Unmanned Sea System Market

Unmanned sea system plays a vital role in maritime surveillance and helps naval agencies to intercept piracy, illegal immigration, smuggling, and overcome challenges related to fisheries protection, exclusive economic zone(EEZ) patrol, and national defence. Unmanned sea system works with negligible or no support of human interaction and are capable to work at longer durations and at challenging environment with remote recharging capabilities. The major objective of unmanned sea systems is to provide maritime surveillance. Moreover, unmanned sea systems are comparatively cheaper to operate then conventional manned patrol vessels.

COVID-19 scenario analysis

Stringent lockdown implemented globally due to the outbreak of the COVID-19 pandemic adversely affected the revenue of service providers associated with the unmanned sea system market.

Payload suppliers and distributors of the unmanned sea system market experienced delay in scheduled deliveries, owing to the limited manufacturing and lesser availability of staff during the COVID-19 pandemic.

Negative business growth was observed by the unmanned sea system market due to decline in demand for maritime intelligence, surveillance, and reconnaissance (ISR) activities during the pandemic.

Governments around the world have reduced their defense budget to focus on healthcare systems, which affect the growth prospects of the unmanned sea systems market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Evolution of autonomous technologies, increase in commercial off-the-shelf components (COTS), and rise in demand of stealth platforms are the factors that drive the unmanned sea system market. However, challenges faced by unmanned sea systems in operational and design aspects restrict the market growth. Contrarily, increase in investment within defence sector and escalation in demand of maritime surveillance capabilities present new scope for the industry.

The unmanned sea system market trends are as follows:

Evolution of autonomous technologies 

Transformation of technology yields the means to support the advanced requirements of the unmanned sea systems. Moreover, autonomous capabilities such as underwater wireless charging provides USVs and UUVs act as a driver for the market growth. For instance, WiBotic provides intelligent battery and wireless underwater power solutions. EELUME AUV offered by Kongsberg Maritime can be deployed on a permanent basis operating at seabed, as it exhibits underwater charging capability. Hence, continuous improvements in autonomous technologies globally to increase the productivity of unmanned vehicles is anticipated to propel the demand for unmanned sea system market.

Rise in demand of stealth platforms 

Stealth platforms provide the defence agencies to monitor and retaliate enemy forces without being detected. The capability of stealth platforms to operate without getting detected provides defence agencies increased surveillance capacity in the remote areas. For instance, in December 2020, the U.S. Navy secured $34 million deal with L3Harris Technologies for the procurement of medium unmanned surface vessels (MUSV). The navy wants 40 MUSVs to be built with 500 tons of displacement and length of 45 to 190 feet. Rise in demand for stealth platforms is expected to boost the growth of the unmanned sea systems market.

Key benefits of the report

• This study presents the analytical depiction of the unmanned sea system industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the unmanned sea system market share.
• The current market is quantitatively analyzed to highlight the unmanned sea system market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed unmanned sea system market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the unmanned sea system market research report:

• Which are the leading players active in the unmanned sea system market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Unmanned Sea System Market Report Highlights