Unmanned Underwater Vehicles Market - HARD COPY

The unmanned underwater vehicle market is experiencing an advanced rate of growth over the past years due to the increasing demand in commercial, defense and military and scientific research applications. This high scale of growth of the unmanned underwater vehicle industry is subsequently influencing the market, wherein new range of programs are being carried out to develop latest unmanned underwater technologies. The growing demand of unmanned underwater vehicles for naval applications, increase in offshore oil and gas activities and growing need for oceanography are the major factors driving the unmanned underwater vehicle market. The different types of unmanned underwater vehicles include: remotely operated vehicles, autonomous underwater vehicles and hybrid vehicles. By analysis, unmanned underwater vehicle market generated $2,652.62 million in 2016, in terms of revenue. Following points provide a concrete description of the report content and the topics covered in the report:

? This report identifies the global unmanned underwater vehicle market under different segments such as types, application, and geography
? The study includes the market analysis and forecast of global unmanned underwater vehicle market for from 2016 to 2021 in terms of value. The report also highlights the year-on-year growth of the market
? It examines the prime supply and demand side factors affecting the growth of the market along with the current and future trends prevalent in the unmanned underwater vehicle market
? It also presents a detailed examination of unmanned underwater vehicle market along the lines of market drivers, restraints, growth opportunities, and challenges
? The report also highlights the value chain of the industry with a major focus on technology roadmap
? A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies followed by the key players in the market.
? Unmanned underwater vehicle market analysis and forecast with respect to various types such as remotely operated vehicles, autonomous underwater vehicles and hybrid vehicles garners major emphasis in the report
? Unmanned underwater vehicle market has been analyzed for all geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis in respect to other major countries
? Several ongoing programs for advancement of unmanned underwater vehicles are included in this report
? The key market players are analyzed and profiled in detail in the report. This section covers business financials, company snapshots, key products & services, major developments, future programs (if any), and finally, the individual SWOT analysis.
Executive Summary 17
1 Research Scope & BIS Methodology 29
1.1 Scope of the Report 29
1.2 Unmanned Underwater Vehicles Market Research Methodology 30
2 Market Dynamics 34
2.1 Market Drivers 36
2.1.1 Growing Demand of UUVs for Naval Applications 36
2.1.2 Increase in Offshore Oil & Gas Activities 37
2.1.3 Growing Need for UUVs in Oceanography 38
2.2 Market Challenges 40
2.2.1 Navigational Issues with UUVs 40
2.2.2 Operational Complexities with UUVs 40
2.3 Market Opportunities 42
2.3.1 Emergence of Hybrid UUVs 42
2.3.2 Technological Advancements in UUVs 42
3 Competitive Insights 44
3.1 Competitive Landscape 44
3.2 Key Strategies and Developments 45
3.2.1 Partnerships, Agreements and Contracts 46
