Global Unmanned Underwater Vehicles Market Forecast to Grow at Almost 21% CAGR: Technavio

Technavio has published a new report on the global unmanned underwater vehicles market, which is expected to grow at a CAGR of almost 21% from 2015-2019.

Unmanned underwater vehicles market segmentation including type and geography

Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different types, including remotely operated vehicle (ROV) and autonomous underwater vehicle (AUV).

Additionally, analysts have segmented market projections by key geography, focusing on the Americas, EMEA, and the APAC region.

The latest report by Technavio also emphasizes the introduction of hybrid ROVs. The ROVs in the past operated on tethered cables but with the introduction of hybrid ROVs, tethered cables have become an optional configuration.

“Hybrid ROVs enables vehicles to perform the programmed missions free from cables and manoeuvre around the places that were limited to ROVs operating with tethered cables. This innovation gained traction and will boost the market growth in the forecast period,” says Faisal Ghaus, Vice President of Technavio.

Unmanned underwater vehicles: Market scope and calculation of market size

This report covers the present scenario and growth prospects for the global unmanned underwater vehicles market from 2015-2019. It provides a global overview, market shares, market segmentation, and growth prospects by region (APAC, EMEA, and the Americas).

Industry analysis includes:

• Key Vendors:
  • Saab AB
  • Oceaneering
  • Fugro
• Market Growth Drivers:
  • Growth in work-class ROV
  • Growth in offshore construction
• Market Challenges:
  • Shift from ROVs to AUVs
  • Operating complexities
• Market Trends:
  • Advances in ROV systems
  • Introduction of hybrid ROVs

View the global unmanned underwater vehicles market report.

Source: http://www.technavio.com