Underwater Unmanned Vehicles Market
Underwater Unmanned Vehicles Market

According to the new market research report by IndustryARC titled “Unmanned Underwater Vehicles (UUV) Market: By Type (AUV, ROV, Hybrid), By Applications (Defense, Scientific and Academic Research, Commercial Exploration, Retrieval System), By ROV Class (Work, Observation) – With Forecast (2018 – 2023)”, the market is driven by the increasing need for Ocean Data Collection and finding new market reserves.

Americas held the largest market share and growth rate in the Underwater Unmanned Vehicles Market

Americas region holds the largest market share and growth in the Underwater Unmanned Vehicles Market. North Americas is anticipated to reach $1.8% billion by 2023 at a CAGR of 10.96%. However, when it comes to highest growth rate, South Americas is leading the chart. It is anticipated to reach $917.44 million by 2023 at a CAGR of 14.99%. The key applications in this region include Defense and Government, alongside Academic and Scientific Research among others.

Selected Value Chain Analysis done in the full report

  • There are various stages at which value is added in the process of manufacturing and selling of the unmanned underwater vehicles including the AUV’s (Autonomous Unmanned Vehicles) and ROV’s (Remote Operated Vehicles). The value chain of the UUV (Unmanned Underwater Vehicles) is a combination of the supply chain as well as the supporting organizations. The supply chain of the UUV contains the suppliers of the raw material, followed by the component manufacturers, product manufacturers, distributors, and finally the operation/sales of the UUV. The Research and development is not the only supporting body for the UUV development. Supporting organizations for the UUV value chain include educational institutions, industry associations, and others. Details of each segment of the value chain are given below.

  • Raw Materials: The Main raw materials used in an ROV include the building materials of the casing, which include the sheets of metal, non-corrosive and rustproof, like aluminum or steel. The next most important structure for any underwater vehicle is the pressure hull, which acts as a housing for the electronic assemblies and equipment and also for the power unit. The materials like carbon and glass-fiber reinforced plastic (CFRP) is used for the same in order to stop the water from entering the electronic assembly and to provide protection. These composite materials are mainly procured from China, Japan, South Korea, and other south Asian countries.

  • To maintain the buoyancy of the vehicle, Synthetic foam material is used. This consists of hydrospace quality hollow glass microspheres dispersed in a high strength plastic matrix.

  • Components: The components used for building an unmanned vehicle comes next in the value chain. These are the most important tools and sensors and operating devices without which the ROV is just a swimming boat with no features. These components include the UUV unit which can be divided into the Hydraulic power unit, the tether management systems and more.

  • The integral parts which perform the guiding part in the vehicle and acts as the eye are the electronic sensors and tooling devices like the Side Scan Sonar, Conductivity-Temperature-Depth (CTD) sensors, GPS-aided Inertial Navigation Systems (INS), and an Acoustic Doppler Current Profiler (ADCP), and other tools specifically meant for the underwater tooling operations.

  • Production: Major fragment of the underwater unmanned vehicles value chain is the assembly and manufacture of the vehicle. This component is handled by the steering manufacturers themselves. The production or manufacturing portion of the ROV value chain consists of manufacturers, auxiliary product suppliers, and production support services.

  • Auxiliary product manufacturers deal with the hardware and software components of ROVs. These companies are located in the USA and UK, Norway, France, and Germany.

  • A large portion of value addition is done by the support service like engineering, machining and others which are used on a contract or spot-transaction basis to solve specific product-line problems.

  • Distributors: The distribution network in the case of UUV’s consists of 2 members, which are the Brokers and the post production service providers. Distributors are required to reduce the administrative costs and increase product awareness. There is a low value added at this stage due to the dearth of companies that involve a distribution company. Brokers and sales representatives are local and small companies, having the rights to distribute and sell UUVs. Usually, manufacturers are involved in direct selling in the home market and they sell via distributors of foreign subsidiaries in other countries. Post-production support services include repair, maintenance, and training services. Service-after-the-sale is usually conducted in the manufacturing facilities. Sometimes the manufacturer may authorize service representatives that provide local support. These services involve, providing the customer support, maintaining close contact with the customer and evaluating product performance.

  • End User/ Customer: The end-markets where the underwater unmanned vehicles are employed are oil and gas, military and government, and scientific and academic researches research. Its application in oil and gas industry is for underwater construction and repair, pipeline inspection and burial, and detailed ocean mapping. The military uses these vehicles for ISR activities, detecting and neutralizing underwater mines and in various security applications.

  • Scientific organizations employ ROVs for gathering ocean data, mapping, and exploration. Oil and gas application accounts for almost 50% of ROV sales.

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Excerpts on Market Growth Factors

  • Factors such as higher oil demand, increased offshore drilling, installation and IMR activity are fueling the growth for Underwater Unmanned Vehicles Market.

  • Subsea exploration activity is forecasted to escalate the use of underwater unmanned vehicles market.

  • Capex is yet another driver of the underwater unmanned vehicle market. The more the capital expenditure more will be exploration and drilling activity, which will drive the ROV market.

  • The safety and environmental regulations are drivers for the improvement and employment of the ROVs.

  • Technological advances in the 4-D sensors, navigation system and the ability of AUV to function in greater depths will drive the market in this segment.

  • ROV market will be driven by the research activity that is projected to take place in the African and Asia-Pacific region.

  • The ROV operations market is driven by the start of new oilfield development, active oilrig count and the volume of offshore capital expenditure.

  • The use of ROV for harnessing renewable energy such as wind energy is projected to show growth in the next five years with the offshore wind mill installation activity driving the market.

  • Exploration for commercial activities is a huge driver for the use of ROVs in deep waters.

