This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
The report analyzes the defense, oil and gas, and scientific research applications of the Unmanned Underwater Vehicles. The global UUV market is dominated by the Asia-Pacific, Latin America, and African regions while that in North America and Europe will be sluggish compared to these regions.
(PRWEB) July 03, 2014
According to new market research report "Unmanned Underwater Vehicles Market by product [ROV (Remotely Operated Vehicles) and AUV (Autonomous Underwater Vehicles)], Application (Defense, Oil and Gas, Scientific Research) & by Geography (North America, Europe, Asia-Pacific, The Middle-East, Latin America, ROW) - Forecasts & Analysis (2014-2019)", the Unmanned Underwater Vehicles Market is projected to cross $4.84 billion by 2019, growing at a high CAGR from 2014 to 2019. The global ROV market is estimated to be $1.2 billion in 2014 and expected register a CAGR of 20.11% in 2019. The global AUV market is estimated to be $457 million in 2014 and expected register a CAGR of 31.95% in 2019.
Browse 94 market data tables and 31 figures spread through 154 pages and in-depth TOC on "Unmanned Underwater Vehicles Market" - http://www.marketsandmarkets.com/Market-Reports/Unmanned-underwater-vehicles-market-140710720.html.
Early buyers will receive 10% customization on this report.
Asia-Pacific, Latin America, and Africa show a consistent level of growth. Japan, China, Brazil, Norway, and India are the emerging markets of UUV and will also show a reliable growth over the next few years.
There will be an increasing demand in offshore drilling activities to serve the global energy needs. The ROV market will show a significant increase in this sector. The need for seabed mapping and oceanographic environmental study for safeguarding the environment will be a key factor in the use of the UUV for scientific research purposes. The driving factor for this market will be the emergence of AIP (Air Independent Propulsion) systems and miniaturization in AUV, and the increased operational efficiency of the ROV to perform complex operations using various payloads.
Stringent market growth will be seen in countries such as Nigeria, Angola, Brazil, Chile, and, New Zealand, for the oil and gas sector and the countries such as China, Japan, and India, for the scientific research sector. The North American and European regions will show a comparatively sluggish growth over the next five years. There will be a slight decline in the global share of advanced markets defense budget cuts and the economic crisis.
The report analyses the defense, oil and gas, and scientific research applications of the UUV. The report also incorporates the market share based on the types of the ROV and AUV.
The geography-wise analysis includes application-level segmentation across the regions such as North America, Europe, the Middle East, Asia-Pacific (APAC), Latin America, and the Rest of the World (ROW). The competitive analysis includes the market share of the prominent companies in the ROV and AUV market. The country-wise analysis includes their respective ROV and AUV contracts, programs, and the scope of the UUV over the next five years. The report also includes the analyses of the country-wise contribution in the production of specific types of UUV across the globe.
The drivers, restraints, and challenges, are analyzed and their impact on the global Unmanned Underwater Vehicles Market throughout the period is charted to provide an in-depth insight of the market. The various technological trends and opportunities are discussed in the report. The PEST (Political, Economic, Sociocultural, and Technological) analysis of the market is incorporated to determine its impact on the ROV and AUV market.
For More Details: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=140710720
Browse Related Reports
Small UAV Market by Trends (Mini, Micro, Hand Held UAV), by Propulsion (Hydrogen, Electric, Solar, Lithium ION), by Payload (NBC Detection, Telemetry Systems, Software Systems, Meteorology), by Application (Civil, Military, Security), by Region, by Country - Global Forecast to 2014 - 2019
Unmanned Aerial Vehicle (UAV) Market (2013 - 2018)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/aerospace-defence.
For the original version on PRWeb visit: http://www.prweb.com/releases/unmanned-underwater-uuv/market-forecast-2019/prweb11984689.htm
Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.