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Unmanned Maritime Systems Market to Grow by USD 9.3 Billion (2024-2028) Driven by Defense Demand and AI Driven Market Transformation- Technavio Report

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NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global unmanned maritime systems market  size is estimated to grow by USD 9.28 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  15.35%  during the forecast period. Rising demand for unmanned maritime systems from defense sector is driving market growth, with a trend towards technological advancements in unmanned maritime systems. However, regulatory hurdles in global unmanned maritime systems market  poses a challenge .Key market players include BAE Systems Plc, ECA Group, Elbit Systems Ltd., General Dynamics Corp., Hanwha Systems Co., Huntington Ingalls Industries Inc., L3Harris Technologies Inc., Liquid Robotics Inc., Lockheed Martin Corp., Maritime Robotics, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Saab AB, SeaRobotics Corp., Teledyne Technologies Inc., Textron Systems, The Boeing Co., Thales Group, and thyssenkrupp AG.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (UUVs, USVs, and UAVs), Technology (Remotely operated vehicle and Autonomous vehicle), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

BAE Systems Plc, ECA Group, Elbit Systems Ltd., General Dynamics Corp., Hanwha Systems Co., Huntington Ingalls Industries Inc., L3Harris Technologies Inc., Liquid Robotics Inc., Lockheed Martin Corp., Maritime Robotics, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Saab AB, SeaRobotics Corp., Teledyne Technologies Inc., Textron Systems, The Boeing Co., Thales Group, and thyssenkrupp AG

Key Market Trends Fueling Growth

Unmanned maritime systems (UMS) have experienced significant technological advancements, enhancing their functions and capabilities. These improvements include data processing, communication systems, autonomy, navigation, and sensor integration. UMS can now perform various tasks such as mine countermeasures, oceanographic research, underwater mapping, infrastructure inspection, and communication. Saab AB and Teledyne Technologies Incorporated offer innovative, high-tech, and cost-effective UMS for security and defense, as well as oceanography sensors and vehicles. General Dynamics Corporation provides advanced cyber security solutions for secure real-time data sharing. These advancements are anticipated to fuel the growth of the global unmanned maritime systems market. Saab AB’s UMS increase security and defense capabilities, while Teledyne Technologies’ offerings collect critical ocean data. General Dynamics ensures secure data sharing, driving market growth. 

Unmanned maritime systems, also known as Unmanned Sea Systems or Unmanned Marine Systems, are gaining significant attention in various industries and defense sectors. These systems, which include Unmanned Surface Vehicles (USVs) and Unmanned Underwater Vehicles (UUVs), are revolutionizing maritime surveillance, naval forces, and national security. Key trends include remote recharge capabilities and autonomous features for extended operational duration. USVs and UUVs are used for maritime intelligence, surveillance, reconnaissance, and defense missions. They help combat illegal immigration, smuggling, piracy, and other threats to national security. The defense industry is investing heavily in these systems for military applications, with a focus on stealth platforms, acoustic sensors, imaging sensors, and autonomous features. The market for unmanned maritime systems is expected to grow due to increasing defense spending and the need for advanced surveillance capacity in remote areas. Service providers and payload suppliers are also playing a crucial role in the market’s growth. However, manufacturing delays and budget constraints may impact the market’s growth. Additionally, unmanned maritime systems are being used for scientific research, ocean cleaning, and distribution networks. The future of unmanned maritime systems lies in advanced autonomous technologies, combat techniques, and communication capabilities. 

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Market Challenges

The unmanned maritime systems market faces complex regulatory challenges, impacting its growth. Regulations focus on safety, environmental impact, and operational protocols, requiring significant investments in compliance. Regional differences add complexity, with varying safety and liability requirements. Environmental regulations restrict UMS use in certain areas, limiting operational scope. International maritime law complicates operations, particularly in territorial waters and Exclusive Economic Zones. Obtaining permits and certifications involves lengthy approval processes, delaying technology deployment and market response. These regulatory hurdles may hinder the growth of the global unmanned maritime systems market.The Unmanned Maritime Systems Market is experiencing significant growth due to increasing demand for maritime intelligence, surveillance, and reconnaissance. Acoustic and imaging sensors are key components, enabling detection of submarines and identification of objects at sea. Autonomous features enhance operational capabilities, reducing reliance on human crews. Defense spending on unmanned systems is increasing for national defense and surveillance missions. Naval agencies and service providers require advanced payloads and communication capabilities for remote areas. Challenges include manufacturing delays, defense budget constraints, and ethical concerns. Piracy, international terrorism, and protection of ports and exclusive economic zones are primary applications. Unmanned Underwater, Surface, and Autonomous Underwater Vehicles are essential naval platforms. Ethical concerns and communication signals are important considerations for this market.

