A recent report published by Infinium Global Research on unmanned marine vehicle market provides in-depth analysis of segments and sub-segments in the global as well as regional unmanned marine vehicle market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional unmanned marine vehicle market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global unmanned marine vehicle market. According to the report, the global unmanned marine vehicle market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
Unmanned marine vehicle gaining lots of tractions due to its significant emergence in various sectors such as military, government and commercial. Furthermore, the growth in expenditure and investments provided by various governments and non-government organization for the advancement of products help to grow the global unmanned marine vehicle in the near future.
Widespread adoption of unmanned marine vehicle in mine counter measures (MCM), intelligence, surveillance and reconnaissance (ISR), anti-submarine warfare (ASW), marine patrolling, oil and gas exploration and construction, hydrographic, oceanographic data collection, oceanographic and environmental surveys drive the demand unmanned marine vehicle market. Moreover, unmanned marine vehicles can be equipped with echo sounders, visual systems, LiDAR, cameras, sensors, sonars, marine radars, and other payloads. Furthermore, an increasing number of geoscience applications is one of the major trends in the global unmanned marine vehicle market. However, a limited number of remote control range of underwater vehicles owing to its high maintenance and manufacturing costs may hamper the market growth. Furthermore, rapid development in technology and high demand for autonomous surface vehicles are some factors provides the growth opportunities for the market in the coming years.
Among the geographies, the global the unmanned marine vehicle market is bifurcated into North America, Europe, Asia-Pacific, and RoW. North America is accounted to hold maximum share in the global market owing to a robust focus on the intelligence of USVs and UUVs. On the other hand, Europe is expected to hold a significant share in this market owing to the growing demand from the military and commercial sector along with the presence of key manufacturers such as the ECA Group, ASV, and Atlas Elektronik are in the region.
The report on global unmanned marine vehicle market covers segments such as type, and applications. On the basis of type, the sub-markets include unmanned underwater vehicle, and unmanned surface vehicle. On the basis of applications, the sub-markets include hydrographic survey, oceanographic survey, environmental monitoring, and other applications.
The report provides profiles of the companies in the market such as Rafael Advanced Defense Systems, Elbit Systems Ltd., Liquid Robotic, SeaRobotics Corp., ECA Group, Atlas Elektronik, Teledyne Technologies, Inc, Textron, Autonomous Surface Vehicles Limited, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of unmanned marine vehicle market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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