USD 9,502.7 Million Revenue Unmanned Underwater Vehicles (UUV) Market to Reach by 2028; Increasing Oil and Gas Exploration Activities to Augment Growth, states Fortune Business Insights™ einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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Global Web Filtering Market to Reach $7.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Web Filtering estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027.
DNS Filtering, one of the segments analyzed in the report, is projected to record a 12.5% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the URL Filtering segment is readjusted to a revised 11.8% CAGR for the next 7-year period.
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The global UUV market size is projected to grow from USD 2.0 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 16.4% from 2020 to 2025.
The UUV market includes major players Lockheed Martin Corporation (US), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (US), Oceaneering International, Inc. (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect UUV production and services by 25-30% globally in 2020.
Work Class Vehicles: The largest market share segment of the remotely operated vehicles market, by product type.
Unmanned Underwater Vehicles Market Research By Key Players, Type And Application, Future Growth To 2026 marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.