Global Unmanned Underwater Vehicles (UUV) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Unmanned Underwater Vehicles (UUV) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An unmanned underwater vehicle is a kind of underwater self-navigation equipment that carries sensors and different task modules to perform multiple tasks. UUV can operate underwater without carrying humans. UUVs are the first choice for subsea applications because they are continuously assisted by high-end computer systems and provide safe options for underwater activities and exploration.

With its autonomy, flexibility and versatility, unmanned underwater vehicles are increasingly used in underwater battlefield reconnaissance/surveillance, intelligence collection, early warning detection, communication relay, environmental investigation, and payload preset, Underwater acoustic confrontation, target perception and recognition, mine hunting, mine-laying, tracking strikes and logistics support and many other fields.

Market Overview:

The latest research study on the global Unmanned Underwater Vehicles (UUV) market finds that the global Unmanned Underwater Vehicles (UUV) market reached a value of USD 1184.63 million in 2022. It’s expected that the market will achieve USD 1834.63 million by 2028, exhibiting a CAGR of 7.56% during the forecast period.

Drivers

Since oil is the main energy source for all industries, the global demand for oil and natural gas has grown significantly. At present, oil and natural gas are not easily replaced by alternative energy sources. The increasing demand for deep water oil and gas exploration has promoted the development of the unmanned underwater vehicle market.

Spending on new offshore oil and gas projects will further increase, and offshore companies have very strong cash flow. This shows that after several years of capital expenditure restrictions, exploration and production companies have enough cash on hand to invest in new projects. The increase in capital expenditure of offshore oil and gas industry companies and the increase in oil and gas industry activities are expected to promote the development of the unmanned underwater vehicle market during the forecast period.

With the continuous increase of human development and utilization of the ocean, underwater robots, as an important tool that can complete underwater tasks, have received extensive attention from research institutions. Energy, autonomous control, navigation, communication and mission load are the five most critical systems of UUV. Due to the special working environment, UUV energy should meet the conditions of high specific energy, high energy density, good safety, high reliability, easy control, low price, low temperature resistance, high pressure resistance, corrosion resistance and low environmental pollution.

Lithium-ion batteries will still be widely used in portable, light and heavy UUVs in the future, focusing on improving the electrochemical specific capacity of positive and negative active materials to increase energy density. Fuel cell technology will be mature and widely equipped on large-scale UUV platforms. In the future, it will focus on breakthroughs in fuel reformers and high power density technologies. Improved batteries and fuel cell technology will help increase the operating efficiency of UUV, thereby further promoting the market.

At the same time, with the rapid development of computer technology, artificial intelligence technology, microelectronic technology, small navigation equipment, command and control hardware, logic and software technology, unmanned underwater vehicles have been vigorously developed.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

Teledyne Technologies is one of the major players operating in the Unmanned Underwater Vehicles (UUV) market, holding a share of 8.02% in 2020.

Teledyne Technologies Inc. provides electronic subsystems and instrumentation. The Company provides aerospace and defense electronics, digital imaging products and software, monitoring instrumentation for marine and environmental applications, harsh environment interconnect products, and subsystems for satellite communications. Teledyne also provides engineered systems.

Oceaneering International, Inc. is a global provider of engineered services and products to the offshore oil and gas industry. The Company offers services and products in remotely operated vehicles, mobile offshore production systems, engineering and product management, manned diving, and other deep water applications. Oceaneering also serves the defense and aerospace industries.

Segmentation Overview:

Among different product types, Remotely Operated Vehicles segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Unmanned Underwater Vehicles (UUV) market covered in Chapter 3:

Bluefin Robotics
Boeing
Total Marine Technology
Deep Ocean Engineering, Inc
Atlas Elektronik
L3Harris
Teledyne Technologies
Schilling Robotics
International Submarine Engineering
Saab
ROVOP
Kongsberg Maritime
Lockheed Martin Corporation
Soil Machine Dynamics Ltd
Oceaneering International Inc.
SEAMOR Marine Ltd.
Forum Energy Technologies, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Unmanned Underwater Vehicles (UUV) market from 2018 to 2029 is primarily split into:

Remotely Operated Vehicles
Autonomous Underwater Vehicles

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Unmanned Underwater Vehicles (UUV) market from 2018 to 2029 covers:

Commercial
Defense
Scientific Research
Miscellaneous

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)