manufacturing plants in 31 countries across the Americas, APAC, Europe and Middle & Africa.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

[futuremarketinsightsreports]

Ultra-Short Base Line Positioning System Demand to Grow by 5.8% through 2031, Applications to Concentrate in ROV, AUV Vessel Positioning: Future Market Insights

In its market study on the ultra-short base line positioning system, Future Market Insights (FMI) presents deep dive into developments across segments in terms of operational frequency range, nominal range, antenna aperture, and end-use in the global ultra-short base line positioning system market. The study also highlights growth strategies adopted by leading players to strengthen sales prospects.

DUBAI, U.A.E, Aug. 12, 2021 /PRNewswire/ -- As per a recent market analysis by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ultra-short base line positioning system market is projected to reach a valuation of US$ 127.7 Mn in 2021.

Expansion of commercial trade via marine operations, coupled with growing interest in recreational travel are key trends bolstering sales of ultra-short base line positioning systems. Driven by this, the market is poised to expand at a steady 5.8% CAGR during the forecast period, from 2021 to 2031.

Increasing demand from researchers, surveyors, photographers, and the Navy in various countries will continue providing tailwinds to ultra-short base line positioning system sales.

Besides this, efforts to improve underwater communication are encouraging companies to develop wireless data transmission systems. Integration of connective technologies such as Internet of Things (IoT) and artificial intelligence for streamlining marine communication will further boost sales through 2031.

In addition, improvements in sound to noise ratio (SNR) at an inverted ultra-short base line transceiver in smaller vessels are providing longer acoustic tracking ranges. These improvements are facilitating growth in marine operations, leading to lucrative sales prospects in the market.

Growing interest in water sports and recreational tourism activities also will result in higher adoption of ultra-short base line positioning system by ship and vessel owners for optimal safety of customers. This factor is anticipated to encourage developments and technological advancements in the ultra-short base line positioning system market in the upcoming years.

FMI on the basis of in-depth regional analysis projects the U.S. to dominate the ultra-short base line positioning system market. The U.S. is forecast to account for 60% of sales in North America. Rapid expansion of various end-use industries such as oil & gas and tourism are anticipated to bode well for the market.

"Increasing investments in maritime and marine science are paving way for product developments in the global ultra-short base line positioning system market. Besides this, introduction of sales through online channels by OEMs will further augment market growth," says the FMI analyst.

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Key Takeaways:

In terms of nominal range, deep (upto 10,000 m) ultra-short base line positioning system will lead the segment, holding 57% of the total market share.

200-degree antenna aperture will account for 45% of the total ultra-short base line positioning system market share.

ROV, AUV vessels positioning will dominate the end-user segment, accounting for 25% of the total market share.

Holding 60% of the North American ultra-short base line positioning system market, the U.S. will continue witnessing high growth through 2031.

Growing investments in machine science and expansions in the oil & gas industry in China will place it as a lucrative market, expanding at a 5.1% CAGR through 2031.

Sales outlook of ultra-short base line positioning systems in Italy is projected to be positive, holding 20% of the European market.

Prominent Drivers:

Technological advancements in ultra-short base line positioning system market such as IoT (Internet of Things) and artificial intelligence (AI) will push sales through 2031.

Growing interest in tourist activities such as deep-sea diving and underwater photography will propel sales of ultra-short base line positioning systems.

Key Restraints:

High costs associated with the installation of ultra-short base line positioning system may hamper the market growth.

Discover more about Ultra Short Base Line Positioning System Market with figures and data tables, along with the table of contents. For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13495

Competitive Landscape

Key players operating in the ultra-short base line positioning system market are leveraging strategic collaborations, partnerships, and acquisitions to strengthen their position in the market. Product portfolio expansions and customized products to meet end-users demand will remain lucrative growth strategies during the assessment period. For instance:

In July 2021, Norwegian company Konsberg Maritime launched two new water jet control systems known as JCS Compact and JCS Extended. These new control systems use standard components for reducing costs and streamlining simple operations.

