; Unmanned Marine Vehicles Market Size, Share and Keyplayers

Unmanned Marine Vehicles Market

Unmanned Marine Vehicles Market: By Type (Remotely Operated Surface Vehicle and Autonomous Surface Vehicle), By Application (Defense, Research, Commercial and Other) And Region - Global Analysis of Market Size, Share & Trends for 2019-2020 And Forecasts To 2031

Published on: May-2023
Report Code: FG A&D 01495
No. of Pages: 170-350
Report Format: PDF

Product Overview

Unmanned marine vehicles (UMVs) are robots that can operate under water without the presence of a person. Unmanned marine vehicles (UAVs) are self-driving vehicles that are commonly used in industry and military missions. The unmanned maritime vehicles are equipped with the necessary gadgets and sensors for the job. Observation, reconnaissance, mine counter measures, ocean floor mappings, pipeline inspections, polar ice study, anti-submarine warfare, and other applications are all possible with unmanned underwater vehicles. Autonomous underwater vehicle, remotely operated automobiles, semi-submersibles, & unmanned surface craft are all part of the unmanned marine vehicle industry. Sales of automated marine vehicle make up the autonomous maritime vehicles market. Autonomous marine vehicle are robotic vehicles that travel beneath or on the water's surface without the need for human input.

Market Highlights

Global Unmanned Marine Vehicles market is expected to project a notable CAGR of 15.8% in 2031.

Global Unmanned Marine Vehicles was valued at 2.4 billion in 2021 at a CAGR of 15.8%. Unmanned marine vehicles have higher capability for observation, identification, & interception than traditional systems, which is increasing the market for defence applications. They can be outfitted with stabilized military hardware, surveillance systems, as well as electro-optical tracking systems that can monitor infrared vision at all hours of the day and night.

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Global Unmanned Marine Vehicles: Segments

Autonomous Surface Vehicle segment to grow with the highest CAGR during 2021-31

The market is divided into two types: Remotely Operated Surface Vehicle and Autonomous Surface Vehicle. A large percentage of today's autonomous underwater vehicle’s function and maneuver according to a preprogrammed mission, with some human supervision. Such vehicles have just recently been deployed in completely autonomous mode. Future advanced autonomous platforms are expected to be able to change their algorithms & parameters, as well as choose actions or behavior’s depending on real-time data or existing knowledge, in order to achieve a preset goal.

Defense Industry segment to grow with the highest CAGR during 2021-31

Based on application, the global Unmanned Marine Vehicles market is segmented into Defense, Research and Commercial. The defence industry is likely to contribute significantly to the global market for unmanned marine vehicles. Maritime security concerns such as torpedoes, underwater mines, diesel-electrics submarine attacks, & short-range anti-ship missiles face defence forces all around the world. Increased investment in autonomous, robotic platforms that can operate at sea and at depths well below the surface is driving up demand for autonomous unmanned vehicles.

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Market Dynamics

Drivers

Rising demand of Autonomous marine vehicles

The market is predicted to grow due to an increase in the use of autonomous marine vehicles for undersea mapping, especially for marine geoscience investigations. The demand for unmanned marine vehicles will be driven by a greater emphasis on describing the various stable state of Planet's systems, discovering what incidents trigger evolution through one steady position to another, as well as identifying the interconnections between the regions of very various systems like climate & tectonic activity.

Increasing demand for USVs for oceanographic

USVs are mainly used for oceanography research & data mapping and are equipped with a variety of sensor payloads. USVs can maneuver and collect data on water quality on their own, which is then sent in real time to shore-based operators. They can inspect & capture specific occurrences and places in real time, and they can quantify natural variability to help drive and calibrate modelling efforts. By gathering high-quality & high-resolution ocean data, they also allow both inland as well as offshore hydrographic surveys. As a result, USVs are being used more frequently for water quality monitoring & ocean data mapping, which is likely to fuel the worldwide unmanned surface vehicle market.

Restraint

Low-cost alternatives, such as UV security, are available.

The deployment of USVs is limited compared to unarmed ground vehicle (UGVs), unmanned aerial vehicle (UAVs), & unmanned underwater vehicle (UUVs) due to their high production costs. In comparison to other unmanned systems, the overall number of USVs produced is also lower. USV manufacturers are concentrating on lowering their procurement & operational expenses. Due to their low cost, small UUVs are gradually replacing USVs in a variety of applications, including oil and gas development and search and rescue missions. The design and technological components of the USV market have a lot of room for improvement.

Global Unmanned Marine Vehicles Market:

Key Players

  • Sea Robotics

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • Liquid Robotics
  • BAE Systems
  • Ocean Aero
  • Pelorus Naval Systems
  • Kongsberg Gruppen
  • ECA Group
  • Textron
  • MAP Marine Technologies
  • Elbit Systems
  • Maritime Robotics
  • Other Prominent Players

Global Unmanned Marine Vehicles Market: Regions

Global Unmanned Marine Vehicles market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Due to the general rising application of ROVs in the defence and commercial sectors, North America dominated the global the unmanned marine’s vehicle industry. Furthermore, the increased use of autonomous unmanned vehicle (AUVs) for conducting deep water investigations for the oil & gas sector would propel the unmanned maritime vehicle industry in the area during the projection period. Rising demand in the defence and commercial sectors, the region is likely to see significant expansion in the unmanned marine’s vehicle industry.

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Impact of Covid-19 on Unmanned Marine Vehicles Market

The COVID-19 epidemic has had a detrimental influence on the whole marine industry, including unmanned marine vehicles. Various precautionary actions taken by governments around the world to stem the virus's spread seriously disrupted supply chains across sectors & affected the production operations of several enterprises.

Global Unmanned Marine Vehicles is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Unmanned Marine Vehicles Market report also contains analysis on:

Unmanned Marine Vehicles Market Segments:

  • By Type:
    • Remotely Operated Surface Vehicle
    • Autonomous Surface Vehicle
  • By Application:
    • Defense
    • Research
    • Commercial
    • Other
  • Unmanned Marine Vehicles Market Dynamics
  • Unmanned Marine Vehicles Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Unmanned Marine Vehicles Report Scope and Segmentation

Report Attribute

Details

Market size value in 2021

2.4 billion

Revenue forecast in 2031

10.5 billion

Growth Rate

CAGR of 15.8% from 2021 to 2031

Base year for estimation

2020

Quantitative units

Revenue in USD million and CAGR from 2021 to 2031

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, Application, and Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key companies profiled

 

Liquid Robotics, BAE Systems, Ocean Aero, Pelorus Naval Systems, Kongsberg Gruppen, ECA Group, Textron, MAP Marine Technologies, Elbit Systems, Maritime Robotics and Other Prominent Players.

Frequently Asked Questions (FAQ):

Global Unmanned Marine Vehicles was valued at 2.4 billion s in 2021 at a CAGR of 15.8%.

Unmanned marine vehicles (UMVs) are robots that can operate under water without the presence of a person. Unmanned marine vehicles (UAVs) are self-driving vehicles that are commonly used in industry and military missions.

Defense and Autonomous Surface vehicles segments accounted for the largest Unmanned Marine Vehicles market share.

Key players: Liquid Robotics, BAE Systems, Ocean Aero, Pelorus Naval Systems, Kongsberg Gruppen, ECA Group, Textron, MAP Marine Technologies, Elbit Systems, Maritime Robotics are the key players in the Unmanned Marine Vehicles market.

The market is being driven by the Increasing demand of Autonomous marine vehicles and Increased demand for USVs for oceanographic is also likely to drive the market demand in the forecasted period, i.e., 2021-2031.

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