Unmanned Sea System Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.30 Billion |
| Market Size (2029) | USD 4.38 Billion |
| CAGR (2024 - 2029) | 13.78 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Unmanned Sea System Market Analysis
The Unmanned Sea Systems Market size is estimated at USD 2.30 billion in 2024, and is expected to reach USD 4.38 billion by 2029, growing at a CAGR of 13.78% during the forecast period (2024-2029).
- With the growth in maritime tensions, several nations are investing huge amounts in enhancing their maritime surveillance and warfighting capabilities, supported by the growth in defense spending. Factors like the growth in defense spending, increasing focus on the development of sophisticated unmanned sea systems, and the growing adoption of unmanned vessels for various non-military applications are expected to drive the market growth. On the other hand, the technological challenges in the development of unmanned sea systems are projected to impact the market growth potential.
- The adoption of unmanned systems has also increased in various non-military or commercial sectors. They can be used for oceanography, hydrology research, scientific exploration, hydrographic surveys, emergency fire monitoring, control in oil rigs, and other tasks. Several players in the industry believe that autonomous shipping is the future of the maritime industry, which is presumed to supplement the growth of unmanned sea systems over the assessment period.
Unmanned Sea System Market Trends
Remotely Operated Vehicles (ROVs) Segment Will Showcase Significant Growth During the Forecast Period
- A remotely operated vehicle (ROV) is unmanned and usually tethered to the operator. It is used to collect data about underwater subsea structures or geological formations like hydrothermal vents. It has a remote pilot and automated control technology, which makes it safe and easy to operate. ROVs are often used when diving by humans is either impractical or dangerous, such as working in deep water or investigating submerged hazards. These ROVs are used for various commercial as well as defense applications.
- ROVs are used for ocean exploration and provide HD images and high-definition videos for research and study purposes. These vehicles are fitted with additional equipment such as manipulator arms, water samplers, and others. Key players are focusing on the introduction of advanced technologies in ROVs to improve operational efficiency and thus drive market growth.
- For instance, in July 2022, Oceaneering International Ltd. announced that its Subsea Robotics segment was awarded a multi-year service contract supporting Petrobras projects off the coast of Brazil. Under the contract, the company will provide survey and ROV services for AKOFS Offshore鈥檚 subsea equipment. The scope of work includes the provision of two work class ROVs, ROV personnel for simultaneous operations, tooling packages for each ROV, and survey equipment and personnel.
- Also, in June 2021, Deep Trekker, a Canadian-based company, launched a new submersible remotely operated vehicle (ROV) called the Pivot. It is equipped with six thrusters powered by lithium-ion batteries, which provide high power, stability, enhanced speed, and control. It can be used for various applications such as search and rescue, aquaculture, defense, shipping, and others. Thus, the growing demand for ROVs for numerous applications such as underwater surveys, search and rescue, military, deepwater research, and others boosts the growth of the market.
Asia Pacific is Projected to Show Highest Growth During the Forecast Period
- Asia-Pacific is anticipated to witness the highest growth during the forecast period, majorly due to robust investments from countries like China, India, and Japan into unmanned systems. The navies in the region are investing in developing and procuring advanced unmanned sea systems for anti-submarine warfare and defense surveillance applications. For instance, as a part of the five-year ocean policy, the Japanese government is planning to promote the development of unmanned underwater drones to strengthen maritime security against China's increasing military assertiveness.
- Similarly, the Australian DoD initiated an R&D project worth USD 15 million to assess the design, development, and testing of AUV swarms and autonomous surface vessels for an initial survey of a hostile stretch for mines before the deployment of manned vessels. The project is scheduled to be completed by 2025. Various commercial operators in the region also plan to deploy remotely operated and autonomous vehicles for surveying, sea-bed mapping applications, etc.
- In this regard, about 40 Japanese shipping companies aim to have remote-control vessels ply Japanese waters by 2025 using satellites and high-speed fifth-generation wireless networks for communication between shore and ship and AI to help set efficient routes. Technological advancements in unmanned systems may lower the associated costs and drive the adoption of such systems in the region during the forecast period.