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Segment Overview 

This unmanned maritime systems market report extensively covers market segmentation by

Type 1.1 UUVs1.2 USVs1.3 UAVsTechnology 2.1 Remotely operated vehicle2.2 Autonomous vehicleGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 UUVs-  Unmanned underwater vehicles (UUVs) are autonomous underwater systems designed for submerged missions without human intervention. Equipped with onboard sensors and software, UUVs navigate and complete tasks independently. UUVs find applications in seafloor mapping, pipeline inspections, environmental monitoring, and military operations. The demand for advanced underwater technology solutions and underwater research investments fuel market growth. UUVs offer naval agencies extended operational reach and discrete capabilities with minimal risk to manned assets. Continuous technology advancements enable multiple UUV deployments from a single platform, expanding sensor networks for real-time data collection. UUVs are also gaining traction in commercial sectors like offshore oil and gas, renewable energy, and infrastructure inspections. Applications include deep-sea exploration, environmental monitoring, underwater infrastructure inspections, marine research, and military surveillance, enhancing data collection and operational efficiency in challenging underwater conditions. The expanding UUV usage across various sectors is expected to drive the growth of the global unmanned maritime systems market.

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Research Analysis

Unmanned Maritime Systems, also known as Unmanned Sea Systems, refer to autonomous or remotely operated vehicles and technologies designed for maritime applications. These systems play a crucial role in various sectors including maritime surveillance, naval forces, and national security. They are used for tasks such as illegal immigration and smuggling detection, fisheries protection, and piracy prevention. Autonomous capabilities and remote recharge capabilities enable these systems to operate for extended periods, making them ideal for surveillance missions. Naval agencies and service providers leverage Unmanned Maritime Systems for securing ports, protecting Exclusive Economic Zones, and countering international terrorism. Payload suppliers and manufacturing delays are key challenges in the market. Unmanned Underwater Vehicles (UUVs), Unmanned Surface Vehicles (USVs), and Autonomous Underwater Vehicles (AUVs) are essential components of Unmanned Maritime Systems. The market is driven by the need for maritime security, naval defense, international trade, and ports protection. Unmanned vehicles are also used for surveillance applications in various industries, including oil and gas, renewable energy, and scientific research. Manufacturing delays and defense budget constraints are major challenges for the market. Autonomous technologies are expected to revolutionize the industry by enabling advanced capabilities and reducing operational costs.

Market Research Overview

Unmanned Maritime Systems, also known as Unmanned Sea Systems, refer to autonomous and remotely operated vehicles used in maritime applications. These systems include Unmanned Surface Vehicles (USVs), Unmanned Underwater Vehicles (UUVs), and Autonomous Underwater Vehicles (AUVs). They are utilized for various purposes such as maritime surveillance, naval forces support, illegal immigration and smuggling detection, fisheries protection, and national security. Unmanned maritime systems offer remote recharge capabilities and autonomous features, making them ideal for operations in remote areas and harsh environments. They are equipped with acoustic sensors, imaging sensors, and autonomous features for maritime intelligence, surveillance, reconnaissance, defense spending, scientific research, and defense. The market for unmanned maritime systems is driven by the need for enhanced maritime security, defense, and surveillance capabilities. Applications include piracy prevention, ports protection, international trade security, and protection of Exclusive Economic Zones. Ethical concerns and manufacturing delays are challenges in the market. The defense industry and service providers are key stakeholders, along with payload suppliers and communication capabilities providers. The market also includes autonomous technologies, combat techniques, and distribution networks. Unmanned maritime systems have significant potential for ocean cleaning and international terrorism prevention.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeUUVsUSVsUAVsTechnologyRemotely Operated VehicleAutonomous VehicleGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Typeform Delivers New Solutions to Empower B2C Businesses to Better Engage Customers

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Brands can now use video, data enrichment, and AI-powered capabilities to create interactive, hyper-personalized experiences and uncover deeper insights

SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ — Typeform, the intuitive form builder and conversational data collection platform, today announced new features that provide business-to-consumer (B2C) businesses with the context, clarity, and convenience needed to better engage and understand their customers. Now businesses can further enhance the respondent experience, all while gathering richer, actionable data. 