In September 2020, EdgeTech, a global leader in high-resolution sonar imaging systems and underwater technology, introduced a new sonar frequency combination suitable for shallow water unmanned surface vehicles (USV) and unmanned underwater vehicles (UUV). The new technology effectively connects small vehicles operating in shallow waters or close to the seafloor.

Leading players operating in Ultra Short Base Line Positioning System Market profiled by FMI include:

Kongsberg Maritime AS

Teledyne Marine

iXblue

ROV-Support A/S

EvoLogics GmbH

Sonardyne Holdings Limited

AAE Technologies Ltd.

Tritech International Limited

Imenco AS

Deep Trekker Inc.

VideoRay LLC

Link Quest Inc.

Blueprint Design Engineering Ltd.

Beringia Enterprises LLC (DiveNET)

EdgeTech

[ajaypartap]

Global Opportunity Analysis and Industry Forecast of Aquatic Robot Market, 2021–2027

According to an upcoming report of Allied Market Research, titled, “Aquatic Robot Market by Type (Remotely Operated Vehicle (ROV) and Autonomous Underwater Vehicles (AUV))and Application (Defense & Security, Commercial Exploration, Scientific Research, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027”, the Aquatic Robot market is expected to grow sustainably from 2020 to 2027. The report offers a comprehensive analysis of various growth drivers of the Aquatic Robot market. The analysis ranges from revenue and operations to future growth opportunities. This comprehensive analysis is of great importance for stakeholders to take strategic decisions.

Download Sample Report (Get Full Insights in PDF - 200+ Pages) @ https://www.alliedmarketresearch.com/request-sample/9211

THE COVID-19 SCENARIO:

The world is facing the economic crisis, amid COVID-19. Almost all the sectors have been affected, and most of them, negatively. But it is important to understand that this crisis is the result of voluntary lockdown, not due to the failure of financial.

NEED FOR THE REPORT:

This report attempts to provide an extensive analysis of the Aquatic Robotmarket by relating to the current situation of pandemic. The Suppliers, the investors, and the companies can gain the opportunity by developing a deep understanding of the Aquatic Robot market. Sample of the report provides an overview of the complete report.

KEY SEGMENTATION:

This study segments the Aquatic Robot market into, Type, Application and regionto provide investors, market players, and suppliers a deep insight into the market. Each segment is further sub-segmented, which offers extensive analysis to the readers. This will surely benefit stakeholders who are looking for better return on investments in the Aquatic Robot market.

KEY MARKET PLAYERS:

Learning from others experience is always advisable to save time, energy and efforts. To help the stakeholders save their valuable time, the researchers have analyzed the strategies of top 10 market players of the Aquatic Robot market in this report. The key market players included are Major players analyzed are ATLAS MARIDAN Aps, Deep Ocean Engineering, Inc., Bluefin Robotics Corporation, ECA Group, International Submarine Engineering, Inuktun Services Ltd., Oceaneering International, Inc., Saab AB, Schilling Robotics, LLC, and Soil Ma.

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KEY BEENFITS FOR STAKEHOLDERS:

This study presents the analytical depiction of the globalaquatic robotindustry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the globalaquatic roboticsmarket share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aquatic robotmarket growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global aquatic robotmarket analysis based on competitive intensity and how the competition will take shape in coming years.

About Us:

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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[latestglobalmarketresearch]

Profitable Business Opportunities In The Unmanned Underwater Vehicle Market 2020-2025

The global Unmanned Underwater Vehicles Market size is projected to grow from USD 2.0 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 16.4% from 2020 to 2025. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats.

The UUV market includes major players Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect UUV production and services by 25–30% globally in 2020.

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Based on application, the commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period.

The commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period. This growth can be attributed to the increased demand for UUVs in commercial applications, such as surveys and seabed mapping, offshore drilling, and pipeline inspection.