3.2.2 Product Launches 49
3.2.3 Mergers and Acquisitions 51
3.2.4 Other Developments 53
4 Industry Analysis 56
4.1 Evolution of Unmanned Underwater Vehicles 56
4.2 Classification of Unmanned Underwater Vehicles 58
4.3 Technology Roadmap for Unmanned Underwater Vehicles 62
4.4 Major Expenditure (R&D, Proc. and O&M) on Unmanned Systems, 2014-2018 63
4.5 UUV Product Mapping with Key Manufacturers 64
4.5.1 An Overview on Unmanned Underwater Vehicles Products 66
4.6 Pricing of Autonomous Underwater Vehicles 69
4.7 Value Chain Analysis 70
5 Global Unmanned Underwater Vehicles Market, 2015-2021 72
5.1 Assumptions and Limitations 72
5.2 Market Overview 73
6 Unmanned Underwater Vehicles Market by UUV Type 74
6.1 Market Overview 75
6.2 UUV Types Market by Application, 2015-2021 78
6.3 Remotely Operated Vehicles (ROVs) Market Size, 2015-2021 80
6.3.1 Remotely Operated Vehicles Market Size by Product Type, 2015 – 2021 81
6.4 Autonomous Underwater Vehicles (AUVs) Market Size, 2015-2021 83
6.4.1 Autonomous Underwater Vehicles Market Size by Product Type, 2015 – 2021 84
6.5 Hybrid Underwater Vehicles Market Size, 2015-2021 88
7 Unmanned Underwater Vehicles Market by Payload 90
7.1 Market Overview 91
7.2 Camera 92
7.3 Sonar 93
7.4 Sensors 94
7.5 Inertial Navigation System 95
7.6 Others 96
8 Unmanned Underwater Vehicles Market by Application 97
8.1 Market Overview 98
8.2 Unmanned Underwater Vehicles Market for Commercial Application, 2015-2021 100
8.3 Unmanned Underwater Vehicles Market for Defense and Security Application, 2015-2021 104
8.4 Unmanned Underwater Vehicles Market for Scientific Research Application, 2015-2021 107
9 Unmanned Underwater Vehicles Market by Geography 110
9.1 Market Overview 111
9.2 The North American UUVs Market, 2015-2021 114
9.2.1 UUVs Market Size in the U.S., 2015-2021 115
9.2.2 UUVs Market Size in Canada, 2015-2021 119
9.3 European UUVs Market Size, 2015-2021 120
9.3.1 UUVs Market Size in the U.K., 2015-2021 122
9.3.2 UUVs Market Size in Germany,2015-2021 123
9.3.3 UUVs Market Size in Russia,2015-2021 124
9.3.4 UUVs Market Size in Norway, 2015-2021 125
9.3.5 UUVs Market Size in France, 2015-2021 126
9.4 Asia Pacific UUVs Market Size, 2015-2021 128
9.4.1 UUVs Market Size in China, 2015-2021 129
9.4.2 UUVs Market Size in Japan, 2015-2021 130
9.4.3 UUVs Market Size in India, 2015-2021 131
9.4.4 UUVs Market Size in South Korea, 2015-2021 132
9.5 Rest of the World UUVs Market Size, 2015-2021 133
10 Company Profile 136
10.1 BAE Systems 136
10.1.1 Company Overview 136
10.1.2 Financials 137
10.1.2.1 Overall Financials 137
10.1.2.2 Segment Revenue Mix 138
10.1.2.3 Geographic Revenue Mix 139
10.1.3 SWOT Analysis 140
10.2 FMC Technologies 141
10.2.1 Company Overview 141
10.2.2 Financials 142
10.2.2.1 Overall Financials 142
10.2.2.2 Segment Revenue Mix 143
10.2.2.3 Geographic Revenue Mix 144
10.2.3 SWOT Analysis 145
10.3 Fugro 146
10.3.1 Company Overview 146
10.3.2 Financials 147
10.3.2.1 Overall Financials 147
10.3.2.2 Segment Revenue Mix 148
10.3.2.3 Geographic Revenue Mix 149
10.3.3 SWOT Analysis 150
10.4 General Dynamics 151
10.4.1 Company Overview 151
10.4.2 Financials 152
10.4.2.1 Overall Financials 152
10.4.2.2 Revenue Mix 153
10.4.2.3 Geographic Revenue Mix 154
10.4.3 SWOT Analysis 155
10.5 Kongsberg Gruppen 156
10.5.1 Company Overview 156
10.5.2 Financials 157
10.5.2.1 Overall Financials 157