Today, 70% of consumer decisions are based on emotion, including brand preference.¹ Buyers expect brands to tailor experiences to their personal preferences more than ever, but at the same time, they’re also becoming more cautious about sharing personal information. Typeform’s latest features help brands collect data directly from customers through interactive, personalized experiences they trust, then automatically enhance it with third-party insights to deepen their understanding. This empowers companies to deliver more targeted, data-driven marketing.

“Businesses can’t thrive on surface-level insights,” said Aleks Bass, Chief Product Officer, Typeform. “Our latest innovations give you the ability to dig deeper into truly knowing your customers by providing dynamic data collection experiences that encourage quality responses. Whether boosting conversions with a personalized product recommendation quiz or gathering feedback through video surveys, the common denominator is that your customers enjoy the experience.”

The offerings were unveiled at Typeforum 2024, Typeform’s first-ever virtual product spotlight event, designed to showcase the latest innovations from the company. Newly released features include: 

Enhanced Video Capabilities: Typeform now allows customers to respond with video, providing businesses deeper insights through voice and expressions, not just text. This builds on Typeform’s existing feature that enables creators to record, edit, and embed personalized videos into forms, boosting engagement and conversions. Typeform research found that 65% of marketers believe video is an effective tool for engaging and interacting with customers in ways that feel more human and create connection and loyalty.²Clarify with AI: Typeform’s Clarify with AI acts as a virtual interviewer, prompting follow-up questions based on customer responses. When a customer is asked about their experience and answers vaguely, like “good,” the AI encourages more detailed feedback, asking, “Good, how? What stood out?” For customers, it feels like a personalized conversation. For brands, it delivers more insights. Automated B2C Data Enrichment: Earlier this year, Typeform introduced automated B2B data enrichment, making it easier than ever to understand customers at a deeper level without needing to ask additional questions. Now, consumer-level enrichment is available in the Typeform platform. With just a personal email address, companies can pull in key data points from trusted third-party sources, providing a more complete picture of who’s on the other side of the screen.AI-powered Qualitative Analysis: With this feature, businesses can instantly analyze large volumes of text and video responses to surface key themes and insights, saving hours of manual work. Data Quality Tools: Invisible reCAPTCHA ensures data integrity by blocking bots and automated submissions, allowing only genuine responses to be collected. This safeguard enhances data reliability, helping teams make accurate, data-driven decisions.Klaviyo Integration: Typeform will soon be launching a new integration with Klaviyo, designed for B2C and direct-to-consumer (DTC) marketers. It will ensure that every insight gathered flows seamlessly into Klaviyo. Manual data transfers are eliminated as segments automatically update with Typeform data, enabling hyper-targeted campaigns customized to each customer’s unique profile. This integration combines Typeform’s interactive data collection with Klaviyo’s automation, facilitating more natural, personalized customer connections while driving business growth.

“We built a powerful product recommendation quiz not just to help our customers, but to generate invaluable data that allows us to better segment and engage them with relevant marketing,” said Addison Wennar, Digital Communications Manager, OGEE. “With the holiday shopping season approaching, these insights will be key. Typeform already delivers the highest response rates for us, and I’m excited to see how the new features will amplify that impact.”

The features are available today in Typeform for Growth plans. Watch the Typeforum 2024 recordings and learn how to use Typeform to better understand and engage customers here

About Typeform
Typeform is a distinctly intuitive form builder that helps over 150,000 customers collect and validate the data they need to grow their businesses. Designed with striking visuals, a conversational flow, and powerful data capabilities, Typeform empowers brands to give and get more with each form. Typeform drives more than 500 million responses each year and integrates with essential tools including Zapier, HubSpot, and Slack. For more information, visit www.typeform.com.

1         Pendell, R. (2024, October 15). Customer brand preference and decisions: Gallup’s 70/30 principle. Gallup.com. https://www.gallup.com/workplace/398954/customer-brand-preference-decisions-gallup-principle.aspx#:~:text=70%25%20of%20decisions%20are%20based,Making%20Process:%20Rational%20or%20Emotional?

2          Data from a survey of 105 Typeform customers conducted on September 30, 2024.

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SOURCE Typeform S.L.

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Electronic Drives and Controls Celebrates Impressive Growth and Strong Demand for Industrial Automation Solutions

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EDC has announced 39% revenue growth over the past year and a strengthened presence in the metals converting and composites industries. The company has also maintained key certifications, including CSIA, UL508A, Rockwell Automation, Siemens, and Ignition.

