Unmanned Underwater Vehicles Market
deep-water offshore oil and gas production . There is a rise in the demand for ROV and AUV globally for the military as well as commercial uses . Increased operational efficiency of the ROV to perform complex operations will benefit the market growth . Contributing towards the growth of the market is the miniaturization in AUV and the emergence of air-independent propulsion systems ( AIP ). However , growth may be affected due to economic crisis and defense budget cuts .
Global Unmanned Underwater Vehicles Market : Regional Analysis
North America dominates the unmanned underwater vehicles owing to reasons such as technological advancements , more offshore discoveries for deep-water extraction and growing incidences of terrorism in the region . Countries contributing towards this growth are the U . S . and Canada . However , in the coming period , the growth rate in North America is expected to slow down . Following the growth in North America are Asia-Pacific , Latin America , and Africa . In Asia Pacific , the growth is primarily concentrated in countries such as China , India , New Zealand and Japan . Growth in Africa can be attributed to the oil and gas exploration programs undertaken in countries such as South Africa and Nigeria and Angola . A significant share is also provided by the European regions , especially from Norway .
Global Unmanned Underwater Vehicles Market : Competitive Players
Some of the major companies in the unmanned underwater vehicles market are Subsea 7 , Teledyne Technologies , Oceaneering International Inc ., Kongsberg Maritime , Fugro , SAAB , Atlas Elekronik and Bluefin Robotics .