Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market is Surging with 5.4% of CAGR by 2025 – ECA Group, Rafael Advanced Defense Systems, General Dynamics, Boeing

Cameras play an important role in underwater imaging of paths, various threats such as underwater mines, and enemy submarines among others. The cameras after capturing the images, sends them to the processing units to furnish the information related to it. The cameras are being installed on autonomous surface vessel and underwater vessel for detecting and monitoring near-by and distant obstacles on the way. Camera capture short range video images, acoustic sonar which has become the most important tool for underwater sensing. The imaging companies are constantly focusing on increasing the capabilities of cameras as the demand for high end and high megapixel cameras are increasing among the unmanned marine drone manufacturers. The high-end cameras are highly efficient in providing better output and high quality facilitating the end users to gather a clear understanding of underwater world.

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The unmanned underwater vehicles and unmanned surface vehicles are the drones operating underwater and on surface with or without human interference. The majority of the global UUV and USV market is captured by the Defense forces, owing to the ever-increasing demand for subsea monitoring. Currently, the adoption trend of UUVs and USVs is increasing among various commercial sectors such as oil & gas exploration organizations, hydrographic and oceanographic survey organizations, environmental monitoring organizations and search and recovery teams. The unmanned underwater vehicles and unmanned surface vehicles are also being adopted by various scientific research organizations for conducting oceanic studies and maritime surveys, among others.

The South America unmanned underwater vehicle & unmanned surface vehicle market region is expected to witness a CAGR growth rate of 4.6% in the coming years.

Global unmanned underwater vehicle & unmanned surface vehicle market is expected to grow from US$ 991.2 Mn in 2017 and is anticipated to escalate at a CAGR of 5.4% from 2018 to 2025 to account for US$ 1,482.6 Mn by 2025.

With the growth of coastal developments, the maritime domain is increasingly becoming congested, fuelled by both state and non-state actors using the sea for various activities. This warrants a heightened emphasis on maritime surveillance and protection. As a result, demand is for modern assets, such as unmanned vehicles which can be deployed to reduce human life risks and mitigate enemy contact by moving into other domains, is increasing. Moreover, the surging application of digital connectivity also acts as a major factor for growth of the unmanned oceanic systems.

Connectivity plays a paramount role for the modern networked sea and sub-sea forces, as the value of every sensor and effector is determined by the degree of its integration in the overall C4ISR chain. Major countries in the Defense sectors are substantially investing in the development of connect subsea-based sensors, submerged platforms, and surface assets with air systems and space-based assets as well as cyber operations. As this factor is anticipated to trigger more expanding operations of unmanned assets in order to counter any potential adversary threat. Thus, the continuous investment towards development of deep sea exploration technologies is expected to provide numerous profitable opportunities for the unmanned underwater vehicle & unmanned surface vehicle market players in the coming years.

Key findings of the study:        

• From a growth perspective, the Asia-Pacific region is anticipated to witness a lucrative CAGR growth rate of 8.6% during the forecast period
• Based on application, the defense segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 6.8%
• Based on payload, the camera segment is projected to grow with a CAGR of 7.2%

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