Unmanned Underwater Vehicles Companies - The Boeing Company (US) and General Dynamics Corp. (US) are the Key Players
MarketsandMarkets: The unmanned underwater vehicle (UUVs) market is estimated to be USD 3.5 billion in 2022 and is projected to reach USD 7.4 billion by 2027, at a CAGR of 16.0% from 2022 to 2027. The market is driven by factors such as development of new & advanced Unmanned underwater vehicles which are being used in several military operations such as Mine Clearance, ISR etc, and commercial operations such as Offshore drilling, Seabed Mapping, etc.
Kongsberg Maritime (Norway), Saab AB (Sweden), Oceaneering International Inc. (US), The Boeing Company (US), and General Dynamics Corp. (US) are among the key global companies manufacturing unmanned underwater vehicles.
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Kongsberg Maritime (Norway): The company held the leading position in the market. Kongsberg Maritime is one of the leading companies in market and a leading manufacturer of AUV and ROV equipment. This is primarily due to the company’s large number of contracts with other leading stakeholders in this market. Kongsberg Maritime has a broader product portfolio of capabilities and technology than other key players, and is thus ranked first in both, the ROV and AUV markets.
SAAB AB (Sweden): The company conducts R&D activities, which involve applied research, new product and systems development, and select concept studies. Its R&D investments remain top priority and are key to its competitiveness.
Oceaneering International Inc. (US): The company has been focusing on new agreements and contracts as a strategy to increase its product offerings and market share. Its well-established distribution network serves as an important factor for future growth. The company is one of the leaders in commercial UUVs market and has strong-hold on the UUVs market for Oil & Gas Industry.
The Boeing Company (US): It is one of the leading manufacturers and distributors of unmanned underwater vehicles. The company has a strong network of distributors across the world. They are the leading suppliers of Unmanned Underwater Vehicles for US Navy.
General Dynamics Corp. (US): The company is one of the dominant players in the unmanned underwater vehicles market. It intends to strengthen and expand its core businesses with targeted acquisitions and product developments. It develops unmanned underwater vehicles and other supporting systems for several countries in North America, Europe, Asia Pacific, and the Middle East & Africa.
Related Reports:
Unmanned Underwater Vehicles Market by type (Autonomous Underwater Vehicles (AUVs), Remotely Operated Vehicles (ROVs), Application, Propulsion (Electric, Non-Electric), System, Speed, Shape, Depth, Product Type, and Region - Forecast to 2027
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