Growth Opportunities in Global Naval Unmanned Systems, 2024–2029

Growth Opportunities in Global Naval Unmanned Systems, 2024–2029

Increased Autonomy and Mass-Manufacturing Drive Unprecedented Growth

In this research service, Frost & Sullivan overviews the global naval unmanned systems market, highlighting growth drivers, restraints, and opportunities. This study provides an outlook on global conflicts and recent developments in the field, contains an analysis of current market trends, and identifies some companies to watch.

Many defense departments worldwide seek cost-effective solutions to reduce personnel demands and address budgetary constraints. Unmanned naval systems have emerged as an attractive alternative to traditional military vessels because of their autonomous capabilities.

The market in question has become more competitive and appealing to potential customers because of recent advances in manufacturing, such as 3D printing. These advances have contributed to reduced production costs and lowered barriers of entry for new market participants.

The market, however, is at a nascent stage; therefore, companies (especially small businesses) need funding to carry out the proper R&D process to ensure top-quality products. Failure to obtain contract awards can halt market growth.