Unmanned Sea System Market Set for Big Growth with Raytheon, Bae Systems, And Atlas Elektronik - Foresight by 2023

The unmanned sea system market is segmented into unmanned underwater vehicles (UUV) and unmanned surface vehicles (USV). The USVs operate on the water surface without a crew, whereas, UUVs operate under the water and perform various functions, including communication with other submerged platforms. The unmanned sea vehicles’ sales are expected to increase from just over USD 400 million in 2016 to over USD 845 million by 2023. The revenue of USVs during 2016-2023 is expected to reach over USD 6 billion. Various suppliers are offering products across the military and civil markets, along with the latest modular system designs, to integrate surface and underwater system solutions.

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The major companies operating in the market are:

RAYTHEON, BAE SYSTEMS, and ATLAS ELEKTRONIK amongst others.

The development of autonomous technologies in unmanned sea systems are driving the market

Unmanned sea system is a crucial component for naval operations, as it provides a great strategic and tactical advantage to operators. Contemporary UUVs and USVs are capable of operating autonomously, with minimum interference from human controllers, which gives the naval forces greater reach and operational capability. The autonomous capabilities of UUVs and USVs, like wireless underwater charging, are the major drivers for the market. Thus, autonomous sea systems are poised to record the highest growth rate during the forecast period. The unmanned sea system market has also benefitted from commercial off-the-shelf components (COTS), which reduce the development time and cost and enable system reuse.

Recent Developments:

December, 2017: Sea Machines Robotics has developed an unmanned surface vehicle named Sea Machines 300, an Autonomous Control System for commercial marine vessels. Sea Machines 300 is the world’s first industrial-grade control system that is standardized for work boats. The control system provides enhances vessel operations by enabling remote and autonomous control of conventional boats.

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North America emerged as the largest market for Unmanned Sea systems

The North American region has the latest unmanned sea systems, due to which North America holds the first position, as compared to other regions in terms of size of the market. In addition, Asia-Pacific is expected to record the fastest growth during the forecast period. The growth in Asia-Pacific is expected to be primarily propelled by the need to counter the growing threat and dominance of China and North Korea. China has been staking new boundary claims, which have encroached on the territorial claims of countries, such as Japan, India, Philippines, Vietnam, and Indonesia. Of late, Japan and India have started building state-of-the-art military and naval assets, thereby driving the unmanned sea system market.

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