As several countries are striving to gain more control over maritime trade routes and maritime assets such as underwater oil reserves and other offshore resources, traditional geo-political disputes are gradually aggravating. Following these disputes, the demand for constant and efficient maritime surveillance are being emphasized upon by all countries. One of the major prevailing disputes is China’s conflict with its neighbors in the South China Sea and Pacific Ocean, which is driving the demand for underwater systems in the South East Asian region, particularly in building naval strengths to counter both surface and underwater threats from enemies. Major navies in the region, especially China and India are emphasizing on development of submarines, however, the demand for unmanned vehicles are also gaining momentum substantially in order to effectively monitor illegal access in the maritime boundaries of these countries. Countries such as South Korea, Pakistan, and Taiwan are also expected to invest large sums in the domain over the forecast period, due to territorial conflicts and recently developed indigenous capabilities. Subsequently, driving the growth for unmanned underwater vehicle & unmanned surface vehicle market in the coming years.
With the growth of coastal developments, the maritime domain is increasingly becoming congested, fuelled by both state and non-state actors using the sea for various activities. This warrants a heightened emphasis on maritime surveillance and protection. As a result, demand is for modern assets, such as unmanned vehicles which can be deployed to reduce human life risks and mitigate enemy contact by moving into other domains, is increasing. Moreover, the surging application of digital connectivity also acts as a major factor for growth of the unmanned oceanic systems. Connectivity plays a paramount role for the modern networked sea and sub-sea forces, as the value of every sensor and effector is determined by the degree of its integration in the overall C4ISR chain. Major countries in the Defense sectors are substantially investing in the development of connect subsea-based sensors, submerged platforms, and surface assets with air systems and space-based assets as well as cyber operations. As this factor is anticipated to trigger more expanding operations of unmanned assets in order to counter any potential adversary threat. Thus, the continuous investment towards development of deep sea exploration technologies is expected to provide numerous profitable opportunities for the unmanned underwater vehicle & unmanned surface vehicle market players in the coming years.
In the global unmanned underwater vehicle & unmanned surface vehicle market for the electric segment by driving mechanism, the electric powered UUVs and USVs are those autonomous marine drones that changes its buoyancy for up and down movement similar to profiling float. These buoyancy changes facilitate in generating electricity which in turn recharges batteries, thereby propelling the vehicle to operate for longer time period. This is a major benefit of electric powered UUV and USV, and this factor is increasing the interest among the end users to adopt the technology, helping the market to surge. However, the cost of the vehicles is restraining the market to grow in comparison to others. Attributing to the above-mentioned factors, the electric powered UUVs and USVs segment in unmanned underwater vehicles & unmanned surface vehicles market is anticipated to grow at a CAGR of 6.5% during the forecast period from 2018 to 2025. Thus, the electrically driven unmanned underwater vehicle & unmanned surface vehicle market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.
For the global unmanned underwater vehicle & unmanned surface vehicle market by shelf analytics, the unmanned underwater vehicles & unmanned surface vehicles are being increasingly adopted by Defense across the globe. As the environment in which naval forces and coast guard forces operates are mostly complex thereby, demanding more modern technologies. There is a need to keep track on friendly and enemy forces operating undersea, the unmanned underwater vehicles & unmanned surface vehicles are being deployed. In addition, there is an increase in the demand for surface vehicle for observing & monitoring purposes of the activities on the sea surface. Moreover, the Defense forces across the globe are increasingly deploying unmanned vehicles on and undersea to prevent any illicit activities as they face a huge challenge in manned surveillance round the clock. The unmanned systems minimize these challenges as these vehicles are capable of operating for longer time periods with or without human interference from ground stations. Furthermore, these unmanned systems are integrated with various sensors, cameras, sonar and other advanced technologies which facilitates the naval forces to gather maximum information without involving human force. The defense based unmanned underwater vehicle & unmanned surface vehicle market is expected to grow at a CAGR of 6.8% during the forecast period.
Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global unmanned underwater vehicle & unmanned surface vehicle market. Few of the recent strategies by some of the players’ operating in the unmanned underwater vehicle & unmanned surface vehicle market landscape are listed below:
2018: Teledyne Gavia, manufacturer of Gavia Autonomous Underwater Vehicle has launched new navigation module by combining iXblue’s new Phins Compact C3 with a Teledyne RDI 1200 kHz Workhorse. This enables geophysical surveys, environmental surveys, and under ice surveys, among others.
2017: Hydroid, Inc. a subsidiary of Kongsberg Maritime has launched next generation REMUS 100 autonomous underwater vehicle (AUV). It provides flexible navigation suite with an exclusive open architecture platform for advanced autonomy.
The regional trends and factors influencing the Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2017 | US$ 991.2 Million |
| Market Size by 2025 | US$ 1,482.6 Million |
| Global CAGR (2017 - 2025) | 5.4% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2025 |
| Segments Covered |
By Driving Mechanisms
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| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Unmanned Underwater Vehicle & Unmanned Surface Vehicle Market