Unmanned Sea System Market Analysis 2018 by Key Players: Mitsubishi Heavy Industries, Raytheon, BaltRobotics, Bluefin Robotics, Boston Engineering Corporation, Gate Elektronik

Market Overview:
Unmanned sea systems are the remotely controlled or pre-programmed autonomous water vehicles that can mainly be classified into USVs and UUVs. For military applications, navy mainly uses unmanned sea system for underwater mapping missions, surveillance, and are also used as surface targets during naval exercise, or to clear naval mines.

Along with the increase in global conflicts, countries have spent on military expansion and also on procurement of naval vessels including unmanned sea system. Unmanned sea system are of great importance from a strategic and tactical point of view (for naval missions) and has been a crucial component of naval forces around the world. Also, the modern warfare has evolved and is more asymmetric in nature which demands advanced military system for effective defense and surveillance mechanism. Thus, unmanned systems are largely being utilized in the modern tactical missions. Many of today's unmanned sea system are capable of highly-autonomous operation, in which the system itself has the on-board intelligence to make real-time adjustments to the mission parameters, based on new information and/or changing conditions. The market for unmanned sea system is thus expected to grow at a steady rate in the next five years. Demand from major markets, such as the US and Europe, and also from the emerging nations in APAC is expected to contribute to the market growth.

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The Leading Market Players in the global Unmanned Sea System Market primarily include Atlas Elektronik, BAE Systems, General Dynamics, Mitsubishi Heavy Industries, Raytheon, BaltRobotics, Bluefin Robotics, Boston Engineering Corporation, Gate Elektronik, Kongsberg, and Lockheed Martin.

Industry/ Innovation/ Related News:
December, 2017:- Lockheed Martin and Northrop Grumman signed contracts with the US Air Force Research Laboratory (AFRL), to develop a prototype low-cost autonomous cruise missile.
August, 2017:- Lockheed Martin and Raytheon signed contracts with the US Air Force, to work on Long Range Standoff weapon (LRSO), a nuclear-capable cruise missile.

Emerging nations, such as China and India, have increased their defense budgets, and are expanding their naval systems to strengthen their defense capability. A large part of the naval defense budget goes for the purchase and upgrade of military naval system (including unmanned sea system).

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Unmanned Sea System Market – Regional Analysis

Australia is another major market for unmanned sea system. UUVs largely suit the need of Australian Defense Force (ADF), considering the country's vast maritime claim, and long coastline to monitor. Unmanned systems further aid the manned systems, and are considered as key complementary aspect that can address the operational challenges that navies currently face. South Korea, Japan, and Taiwan are the few of the other major markets for unmanned sea system in the APAC region.

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