Urology Surgical Market: Industry Research Report 2018-2025 Unmanned Underwater Vehicle | Page 2

Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market Publication Month: Apr 2018 | No. of Pages: 171 | Report Code: TIPTE100000692 | Category: Automotive and Transportation Introduction: The UUVs & USVs are the drones operating underwater and on surface with or without human interference. Currently, these UUVs & USVs have wide range of applications in defense sector, commercial sectors, and scientific research organizations. The deployment of such unmanned marine vehicles in naval forces dates long back, and the major defense forces such as the US, the UK, Russia, France, and China are investing substantial amounts in development of robust technology UUVs and USVs. Moreover, the defense forces across the globe are facing maritime security threats such as seabed mines, submarine warfare, and anti-ship & anti-submarine missiles, among others. Therefore, these potential threats are pressurizing the defense forces to incorporate unmanned systems on or under ocean surface to counter these threats and reduce the human risk. North America has largest market share of UUVs & USVs market, followed by Europe and Asia-Pacific region. This attributes to significant investments by US Department of Defense in UUVs & USVs has led the growth of defense sector in this region. With the growing utilization of AUVs & ROVs for off-shore discoveries in this region is responsible for owing the largest share in North America market during the forecast period. Global UUVs & USVs 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. E-Mail : [email protected]