10.5.2.2 Segment Revenue Mix 158
10.5.2.3 Geographic Revenue Mix 159
10.5.3 SWOT Analysis 160
10.6 Lockheed Martin 161
10.6.1 Company Overview 161
10.6.2 Financials 162
10.6.2.1 Overall Financials 162
10.6.2.2 Segment Revenue Mix 163
10.6.2.3 Geographic Revenue Mix 164
10.6.3 SWOT Analysis 165
10.7 Oceaneering International 166
10.7.1 Company Overview 166
10.7.2 Financials 167
10.7.2.1 Overall Financials 167
10.7.2.2 Segment Revenue Mix 168
10.7.2.3 Geographic Revenue Mix 169
10.7.3 SWOT Analysis 170
10.8 SAAB 171
10.8.1 Company Overview 171
10.8.2 Financials 172
10.8.2.1 Overall Financials 172
10.8.2.2 Segment Revenue Mix 173
10.8.2.3 Geographic Revenue Mix 175
10.8.3 SWOT Analysis 176
10.9 Subsea 7 177
10.9.1 Company Overview 177
10.9.2 Financials 178
10.9.2.1 Overall Financials 178
10.9.2.2 Segment Revenue Mix 179
10.9.2.3 Geographic Revenue Mix 180
10.9.3 SWOT Analysis 181
10.10 Teledyne Technologies 182
10.10.1 Company Overview 182
10.10.2 Financials 183
10.10.2.1 Overall Financials 183
10.10.2.2 Segment Revenue Mix 184
10.10.2.3 Geographic Revenue Mix 185
10.10.3 SWOT Analysis 186
11 Appendix 187
11.1 Quotes by Leading Players 187
11.2 Related Reports 190

List of Tables
Table 1 Classification of UUVs 18
Table 2 Global UUV Market Overview 21
Table 3.1 Key Contracts, Agreements and Partnerships 46
Table 3.2 Key Product Launches 50
Table 3.3 Mergers, Acquisitions, and Joint Ventures 52
Table 3.4 Other Developments 54
Table 4.1 Typical AUVs Data 57
Table 4.2 The U.S. Department of Defense (DoD) Funding on Unmanned Systems ($ Million) 63
Table 4.3 UUV Product Mapping with Key Manufacturers 64
Table 4.4 Pricing of AUVs, 2016 69
Table 5.1 Global Unmanned Underwater Vehicles Market 2015-2021 ($ Million) 73
Table 6.1 Unmanned Underwater Vehicles Market Size by UUV Type, 2015-2021 ($ Million) 76
Table 6.2 UUV Type Market with respect to Application, 2015-2021 ($ Million) 78
Table 6.3 Remotely Operated Vehicles Market Size by Product Type, 2015 – 2021 82
Table 6.4 Autonomous Underwater Vehicles Market Size by Product Type, 2015 – 2021 84
Table 6.5 Autonomous Underwater Vehicles Product Mapping with AUV Type 85
Table 7.1 Unmanned Underwater Vehicles Market by Payload, 2015 -2021 ($ Million) 91
Table 8.1 UUV Users in the U.S. for Commercial Application 102
Table 8.2 Suitability Analysis of UUVs for Naval Missions 106
Table 8.3 UUV Users in the U.S. for Scientific and Academic Application 108
Table 8.4 Other Government Users of UUV in the U.S. 109
Table 9.1 Unmanned Underwater Vehicles Market Size by Geography, 2015-2021 ($ Million) 112
Table 9.2 The U.S. DoD Funding on Maritime Systems, 2014-2018 ($ Million) 116
Table 9.3 The U.S. Navy Proposed Procurement Budget FY17 117
Table 9.4 Major UUV Manufacturers in the U.S. 117
Table 9.5 UUVs Market Size in Rest of the World, 2015-2021 ($ Million) 133
Table 10.1 SAAB Business Segments 173
Table 10.2 SAAB Underwater Systems 174
List of Figures
Figure 1 Piracy in Southeast Asia, 1995-2014 17
Figure 2 Applications of Unmanned Underwater Vehicles 19
Figure 3 Unmanned Underwater Vehicles Market Size, 2016-2022 20
Figure 4 Unmanned Underwater Vehicle Market by UUV Type, 2015 and 2021 22
Figure 5 UUV Type Market by Application, 2015 23
Figure 6 Unmanned Underwater Vehicles Market by Application, 2015–2021 ($ Million) 24
Figure 7 Ranking of UUV Market by Application, 2015 and 2021 25
