This market research report covers the present scenario and growth prospects of the global unmanned sea system market for the period of 2016 to 2020. It provides a comprehensive overview of the market and the growth prospects by region (Americas, APAC, and EMEA). It also presents a corresponding analysis of the prominent vendors in the market, including Atlas, Elektronik, BAE, General Dynamics, Mitsubishi, and Raytheon.
Technavio has released its new market research report, global unmanned sea system market, which is expected to grow at a CAGR of 6% between 2016 and 2020. Some major factors driving the growth of this market are the rising demand for advanced autonomous sea systems, augmented spending on military expansion and the increasing procurement of unmanned naval vessels by governments across the globe. The Americas is the largest market for unmanned sea systems, accounting for 35% of the overall market share. Much of this region’s growth can be attributed to factors like the augmented procurement of unmanned sea systems by the US Navy and the increased spending on unmanned sea systems by agencies like DARPA.
“The growing use of commercial off-the-shelf (COTS) component is gaining momentum in the market, and is expected to boost its growth during the forecast period. The COTS component enables system reuse and reduces the time and cost required for developing unmanned sea systems. The ability of COTS components to provide a clear roadmap for the minimization of investment risks and the development of a product is expected to result in market growth during the forecast period,” Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
The modern unmanned sea systems are capable of performing highly autonomous operations. They can make real-time decisions and navigate to a specific location as per mission parameters through advanced onboard electronics. Of late, the unmanned sea systems are being designed for extended mission capabilities and continuous surveillance of targets.
The leading vendors in the global unmanned sea system market include Atlas, Elektronik, BAE, General Dynamics, Mitsubishi, and Raytheon. This market is extremely competitive, where the vendors compete on the basis of product capability, design, and technology to gain maximum market prominence during the forecast period. The vendors that have the ability to produce highly capable and efficient unmanned sea systems at competitive costs are envisaged to gain a competitive edge over their rivals.
A more detailed analysis is available in the Technavio report, Global Unmanned Sea System Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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- Global Offshore Patrol Vessel Market 2015-2019
- Global Military Communication Market: Forecast and Research Analysis 2015-2019
- Global Electric Unmanned Aerial Vehicles Market 2014-2018
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