Based on the system, the sensors segment of the ROV market is expected to witness the highest growth during the forecast period

The ROV market has been segmented and analyzed based on the system into a propulsion system, collision avoidance system, a navigation system, communication system, sensors, payloads, and chassis. sensors, radars, cameras, lasers, and others. Based on sensors, the camera segment is estimated to be the largest segment of the market in 2017, as high-resolution cameras are the most widely used payloads in various applications. The sensors segment is projected to witness the highest growth, due to the increased use of sensors in the defense sector for scanning, detecting, mapping, and remote sensing. Sensors are also used in the commercial sector to measure the concentration of various elements and compounds and detect the presence of microscopic life.

North America is projected to have maximum market share in the autonomous underwater vehicles market during the forecast period. Due to increasing security concerns, the US and Canada are expected to use an autonomous underwater vehicle (AUVs) for various defense operations, such as anti-submarine warfare and surveillance. Autonomous underwater vehicles (AUVs) are used for collecting data related to the seabed. The main driver for the growth of the North America autonomous underwater vehicle market is the increased use of autonomous underwater vehicles (AUVs) for carrying out deepwater surveys for the oil & gas industry that otherwise would have been expensive.

Lockheed Martin Corporation (US) is another prominent in the UUV market. Lockheed Martin’s Marlin AUV system provides a range of civilian and military products that offer an easy way to conduct subsea surveys and inspections, and the company is expanding it for the oil and gas industry to enable economical, safer, and faster and more efficient inspections.

Teledyne Technologies Inc. (US) also held the prominent position in the market. The company invests high in R&D, while protecting its specialised products and services. It has a technically sophisticated workforce to cope with the ever-changing technologies, advanced manufacturing strengths, high intellectual property, brand-name in the industry and goodwill among the customers. Similarly, SAAB AB (Sweden) is the leading player in the UUV market. The company conducts R&D activities, which involve applied research, new product and systems development, and select concept studies. Its R&D investments remain top priority and are key to its competitiveness.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

[your-dietician]

USD 9,502.7 Million Revenue Unmanned Underwater Vehicles

New Post has been published on https://tattlepress.com/markets/usd-9502-7-million-revenue-unmanned-underwater-vehicles/

USD 9,502.7 Million Revenue Unmanned Underwater Vehicles

Pune, India, June 25, 2021 (GLOBE NEWSWIRE) — The global unmanned underwater vehicles market size is expected to reach USD 9,502.7 million by 2028, exhibiting a CAGR of 17.59% during the forecast period. The increasing application of UUVs in underwater search and survey, communication, navigation, and maritime surveillance will propel the healthy growth of the market, states Fortune Business Insights, in a report, titled “Unmanned Underwater Vehicles (UUV) Market Size, Share and COVID-19 Impact Analysis, By Type (Remotely Operated Vehicle (ROV), and Autonomous Underwater Vehicle (AUV)), By Application (Commercial Exploration, Scientific Research, Defense), By Product Type (Small Vehicle, High-Capacity Electric Vehicle, Work-Class Vehicle), By Propulsion System (Electric System, Mechanical System), By Payload (Camera, Sensors), and Regional Forecast, 2021-2028.” The market size stood at USD 2,960.8 million in 2020.

COVID-19 Impact on Unmanned Underwater Vehicles Industry:

The catastrophe caused by coronavirus has disrupted the supply chain of every industry around the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. 

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The report on the unmanned underwater vehicles market uncovers:

Renowned insights into the industry

Important data with in-depth research

Factors exhibiting market growth

Comprehensive study about main regions

COVID-19 impact on the market

Prime developments in the industry

What Does the Report Contain?

The report offers an insight into the profitability, entire structure, and scale. It also studies the drivers and restraints and considers all the potential threats to the market. The critical analysis of marketplace sections, prediction analysis, and expert insights are strategically included in the report. A wide spectrum of data, including regional analysis, market segmentation, industry developments, and key players, are included in the research conducted by market experts.

