Unmanned Underwater Vehicles Market
Unmanned Underwater Vehicles Market Size And Forecast
Unmanned Underwater Vehicles Market was valued at USD 2.9 Billion in 2018 and is projected to reach USD 8.09 Billion by 2026, growing at a CAGR of 13.5% from 2019 to 2026.
Global Unmanned Underwater Vehicles Market Outlook
The major factor contributing in the growth of the global unmanned underwater vehicles (UUV) market is increasing use of unmanned underwater vehicles for maritime security and surveillance in naval forces. Moreover, rising military budget in developing countries and growing demand of UUV in oil & gas sector for carrying out surveys at extreme depths are some other factors that are expected to fuel the market growth. However, military budget cuts in certain developed countries is a factor that might restrict the market growth. Nonetheless, increasing investments for development of technologically advanced unmanned underwater vehicles is expected to create opportunities for players in the targeted market.
Global Unmanned Underwater Vehicles Market Competitive Landscape
The Global Unmanned Underwater Vehicles Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Lockheed Martin Corporation, Kongsberg Gruppen, Teledyne Technologies Inc., Oceaneering International, Inc., Subsea 7 S.A., Saab Group, The Boeing Company, Fugro, Oceanserver Technology, Inc., and Bluefin Robotics Corporation.
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