Market Research Future Insights:
According to MRFR analysis, the global Unmanned Sea System Market is expected to register a CAGR of ~ 6.3% from 2022 to 2030 and hold a value of over USD 15.29.4 Million by 2030. The usage of unmanned systems for intelligence, surveillance, and reconnaissance missions, along with the water bodies of countries, gained standing over the past few years. With the naval forces prioritizing the development and procurement of unmanned systems, the demand for unmanned sea systems is expected to propel the market's growth during the forecast period.
The COVID-19 epidemic moderately impacted the market in focus. Though supply chain matters and interruptions in RD efforts are visible in the Unmanned Sea Systems Market Outlook across the world, no observable impact was noted on the orders placed by numerous militaries globally.
Market Segmentation:
The Global Unmanned Sea System Market has been segmented into Type, Application, and Product Type.
Based on the type, The Global Unmanned Sea System Market has been segmented into remotely operated underwater vehicles (ROV) and autonomous underwater vehicles. The remotely operated vehicle segment holds the uppermost unmanned underwater vehicles market share. The ROVs are generally cast-off for critical missions and are best suited for rough and unpredictable terrains.
Based on the application, The Global Unmanned Sea System Market has been segmented into scientific research, defense, commercial exploration, and miscellaneous. The defense segment holds the highest market share and is projected to be the leading market segment during the forecast period. This growth is due to the growing usage of unmanned underwater vehicles by the defense forces to encounter maritime security threats such as seabed mines, submarine warfare, and anti-ship anti-submarine missiles, and others.
By product type, The Global Unmanned Sea System Market Insights has been segmented into small vehicles, high-capacity electric vehicles, work-class vehicles, and heavy work-class vehicles. The small vehicle segment will witness significant growth during the forecast period owing to augmented use in applications for observations of water column properties, monitoring, and benthic zones. The high-capacity electric vehicles are cast-off for deep-water surveys.
Key Players:
Some of the key market players are Balt Robotics(Poland), Bluefin Robotics(Massachusetts), Boston Engineering Corporation(MA), Gate Elektronik(Yenimahalle), Kongsberg(Norway), Atlas Elektronik(Germany), BAE Systems(U.K.), General Dynamics(U.S.), and Mitsubishi Heavy Industries(Japan) and Raytheon(U.S.).
Regional Analysis:
North America holds the highest revenue share in the global market, and the United States is the largest producer, operator, and exporter of such vehicles worldwide. The increasing use of remotely operated vehicles (ROVs) in commercial and defense sectors is expected to drive the ROVs market's growth in North America.
Asia Pacific is anticipated to witness significant unmanned underwater vehicles market growth during the forecast period. The growth is attributable to the rising investments in the defense sector from several countries such as India, China, Japan, and others. The countries have augmented their defense budgets and procurement of advanced UUVs for nautical operations.
In Europe, the UUV market will witness a moderate growth owing to the existence of key players such as KONGSBERG, Saab AB, and others. The Middle East will witness modest growth during the estimated period. This growth is due to the growing adoption of AUVs and ROVs from several Middle Eastern countries for naval operations.
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