At 8.50% CAGR, Global Unmanned Marine Vehicles Market Share & Size to Surpass US$ 6.89 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC
Global Unmanned Marine Vehicles Market Overview (2022-2027) • Historical Market Size (2021): US$ 3.51 Billion • Forecast CAGR (2022-2027):11.30% • Forecast Market Size (2027): US$ 6.89 Billion
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Unmanned marine vehicles Market ?
Unmanned marine vehicles (UMVs) represent robotic vessel systems that can be operated above and below the water surface automatically or remotely without any human intervention. They consist of unmanned surface craft, semi-submersibles, and remotely operated and autonomous underwater vehicles as some standard vessel types.
Unmanned marine vehicles can range from small vessels to mid-sized ships. They are used with numerous sensors that aid in acquiring and recording environment-related data of nearby areas and assessing vehicle response or course.
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These vehicles also help in improving marine animal monitoring, performing risky military-related tasks automatically, offering safety, minimizing survey duration at minimal operational costs, etc. In line with this, UMVs are stable and maneuverable. Consequently, they are extensively utilized in oceanographic or hydrographic data collection, deep-sea mining, and anti-submarine warfare (ASW) applications.
What are the major market drivers in the Unmanned marine vehicles Market ?
The expanding navy and defense department of the military sector and the increasing requirement for autonomous underwater and remotely operated vehicles in intelligence, surveillance and reconnaissance (ISR) operations are primarily augmenting the unmanned marine vehicles market.
Furthermore, the rising investments by government bodies in defense forces to deal with maritime-security threats, including torpedo dangers, underwater mines, diesel-electric submarine attacks, short-range anti-ship missiles, etc., are positively influencing the global market.
Apart from this, the widespread adoption of autonomous marine vehicles in hydrographic surveys to produce navigational charts for safer transit of vessels and understand the freshwater environment for port and harbor development is acting as another significant growth-inducing factor.
Moreover, the introduction of robotic platforms by key market players to neutralize potential underwater threats is expected to fuel the unmanned marine vehicles market in the coming years.
Breakup by Type:
Surface Vehicle
Underwater Vehicle
Breakup by Control Type:
Remotely Operated
Autonomous
Breakup by Application:
Defense
Research
Commercial
Others
Based on the Application sector, the report finds that the utility sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
Regional Insights:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
List of Major Key Players:
The major players in the market Atlas Elektronik GmbH (ThyssenKrupp AG), Fugro, General Dynamics Mission Systems Inc. (General Dynamics Corporation), Kongsberg Gruppen, L3harris Technologies Inc., Lockheed Martin Corporation, QinetiQ, Rafael Advanced Defense Systems Ltd., Saab AB, Teledyne Technologies Inc., Textron Inc. and The Boeing Company.
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