Unmanned Marine Vehicles Market
Global Unmanned Marine Vehicles Market Size, Share & Trends Analysis Report by Type (Surface Vehicle, and Underwater Vehicle), by Control Type (Remotely Operated, and Autonomous), and by Application (Defense, Commercial, and Research) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global unmanned marine vehicles market is anticipated to grow at a significant CAGR of 12.1% during the forecast period. One of the core factors driving the market is its high application in oceanic surveillance. This has been driving the market for defense and security as unmanned marine vehicles, as it provides greater capacity for identification, surveillance, and interception than traditional systems. These vehicles can be equipped with stabilized surveillance systems, weapons systems, and electro-optical tracking systems which are capable of monitoring night and day via using infrared vision.
Impact of COVID-19 Pandemic on Global Unmanned Marine Vehicles Market
The COVID-19 pandemic had significantly impacted most industries owing to the nationwide lockdowns across the globe in most countries. The lockdown had restricted most of the production work which dented the industries including the unmanned marine vehicle industry. This led the governments to a huge economic crisis, which resulted in the cutting budget of the defense sector of most nations, further declining the demand for UMVs. As per the 2020 annual report of Teledyne Marine Group, sales of marine instrumentation decreased by $23.9 million. To respond to the impact of COVID-19, in 2020 the company reduced the headcount by 9.8% across various businesses, reducing its exposure to weak end markets. Furthermore, the Company paid $29.0 million, $484.0 million, and $3.1 million on acquisitions with other investments, net of cash acquired in 2020, 2019, and 2018, respectively. However, as the situation got normal, the tension between the countries such as India, Pakistan, China, Russia, the USA, and others increased which boosted the demand for UMVs in the global market.
Segmental Outlook
The global unmanned marine vehicles market is segmented based on type, control type, and application. Based on the type, the market is segmented into surface vehicles and underwater vehicles. Based on the control type, the market is sub-segmented into remotely operated, and autonomous. Based on the application, the market is sub-segmented into defense, commercial, and research. The above-mentioned segments can be customized as per the requirements. Among the control type, a remotely operated segment is anticipated to dominate during the forecast period, owing to the rising utilization and dependency on advanced technologies for remote monitoring and tracking of activities.
Global Unmanned Marine Vehicles Market Share by Application, 2021 (%)
The Defence Segment Anticipated to Hold the Prominent Share in the Global Unmanned Marine Vehicles Market
The defense segment is anticipated to hold a prominent share in the market during the forecast period. One of the major factors that are fueling the market is the growing tensions between the countries in recent years which has increased the demand for the UMVs in the defense sector for surveillance, maritime security, anti-submarine warfare, electronic warfare, and maritime interdiction operation support, among others. For instance, in August 2020, the US Navy granted L3Harris Technologies a contract for the Medium Unmanned Surface Vehicle (MUSV) program. The contract was the US Navy's first UMV program to support its Distributed Maritime Operations plan.
Regional Outlooks
The global unmanned marine vehicles market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is anticipated to hold the prominent share in the market while the Asia-Pacific is anticipated to grow significantly during the forecast period.
Global Unmanned Marine Vehicles Market Growth, by Region 2022-2028
The North America Region Anticipated to Hold the Prominent Share in the Global Unmanned Marine Vehicles Market
North America is anticipated to hold a prominent share in the market during the forecast period owing to the existing investment in innovation, and R&D activities by the government, private sector, and academia on an exploration of technology related to marine systems. In 2020, The National Oceanic and Atmospheric Administration (NOAA) Research office and the Office of Naval Research (ONR) conduct a lot of research in the field. The development of unmanned marine vehicles has been led by the ONR such as the mine-detecting unmanned influence sweep system (UISS), which can be carried by a common unmanned surface vehicle (CUSV) made by Textron Systems Corp. Moreover, increased defense-related expenditure and increasing geopolitical tensions with other nations are expected to drive the demand for the UMVs market in the region. For instance, in February 2022, the US Navy proposed an FY2022 budget requesting $434.1 million in R&D funding for three types of large unmanned vehicles (UVs) called Large Unmanned Surface Vehicles (LUSVs), Medium Unmanned Surface Vehicles (MUSVs), and Extra-Large Unmanned underwater Vehicles (XLUUVs) and their enabling technologies.
Market Players Outlook
The major companies serving the global unmanned marine vehicles market include ATLAS ELEKTRONIK GmbH, General Dynamics Corp., Liquid Robotics (A Boeing Company), Rafael Advanced Defense Systems Ltd., SeaRobotics Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, Teledyne Marine and Seatronics partnered to raise the supply of Bowtech underwater lights, cameras, and underwater strobes range in the Americas, Europe, and the Asia-Pacific.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global unmanned marine vehicles market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Unmanned Marine Vehicles Market
• Recovery Scenario of Global Unmanned Marine Vehicles Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ATLAS ELEKTRONIK GmbH
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. General Dynamics Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Liquid Robotics (A Boeing Co.)
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Rafael Advanced Defense Systems Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. SeaRobotics Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Unmanned Marine Vehicles Market by Type
4.1.1. Surface Vehicle
4.1.2. Underwater Vehicle
4.2. Global Unmanned Marine Vehicles Market by Control type
4.2.1. Remotely Operated
4.2.2. Autonomous
4.3. Global Unmanned Marine Vehicles Market by Application
4.3.1. Defense
4.3.2. Commercial
4.3.3. Research
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. BAE Systems plc.
6.2. ECA Group
6.3. L3Harris Technologies, Inc.
6.4. Northrop Grumman Systems Corp.
6.5. Ocean Aero Inc.
6.6. Pelorus Technologies
6.7. QinetiQ Maritime Autonomy Centre (QMAC)
6.8. Teledyne Marine Group
6.9. Textron Systems Corp.
6.10. THALES
1. GLOBAL UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL UNMANNED MARINE SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL UNMANNED MARINE UNDERWATER VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY CONTROL TYPE, 2021-2028 ($ MILLION)
5. GLOBAL REMOTELY OPERATED UNMANNED MARINE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL AUTONOMOUS UNMANNED MARINE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL UNMANNED MARINE VEHICLES FOR DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL UNMANNED MARINE VEHICLES FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL UNMANNED MARINE VEHICLES FOR RESEARCH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY CONTROL TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY CONTROL TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY CONTROL TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. REST OF THE WORLD UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY CONTROL TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD UNMANNED MARINE VEHICLES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL UNMANNED MARINE VEHICLES MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL UNMANNED MARINE VEHICLES MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL UNMANNED MARINE VEHICLES MARKET, 2022-2028 (%)
4. GLOBAL UNMANNED MARINE VEHICLES MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL UNMANNED MARINE SURFACE VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL UNMANNED MARINE UNDERWATER VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL UNMANNED MARINE VEHICLES MARKET SHARE BY CONTROL TYPE, 2021 VS 2028 (%)
8. GLOBAL REMOTELY OPERATED UNMANNED MARINE VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL AUTONOMOUS UNMANNED MARINE VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL UNMANNED MARINE VEHICLES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
11. GLOBAL UNMANNED MARINE VEHICLES FOR DEFENSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL UNMANNED MARINE VEHICLES FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL UNMANNED MARINE VEHICLES FOR RESEARCH MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL UNMANNED MARINE VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
17. UK UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD UNMANNED MARINE VEHICLES MARKET SIZE, 2021-2028 ($ MILLION)