PARSIPPANY, N.J., Nov. 14, 2024 /PRNewswire-PRWeb/ — Electronic Drives and Controls, Inc. (EDC), a leading control system integrator and field service company for industrial automation and drive technology, today announced that the company has experienced a year of growth and success, achieving a 39% increase in revenue year-over-year. To meet the growing demand for automation and drive solutions, EDC has expanded its team, hiring Ricky Arcky as human resources manager and Tyler Schaberick as systems engineer. EDC attributes this growth to maintaining industry certifications, digital marketing efforts, a dedicated team, and strong, long-term partnerships.

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients.”

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients,” said Chuck Dillard, Vice President of EDC. “Our recent hires and increased project load reflect our strategy to grow both wider and deeper with our existing clients, as well as entering new industries.”

“We’ve put in years of preparation and invested heavily in digital marketing to get the word out about our services, knowing that growth was inevitable,” Dillard added. “Our team has worked tirelessly and the results speak for themselves: clients continue to return to us because of our technical expertise and the strong results we deliver.”

EDC’s expertise in coating & laminating, wire and cable, PLC programming and upgrades, as well as drive service, has allowed the company to strengthen its presence in the metals converting industry, securing new and expanded projects across multiple client plants. EDC has also successfully completed upgrades for a new client in the composites industry, widening the portfolio of industries it caters to.

In addition to recent growth, EDC remains committed to maintaining the highest industry standards through its CSIA certification, which ensures adherence to best practices in control system integration. Several certifications, including UL508A recertification and certifications from Rockwell Automation, Siemens, and Ignition, further emphasize EDC’s dedication to safety, technical proficiency, and continuous improvement.

About Electronic Drives and Controls, Inc.
Founded in 1968, Electronic Drives and Controls, Inc. (EDC) is a CSIA Certified control system integrator with deep domain expertise in the coating and laminating, and converting industries. The company’s large field service team specializes in AC and DC drives, PLCs and factory automation. Family owned and operated for more than 50 years, EDC’s team of engineers and technicians has a vast experience integrating new control systems and breathing life into older equipment. EDC has the engineering capability to design, build, start-up and service projects from the sophisticated to the simple and the service support team on call 24/7/365 to keep it all running at peak efficiency from day one and for years to come. In addition to the company’s certification as a Siemens Solution Partner and a Rockwell Automation Recognized System Integrator, EDC is a factory authorized/factory trained service center for over 40 drive brands. For more information, visit the company’s website, LinkedIn, Twitter, Facebook, and YouTube.

Media Contact

Georgia Whalen, Rivergate Marketing, (978) 697-2664, Gwhalen@rivergatemarketing.com, www.electronicdrives.com/home/

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SOURCE Electronic Drives and Controls, Inc. (EDC)

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Allstate Financial Services Selects Covr to Provide Life Insurance, Long-Term Care, and Disability Insurance Solutions

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Covr’s Digitally Enabled Insurance Platform Will Simplify the Buying Process

HARTFORD, Conn., Nov. 14, 2024 /PRNewswire/ — Covr, a leading digital insurance provider, has partnered with Allstate Financial Services, LLC to offer a streamlined suite of life, long-term care (LTC), and disability income insurance solutions through Covr’s digital platform. This partnership provides Allstate Financial Services customers with a simple, connected experience, featuring an intuitive, paperless process that makes it easier than ever to purchase insurance tailored to their diverse needs.

Covr’s platform offers an easy-to-use, self-guided experience to efficiently compare and recommend insurance products. Additionally, Allstate Financial Services will offer a range of products through Covr’s platform, including guaranteed issue life insurance through Gerber Life and disability insurance through Assurity, Ameritas, MassMutual, Mutual of Omaha and Principal. Traditional long-term care will also be available through Mutual of Omaha.

“We are extremely pleased to add Allstate’s network of 7,000+ representatives to our insurance platform,” said Michael Kalen, CEO of Covr. “Their business owners and individual customer base fits perfectly with our portfolio of simplified life, LTC, and disability income solutions for agents and their customers.”

“We’re committed to expanding solutions that better meet our customers’ protection needs,” said Scott Delaney, President and CEO, Allstate Financial Services. “With Covr’s digital platform, our representatives can deliver a more connected experience and offer a broader range of insurance options tailored to each customer’s unique needs.”

Allstate representatives will collaborate closely with Covr’s sales team to ensure ongoing support. Allstate Financial Services will also benefit from Covr’s top-tier case management services, providing end-to-end support throughout the entire insurance process.

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SOURCE Covr Financial Technologies

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