Market Research Future (MRFR) has recently availed a report asserting the global unmanned sea systems market is anticipated to expand significantly at a healthy CAGR of 7% during the forecast period of 2017-2023.
The unmanned sea system consists of unmanned underwater vehicles and unmanned surface vehicles, which are capable of working autonomously. The vital application of unmanned sea systems in naval operations, as it provides greater operational opportunities and tactical advantages, is one of the major drivers of the global unmanned sea systems market. The application of unmanned sea systems as a crucial component of maritime surveillance is generating high demand for this system in the global market for maritime security purposes.
The geopolitical imbalance between different regions has created the emergence of technologically advanced devices with improved surveillance capabilities. The increasing investment by the defense industry to incorporate advanced technology for maritime surveillance in order to ensure successful combat operations is fueling the expansion of the global unmanned sea system market. The proliferation in the use of unmanned sea systems in the field of oceanography, as they facilitate large survey coverage, reduction of on-site time and are more flexible and capable than the moored or drifting weather buoys, is inducing the demand for unmanned sea systems for research purposes, leading to the expansion of the global unmanned sea systems market.
The greater operational capabilities facilitated by the unmanned sea systems due to their autonomous operation with minimum interference from human controllers and other features such as wireless underwater charging and others are propelling the expansion of the global unmanned sea systems market. The technology used in unmanned sea systems is currently in developing stage. Hence, it has provided greater opportunities for the manufacturers to spur in the global market by introducing a new feature to the unmanned sea systems, which in turn is anticipated to fuel the expansion of the global market for unmanned sea systems.
However, the complexities related to the design of the devices and components due to the compact size of the systems are likely to hinder the growth of the global unmanned sea systems market during the forecast period.
Market Segmentation:
The global unmanned sea systems market has been segmented on the basis of type and capability. By type, the market is segmented into unmanned underwater vehicle (UUV) and unmanned surface vehicle (USV). The unmanned underwater vehicles segment accounted for the largest market share and will be dominating the global market for unmanned sea systems during the forecast period owing to its major application in naval industry for detection and termination of underwater mines.
Based on capability, the global unmanned sea systems market is segmented into remotely operated vehicle and autonomous vehicle. The demand for autonomous vehicle is increasing in the global market due to its pre-programmed navigation plan and less interference from human operators.
Detailed Regional Analysis:
The global market for unmanned sea systems is segmented into four major regions such as North America, Europe, Asia-Pacific (APAC) and the Middle East and Africa. The North America and Europe regions attributed to the large market share in the global unmanned sea systems market during the past few years. But, the factors such as economic slowdown in some of the European countries and the defense budget cuts in North America are likely to impact negatively on the growth of the unmanned sea systems market in these regions.
Whereas, the unmanned sea systems market in the Asia-Pacific region is anticipated to project the fastest growth during the forecast period due to increasing geopolitical tensions and territorial disputes at the international waters such as Indian Ocean, South China Sea, and the East China Sea.
The increasing military expenditure in the Middle East and Africa region due to increasing geopolitical conflicts is propelling the expansion of the global unmanned sea systems market in this region.
Competitive Analysis:
The presence of a large number of manufacturers has created high competition among the players of the global unmanned sea systems market. The increasing investment for research and development to introduce high-quality products in the market has strengthened the competition in the global unmanned sea systems market.
In February 2018, Sea Machine Robotics has launched Sea Machines 300, an unmanned surface vehicle with world’s first industrial-grade autonomous control system for commercial marine vessels. It is designed to provide enhanced vessel operations by autonomously controlling the conventional boats.
On 4th June 2018, the General Dynamics mission systems team has successfully completed all the stages of sea acceptance testing (SAT) of Knifefish, the surface mine countermeasure (MCM) unmanned undersea vehicle (UUV) system for the U.S. Navy. The developmental test and operational assessment evaluation of Knifefish has begun, following the successful SAT.
Some of the key players of the global unmanned sea systems market are General Dynamics(U.S.), Raytheon(U.S.), Balt Robotics(Poland), Bluefin Robotics(Massachusetts), Boston Engineering Corporation(MA), Kongsberg(Norway), Atlas Elektronik(Germany), BAE Systems(U.K.), Mitsubishi Heavy Industries(Japan) and Gate Elektronik (Yenimahalle).
Complete Report Details @ https://www.marketresearchfuture.com/reports/unmanned-sea-system-market-1232
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