Figure 8 Unmanned Underwater Vehicles Market by Geography, 2015-2021 ($ Million) 26
Figure 9 Unmanned Underwater Vehicle Market by Geography, CAGR% (2015-2021) 27
Figure 1.1 Unmanned Underwater Vehicles Market Scope 29
Figure 1.2 Secondary Data Sources 31
Figure 1.3 Top Down and Bottom up Approach 32
Figure 1.4 Unmanned Underwater Vehicles Market Influencing Factors 33
Figure 1.5 Assumptions and Limitations 33
Figure 2.1 Market Dynamics Snapshot 34
Figure 2.2 Market Drivers–Impact Analysis, 2015-2021 35
Figure 2.3 Market Challenges–Impact Analysis, 2015-2021 35
Figure 2.4 Global Oil Demand and Supply, 2008-2015 38
Figure 2.5 Major Challenges of Underwater Acoustic Network 41
Figure 3.1 Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players 44
Figure 3.2 Percentage Share of Strategies Adopted by the Market Players, 2014-2016 45
Figure 4.1 Evolution of Autonomous Underwater Vehicles (AUVs) 56
Figure 4.2 Brief Classification of UUVs 58
Figure 4.3 Functional Analysis of Naval UUVs 60
Figure 4.4 UUV Energy Options vs. Vehicle Size 61
Figure 4.5 Technology Roadmap for UUVs 62
Figure 4.6 Detailed Overview on UUVs 66
Figure 4.7 Value Chain Analysis 70
Figure 6.1 Classification of Unmanned Underwater Vehicles Market by UUV Type 75
Figure 6.2 Unmanned Underwater Vehicles Market Share by UUV Type, 2015 and 2021 77
Figure 6.3 UUV Type Market Share With Respect to Application, 2015 and 2021 79
Figure 6.4 Remotely Operated Vehicles Market Size, 2015 and 2021 80
Figure 6.5 Autonomous Underwater Vehicles Market Size, 2015 and 2021 83
Figure 6.6 Hybrid Underwater Vehicles Market Size, 2015 and 2021 88
Figure 7.1 Classification of Unmanned Underwater Vehicles by Payload 91
Figure 7.2 Unmanned Underwater Vehicles Market by Camera, 2015 -2021 ($ Million) 92
Figure 7.3 Unmanned Underwater Vehicles Market for Sonar, 2015 -2021 ($ Million) 93
Figure 7.4 Unmanned Underwater Vehicles Market for Sensors, 2015 -2021 ($ Million) 94
Figure 7.5 Unmanned Underwater Vehicles Market for INS, 2015 -2021 ($ Million) 95
Figure 7.6 Unmanned Underwater Vehicles Market for Others, 2015 -2021 ($ Million) 96
Figure 8.1 Classification of Unmanned Underwater Vehicles by Application 98
Figure 8.2 Unmanned Underwater Vehicles Market Share by Application, 2015-2021 99
Figure 8.3 UUV Market Size for Commercial Application, 2015 and 2021 100
Figure 8.4 UUVs Demand in Commercial Application 102
Figure 8.5 UUV Market Size for Defense and Security Application, 2015 and 2021 104
Figure 8.6 UUVs in accordance with the Naval Missions 105
Figure 8.7 UUV Market Size for Scientific Research Application, 2015 and 2021 107
Figure 9.1 Classification of Unmanned Underwater Vehicle Market by Geography 111
Figure 9.2 Geographic Distribution of Unmanned Underwater Vehicles Market, 2015 and 2021 112
Figure 9.3 North American UUVs Market Size, 2015-2021 114
Figure 9.4 UUVs Market Size in the U.S., 2015-2021 115
Figure 9.5 Canadian UUV Market Size, 2015-2021 119
Figure 9.6 European UUVs Market Size, 2015-2021 120
Figure 9.7 European UUV Market Size by Country, 2015-2021 121
Figure 9.8 European UUV Market Size, by Country 2015 122
Figure 9.9 UUVs Market Size in the U.K., 2015-2021 122
Figure 9.10 UUVs Market Size in Germany, 2015-2021 123
Figure 9.11 UUVs Market Size in Russia, 2015-2021 124
Figure 9.12 UUVs Market Size in Norway, 2015-2021 125
