Posted on 03.04.2014 - 15:21 EDT in GENERAL NEWS by DT_Sam
DALLAS, March 28, 2014 /PRNewswire/ --
According to new market research report "Unmanned Underwater Vehicles Market by product [ROV (Remotely Operated Vehicles) and AUV (Autonomous Underwater Vehicles)], Application (Defense, Oil and Gas, Scientific Research) & by Geography (North America, Europe, Asia-Pacific, The Middle-East, Latin America, ROW) - Forecasts & Analysis (2014-2019)", published by MarketsandMarkets, is projected to cross $4.84 Billion by 2019, growing at a high CAGR from 2014 to 2019.The global ROV market is estimated to be $1.2 Billion in 2014 and expected register a CAGR of 20.11% in 2019. The global AUV market is estimated to be $457 Million in 2014 and expected register a CAGR of 31.95% in 2019.
According to Shama Lunia, Senior Research Associate of the Aerospace and Defense business unit at MarketsandMarkets,
The report analyses the defense, oil and gas, and scientific research applications of the UUV. The report also incorporates the market share based on the types of the ROV and AUV.
The geography-wise 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-wise 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-wise contribution in the production of specific types of UUV across the globe.
The drivers, restraints, and challenges, are analyzed and their impact on the global Unmanned Underwater VehiclesMarket throughout the period is charted to provide an in-depth insight of the market. The various technological trends and opportunities are discussed in the report. The PEST (Political, Economic, Sociocultural, and Technological) analysis of the market is incorporated to determine its impact on the ROV and AUV market.
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