Market Trends

Unmanned Underwater Vehicle Market Overview The Global Unmanned Underwater Vehicle (UUV) Market is estimated  to reach $6.5 billion  by 2026, growing  at a CAGR of 10.6%  from 2021 to 2026. There are various stages at which value is added in the process of manufacturing and selling of the unmanned underwater vehicles including the AUV’s (Autonomous Unmanned Vehicles) and ROV’s (Remote Operated Vehicles). The value chain of the UUV (Unmanned Underwater Vehicles) is a combination of the supply chain as well as the supporting organizations. The supply chain of the UUV contains the suppliers of the raw material, followed by the component manufacturers, product manufacturers, distributors, and finally the operation/sales of the UUV. The Research and development is  supporting body for the UUV development. Supporting organizations for the UUV value chain include educational institutions, industry associations, and others. The rising demand for AUVs and ROVs as drone ...

There are two types of unmanned underwater vehicles which are Autonomous Underwater Vehicles and Remotely Operated Vehicles. The main difference is that AUV does not require continuous human interference or control and operates according to the pre-programmed instructions while the ROV is controlled continuously via an umbilical cord. Unmanned underwater vehicles (UUVs) are primarily used in defense and government operations, academic and scientific research, commercial activity and retrieval systems. Offshore oil and gas industry heavily depends on the vessels and container facilities provided by UUVs in deep waters for various exploration and upstream processes. Commercial Exploration in the ocean depths for oil, gas and minerals is a relatively recent activity. Since deep and ultra-deep oceans still remain to be an unexplored part of the planet, tremendous increase in the underwater activity can be foreseen in the near future. The market size in 2017 was estimated to be $2.7 bn and ...