Market Research Report
Unmanned Underwater Vehicles (UUV) for Defense & Security - Market & Technology Forecast to 2030: By Region, Spending Element, End-Use, Current/Future UUV Technologies, Country Analysis, Market Dynamics, Opportunity/Scenario Analysis, Leading Companies
|Unmanned Underwater Vehicles (UUV) for Defense & Security - Market & Technology Forecast to 2030: By Region, Spending Element, End-Use, Current/Future UUV Technologies, Country Analysis, Market Dynamics, Opportunity/Scenario Analysis, Leading Companies|
Published: January 3, 2022
Content info: 212 Pages
Delivery time: 1-2 business days
Unmanned Underwater Vehicles (UUVs) are part of the unmanned maritime systems (UMS) market. Although such systems have been in use for decades, global security, technological developments and new concepts of operations have been driving the market's expansion.
Most recently, several major naval forces have been developing or experimenting with Extra-Large UUVs and how these could benefit them in actual combat scenarios. Those systems can assume a wide range of tasks, such as ISR, homeland security, ASW and oceanography, while also being considered as weapons' platforms.
UUVs have been an integral part of many naval forces' operations. They have been widely used in Mine Counter-Measures missions but it has only been a few years since certain countries envision their use as part of a wider system that also includes the use of USVs.
Nevertheless, there are technological developments, in the fields of autonomy, batteries and power management, underwater telecommunications, underwater charging, sensors, and most importantly in Artificial Intelligence that will boost this market.
The current global security environment poses many challenges both in the form of asymmetric threats and confrontations between peers. Having the need to field disruptive technologies the soonest possible and take staff out of harm's way, naval forces have the ideal toolset in the form of UUVs.
With most of the Earth's surface covered by water, with around 40% of the population living near coastlines, with many energy resources found in the sea and with shipping being the arteries of global commerce, the UUV market is a promising one indeed.
Recognizing the potential of the market and the R&D funds being invested for new systems and technologies, large defense contractors are positioning themselves through the acquisition of smaller companies. With all the consolidation activity taking place, there are business opportunities for all sizes of businesses.
Market Forecast provides a detailed analysis of the military Unmanned Underwater Vehicles (UUV) market in the years 2018 through to 2025 in terms of in service systems and requirements per country, development programs, products available, leading companies and opportunities for manufacturers.
The global military UUV market is projected to grow to US$10.17 bn by 2030, with a CAGR of 10.2% in the 2022-2030 period.