Unmanned Underwater Vehicles Market Size to Grow by USD 1.91 bn | Growing Demand for Stealth Platform to Drive Growth | Technavio

NEW YORK, Nov. 26, 2021 /PRNewswire/ — The unmanned underwater vehicles market size is expected to increase by USD 1.91 bn from 2020 to 2025, according to the latest research report from Technavio. The growth momentum of the market is expected to decelerate at a CAGR of 13.77%. This market forecast report provides a detailed customer landscape matrix comparing key industry-driven parameters.

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The unmanned underwater vehicles market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. This report identifies the growing demand for stealth platform as one of the prime reasons driving the unmanned underwater vehicles market growth during the next few years.

The unmanned underwater vehicles market covers the following areas:

Unmanned Underwater Vehicles Market Sizing
Unmanned Underwater Vehicles Market Forecast
Unmanned Underwater Vehicles Market Analysis

Market Challenges

  • Design and operational challenges: Unmanned sea systems present certain design challenges and operational restrictions. Some limitations in operating unmanned underwater vehicles are related to speed, extended range, payload carrying capacity, and endurance.
  • Increasing investments for deploying manned submarines: The increasing investments in manned attack submarines can negatively impact the unmanned underwater vehicles market, primarily for the UUVs segment. As most submarines in many countries are nearing the end of their service life, there is a growing need to replace them. This may diminish the investments in UUVs and limit the funding required for developing advanced unmanned underwater vehicles and associated electronics.
  • Data breaching due to malicious cyber wars: Occurrences of data leakage can make both manned and unmanned combat platforms vulnerable to threats even before they are commissioned. This is a major challenge for the market.

Some Companies Mentioned

  • 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.
  • The Boeing Co.

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Unmanned Underwater Vehicles Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 13.77%

Market growth 2021-2025

USD 1.91 billion

Market structure

Fragmented

YoY growth (%)

18.97

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 34%

Key consumer countries

US, China, Germany, Norway, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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 inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

 

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SOURCE Technavio

Unmanned Underwater Vehicles Market Size to Grow by USD 1.91 bn | Growing Demand for Stealth Platform to Drive Growth | Technavio WeeklyReviewer

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