  • Autonomous Unmanned Vehicles (AUV) Market is anticipated to reach $668.08 million by 2020 at a CAGR of 21.85%.

  • On the other hand, Remotely Operated Vehicles (ROV) Market is anticipated to reach $198.89 million by 2020 at a CAGR of 7.87%.

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Key players of Underwater and Unmanned Vehicles Market:

  • Some prominent players of Underwater and Unmanned vehicles are SAAB Seaeye,Subsea7, Oceaneering International Inc., Deep Ocean Engineering, MC Schilling Robotics LLC, Bluefin Corp, Fugro Subsea , ECA Robotics, Forum Energy Technologies, Seabotix Teledyne Technologies, Kystdesign, Saipem (Sonsub), SMD (Soil machinedynamics) and others. Some prominent explorers and operators are Monterey Bay Aquarium Research Institute, Ocean Explorer, Canyon Offshore, Oceaneering International, Hibbard Inshore LLC, SaipemAmerica and others

  • Key players like Saab Seaeye and iRobot, design, manufacture, and sell their vehicles to end- sers. Typically they manufacture the products in-house, with the help and association with scientific research networks and their customers to develop innovative products.

  • The largest ROV operators include SubSea 7 (U.K.), Oceaneering International (U.S.), CNOOC Engineering (China), Halliburton (U.K.), and McDermott International (U.S.).

Underwater and Unmanned Vehicles Market Report is segmented as indicated below

  • Underwater and Unmanned Vehicles Market By Type:

  1. Autonomous Unmanned Vehicles (AUV)

  2. Remotely Operated Vehicles (Rovs)

    1. Observation/Inspection Class (ocrov)

    2. Ight Work Class

    3. Work Class Rovs (wcrov)

    4. Special Use Vehicles

  3. Hybrid Vehicles

  • Underwater and Unmanned Vehicles Market By Application

  1. Defence and Government

    1. Intelligence, Surveillance, Reconnaissance

    2. Mine Countermeasures

    3. Object Detection and Identification

    4. Submarines/Hov Rescue

    5. Harbour/Port Security

    6. Navigation and Accident Investigation

    7. Nuclear Facilities and DAM Inspection

  2. Academic and Scientific Research

    1. Scientific Research

      1. Marine Geology

      2. Geophysics and Oceanographic Studies

        1. Ocean Observation System Support

        2. Bio Prospecting and Pharmaceutical Research

      3. Academic Research

        1. Ecological Monitoring

        2. Bathymetry Mapping

  • Underwater and Unmanned Vehicles Market By Geography (Covers 12 + Countries)

  • Underwater and Unmanned Vehicles Market By Entropy

Companies Cited/Referenced/Interviewed:

  • C-Innovations

  • Technip

  • Helix

  • DOF Subsea AS

  • Bluefin Robotics Corporation

  • Seamor Marine Ltd

  • Deep Ocean Engineering

  • Doer Marine

  • Kystdesign A.S.

  • Teledyne Seabotix

  • Soil Machine Dynamics

  • Saipem Group

  • ECA Hytec

  • International Submarine Engineering Ltd

  • Forum Energy Technologies

  • Fugro

  • FMC Technologies

  • SAAB – SEAEYE LIMITED

  • Company 19

  • Company 20+

Related Reports

  1. Unmanned Aircraft System Market
  1. Unmanned Ground Vehicle Market

What can you expect from the report?

The Underwater and Unmanned Vehicles Market is Prepared with the Main Agenda to Cover the following 20 points:

  1. Market Size by Product Categories

  2. Market trends

  3. Manufacturer Landscape

  4. Distributor Landscape

  5. Pricing Analysis

  6. Top 10 End user Analysis

  7. Product Benchmarking

  8. Product Developments

  9. Mergers & Acquisition Analysis

  10. Patent Analysis

  11. Demand Analysis (By Revenue & Volume)

  12. Country level Analysis (15+)

  13. Competitor Analysis

  14. Market Shares Analysis

  15. Value Chain Analysis

  16. Supply Chain Analysis

  17. Strategic Analysis

  18. Current & Future Market Landscape Analysis

  19. Opportunity Analysis

  20. Revenue and Volume Analysis

FAQ:

Does IndustryARC publish country, geography or application based reports in Underwater and Unmanned Vehicles Market?

Yes, we do have separate reports as mentioned below:

    1. Americas Market for Underwater and Unmanned Vehicles (2018-2023)

    2. Europe Market for Underwater and Unmanned Vehicles(2018-2023)

    3. APAC Market for Underwater and Unmanned Vehicles(2018-2023)

    4. RoW Market for Underwater and Unmanned Vehicles(2018-2023)

    5. Defence and Government Market for Underwater and Unmanned Vehicles (2018-2023)

    6. Academic and Scientific Research Market for Underwater and Unmanned Vehicles(2018-2023)

    7. Commercial Exploration Market for Underwater and Unmanned Vehicles(2018-2023)

    8. Retrieval and Delivery Systems Market for Underwater and Unmanned Vehicles(2018-2023)

    9. Autonomous Unmanned Vehicles (AUV) Market for Underwater and Unmanned Vehicles(2018-2023)

    10. Remotely Operated Vehicles (ROV) Market for Underwater and Unmanned Vehicles (2018-2023)

    11. Hybrid Vehicles Market for Underwater and Unmanned Vehicles (2018-2023)

Does IndustryARC customize these reports and charge additionally for limited customization?

Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

      1. Increase the level of data in application or end user industry.
      2. Increase the number of countries in geography chapter.
      3. Find out market shares for other smaller companies or companies which are of interest to you.
      4. Company profiles can be requested based on your interest.
      5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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