Market Overview

The unmanned marine vehicles market is expected to register a CAGR of 11.7% during the forecast period 2019 - 2024. With the rapid development in technology, acoustic sensors for high underwater navigation is in trend, where aim is to to reduce the cost and latency of current underwater navigation systems that typically employ high-accuracy.

• Oceanic surveillance for defense purposes is driving the market as unmanned marine vehicle offer greater capacity for surveillance, identification and interception compared to traditional systems. It can be equipped with stabilized weapons systems, with surveillance systems and electro-optical tracking systems capable of monitoring both day and night by using infrared vision.
• Increased usage of unmanned marine vehicles for underwater mapping particularly for marine geoscience studies is expected to drive the growth of the market. More emphasis in the future will be directed toward documenting the various different stable states of Earth's systems, discovering what events trigger evolution from one stable state to another, and identifying the linkages between the states of very different systems like climate and tectonics activity, which will drive the need of unmanned marine vehicles.
• High cost for the equipment is restraining the market. Initial large capital expenditure in the technology, especially in the early stages of its development and lack of proper maintenance is challenging the market growth.

Scope of the Report

The unmanned marine vehicles market include autonomous underwater vehicles, remotely operated vehicles, semi-submersibles and unmanned surface craft. The defense sector is increasingly adopting in addition to commercial sectors in order to map and monitor the conditions of sea or ocean as well as explore various oil & gas sites.

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Key Market Trends

Defense Industry is Expected to Grow Significantly in Market

• The major defense forces across the globe are experiencing maritime security threats such as torpedo threats, underwater mines, diesel-electric submarine attacks, and short-range anti-ship missiles, which is driving the market by gearing more of its investments toward autonomous, robotic platforms that operate at sea and depths well below the surface. 
• In October 2018, General Dynamics Mission Systems released the new Bluefin-9 autonomous UUV at Oceans 2018 in Charleston, SC. The completely reengineered vehicle combines high navigational accuracy, outstanding sonar resolution, and precision manufacturing to deliver it to defense sector. It stores high-definition images, video and sonar data that can be accessed within minutes of the vehicle’s recovery and can be helpful to detect the suspicious threat.
• Lockheed Martin, an aerospace and defense company has been developing and building small A-size autonomous underwater vehicles (AUVs) for over 35 years. EMATT allows combined training of submarine, aircraft, & ship crews in search, detection & tracking of submarines. The target can be launched from surface ships and offers advanced ASW training capability with minimal maintenance, training, and logistics in high or low sea-states.
• Japan’s Defense Ministry are investing in maritime force after ground force expenditure and new unmanned undersea vehicle will be part of Japan’s next five-year defense plan. They plan to design and construct large unmanned undersea vehicles of 10 meters long, capable of persistent, long-range surveillance to monitor its remote islands where undersea vehicles could monitor far-flung areas like the Senkakus without Japan having to commit manned vessels or submarines unless they detect a threat, which will grow the market in future.

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