Unmanned Sea System Market Share, Industry Trends, Supply Demand, Forecast and Revenue to 2021

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.

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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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.

Unmanned Sea System Market – Competitive Analysis
The global unmanned sea system market is highly competitive. There is intense competition among existing vendors in terms of unmanned sea system product capability, design, technology, and to win major military deals and projects in various emerging and established markets. It is crucial for vendors to develop highly capable and efficient unmanned sea system at competitive costs to survive and succeed in such an intensely competitive environment. It is also very crucial for vendors to become involved in major naval projects, as most of the big budget projects come through countries' procurement of systems for naval forces.

At present, only a few of the major vendors dominate the unmanned sea system market. However, along with the shift in market dynamics from developed to emerging nations and change in nature of military procurement (amid defense budget cuts), the leading vendors will find themselves in an uncertain position in the value chain. Thus, it is highly imperative for the vendors to adjust their market presence and outlook as per the evolving demand in the market. For example, the uncertain procurement of unmanned sea system amid economic downturn in Europe and defense budget cut in the US, can lead to intense market pressure for the unmanned sea system manufacturers.

The market report for Unmanned Sea System of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.

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Unmanned Sea System Market – Regional Analysis

Emerging nations in Asia, such as China and India, are driving the unmanned sea system market with their increasing defense budgets to strengthen maritime defense and surveillance capability. China has the largest naval power in the region, followed by India. China has undergone significant naval force modernization and restructuring to deal with potential threats and enhance its defense capabilities. The country's military spending increased by 175% between 2003 and 2012, the largest increase for the period among the top 15 countries worldwide.
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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