Unmanned Underwater Vehicles (UUV) Market worth 5.20 Billion USD by 2022 , Market Segmentation

Unmanned Underwater Vehicles (UUV) Market UNMANNED UNDERWATER VEHICLES (UUV) MARKET BY TYPE (REMOTELY OPERATED VEHICLE & AUTONOMOUS UNDERWATER VEHICLE), ROV & AUV MARKET BY APPLICATION, PRODUCT, PROPULSION SYSTEM, PAYLOAD, AND REGION - GLOBAL FORECASTS TO 2022

The report "Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicle), ROV & AUV Market by Application, Product, Propulsion System, Payload, and Region - Global Forecasts to 2022", The Unmanned Underwater Vehicles (UUV) market is estimated at USD 2.69 Billion in 2017 and is projected to reach USD 5.20 Billion by 2022, at a CAGR of 14.07% from 2017 to 2022. 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.

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Browse and in-depth TOC on “Unmanned Underwater Vehicles (UUV) Market - Global Forecast to 2023"

119 - Tables 72 - Figures 237 - Pages

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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 payload, the sensors segment of the unmanned underwater vehicles market is expected to witness the highest growth during the forecast period” The unmanned underwater vehicles market has been segmented and analyzed based on payload into sensors, radars, cameras, lasers, and others. 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.

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