Unmanned Underwater Vehicle Market Size To Increase USD 1.91 Billion | Growing demand for stealth platform to drive growth

The Unmanned Underwater Vehicles market report offers a comprehensive analysis of the strategies adopted by the vendors and the trends, drivers and challenges affecting the market size. This report identifies the growing demand for a stealth platform as one of the main reasons for the growth of the unmanned underwater vehicle market in the coming years.

The unmanned underwater vehicle market covers the following areas:

Sizing of the unmanned underwater vehicle market
Unmanned Underwater Vehicle Market Forecast
Unmanned Underwater Vehicle Market Analysis

Market challenges

  • Design and operational challenges: Unmanned maritime systems present certain design challenges and operational limitations. Some limitations in the use of unmanned underwater vehicles relate to speed, extended range, payload capacity and endurance.
  • Increase investments for the deployment of manned submarines: The increasing investments in manned attack submarines may have a negative impact on the unmanned underwater vehicle market, primarily for the UUV segment. As most submarines in many countries approach the end of their lifespan, there is a growing need to replace them. This can decrease investment in UUVs and limit the funding required for the development of advanced unmanned underwater vehicles and associated electronics.
  • Data breach due to malicious cyber warfare: Data leaks can make manned and unmanned combat platforms vulnerable to threats even before they go into service. It is a major issue for the market.

Some companies mentioned

  • ATLAS ELEKTRONIK GmbH
  • BAE Systems Plc
  • Fugro SA
  • General Dynamics Corp.
  • International Submarine Engineering Ltd.
  • Kongsberg Gruppen ASA
  • L3Harris Technologies Inc.
  • Lockheed Martin Corp.
  • Teledyne Technologies Inc.
  • The Boeing Company

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Associated reports:

  • Amphibious Aircraft Market: The amphibious aircraft market has been segmented by application (military and civilian) and geography (North America, Europe, APAC, South America, and MEA). Download a free sample report
  • Nuclear Powered Warships Market: The nuclear powered warships market has been segmented by product (surface ships and submerged warships) and geography (North America, APAC, Europe, MEA and South America). Download a free sample report

Scope of the Unmanned Underwater Vehicle Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Deceleration to a CAGR of 13.77%

Market growth 2021-2025

$ 1.91 billion

Market structure

Fragmented

Annual growth (%)

18.97

Regional analysis

North America, Europe, APAC, MEA and South America

Efficient contribution to the market

North America at 34%

Main consumer countries

United States, China, Germany, Norway and France

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

ATLAS ELEKTRONIK GmbH, BAE Systems Plc, Fugro NV, General Dynamics Corp., International Submarine Engineering Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Teledyne Technologies Inc. and The Boeing Co.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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