Rise in Usage for Maritime Security & Surveillance in Naval Forces Expected to Drive Europe Unmanned Maritime Vehicles Market: Ken Research

Posted June 17, 2021 by Anita1111

Europe UMVs market reached USD 939.5 million in 2019 and will grow by 4.1% over 2020-2026 owing to the rising need for various unmanned maritime vehicles in the region.
Unmanned maritime vehicles or UMVs can be defined as robotic systems, which are operated both above and below the water surface without any human operator. UMVs include semi-submersibles, remotely operated vehicles, autonomous underwater vehicles, and unmanned surface craft. The defense sector is gradually more adopting in addition to commercial sectors in order to map & monitor the conditions of sea or ocean as well as explore different oil & gas sites. The range of unmanned maritime vehicles may from very small vessels to mid-sized ships or small submarines. They are generally equipped with various sensors in order to record the environment-related data and determine the vehicle course & response. They are also equipped with LiDAR, sensors, echo sounders, cameras, visual systems, marine radars, sonars, X-band, and other payloads. These payloads are used to classify an extensive range of chemicals in the seawater and examine undersea cables. UMVs have a wide range of applications such as oceanographic survey, environmental monitoring, hydrographic survey, marine security, marine patrolling, underwater photography, and other applications in various sectors including commercial, defense, and scientific research.
Referring to study, “Europe Unmanned Maritime Vehicles (UMVs) Market 2020-2026 by Vehicle Type (UUVs, USVs), Application (Commercial, Scientific Research, Defense & Security), Propulsion System (Electric, Mechanical) and Country” some of the renowned companies that are presently operating in the Europe UMVs market include Fugro Subsea Services Ltd, Boston Engineering, 5G International Inc., Atlas Elektronik GmbH, Forum Energy Technologies, ASV Unmanned Marine Systems, DOF Subsea AS, C-Innovation, BAE Systems plc, ECA Group, Israel Aerospace Industries Ltd., General Dynamics Mission Systems, i-Tech (Subsea 7), International Submarine Engineering (ISE) Ltd., Deep Trekker Inc, Helix Energy Solutions, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Kystdesign AS, Perry Slingsby Systems Limited, Ocius Technology Ltd., Oceaneering International, Inc., Rafael Advanced Defense Systems Ltd., Marine Tech SAS, Ocean Aero, Inc., Schilling Robotics, LLC, Soil Machine Dynamics Ltd (SMD), Seebyte Ltd., Saipem (Sonsub), SimpleUnmanned, LLC., Thales S.A., SAAB SEAEYE LTD., Textron Inc., Teledyne Technologies Inc. and among others.
The Europe UMVs market is driven by increase in usage for underwater mapping particularly for marine geo-science studies, followed by rapid development in technology and oceanic surveillance for defense purposes. However, lack of proper maintenance and initial huge capital expenditure in the technology, particularly in the early stages of its development may impact the market. Moreover, surge in government investments is a key opportunity for market.
Europe region holds major share in market owing to rise in demand from defense & commercial sector. Region’s Advanced Safety Vehicle (ASV) expert team of naval architects, engineers & robotics specialists have delivered numerous unmanned systems including marine target drones, mine countermeasure vehicles, and oil field services vehicles that drives the market in region. It is anticipated that future of the Europe UMVs market will be bright as a result of increase in use of unmanned maritime vehicles for maritime security & surveillance in naval forces during the forecast period.

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Issued By Ken Research
Country India
Categories Technology , Telecom
Tags europe unmanned maritime vehicles market , europe unmanned maritime vehicles market forecast , europe unmanned maritime vehicles market revenue
Last Updated June 17, 2021