Global Unmanned Sea Systems Market to Grow at a CAGR of 7.72% during


Reading time ( words)

The Global Unmanned Sea Systems Market is expected to grow at a CAGR of 7.72% during 2018-2023. Unmanned sea systems can primarily be classified as Unmanned Underwater Vehicle (UUV) or Unmanned Surface Vehicles (USV). The USV operate on the water surface without a crew, whereas, UUV operate under the water and perform various functions including communications with other submerged platforms.

Unmanned Sea Systems are crucial component for naval operations, as they provide a great strategic and tactical advantage to the operators. Contemporary UUVs and USVs are capable of operating autonomously with minimum interference from the human controllers, which give the naval forces greater reach and operational capability. The autonomous capability of the UUVs and USVs is the major driver of the market. The autonomous sea systems as a result will see the highest growth rate in the forecast period. The unmanned sea systems market has also benefitted from commercial off the shelf components (COTS). They reduce the development time, cost and enables system reuse.

Along with the North American region, Asia Pacific is expected to be the fastest growing region in the forecast period. The growth in Asia Pacific region will be primarily propelled by the need to counter the growing threat and dominance of China and North Korea. China has been staking new boundary claims which have encroached on the territorial claims of countries such as Japan, India, Philippines, Vietnam and Indonesia. Of late, Japan and India have started building state of the art military and naval assets, which has given a big boost to the unmanned sea systems market.

Share


Suggested Items

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.

Global LED Market Expected to Record a CAGR of close to 17% until 2020

05/26/2016 | Business Wire
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.



Copyright © 2018 I-Connect007. All rights reserved.