Figure 9.13 UUVs Market Size in France, 2015-2021 126
Figure 9.14 APAC UUVs Market Size, 2015-2021 128
Figure 9.15 UUVs Market Size in China, 2015-2021 129
Figure 9.16 UUVs Market Size in Japan, 2015-2021 130
Figure 9.17 UUVs Market Size in India, 2015-2021 131
Figure 9.18 UUVs Market Size in South Korea, 2015-2021 132
Figure 9.19 Rest of the World UUVs Market Size, 2015-2021 133
Figure 9.20 UUVs Market Size in Rest of the World, 2015 & 2021 ($ Million) 134
Figure 10.1 BAE Systems–Overall Financials, 2013-2015 137
Figure 10.2 BAE Systems–Business Segment Revenue Mix, 2013-2015 138
Figure 10.3 BAE Systems–Geographic Revenue Mix, 2013-2015 139
Figure 10.4 FMC Technologies–Overall Financials, 2013-2015 142
Figure 10.5 FMC Technologies–Business Segment Revenue Mix, 2013-2015 143
Figure 10.6 FMC Technologies–Geographic Revenue Mix, 2013-2015 144
Figure 10.7 Fugro–Overall Financials, 2013-2015 147
Figure 10.8 Fugro– Business Segment Revenue Mix, 2013-2015 148
Figure 10.9 Fugro– Geographic Revenue Mix, 2013-2015 149
Figure 10.10 General Dynamics–Overall Financials, 2013-2015 152
Figure 10.11 General Dynamics–Business Segment Revenue Mix, 2013-2015 ($Million) 153
Figure 10.12 General Dynamics–Geographic Revenue Mix, 2013-2015 ($ Million) 154
Figure 10.13 Kongsberg Gruppen–Overall Financials, 2013-2015 157
Figure 10.14 Kongsberg Gruppen–Business Segment Revenue Mix, 2013-2015 158
Figure 10.15 Kongsberg Gruppen–Geographic Revenue Mix, 2013-2015 159
Figure 10.16 Lockheed Martin–Overall Financials, 2013-2015 162
Figure 10.17 Lockheed Martin–Business Segment Revenue Mix, 2013-2015 ($ Million) 163
Figure 10.18 Lockheed Martin–Geographic Revenue Mix, 2013-2015 ($ Million) 164
Figure 10.19 Oceaneering International–Overall Financials, 2013-2015 167
Figure 10.20 Oceaneering International–Business Segment Revenue Mix, 2013-2015 168
Figure 10.21 Oceaneering International–Geographic Revenue Mix, 2013-2015 169
Figure 10.22 SAAB – Overall Financials, 2013-2015 172
Figure 10.23 SAAB– Business Segment Revenue Mix, 2013-2015 173
Figure 10.24 SAAB– Geographic Revenue Mix, 2013-2015 175
Figure 10.25 Subsea 7– Overall Financials, 2013-2015 178
Figure 10.26 Subsea 7– Business Segment Revenue Mix, 2013-2015 179
Figure 10.27 Subsea 7– Geographic Revenue Mix, 2013-2015 180
Figure 10.28 Teledyne Technologies–Overall Financials, 2013-2015 183
Figure 10.29 Teledyne Technologies–Business Segment Revenue Mix, 2013-2015 184
Figure 10.30 Teledyne Technologies–Geographic Revenue Mix, 2013-2015 185
Maritime systems have emerged to be a powerful tool for commercial, defense and scientific research applications. The system has been constantly evolving at a rapid pace, with an impending need for updations in maritime technology. Unmanned Underwater Vehicles (UUVs) are defined as the systems that are able to operate under sea without the human operator inside. . With various innovations in the field of undersea technology, new forms of systems are being developed that are highly autonomous, light weight and are easy to operate. The market of Autonomous Underwater Vehicles (AUVs) is expected to show robust growth due the increasing rate of investments in the defense industry. Lockheed Martin, General Dynamics, BAE Systems, Saab AB, Oceaneering International, Fugro, Kongsberg Gruppen, Subsea 7 and Teledyne Technologies are some of the major players of the UUV market.
