“Military Unmanned Underwater Vehicles Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on military unmanned underwater vehicles market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for military unmanned underwater vehicles ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The military unmanned underwater vehicles market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product Type: Remotely Operated Vehicle; Autonomous Underwater Vehicle
- 2) By Propulsion System: Electric System; Mechanical System; Hybrid System
- 3) By Application: Search and Rescue; Defense
- Companies Mentioned: Kongsberg Maritime; Lockheed Martin Corporation; Saab AB; Atlas Elektronik; Teledyne Technologies Incorporated
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the military unmanned underwater vehicles market are Kongsberg Maritime, Lockheed Martin Corporation, Saab AB, Atlas Elektronik, Teledyne Technologies Incorporated, Boeing, General Dynamics Corporation, Gabri SRL, Eca Group, International Submarine Engineering, L3 Harris Technologies Inc., Fugro, Oceaneering International Inc., Bluefin Robotics, and Riptide Autonomous Solutions LLC.
The global military unmanned underwater vehicles market is expected to grow from $3.20 billion in 2022 to $3.56 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The military unmanned underwater vehicles market is expected to grow to $5.28 billion in 2027 at a CAGR of 10.3%.
The military unmanned underwater vehicles market consists of sales of Light work class ROV, observation class ROV, micro or mini ROV, mobot, and other types. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Military unmanned underwater vehicles refer refers to any vehicle that can function without a human operator underwater. These are used in oceanic research.
North America was the largest region in the military unmanned underwater vehicles market in 2022. The regions covered in the military unmanned underwater vehicles report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of military unmanned underwater vehicles are remotely operated vehicles and autonomous underwater vehicles. A remotely operated vehicle refers to a vehicle that is operated underwater and controlled by a remote from the surface. The propulsion systems involved are electric, mechanical, and hybrid used in various applications such as search and rescue and defense.
The increase in the number of offshore oil and gas activities is expected to propel the growth of the military unmanned underwater vehicles market going forward. Offshore oil and gas activities refer to the development of oil fields and natural gas deposits under the ocean. Military unmanned underwater vehicles help offshore oil and gas activities through oceanic research, for purposes such as current and temperature measurement, hydrothermal vent detection, and ocean floor mapping. For instance, according to the Energy Information Administration, a US-based principal agency of the U.S. federal statistical system, in 2020, offshore oil and natural gas production in the federal Gulf of Mexico accounted for about 15% of total U.S. crude oil production and about 2% of U.S dry natural gas production. Therefore, the increase in the number of offshore oil and gas activities is driving the growth of the military unmanned underwater vehicles market.
Development in scattered marine operations is a key trend gaining popularity in the military unmanned underwater vehicles market. Any action taken by maritime forces to acquire or seize command is referred to as a maritime operation projecting power from the water. Major companies operating in the military unmanned underwater vehicles are developing scattered marine operations to strengthen their position in the market. For instance, in 2022, according to HII, a US-based shipbuilding company, the US Navy has chosen the REMUS 300 as its next-generation small unmanned undersea vehicle (SUUV). The REMUS 300 technology was intended to aid in the evolution of distributed marine operations by performing critical underwater functions.
In March 2020, Huntington Ingalls Industries, a US-based military shipbuilding company, acquired Hydroid from Kongsberg Maritime for USD 350 million. This acquisition of Hydroid by Kongsberg Maritime will increase HII's capacity to create unmanned and autonomous maritime systems. Kongsberg Maritime, Inc., a indirect subsidiary of Kongsberg, is a US-based company that helps to build autonomous underwater vessels and offers them to commercial and military markets.
