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JERSEY CITY, N.J., Feb. 5, 2021 /PRNewswire/ -- Unmanned Underwater Vehicles Market has witnessed strong growth owing to the increasing use of unmanned underwater vehicles for maritime security and surveillance in naval forces. Furthermore, the surge in government investments will also accelerate the growth of the unmanned underwater vehicles market.
Unmanned Underwater Vehicles Market
Verified Market Research recently published a report, "Unmanned Underwater Vehicles Market " By Type (Remotely Operated Vehicle (ROV) and Autonomous Underwater Vehicle (AUV)), By Application (Commercial Exploration, Defense, Scientific Research, and Miscellaneous), By Payload (Sensors, Cameras, Video Screens, Lighting Systems, and Others), By Propulsion System (Mechanical, Electric, Hybrid, and Others), By Product Type (Small Vehicles, High-capacity Electric Vehicles, Work Class Vehicles, Heavy Work Class Vehicles, Man-Portable, Light Weight Vehicles, Heavy Weight Vehicles, and Large Vehicles) and By Geography. According to Verified Market Research, the Unmanned Underwater Vehicles Market was valued at USD 3.6 Billion in 2020 and is projected to reach USD 8.58 Billion by 2027, growing at a CAGR of 13.21 % from 2021 to 2027.