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Unmanned Sea Systems Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4557796
  • Report
  • 91 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • Atlas Elektronik
  • BAE Systems
  • ECA Group
  • Elbit Systems Ltd.
  • Kongsberg Gruppen
  • Maritime Robotics AS
  • MORE
Market Overview

The unmanned sea systems market is anticipated to grow at a CAGR of over 10% during the forecast period.
  • The use of unmanned systems for intelligence, surveillance and reconnaissance missions along the water bodies of the nations is gaining importance over the past few years. With naval forces prioritizing the development and procurement of unmanned systems, the demand for unmanned sea systems is anticipated to witness significant growth during the forecast period.
  • Also, there is a substantial growth in the commercial applications of the unmanned surface and underwater vehicles which will also fuel the growth of the market.
  • The increasing investments into the use of emerging technologies like AI in the unmanned sea systems to make them autonomous are increasing. Such investments by governments are bringing various companies together to develop advanced autonomous vehicles, thereby, increasing the consolidation in the market.
Scope of the Report

The study of unmanned sea systems market includes the use of unmanned underwater vehicles (UUV), and unmanned surface vehicles (USV) for military and commercial applications.

Key Market Trends

Autonomous Vehicle Segment to Experience the Highest Growth During the Forecast Period

Autonomous Vehicle segment of the market is expected to grow at the highest CAGR during the forecast period. Currently, there are a lot of investments towards the development of new autonomous vehicles and also to convert the existing remotely controlled vehicles into autonomous vehicles to minimize the human interference and increase the efficiency of the vehicles. For instance, in July 2019, the US Navy (USN) has initiated the development of a decision support aid for Sea Hunter unmanned surface vessel program using the artificial intelligence (AI) algorithms. Under the Operator Decision Aid (ODA) pilot project, the Naval Sea Systems Command (NAVSEA) plans to develop a warning and maneuver recommendations prototype. Such initiatives by the governments are fuelling the growth of the segment of the market during the forecast period.

North America Region is Expected to Generate the Highest Demand During the Forecast Period

North America region is expected to generate the highest demand for unmanned sea systems during the forecast period. The majority of demand for unmanned sea systems in North America is generated from the United States. The country being the highest military spender is currently investing heavily into the unmanned sea systems after it has successfully integrated UAVs and UGVs into its armed forces. As a part of these investments, the Navy is currently seeking to build new Medium Unmanned Surface Vehicle (MUSV) and Large Unmanned Surface Vehicle (LUSV), the new sea platforms with anti-surface and strike warfare capabilities for a range of missions like anti-submarine sonar applications, command and control and sweeping ISR among others. Also, the Navy is working with defense companies like Lockheed Martin and Boeing to manufacture and deploy Extra Large Unmanned Undersea Vehicles (XLUUVs).

Competitive Landscape

The prominent players in the market are The Boeing Company, L3Harris Technologies, Inc., Lockheed Martin Corporation, General Dynamics Corporation, and Saab AB. Currently, the major manufacturing companies based in the US are majorly dependent on the orders and contracts provided by the US Department of Defense. With product and technology innovation, companies can increase their geographic presence, thereby increasing their market share. Also, the growing partnerships between the companies to exchange technology and technical expertise, as well as the acquisition of smaller companies and start-ups by the major defense companies is expected to increase the market consolidation in the coming years.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Atlas Elektronik
  • BAE Systems
  • ECA Group
  • Elbit Systems Ltd.
  • Kongsberg Gruppen
  • Maritime Robotics AS
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Unmanned Underwater Vehicles (UUV)
5.1.2 Unmanned Surface Vehicles (USV)
5.2 Capability
5.2.1 Remotely Operated Vehicle
5.2.2 Autonomous Vehicle
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 France
5.3.2.3 Germany
5.3.2.4 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Rest of the World

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Atlas Elektronik
6.2.2 BAE Systems
6.2.3 General Dynamics Corporation
6.2.4 Lockheed Martin Corporation
6.2.5 Teledyne Technologies Incorporated
6.2.6 Kongsberg Gruppen
6.2.7 Saab AB
6.2.8 L3Harris Technologies, Inc.
6.2.9 Maritime Robotics AS
6.2.10 The Boeing Company
6.2.11 ECA Group
6.2.12 Elbit Systems Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Atlas Elektronik
  • BAE Systems
  • General Dynamics Corporation
  • Lockheed Martin Corporation
  • Teledyne Technologies Incorporated
  • Kongsberg Gruppen
  • Saab AB
  • L3Harris Technologies, Inc.
  • Maritime Robotics AS
  • The Boeing Company
  • ECA Group
  • Elbit Systems Ltd.
Note: Product cover images may vary from those shown
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