Market Driver:

Surging Deep Water Oil & Gas Production to Facilitate Growth

The increasing gas and oil production and exploration activities will have a tremendous impact on the global market. For instance, in 2019, the Gulf of Mexico observed new oil discoveries by key companies such as Shell, Chevron, Repsol, and Equinor. Shell has been successful in deep-water well-exploration projects. The new exploration project is expected to produce more than 900,000 barrels of oil by 2020. The increasing energy demand will subsequently accelerate deep-sea exploration, which, in turn, will aid expansion of the market. The oil & gas industry is expected to account for the lion’s share in the world’s primary energy supply by 2050. The increasing utilization of unmanned underwater vehicles in the oil and gas industry can have an outstanding effect on the market in the forthcoming years. Moreover, the increasing commercial applications such as seafloor mapping or seabed imaging and pipeline disruption study in the sea environment will foster healthy unmanned underwater vehicles market growth.

Disrupted Oil Industry to Dampen Business Amid Coronavirus

COVID-19 had a severe impact on the industries due to the spread of the disease to almost 200+ countries worldwide. Moreover, the global oil industry experienced a sudden drop in demand across various countries. The oil demand is projected to fall 9.3 mb/d year-on-year in 2020 and 2021. According to UNCTAD, global maritime transport plunged by 4.1% in 2020 due to unexpected disruption caused by the COVID-19 pandemic. The disorder has mainly hampered the supply chain, shipping network, trade volumes, and port. However, the global Shipping industry is making efforts for sustainable recovery and smooth operations, which, in turn, will aid the market. 

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Regional Analysis:

Increasing Investments in the Defense Sector to Augment Growth in Asia Pacific

North America is expected to hold the largest UUVs market share during the forecast period. The United States is the largest producer, operator, and exporter of UUVs globally. The increasing use of remotely operated vehicles (ROVs) in commercial and defense sectors will promote the expansion of North America’s market. The growing use of autonomous underwater vehicles (AUVs) for carrying deep-water surveys in oil & gas production can contribute positively to the market growth in the region. Asia Pacific is expected to experience a significant growth rate during the forecast period. The growth is attributed to the increasing investments in the defense sector from several countries such as India, China, Japan, South Korea, and others.

The Report Lists the Key Players in the Market for Unmanned Underwater Vehicles:

Boeing (The U.S.)

Fugro (The Netherlands)

General Dynamics Corporation (The U.S.)

International Submarine Engineering (Canada)

KONGSBERG (Norway)

L3Harris Technologies, Inc. (The U.S.)

Lockheed Martin Corporation (The U.S.)

Oceaneering International, Inc. (The U.S.)

Saab AB (Sweden)

Teledyne Technologies Incorporated (The U.S.)

Key Development:

June 2020: Seamec Limited announced that it has signed a three-year contract with Fugro for inspection, repair, & maintenance (IRM) of subsea pipeline on India’s west coast. Fugro is expected to offer work class ROV services to Seamec during the contract duration.

Detailed Table of Content:

Introduction

Research Scope

Market Segmentation

Research Methodology

Definitions and Assumptions

Executive Summary

Market Dynamics

Market Drivers

Market Restraints

Market Opportunities

Key Insights

Key Industry Developments –Mergers, Acquisitions and Partnerships

Latest technological Advancements

Porters Five Forces Analysis

Supply Chain Analysis

Quantitative Insights- Impact of COVID-19 Pandemic on Global Market

Impact of the COVID-19 pandemic on the Global UUV Market

Steps taken by Industry/ Companies/ Governments to overcome the impact

Key Developments in the Industry in Response to COVID-19 pandemic

Potential opportunities due to COVID-19 Outbreak

Browse Detailed Research Insights with Table of Content:

https://www.fortunebusinessinsights.com/unmanned-underwater-vehicles-uuv-market-102527

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