The countries covered in the military unmanned underwater vehicles market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The military unmanned underwater vehicles market research report is one of a series of new reports from The Business Research Company that provides military unmanned underwater vehicles market statistics, including military unmanned underwater vehicles industry global market size, regional shares, competitors with a military unmanned underwater vehicles market share, detailed military unmanned underwater vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the military unmanned underwater vehicles industry. This military unmanned underwater vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Military Unmanned Underwater Vehicles Market Characteristics
3. Military Unmanned Underwater Vehicles Market Trends And Strategies
4. Military Unmanned Underwater Vehicles Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Military Unmanned Underwater Vehicles Market
- 4.2. Ukraine-Russia War Impact On Military Unmanned Underwater Vehicles Market
- 4.3. Impact Of High Inflation On Military Unmanned Underwater Vehicles Market
5. Military Unmanned Underwater Vehicles Market Size And Growth
- 5.1. Global Military Unmanned Underwater Vehicles Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Military Unmanned Underwater Vehicles Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Military Unmanned Underwater Vehicles Market Segmentation
- 6.1. Global Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Remotely operated vehicle
- Autonomous underwater vehicle
- 6.2. Global Military Unmanned Underwater Vehicles Market, Segmentation By Propulsion System, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Electric System
- Mechanical System
- Hybrid System
- 6.3. Global Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Search and Rescue
- Defense
7. Military Unmanned Underwater Vehicles Market Regional And Country Analysis
- 7.1. Global Military Unmanned Underwater Vehicles Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Military Unmanned Underwater Vehicles Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Military Unmanned Underwater Vehicles Market
- 8.1. Asia-Pacific Military Unmanned Underwater Vehicles Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Military Unmanned Underwater Vehicles Market
- 9.1. China Military Unmanned Underwater Vehicles Market Overview
- 9.2. China Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Military Unmanned Underwater Vehicles Market
- 10.1. India Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Military Unmanned Underwater Vehicles Market
- 11.1. Japan Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Military Unmanned Underwater Vehicles Market
- 12.1. Australia Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Military Unmanned Underwater Vehicles Market
- 13.1. Indonesia Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Military Unmanned Underwater Vehicles Market
- 14.1. South Korea Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Military Unmanned Underwater Vehicles Market
- 15.1. Western Europe Military Unmanned Underwater Vehicles Market Overview
- 15.2. Western Europe Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Military Unmanned Underwater Vehicles Market
- 16.1. UK Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Military Unmanned Underwater Vehicles Market
- 17.1. Germany Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Military Unmanned Underwater Vehicles Market
- 18.1. France Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Military Unmanned Underwater Vehicles Market
- 19.1. Eastern Europe Military Unmanned Underwater Vehicles Market Overview
- 19.2. Eastern Europe Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Military Unmanned Underwater Vehicles Market
- 20.1. Russia Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Military Unmanned Underwater Vehicles Market
- 21.1. North America Military Unmanned Underwater Vehicles Market Overview
- 21.2. North America Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Military Unmanned Underwater Vehicles Market
- 22.1. USA Military Unmanned Underwater Vehicles Market Overview
- 22.2. USA Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Military Unmanned Underwater Vehicles Market
- 23.1. South America Military Unmanned Underwater Vehicles Market Overview
- 23.2. South America Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Military Unmanned Underwater Vehicles Market
- 24.1. Brazil Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Military Unmanned Underwater Vehicles Market
- 25.1. Middle East Military Unmanned Underwater Vehicles Market Overview
- 25.2. Middle East Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Military Unmanned Underwater Vehicles Market
- 26.1. Africa Military Unmanned Underwater Vehicles Market Overview
- 26.2. Africa Military Unmanned Underwater Vehicles Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Military Unmanned Underwater Vehicles Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Military Unmanned Underwater Vehicles Market Competitive Landscape And Company Profiles
- 27.1. Military Unmanned Underwater Vehicles Market Competitive Landscape
- 27.2. Military Unmanned Underwater Vehicles Market Company Profiles
- 27.2.1. Kongsberg Maritime
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Lockheed Martin Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Saab AB
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Atlas Elektronik
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Teledyne Technologies Incorporated
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Military Unmanned Underwater Vehicles Market
29. Military Unmanned Underwater Vehicles Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer