Underwater Unmanned Vehicles Market Is Anticipated to Hit $6.34 Billion by 2023 at a CAGR of 11.28%

This press release was orginally distributed by SBWire

Hyderabad, India -- (SBWIRE) -- 08/08/2018 -- According to the new market research report by IndustryARC titled "Unmanned Underwater Vehicles (UUV) Market: By Type (AUV, ROV, Hybrid), By Applications (Defense, Scientific and Academic Research, Commercial Exploration, Retrieval System), By ROV Class (Work, Observation) - With Forecast (2018 2023)", the market is driven by the increasing need for Ocean Data Collection and finding new market reserves.

Americas held the largest market share and growth rate in the Underwater Unmanned Vehicles Market

Americas region holds the largest market share and growth in the Underwater Unmanned Vehicles Market. North Americas is anticipated to reach $1.8% billion by 2023 at a CAGR of 10.96%. However, when it comes to highest growth rate, South Americas is leading the chart. It is anticipated to reach $917.44 million by 2023 at a CAGR of 14.99%. The key applications in this region include Defense and Government, alongside Academic and Scientific Research among others.

Selected Value Chain Analysis done in the full report

There are various stages at which value is added in the process of manufacturing and selling of the unmanned underwater vehicles including the AUV's (Autonomous Unmanned Vehicles) and ROV's (Remote Operated Vehicles). The value chain of the UUV (Unmanned Underwater Vehicles) is a combination of the supply chain as well as the supporting organizations. The supply chain of the....

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