Unmanned Sea Systems Market - Growth, Trends, and Forecasts (2020 - 2025)

The Unmanned Sea Systems Market is Segmented by Type (Unmanned Underwater Vehicles (UUV), Unmanned Surface Vehicles (USV)), Capability (Remotely Operated Vehicle, Autonomous Vehicle), and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

10 %

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Market Overview

The unmanned sea systems market is anticipated to register a CAGR of over 10% during the forecast period.

  • The use of unmanned systems for intelligence, surveillance, and reconnaissance missions, along with the water bodies of countries, has gained importance over the past few years. With the 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 may also fuel the growth of the market.
  • The increasing investments in 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.

Type
Unmanned Underwater Vehicles (UUV)
Unmanned Surface Vehicles (USV)
Capability
Remotely Operated Vehicle
Autonomous Vehicle
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of World

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Key Market Trends

The Autonomous Vehicle Segment to Experience the Highest Growth

The autonomous vehicle segment of the market is expected to register the highest CAGR during the forecast period. Currently, there is a substantial investment in the development of new autonomous vehicles, and also to convert the existing remotely controlled vehicles into autonomous vehicles, to minimize human interference and increase the efficiency of the vehicles. For instance, in July 2019, the US Navy (USN) initiated the development of a decision support aid for the 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 this market segment during the forecast period.

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North America Region is Expected to Generate the Highest Demand

The North American region is expected to generate the highest demand for unmanned sea systems during the forecast period. The majority of the 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 in unmanned sea systems, after it 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. Also, the Navy is working with defense companies, like Lockheed Martin and Boeing, to manufacture and deploy Extra Large Unmanned Undersea Vehicles (XLUUVs).

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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 United States 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 startups by the major defense companies, are expected to increase the market consolidation in the coming years.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Unmanned Underwater Vehicles (UUV)

      2. 5.1.2 Unmanned Surface Vehicles (USV)

    2. 5.2 Capability

      1. 5.2.1 Remotely Operated Vehicle

      2. 5.2.2 Autonomous Vehicle

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 ATLAS ELEKTRONIK GmbH

      2. 6.2.2 BAE Systems plc

      3. 6.2.3 General Dynamics Corporation

      4. 6.2.4 Lockheed Martin Corporation

      5. 6.2.5 Teledyne Technologies Incorporated

      6. 6.2.6 Kongsberg Gruppen AS

      7. 6.2.7 Saab AB

      8. 6.2.8 L3Harris Technologies Inc.

      9. 6.2.9 Maritime Robotics AS

      10. 6.2.10 The Boeing Company

      11. 6.2.11 ECA SA

      12. 6.2.12 Elbit Systems Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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