The Unmanned Marine Vehicles market is anticipated to grow at a significant CAGR of 12.1% during the forecast period. One of the core factors that is fueling the market is the rising demand for automated marine vehicles in the defense and commercial sector of the Europe region. The region consists of several countries such as the UK, Germany, Spain, France, and others which are highly developed in most the industry. This has raised the production of different advanced products for transferring to another region. For instance, in July 2019, French Navy aimed for 1200 unmanned systems by 2030. Out of 1200, 900 unmanned aerial vehicles (UAV) to equip boats, ashore bases and semaphores (land-based signaling and monitoring station), about fifty unmanned surface vehicles (USV) for surveillance and 200 unmanned underwater vehicles (UUV) and underwater gliders for mine warfare and environmental monitoring. In addition, over the past few years, the region has been facing some tension between countries such as Ukraine, Russia, and others which has increased the demand for defense equipment including unmanned marine vehicles for surveillance oceans close to the borders.
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The defense segment is anticipated to hold a prominent share in the market during the forecast period. One of the major factors that are fueling the market is the growing tensions between the countries in recent years which has increased the demand for the UMVs in the defense sector for surveillance, maritime security, anti-submarine warfare, electronic warfare, and maritime interdiction operation support, among others. For instance, in August 2020, the US Navy granted L3Harris Technologies a contract for the Medium Unmanned Surface Vehicle (MUSV) program. The contract was the US Navy’s first UMV program to support its Distributed Maritime Operations plan.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Unmanned Marine Vehicles Market Report Segment
By Type
- Surface Vehicle
- Underwater Vehicle
By Control Type
- Remotely Operated
- Autonomous
By Application
- Defense
- Commercial
- Research
Unmanned Marine Vehicles Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Unmanned Marine Vehicles market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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