According to the globalby IMARC Group, the market reached a value of US$ 3.51 Billion in 2021, and it is projected to reach a value of US$ 6.89 Billion by 2027, exhibiting a CAGR of 11.30% during 2022-2027.
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.
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.
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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.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating 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.
Key Market Segmentation
Breakup by Type:
- Surface Vehicle
- Underwater Vehicle
Market Breakup by Control Type:
- Remotely Operated
Industry Breakup by Application:
- Asia Pacific
- North America
- 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.
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