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(Transportation-News.com, April 17, 2019 ) The global UUV market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for UUV consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers.
The report focuses on an in-depth segmentation of this market based by types, and applications. The geographic segmentation of the report covers major regions including; North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South America (SAM). The regional market has been further categorized by respective countries. By type segment, ROV market accounted for the largest market share and is expected to grow with a highest market growth in 2017; whereas, regionally, North America is expected to grow at the highest CAGR during the forecast period.
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Top ten key players of UUV market
1. Kongsberg Gruppen
2. Teledyne Technologies Inc.
3. Lockheed Martin Corporation
4. Saab AB
5. L3 Technologies Inc.
6. SubSea 7
7. Atlas Elektronik GmbH
8. International Submarine Engineering Ltd.
9. ECA Group
10. Gabri S.R.L
With increasing coastal developments, the maritime domain is gradually becoming congested, fueled by both state and non-state actors using the sea for various activities. This increases the need for maritime surveillance and protection. As a result, demand for modern assets, such as unmanned vehicles which can be deployed to reduce human life risks, and mitigate enemy contact by moving into other domains, is increasing. Moreover, the surging application of digital connectivity also acts as a major factor in the growth of the unmanned oceanic systems.
The growth of the market for UUV is highly influenced by the remarkable growth in the demand of need for enhanced ISR and detection of submarine among Defence forces across the globe. One of the major existing disputes is China’s conflict with its neighbors in the South China Sea and the Pacific Ocean, which is driving the demand for underwater systems in the South East Asian region, particularly in building naval strengths to counter underwater threats from enemies.
Major navies in the region, especially China and India are emphasizing on the development of submarines, however, the demand for unmanned vehicles are also gaining momentum substantially in order to effectively monitor illegal access in the maritime boundaries of these countries. Countries such as South Korea, Pakistan, and Taiwan are also expected to invest large sums in the domain over the forecast period, due to territorial conflicts and recently developed indigenous capabilities.
Reason to Buy:-
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the unmanned underwater vehicle market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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