Unmanned Marine Vehicles Market Top Competitors are Ocean Aero, Inc.; Kongsberg Group; BAE Systems; EchoBlue Ltd; Atlas Elektronik; General Dynamics Corporation; L3 ASV; Rafael Advanced Defense Systems Ltd and Many More

Global Unmanned Marine Vehicles Market is expected to register a substantial CAGR of 8.08% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the rising levels of expenditure and investments provided by various governments & private organisations for the advancement of products along with a rise in threats from coastal areas.

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Global Unmanned Marine Vehicles Market By Type (Surface, Underwater), Control Type (Remotely Operated, Autonomous), Application (Oceanographic Survey, Hydrographic Survey, Environmental Monitoring, Marine Security & Defense, Marine Patrolling, Offshore Mining, Others), End-Users (Defense & Homeland Security, Research, Commercial, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Key Developments in the Market:

• In September 2018, L3 Technologies, Inc. announced that they had acquired ASV Global, LLC. This acquisition will significantly expand their unmanned marine solutions & capabilities, which include anti-submarine warfare, surface combatant unmanned off-board sensors, also integrated unmanned surface and undersea vessel. The integrated operations will form a new company known as “L3 ASV”.
• In April 2018, BAE Systems announced that they are investing 10 million pounds for the upgradation of their Maritime Integration & Support Centre (MISC) situated in Portsmouth, England. The facility provides support to the “Royal Navy” warships along with focusing on research and advancement of technologies. This investment will further advance the development of technologies such as information & electronic warfare, artificial intelligence, unmanned vehicles and new weapons.

Global Unmanned Marine Vehicles Market Major Competitors/Players:

Few of the major competitors currently working in the global unmanned marine vehicles market are:-

• Ocean Aero, Inc.;
• Kongsberg Group;
• BAE Systems;
• EchoBlue Ltd;
• Atlas Elektronik;
• General Dynamics Corporation;
• L3 ASV;
• Rafael Advanced Defense Systems Ltd.;
• SeaRobotics Corporation;
• ECA GROUP;
• Textron Inc.;
BaltRobotics; Teledyne Technologies Incorporated; Boeing; Deep Ocean Engineering; EvoLogics GmbH; Lockheed Martin Corporation; Subsea Tech; OceanAlpha; QinetiQ; Northrop Grumman Corporation; Saab AB; Oregon Iron Works, Inc.; Fugro; BIRNS, Inc.; SUBSEA 7 and International Submarine Engineering Limited.

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Unmanned marine vehicles are autonomous robots that are designed to be operated either underwater or on its surface without the need of any human intervention, although another variant of these vehicles are remotely operated by a human. The size of these vehicles depends on their usage and deployment; mostly designed for surveillance purposes and are therefore equipped with sensors, cameras so that the recorded data can be monitored by an individual.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

Market Drivers:

Rapid rise in the demand for surveillance equipments and instruments amid a growth of oceanic surveillance for defense applications; this factor is expected to drive the growth of the market
Rising levels of applications along with enhanced capabilities for scientific research and border surveillance; this factor is expected to drive the growth of the market

Increased usage of unmanned marine vehicles for underwater mapping particularly for marine geoscience studies is expected to drive the growth of the market

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