Technavio, a tech-focused market research organization, has published a new report on the global unmanned sea system market, which is anticipated to grow at a CAGR of close to 8% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers classify the global unmanned sea system market into the following key regions: the Americas, APAC, and EMEA.
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Unmanned sea systems market in Americas: The growing efforts towards modernization of naval combat capabilities will fuel the evolution of the unmanned sea systems in the American market. The US is making strategic moves to maintain naval bases in various oversea points which will boost the demand for these naval vessels during the forecast period. The ability to remotely monitor these systems with limited human interactions will increase the investments on these vessels in the American market.
According to Moutushi Saha, a lead analyst at Technavio, specializing in research on defense, “It is estimated that around USD 225 million will be invested in unmanned surface and subsurface vehicles over the next few years for conducting mine countermeasures missions. Furthermore, development efforts to increase the performance of these systems will fuel growth in other countries in the region like Canada, Brazil, and Argentina.”
Unmanned sea systems market in EMEA: The increasing efforts towards modernization of defense systems across various countries in the region will help in the development of the EMEA market. Countries like Russia, France, Germany, and the UK will emerge as the highest revenue generators in the region over the next four years. The increasing military spending in the Middle Eastern countries in recent years will also help EMEA maintain its market position during the forecast period.
Unmanned sea systems market in APAC: The growing focus on intensifying maritime defense and surveillance capability in APAC will make it the fastest growing region in the market. China, Japan, Australia, South Korea, and India are increasing investments in submarine technologies to boost the naval forces in the region. The rising development of AUV and sub-madrones for intelligence, surveillance and reconnaissance, and mine mitigation missions will help in the growth of the region.
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The top vendors operating in the global unmanned sea system market are:
- ATLAS ELEKTRONIK
- BAE Systems
- General Dynamics
- Lockheed Martin
- Thales
Other prominent vendors in the market include BaltRobotics, Boston Engineering, GATE Elektronik, Kongsberg Gruppen, Ocean Aero, Saab, and Teledyne Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Unmanned Sea System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Submarine Payload and Launch Systems Market 2016-2020
- Global UAV Market 2016-2020
- Global Naval Vessels MRO Market 2016-2020
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