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Global Unmanned Sea System Market Expected to Result in This Markets Impressive CAGR of More Than 6% by 2020

ResearchMoz added Latest Research Report titled " Global Unmanned Sea System Market 2016-2020: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.


Albany, NY -- (SBWIRE) -- 06/03/2016 -- Technavios market research analyst estimates the growing demand for advanced autonomous sea systems to result in market growth during the period of 2016 to 2020. The augmented spending on military expansion and the increasing procurement of unmanned naval vessels by governments across the globe are expected to result in this markets impressive CAGR of more than 6% by 2020.

This market research report estimates eminent factors, such as the growing use of COTS component, to drive market 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.

Geographical segmentation of the unmanned sea system market
- Americas

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In this market study, analysts estimate the Americas to be the largest market for unmanned sea systems during the forecast period. 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 are examples of some growth-promoting factors, which results in this regions high market share of nearly 39% by 2019.

Competitive landscape and key vendors -

This market is extremely competitive and is characterized by the presence of large vendors like Atlas, Elektronik and BAE Systems. The vendors in this market 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.

The top five leading vendors of the market include -
- Atlas Elektronik
- BAE Systems
- General Dynamics
- Mitsubishi Heavy Industries
- Raytheon

The other prominent vendors analyzed in this market study are BaltRobotics, Bluefin Robotics, Boston Engineering Corporation, Gate Elektronik, Kongsberg, Lockheed Martin, Ocean Aero, Palmarii Dynamics, Saab, and Teledyne Technologies.

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Key questions answered in the report include -

- What are the key factors driving the unmanned sea system market in the defense industry
- What are the key market trends impacting the growth of the unmanned sea system market in the defense industry
- What are the various opportunities and threats faced by the unmanned sea system market in the defense industry
- Trending factors influencing the market shares for EMEA, APAC, and Americas
- A key outcome of the five forces analysis on the unmanned sea system market in the defense industry
- Growth forecast of the unmanned sea system market in the defense industry until 2020

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