Unmanned Sea System Industry Overview
The unmanned sea systems market is semi-consolidated in nature with a presence of few players holding significant shares in the market. Some of the key players in the market are General Dynamics Corporation, Teledyne Technologies Incorporated, BAE Systems plc, thyssenkrupp AG, and Kongsberg Gruppen ASA. Various companies have been collaborating on the development of autonomous features, as well as sophisticated acoustic and imaging sensors (like cameras, radar, sonar, and GPS), to decrease the pilot involvement operation of the systems in complex, variable, and communications-limited environments.
Also, major international shipbuilding and technology companies have been investing in acquiring stakes in UUV/USV manufacturers to enter the market studied. For instance, in July 2023, Garden Reach Shipbuilders and Engineers (GRSE), an Indian state-owned shipyard, launched Neerakshi, an autonomous underwater vehicle (AUV).
Unmanned Sea System Market Leaders
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General Dynamics Corporation
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Teledyne Technologies Incorporated
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Kongsberg Gruppen ASA
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thyssenkrupp AG
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BAE Systems plc
*Disclaimer: Major Players sorted in no particular order
Unmanned Sea System Market News
- October 2023: The Naval Sea Systems Command, Washington, DC, signed a modification contract with Lockheed Martin Corporation to provide engineering support for Extra Large Unmanned Undersea Vehicle (UUV). The value of the contract was USD 11 million, and it will be completed by September 2024.
- September 2023: HII received a FAR-based contract from the US Navy for USD 19 million with a ceiling of USD 347 million to begin shipments of the REMUS 300 to PMS 408 by September 2024, with ongoing technology advancements and deliveries through 2028.
Unmanned Sea System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Unmanned Underwater Vehicles (UUV)
5.1.2 Unmanned Surface Vehicles (USV)
5.2 Capability
5.2.1 Remotely Operated Vehicles
5.2.2 Autonomous Vehicles
5.3 Application
5.3.1 Military
5.3.2 Commercial
5.3.3 Other Applications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 France
5.4.2.3 Germany
5.4.2.4 Russia
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Rest of the Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 thyssenkrupp AG
6.2.2 BAE Systems plc
6.2.3 General Dynamics Corporation
6.2.4 Lockheed Martin Corporation
6.2.5 Teledyne Technologies Incorporated
6.2.6 Kongsberg Gruppen ASA
6.2.7 Saab AB
6.2.8 L3Harris Technologies Inc.
6.2.9 Maritime Robotics AS
6.2.10 The Boeing Company
6.2.11 Groupe Gorge SA
6.2.12 Elbit Systems Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Unmanned Sea System Industry Segmentation
Unmanned sea systems are naval assets that can operate without a human occupant onboard the vessel.
The unmanned sea systems market is segmented based on type, capability, and geography. By type, the market is segmented into unmanned underwater vehicles (UUVs) and unmanned surface vehicles (USVs). By capability, the market is divided into remotely operated vehicles and autonomous vehicles. By application, the market is segmented into military, commercial, and other applications. Others include scientific and oceanographic research applications. The report also covers the market sizes and forecasts for the unmanned sea system market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Type | |
| Unmanned Underwater Vehicles (UUV) | |
| Unmanned Surface Vehicles (USV) |
| Capability | |
| Remotely Operated Vehicles | |
| Autonomous Vehicles |
| Application | |
| Military | |
| Commercial | |
| Other Applications |
| Geography | |||||||
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Unmanned Sea System Market Research FAQs
How big is the Unmanned Sea Systems Market?
The Unmanned Sea Systems Market size is expected to reach USD 2.30 billion in 2024 and grow at a CAGR of 13.78% to reach USD 4.38 billion by 2029.
What is the current Unmanned Sea Systems Market size?
In 2024, the Unmanned Sea Systems Market size is expected to reach USD 2.30 billion.
Who are the key players in Unmanned Sea Systems Market?
General Dynamics Corporation, Teledyne Technologies Incorporated, Kongsberg Gruppen ASA, thyssenkrupp AG and BAE Systems plc are the major companies operating in the Unmanned Sea Systems Market.
Which is the fastest growing region in Unmanned Sea Systems Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Unmanned Sea Systems Market?
In 2024, the North America accounts for the largest market share in Unmanned Sea Systems Market.
What years does this Unmanned Sea Systems Market cover, and what was the market size in 2023?
In 2023, the Unmanned Sea Systems Market size was estimated at USD 2.02 billion. The report covers the Unmanned Sea Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Unmanned Sea Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Unmanned Sea System Industry Report
Statistics for the 2024 Unmanned Sea Systems market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Unmanned Sea Systems analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
