Maritime systems are very appealing and intricate machineries in the modern world. With the passage of time, the technology rocketed to a new height and the era of unmanned vehicles dawned upon the world. Unmanned Underwater Vehicles (UUVs) are vehicles that operate underwater or undersea without the help of a human operator. The world is witnessing a growing interest in maritime technology, especially the defense industry. Although scientific researchers have also emphasised on the importance of unmanned underwater vehicles in scientific research.

Many countries are investing in their defense industry and hence, the market of Autonomous Underwater Vehicles (AUVs) is expected to grow actively. Lockheed Martin, General Dynamics, BAE Systems, Saab AB, Oceaneering International, Fugro, Kongsberg, Gruppen, Subsea 7 and Tekedyne Technologies are some of the major players in the UUV market.

The exhaustion of fossil fuels, especially oil and natural gas, and the increasing demand for these two fuels has induced the demand for undersea technologies. During 2016-2021, oil and gas will have the highest demand in the commercial sector of the market and hence, it will be a potential market for unmanned underwater vehicles.

The rising consciousness about the preservation of every form of nature has given rise to conservation of maritime environment. Scientific researchers are studying climate change and its effects beneath the water surface, with the help of unmanned underwater vehicles. Many countries are coming forward and investing in the protection of the maritime environment due to rising underwater threats. UUVs have been actively embraced and endorsed for scientific research as the researchers need to explore and study, in depth, about the harsh underwater environment. The UUV market reported a revenue of $2,652.62 million in 2016, with the remotely operated vehicles (ROVs) segment accommodating for the highest revenue by 2021.

North America is expected to have the highest market during 2016-2021. It is closely followed by Europe, Asia and the rest of the world, respectively. North America has witnessed an increase in the demands of UUVs because of the rising investments by defense forces on undersea drones. In their naval application, UUVs perform mine-countermeasures operations, anti-submarine warfare, surveillance, and inspections, etc. The United Kingdom is one the most prominent countries in Europe, which is involved in the research and development activities to develop advance underwater systems. Asia Pacific region majorly consists of China, Japan, India and South Korea in the UUV market. These countries are extensively investing in all forms of maritime technologies. The dispute among China and its neighbouring countries has escalated the requirement for greater maritime security and hence, the demand for unmanned underwater vehicles.

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