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

Unmanned Underwater Vehicles (UUV) Market worth 5.20 Billion USD by 2022 New York, NY, Jan-13, 2020 / (Aerospace NEWS)-The report "Unmanned Underwater Vehicles

(UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicles), ROV & AUV Market by Application, Product, Propulsion System, Payload, and Region - Global Forecasts to 2022", published by MarketsandMarkets™,

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.

Browse 119 Market Data Tables and 99 Figures spread through 294 Pages and in-depth TOC on "Unmanned Underwater Vehicles (UUV) Market - Global Forecasts to 2022"

"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"

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=140710720 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 sensor 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.

"The unmanned Underwater Vehicles market in Africa is expected to witness high growth during the forecast period."

North America is estimated to account for the largest share of the unmanned Underwater Vehicles market in 2017, due to the rising incidences of terrorism and increasing offshore drilling activities in the region.

Oceaneering International (US), Kongsberg Maritime (Norway), Teledyne Technologies, Inc. (US), and Subsea 7 S.A. (UK) are the major players operating in the unmanned Underwater Vehicles market.

Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=140710720 The report segments and analyzes the unmanned Underwater Vehicles market based on type (remotely operated vehicle, and autonomous Underwater Vehicles), ROV product type (small vehicles, high-capacity electric vehicles, work class vehicles, and heavy work class vehicles), AUV product type (man-portable vehicles, lightweight vehicles, heavyweight vehicles, and large vehicles), application (commercial exploration, defense, scientific research, and miscellaneous), propulsion (electric systems, mechanical systems, hybrid systems, and others), payload (sensors, lasers, camera, radars, and others) and maps these segments and subsegments across the major regions, namely, North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa.

Browse Related Reports Unmanned Surface Vehicle (USV) Market by Application (Defense, Scientific Research, Commercial, Miscellaneous), Size (Small, Medium, Large, Extra Large), Propulsion System, Modes of Operation, Payload & Geography - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/unmanned-surface-vehicle-market-220162588.html Unmanned Ground Vehicle (UGV) Market by Application (Defense (ISR, EOD, Crew Integration, Physical Security), Commercial (Field, Agriculture, Chemical, Oil & Gas)), Mobility, Size, Component, Modes of Operation, Payload & Region - Global Forecast to 2021 http://www.marketsandmarkets.com/Market-Reports/unmanned-ground-vehicles-market-72041795.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.

Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.

MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: newsletter@marketsandmarkets.com Visit Our Blog@ http://mnmblog.org/market-research/aerospace-defence LinkedIn @ http://www.linkedin.com/company/marketsandmarkets SOURCE MarketsandMarkets