Dublin, Jan. 06, 2016 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/hh...l_unmanned ) has announced the addition of the "Global Unmanned Sea System Market 2016-2020" report to their offering. The augmented spending on military expansion and the increasing procurement of unmanned naval vessels by governments across the globe are expected to result in this markets impressive CAGR of more than 6% by 2020.
This market research report estimates eminent factors, such as the growing use of COTS component, to drive market growth during the forecast period. The COTS component enables system reuse and reduces the time and cost required for developing unmanned sea systems. The ability of COTS components to provide a clear roadmap for the minimization of investment risks and the development of a product is expected to result in market growth during the forecast period. In this market study, analysts estimate the Americas to be the largest market for unmanned sea systems during the forecast period. Factors like the augmented procurement of unmanned sea systems by the US Navy and the increased spending on unmanned sea systems by agencies like DARPA are examples of some growth-promoting factors, which results in this regions high market share of nearly 39% by 2019. Competitive landscape and key vendors This market is extremely competitive and is characterized by the presence of large vendors like Atlas, Elektronik and BAE Systems. The vendors in this market compete on the basis of product capability, design, and technology to gain maximum market prominence during the forecast period. The vendors that have the ability to produce highly capable and efficient unmanned sea systems at competitive costs are envisaged to gain a competitive edge over their rivals. The top five leading vendors of the market include - Atlas Elektronik - BAE Systems - General Dynamics - Mitsubishi Heavy Industries - Raytheon Growth drivers, challenges, and upcoming trends Upcoming trends like the augmented use of advanced on-board electronics systems are rapidly gaining popularity due to their extensive real-time applications. Recently, it has been observed that the military is increasingly utilizing on-board electronic systems for unmanned sea systems as it helps them to carry out surveillance and reconnaissance activities at sea. Additionally, it also helps in the development of fully autonomous unmanned sea systems that can operate remotely and provide critical intelligence and/or attack capabilities. This report provides a number of factors contributing to the adoption, limitations, and opportunities of the unmanned sea system market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth. Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Aerospace and defense value chain system Part 07: Geographical segmentation Part 08: Market drivers Part 09: Impact of drivers Part 10: Market challenges Part 11: Impact of drivers and challenges Part 12: Market trends Part 13: Vendor landscape Part 14: Key vendor analysis Part 15: Appendix For more information visit http://www.researchandmarkets.com/research/hh...l_unmanned
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