Report ID: SQMIG20T2019
Report ID:
SQMIG20T2019 |
Region:
Global |
Published Date: December, 2024
Pages:
167
|
Tables:
125 |
Figures:
69
North America is forecasted to account for a dominant share of the global unmanned underwater vehicles market forecast. Rapid adoption of unmanned underwater vehicles in commercial as well as defense applications is the key factor cementing the dominance of this region. High spending on military and defense, presence of key unmanned underwater vehicles suppliers, and growing underwater exploration activity are other factors creating new opportunities in the North American region. The United States and Canada are estimated to emerge as the most opportune markets in this region owing to rising spending on military and defense as well as oceanographic research.
The Asia Pacific region is slated to emerge as a highly opportune market for unmanned underwater vehicle providers in the world through 2031. Rapidly increasing spending on military and defense in countries such as China, India, and Japan are primarily augmenting the demand for unmanned underwater vehicles in this region. Increased naval budgets and rising emphasis on improving naval and coastal security are also promoting sales of unmanned underwater vehicles in the Asia Pacific. Growing investments in oceanographic research and environmental monitoring are also expected to create new opportunities for unmanned underwater vehicle companies in the long run.
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Report ID: SQMIG20T2019