Industry – Competitive Outlook
Key players are approaching new techniques so that they can offer this technology in more affordable price with advance functionality. The same would improve market performance. Heavy investments are made by major players in the R&D sector.
The key players of the global armored UUV market are , Subsea 7 S.A., Oceanserver Technology, Inc., Kongsberg Gruppen , Teledyne Technologies Inc., General Dynamics , Lockheed Martin Corporation , Saab Group, and BAE Systems.
Unmanned underwater vehicles (UUV) are also called by underwater vehicle or wagon that drive inside the water without human interferences. Right now there different types of UUV are available in market depending upon what is purpose. The UUV are dived in two major parts which are ‘Remotely Operated Vehicles (ROV)’ and ‘Autonomous Underwater Vehicles (AUV)’.
The remotely operated vehicles are the robots that go inside the sea or ocean, but they are connected to ship above on surface with unique cables they are connected. This cables act as intermediated between ROV and ship operator. The operator guide this vehicle with the help of remote control. ROV is setup with lights, sonar systems, camera for video and picture purpose and arm like structure to collect objects, lifting heavy objects and removing obstacles.
AUVs are different from the ROV as there is no link with operator on ship. They are self-powered and guided vehicles. AUVs are trending vehicles in recent time for ocean base study. AUVs can performs same as ROV but they do not have cables or remote, they do mapping, detecting, and removing obstruction without any human operator, fully automated. Once they are done with the survey and collecting the information, they are back to surface where data is collected and stored in the systems.
The AUVS are so advances they can go much shallow, they are safe, strong then chain vehicles. They come in different size mostly compact but for deeper mission heavy one are use.
Armored UUV will observe major demand because of technology advancement and less error. Looking at this phenomenal growth, Market Research Future’ recently gave out the market insight till 2023. According to this MRFR analysis the global Armored Unmanned Underwater Vehicle market is set to witness huge growth during the forecast phase. The industry will excel further in regards to market shares.
The ocean capture around 70% of universe. It has been proven by analysis and research that ocean will have huge impact on future and current all human beings. The ocean is also known for carrying a different actives right from fishing, marine mining, marine biotechnology, aquaculture and many others.
In past few years there has been different various environmental problems such ocean pollution, global warming and level of carbon dioxide is also major concern in order to do survey and analysis many research related to ocean environmental, have send various underwater craft but they were not so successful due resources limitation. But the, Unmanned Underwater Vehicle (UVV) where accomplished as they can travel deep and collected the necessary information.
Apart this, growing demand of these UUV in anti-submarine warfare and mine countermeasure is fuelling the market growth in during coming years. The sector like ISR, security, detection, and inspection, and navigation & accident Investigation are using this vehicles for their day to day operations.
On other side, declining military budgets, in different countries, can be one of the major factor that can restrict the growth of the market.
The industry for armored unmanned underwater vehicle is fragmented by type, by application, and by region. The type is divide by remotely operated vehicles (ROV) and autonomous underwater vehicles (AUV). The application is divide by ISR, mine countermeasures, anti-submarine warfare, security, detection, and inspection, and navigation & accident investigation.
The Americas lead the market for armored UUV. The high expenditure are made by the U.S. and Canada, is the prime factor for market growth in this region. EMEA is the second largest region for the armored UUV market. Asia-Pacific region is expected to witness the highest growth, during the forecast period, largely due to increasing demand from the countries such as China, India, South Korea, and Japan.
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