Africa Surveyors January-February issue 2023 digital

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MARKET REPORTUnmanned Underwater Vehicle & Unmanned Surface Vehicle MarketUpcoming Trends,Opportunities andForecast to 2025By Sameer JoshiThe Latest research report study on“Unmanned Underwater Vehicle &Unmanned Surface Vehicle MarketSize, Global Analysis and Forecast to 2025”the market is expected to grow from US$991.2 Million in 2017 and is anticipated toescalate at a CAGR of 5.4% from 2018 to2025 to account for US$ 1,482.6 Million by2025. The report include key understandingon the driving factors of this growth andalso highlights the prominent players in themarket and their developments.In 2017, North America accounted for thelargest revenue share of little more thanone-third of the total market share, followedby Europe. The global unmanned underwatervehicle and unmanned surface vehiclemarket is experiencing a steady growth in thecurrent scenario and is anticipated to rise inthe coming years. The market for unmannedunderwater vehicle and unmanned surfacevehicle consists of well-established playersacross the globe, which invests huge amountsin order to deliver the most advancedtechnology to the naval forces, commercialsectors, and scientific research institutionsand organizations.Key findings of the study:From a growth perspective, the Asia-Pacificregion is anticipated to witness a lucrativeCAGR growth rate of 8.6% during the forecastperiodBased on application, the defense segmentis projected to witness significant lucrativeprofitable opportunities with projected CAGRgrowth rate of 6.8%Based on payload, the camera segment isprojected to grow with a CAGR of 7.2%Cameras play an important role in underwaterimaging of paths, various threats such asunderwater mines, and enemy submarinesamong others. The cameras after capturingthe images, sends them to the processingunits to furnish the information relatedto it. The cameras are being installed onautonomous surface vessel and underwaterimage source: Naval Technology34 January-February issue l 2023 www.africasurveyorsonline.com
UNMANNED VEHICLEimage source: Naval Technologyvessel for detecting and monitoring near-byand distant obstacles on the way. Cameracapture short range video images, acousticsonar which has become the most importanttool for underwater sensing. The imagingcompanies are constantly focusing onincreasing the capabilities of cameras as thedemand for high end and high megapixelcameras are increasing among the unmannedmarine drone manufacturers. The high-endcameras are highly efficient in providingbetter output and high quality facilitating theend users to gather a clear understanding ofunderwater world.Asia Pacific is a world’s fastest developingregion and accommodates majority of theglobal economy, therefore it is gainingcritical attention from the economicallystrong provinces including U.S for growthopportunities in terms of business andemployment. Further, the region also accreditsmost of the world’s nuclear power and incoming years it is anticipated to be amongthe strongest region in terms of Defenseand security forces. Furthermore, it has alsobeen projected that approximately 60% ofthe increase in global defense acquisitionand R&D will be driven by APAC countries.www.africasurveyorsonline.comAPAC have been an active participant inthe UUV/USV market for over a decade nowand have made significant developmentsince then. China, Japan and South Korea arethe pioneers in UUV development in APAC,whereas India is rapidly emerging economyin UUV market. Singapore initiated twoprograms that included Starfish and Meredith.Starfish was developed by National Universityof Singapore and ST Electronics, whereasMeredith was found by DSO National Labs.Some of the major software companies arealso strengthening unmanned underwatervehicle and unmanned surface vehicle marketgrip by installing advanced software whichenhance the capabilities of the respectivevehicles.The manufacturers of unmannedunderwater vehicles and unmanned surfacevehicles are partnering with various othermanufacturers or software companies inorder to design, develop advanced technologyproducts. Sometimes partnerships alsoinclude modification and improvement ofcapabilities, which increase the adoptionrate of unmanned underwater vehicles andunmanned surface vehicles. Companiessuch as ASV Global partnered with UK’sNational Oceanographic Center in 2018,for the development of ContainerizedAutonomous Marine Laboratory to serve theCommonwealth Marine Economies to supportCommonwealth Small Island DevelopingStates.Geographically, the market for unmannedunderwater vehicle and unmanned surfacevehicles is segmented as North America,Europe, Asia Pacific, Middle East andAfrica, South America. The most prominentregion in the market accounted for NorthAmerica, pertaining to large number ofmanufacturers, and suppliers in the region.Moreover, software companies are alsoenhancing the capabilities of the vehicles byintroducing advanced software. In addition,the US Defense authority is continuouslyinvesting significant amounts in researchand developments, resulting in advancedtechnology, which in turn is increasing thedemand for such unmanned marine systemsamong US Navy as well as internationalnaval forces. The manufacturers are alsoacquiring contracts from various commercialsectors across the globe to deploy unmannedmarine systems in applications such as oil &gas exploration, environmental monitoring,hydrographic and oceanographic amongothers.January-February issue l 2023 35
Page 1 and 2: January-February 2023 Volume 5 issu
Page 3 and 4: CONTENTSContentsCurrent IssueIn thi
Page 5 and 6: NEWS BRIEFSMicrosoft, JKUAT partner
Page 7 and 8: DriX Unmanned Surface Vehicle takes
Page 9 and 10: EVENTSSubsea Technology EasternMedi
Page 11 and 12: Trimble launches Tekla 2023 structu
Page 13 and 14: OIL AND GASNigeria and Senegal sign
Page 15 and 16: ENERGYSuper ESCOs are vehicles for
Page 17 and 18: ARCHEOLOGYSurveying in Africa is cr
Page 19 and 20: COVER STORYUNDERWATER ELECTRONICSan
Page 21 and 22: AERIAL SURVEYDrone is an important
Page 23 and 24: AUTONOMOUS MARINE VEHICLEScan lead
Page 25 and 26: DRONESA Wing drone flying in Lusk I
Page 27 and 28: HEADLINESOcean Infinity Expands Rob
Page 29 and 30: A ground-penetrating radar (GPR).|i
Page 31 and 32: OPINIONwww.africasurveyorsonline.co
Page 33: MININGReviving Nigeria’s neglecte
Page 37 and 38: MININGIf African countrieshad bette
Page 39: Ideas to BIMin a snap!A modern, col

Africa Surveyors January-February issue 2023 digital

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