Unmanned underwater vehicles market will reach $4.84 billion by 2019, study concludes

Unmanned underwater vehicle
Unmanned underwater

According to new market research report published by MarketsandMarkets, the unmanned underwater vehicle market is projected to cross $4.84 billion by 2019, growing at a high CAGR from 2014 to 2019.

The global Remotely Operated Vehicle (ROV) market is estimated to be $1.2 billion in 2014 and expected register a CAGR of 20.11% in 2019. The global Autonomous Underwater Vehicle (AUV) market is estimated to be $457 million in 2014 and expected register a CAGR of 31.95% in 2019.

The report contains 94 market data tables and 31 figures spread through 154 pages and an in-depth table of contents.

The report analyzes the defense, oil and gas, and scientific research applications of the UUV. The report also incorporates the market share based on the types of ROV and AUV.

The geographic analysis includes application-level segmentations across the regions, such as North America, Europe, the Middle East, Asia-Pacific (APAC), Latin America, and the Rest of the World (ROW).

The competitive analysis includes the market share of the prominent companies in the ROV and AUV market. The country-by-country analysis includes their respective ROV and AUV contracts, programs, and the scope of the UUV over the next five years. The report also includes the analyses of the country contribution in the production of specific types of UUV across the globe.