Uncrewed naval craft market expected to grow strongly over next decade

International data and analytics company GlobalData has forecast that the global market for naval uncrewed maritime vehicles (UMVs) would rise from an estimated $1.273-billion this year to more than $3.1-billion in 2033, the total increase expected to amount to more than $1.9-billion. UMVs were subdivided into uncrewed underwater vehicles (UUVs) and uncrewed surface vehicles (USVs). “Growing investment in the UMV field has been partially spurred by recent developments in Ukraine, as its navy employed armed USV swarms to inflict significant damage against Russian warships and naval infrastructure,” highlighted GlobalData aerospace, defence and security analyst Aidan Knight. “Repeated attacks on the port of Sevastopol have illustrated the importance of investing in [UUV] and USV technology now to ensure technological parity or overmatch in future conflicts.”