The study involved four major activities in estimating the current size of the Unmanned Underwater Vehicles Market. Exhaustive secondary research was done to collect information on the Unmanned Underwater Vehicles market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. After that, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the Unmanned Underwater Vehicles market.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as SIPRI; corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.
Primary Research
Extensive primary research was conducted after acquiring information regarding the Unmanned Underwater Vehicles market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, which includes Africa and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the unmanned underwater vehicles market. The research methodology used to estimate the size of the market includes the following details.
Key players in the unmanned underwater vehicles market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews with leaders such as directors, engineers, marketing executives, and other stakeholders of leading companies operating in the unmanned underwater vehicles market.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the unmanned underwater vehicles market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Data Triangulation
After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for the market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.
Market Definition
Unmanned underwater vehicles (UUVs) are deployed to conduct tasks, such as measuring oceanographic data, capturing bottom images, bathymetric imaging, collecting intelligence, obtaining intelligence, surveillance, and reconnaissance (ISR) data, cable laying, and mine detecting. The size of UUVs varies from small to large depending on various factors, such as their capabilities, dimensions, power, speed, and sensors.
UUVs are broadly classified into remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs). ROVs are tethered underwater vehicles that transmit power, command, and control signals and feed the data into operators' consoles on surface ships. They have limited navigation capacities and are used to carry out ocean exploration activities and ensure port security.
AUVs are torpedo-shaped, untethered underwater vehicles designed to collect oceanographic data for an extended period without remote human supervision. AUVs are operated from submarines and used in anti-submarine warfare to detect manned submarines.
Market Stakeholders
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Unmanned Underwater Vehicle Manufacturers
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Defense Procurement Agencies
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Oil & Gas Suppliers
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Marine Researchers
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Hydrographic Surveyors
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Government Agencies
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Defense Agencies
Report Objectives
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To define, describe, and forecast the unmanned underwater vehicles market size based on Type, ROV-Application, ROV-System, ROV-Product Type, ROV-Propulsion, AUV-Shape, AUV-Depth, AUV-Speed, AUV-Propulsion, AUV-System, AUV-Application, and Region.
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To forecast the size of different segments of the market with respect to five major regions: North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, along with their respective key countries
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the market’s growth
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To identify industry trends and technology trends currently prevailing in the market
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To analyze micromarkets1 with respect to their individual growth trends, prospects, and contribution to the overall market
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To profile companies operating in the market based on their product portfolios, market share, and key growth strategies
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To analyze the degree of competition among players in the market by identifying and analyzing their business revenues, products offered, and recent developments and ranking them based on these parameters
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To analyze competitive developments such as deals, new product launches/developments, and partnerships/acquisitions undertaken by key market players
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To strategically profile key players and comprehensively analyze their share and core competencies in the market
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
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Additional country-level analysis of the Unmanned Underwater Vehicles Market
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Profiling of other market players (up to 5)
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company in the Unmanned Underwater Vehicles Market.
User
Feb, 2020
I would like to know the market potential for body/chase materials used in USV and UUV body and would also like to know the relevant reports as per the requirement..