Pune, India -- (SBWIRE) -- 04/10/2018 -- Unmanned Sea System Market - Overview:

In recent years, the unmanned sea system has become more advanced in terms of technology and operational capability. The traditional unmanned sea system were mostly remote controlled system, which were either pre-programmed to follow only some basic mission parameters or completely controlled by a human operator. In contrast, the modern unmanned sea system are capable of highly-autonomous operation. In many cases, the system consists of advanced on-board electronics to make real-time decisions and navigation as per mission parameters. The systems are also capable of controling and operating autonomously as per the changing conditions during real-time mission situations. Also, the increased electronics computing and communications capabilities have led to more sophisticated control.

Furthermore, as the unmanned system do not have human on-board, they are not hindered by the physiological limitations of human operator, to operate in challenging environments. As a result, unmanned sea system are being designed for highly autonomous, extended mission capabilities, where these systems can operate for a longer period, and enable continuous surveillance or monitoring of targets. Thus, there has been a growing demand for unmanned sea system that can operate autonomously based on pre-programmed navigation plans and less interference or control from human operator.
The global unmanned sea system market will grow at a CAGR of more than 7% during 2017-2023.

Major Key Players

The Leading Market Players in the global Unmanned Sea System Market primarily include Atlas Elektronik, BAE Systems, General Dynamics, Mitsubishi Heavy Industries, Raytheon, BaltRobotics, Bluefin Robotics, Boston Engineering Corporation, Gate Elektronik, Kongsberg, and Lockheed Martin.

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Industry/ Innovation/ Related News:
December, 2017:- Lockheed Martin and Northrop Grumman signed contracts with the US Air Force Research Laboratory (AFRL), to develop a prototype low-cost autonomous cruise missile.
August, 2017:- Lockheed Martin and Raytheon signed contracts with the US Air Force, to work on Long Range Standoff weapon (LRSO), a nuclear-capable cruise missile.

Regional Analysis

Emerging nations, such as China and India, have increased their defense budgets, and are expanding their naval systems to strengthen their defense capability. A large part of the naval defense budget goes for the purchase and upgrade of military naval system (including unmanned sea system).

Although the North American and Europe regions have much larger markets for the unmanned sea systems at present, some factors such as the defense budget cuts in the U.S. and the economic slowdown in some European countries, can affect the market growth. Concurrently, the increasing military expenses in the Middle East and Asia Pacific regions have led to a gradual change in the market dynamics. It has been estimated that the emerging economies such as India, Brazil, and China can serve as a much attractive market opportunity for the unmanned sea systems.

According to research from University of California, Berkeley, armed conflicts could further increase by 50% worldwide in the coming decades. Increased tension and territorial disputes at international waters such as South China Sea, East China Sea, and Indian Ocean, have also led to the increased deployment of naval forces in those regions.

In South China Sea, there is an increased risk of conflict involving China, Taiwan, Vietnam, Malaysia, Brunei and the Philippines, regarding the territorial and jurisdictional claims. Amid such tensions, China is building naval bases and has deployed many of its naval vessels in the region. Along with the rise in conflict and regional tensions, the need for deployment of naval vessels (including unmanned sea system) also increases.

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Intended Audience

- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities

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