UUV Market Forecast

  Gobally, the key figures are as follows:

• UUV FORECAST:
• Market is forecast to total US$4.84 Billion by 2019, growing at a high CAGR (Compound Annual Growth Rate) from 2014 to 2019.
• The UUV market will show a stringent growth for defense operations like anti-submarine warfare, including oil and gas applications like mine hunting, mine counter measures, oil rig constructions, and pipeline inspection activities.
• The Asia-Pacific region specifically, the BRIC countries will prove to be the emerging markets for UUVs, with their activities focused in the scientific research, and oil and gas sectors.

• ROV FORECAST: 
• The global ROV market is estimated to be $1.2 Billion in 2014 and expected register a CAGR of 20.11% in 2019.
• The ROV market future can be dominated by the AUV in the coming decades.
• Regarding manufacturers, SAAB (Sweden), Fugro (The Netherlands), Oceaneering (U.S.), will be the market leaders that occupy a significant market share for ROV.
• Offshore drilling will remain the prime sector for ROV. The technological trends will be adressed to increase the number of payloads.                       

• AUV FORECAST: 
• The global AUV market is estimated to be $457 Million in 2014 and expected register a CAGR of 31.95% in 2019.
• The improved AUV capabilities and the autonomy feature will involve the AUV for operations that restrict the use of ROV due to entanglement.
• The endurance and miniaturization of AUV will strive to be the prime driver for undersea operations.
• The introduction of the AIP (Air Independent Propulsion) systems and solar cells technology will change the future of the AUV.
• Kongsberg (Norway), Teledyne (U.S.), Bluefin Robotics (U.S.), and Atlas Elektronik (Germany), will be the leaders in the AUV market.
• Defense and oceanographic studies will remain a major sector for AUV. The technological trends will be focused to the miniaturization.                                                                                                            Another Keypoints to bear in mind: 

1. With the evolution of technology, better endurance, miniaturization, and enhanced payloads, ROV and AUV will be efficiently used for undersea activities.
2. The commercialization of ROV and AUV and its increased capabilities will revolutionize their growth over the years.                                             
3. The reduction in the price of ROV and AUV will be a major concern for manufacturers.
4. The ROV and AUV markets will be driven by the increasing need of ROV and AUV in areas such as:

• Offshore drilling
• Oceanographic studies
• Underwater inspection and maintenance
• Surveillance and security