The new unmanned sea systems market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201228005272/en/
Technavio has announced its latest market research report titled Global Unmanned Sea Systems Market 2020-2024 (Graphic: Business Wire)
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the unmanned sea systems market.
Get FREE report sample within MINUTES
“One of the primary growth drivers for this market is the growing demand for stealth platform,” says a senior analyst for Industrials at Technavio. The vendors should focus on growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover Technavio expects the unmanned sea systems market size to grow by USD 3.15 billion during the period 2020-2024.
Unmanned Sea Systems Market Segment Highlights for 2020
- The unmanned sea systems market is expected to post a year-over-year growth rate of -6.94%.
- Based on the type, the UUVs segment saw maximum growth in 2019. Factors such as growing demand for stealth platforms will increase the growth of the segment.
- The market growth of the segment will be significant during the forecast period.
Regional Analysis
- 34% of the growth will originate from the APAC region.
- The increasing investment in maritime surveillance capabilities will significantly increase the unmanned sea systems market growth in the APAC region.
- China and Japan are the key markets for unmanned sea systems in APAC.
Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.
Related Reports on Industrials Include:
Global Counter Unmanned Aerial Vehicle (UAV) Defense System Market– The counter unmanned aerial vehicle defense system market is segmented by type (detection systems and detection and disruption systems) and geography (North America, APAC, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Global Naval Combat Systems Market– The naval combat systems market is segmented by product (weapon systems, C4ISR systems, and electronic warfare systems), platform (surface-based naval combat systems and underwater-based naval combat systems), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Notes:
- The unmanned sea systems market size is expected to accelerate at a CAGR of almost 10% during the forecast period.
- The unmanned sea systems market is segmented by type (UUVs and USVs) and geography (North America, Europe, APAC, South America, and MEA).
- The market is concentrated due to the presence of a few established vendors holding significant market share.
- The research report offers information on several market vendors, including BAE Systems Plc, Elbit Systems Ltd., General Dynamics Corp., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Saab AB, Thales Group, The Boeing Co., and thyssenkrupp AG
Register for a free trial today to access 17,000+ market research reports using Technavio’s SUBSCRIPTION platform
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201228005272/en/