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(USGovernment-News.Com, November 29, 2018 ) The UUVs & USVs market is account for market size of US$ 2,909.7 Mn in 2017 and is estimated to reach US$ 4,844.5 Mn by 2025. Increasing security threats such as underwater mines, short range anti-ship cruise missiles, diesel electric submarines among others. These threats have repeatedly pressurized defense organizations to seek more technological alternatives. Therefore, technological advancements have resulted in efforts to reduce the human risk in complex and critical undersea missions. Furthermore, with improving capabilities for intelligence, surveillance, and reconnaissance (ISR), unmanned systems benefit larger coverage in terms of range, and faster attack competence in both coastal and littoral areas. As result, driving demand for the UUVs & USVs by a CAGR of 6.9% during the forecast period i.e. 2018-2025.
Global UUVs & USVs market has been categorized by driving mechanism which is further divided majorly into three categories; Solar Power, Electric Power, and Diesel Power. In Solar powered UUVs & USVs are most suitable driving mechanism that comes with features such extended mission endurance, easy deployment and recovery, more power & space availability. In addition to this, advancement in the field of unmanned marine drones is the incorporation of solar powered engine. The benefits are attracting the end users and is increasing the demand for solar powered UUVs and USVs. Electric powered UUVs and USVs are those autonomous marine drones that changes its buoyancy for up and down movement similar to profiling float. These buoyancy changes facilitate in generating electricity which in turn recharges batteries, thereby propelling the vehicle to operate for longer time period. The major advantage of diesel power UUVs and USVs is that the diesel engine is capable of charging the vehicle as well as run the generator which charges the battery bank. In UUVs and USVs market, Electric powered is expected to account for largest market share and solar powered is expected to account for highest growth rate during the forecast period from 2018-2025.
UUVs and USVs market by application is segmented into commercial, defense, and Scientific Research. The market for UUVs and USVs is experiencing a significant demand among various commercial sectors across the globe including, the offshore exploration (oil & gas), harbor survey and hydrography & oceanography applications creating demand of UUVs and USVs, thus, propelling the market for UUVs & USVs market during the forecast period. Furthermore, significant investments in the development of technologically robust unmanned marine drones from various defense forces such as the US, the UK, Russia, France, China, and Japan is bolstering the market for UUVs & USVs the defense segment accounted for US$ 1,621.4 Mn in 2017 and is expected to reach US$ 2,675.9 Mn by 2025. The growth rate is estimated to be 6.8% from 2018 to 2025.
Some of the major players influencing UUVs & USVs market are Kongsberg Gruppen, Teledyne Technologies, Lockheed Martin, ASV Global, Atlas Elektronik, ECA Group, Rafael Advanced Defense Systems, General Dynamics, Boeing and Clearpath Robotics among others.
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