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Unmanned Marine Vehicles Market Key Factors and Emerging Opportunities With Current Trends Analysis 2024: BaltRobotics, Boeing, Deep Ocean Engineering, ECA GROUP, EvoLogics GmbH, General Dynamics Mission Systems

10-16-2019 09:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Stratagem Market Insights

Unmanned Marine Vehicles

Unmanned Marine Vehicles

Unmanned marine vehicles can be defined as robotic systems that can be operated both below and above the water surface without any human operator. These vehicles can range from very small vessels to mid-sized ships or small submarines. They are equipped with several sensors in order to record environment-related data and determine the vehicle course and response. These vehicles are remotely operated and are deployed in areas that are not reachable for humans. The information received by these vehicles is managed centrally.

The unmanned marine vehicle market has witnessed significant growth over the last two decades. These vehicles have a wide range of applications including oceanographic survey, hydrographic survey, environmental monitoring, marine security, underwater photography, marine patrolling, and other applications in sectors such as defense, commercial, and scientific research. In Antarctica, unmanned marine vehicles are used for underwater topographic surveys conducted to collect information about oceans.

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Israel used USVs (unmanned surface vehicles) to patrol its maritime border with the Gaza Strip, while the U.S. Navy would be using USVs to work with the Littoral Combat Ship (LCS). A growing number of nations in Europe are also experimenting with unmanned surface vehicles. Moreover, unmanned marine vehicles can be equipped with echo sounders, cameras, LiDAR, sensors, visual systems, sonars, marine radars, X-band, and other payloads.

According to statistics, there has been a significant increase in search volume of unmanned marine vehicles over the last few years. The number of searches by unmanned surface vehicles increased from 2,064 average searches per month in 2015 to 3,250 average searches per month in 2018, an increase of 64% in three years. This shows the developing interest in unmanned marine vehicles among users, which is anticipated to augment the unmanned marine vehicle market in the near future.

Furthermore, growing number of geoscience applications has become a major trend in the global unmanned marine vehicle market. It is also anticipated to create new opportunities for the global market during the forecast period. Unmanned underwater vehicles (UUVs) are being deployed in a wide variety of marine geoscience studies, primarily focused on seafloor mapping, but, more recently, expanding in oceanographic measurements and some other geochemical processes. Also, hydrographic surveying companies are deploying a large number of USVs for their surveys. This is projected to fuel the global unmanned marine vehicle market from 2018 to 2024.

On the other hand, the remote control range of underwater vehicles is limited and their manufacturing and maintenance costs are relatively high. These are certain drawbacks in the design of unmanned marine vehicles. These factors are likely to hamper the global unmanned marine vehicle market during the forecast period.

With the objective of business expansion, several players are expanding their offerings through strategic mergers and acquisitions as well as partnerships. Some of the prominent players operating in the global unmanned marine vehicle market are BaltRobotics, Boeing, Deep Ocean Engineering, ECA GROUP, EvoLogics GmbH, General Dynamics Mission Systems, Inc., L3 ASV, Oceanalpha Co., Ltd., Subsea Tech, and Teledyne Marine.

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Reasons to Purchase this Report:

* Estimates 2019-2024 Unmanned Marine Vehicles (UMV) market development trends with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.

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About SMI:
Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with an cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide. Our reports cover various end-use industries such as Aerospace and Defense, Agriculture, Food and Beverages, Automotive, Chemicals and Materials, Consumer Goods and Retail, Electronics, Energy, Mining, and Utilities, Pharmaceuticals, Manufacturing and Construction, Services, and Healthcare, and ICT.

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