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The increased demand of oil and gas has driven the demand for undersea technologies. The oil and gas ratio in the commercial sector is expected to have the highest demand during the forecast period and hence, will prove as the potential market for the utilization of unmanned underwater vehicles. The extent of defense and scientific research has also emphasized on the importance of UUVs. Many countries across the world are investing in protecting the maritime environment due to rising underwater threats. AUVs can be majorly used for military missions due to their increased functionality. The application of the UUVs has been actively adopted in the scientific research as the scientists need to explore and study about the undersea harsh environment at a deeper level. . The UUV market reported a revenue of $2,652.62 million in 2016 with the remotely operated vehicles segment accommodating for the highest revenue by 2021.
North America is expected to have the highest market during the forecast period (2016-2021), followed by Europe, Asia and the Rest of the World (RoW). The increase in the demand of UUVs in the North America is due to the rising investments by defense forces on undersea drones. In naval applications, UUVs are used to perform mine-countermeasures operations, anti-submarine warfare, surveillance, and inspections, among others. The United States is expected to dominate the market during the forecast period (2016-2021). The U.K. is one of the prominent countries in Europe, which has been significantly involved in the research and development activities to develop advanced underwater systems. Asia-Pacific region majorly consists of China, Japan, India and South Korea in the UUV market. The countries in the region are experiencing a trend of extensive investment in all forms of advanced maritime technologies. Maritime disputes between China and its neighboring countries have accelerated the requirements for greater maritime security capabilities.
North America, Europe, Asia and rest of the world (RoW)
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Unmanned underwater vehicles have been on the path of gradual advancement in undersea technologies in the present times. The emergence of underwater technologies have made it easier to carry out any operation undersea and also has the capability to operate under harsh environment. The growing demand for oil has attracted deep-water exploration activities which has primarily driven the need for underwater technologies. The rising maritime security threats is also one of the major factors that is influencing the unmanned underwater vehicle market.
Unmanned underwater vehicles are rapidly evolving with significant advancements in unmanned underwater technology. Manufacturers are currently focusing on the development of unmanned underwater vehicles with advanced technologies that can operate independently and requires less human intervention. According to BIS Research Analysis, the unmanned underwater vehicle market is estimated to be $2,652.62 million in 2016.
The unmanned underwater vehicle market is driven by the increasing demand generated by defense and security majorly in the North American region. Moreover, increasing demand of oil and gas and scientific research measures can further contribute to the growth of the unmanned underwater vehicle market.
The advancements in the technology has led the key manufacturers to build advanced unmanned underwater vehicles that are highly autonomous, light weight and are easy to operate. BAE Systems, Saab AB, Lockheed Martin and Teledyne Technologies are some of the leading producers that use advanced underwater technologies in the unmanned underwater vehicles.
Unmanned underwater vehicles are mainly categorized into Remotely Operated Vehicles (ROVs), Autonomous Underwater vehicles (AUVs) and Hybrid Remotely Operated Vehicles (HROVs). Unmanned underwater vehicles may vary in accordance with the applications. For instance, AUVs are majorly used in the military applications since there is a huge requirement for autonomous operations to constantly monitor the undersea environment due to the rising maritime security threats.
The North America is currently dominating the unmanned underwater vehicle market, however, the geographical analysis of this market unveils a great potential for growth in the Asia-Pacific countries. According to the analysis, the presence of emerging economies, particularly China and India, are majorly contributing to the growth of the market. Moreover, due to a small number of manufacturing companies in this region, there is a vast scope of opportunities for new and already established market players. The U.K., Germany, France, Norway and Russia are some of the prominent countries for European unmanned underwater vehicle market. European scientific research organizations are constantly evolving and expanding their research and development activities for exploring the deep sea environment. This form of rapid development in the region is expected to increase the requirement of underwater technology and is likely to propel unmanned underwater vehicle market forward.
Lockheed Martin, General Dynamics, BAE Systems, Saab AB, Oceaneering International, Fugro, Kongsberg Gruppen, Subsea 7 and Teledyne Technologies
Remotely operated vehicles segment in UUVs accomodating for the highest revenue by 2021