The Global Unmanned Surface Vehicle Market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed a number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.
Unmanned surface vehicles (USV) generally operate on the surface of the water without any crew and are far cheaper than the equivalent weather vehicles and research vehicles. The main component that drives such unmanned systems is the unmanned autopilot system (UAPS20). These vehicles can be used to explore such places, where the climatic condition is rough thereby gathering the necessary information without putting the life of any individual at stake.
Segment Analysis:
On the basis of payload, it is segmented into sonars, sensors, cameras, visual systems, X-band radars, and others. The payload market is generally led by the camera segment as it is cost-effective and provides ample opportunities for more advanced technological developments.
By size, it is segregated into small, medium, large, and extra-large. There has been significant growth in the large segment which can be attributed to the high-value contracts awarded to manufacturers of unmanned surface vehicles for the development of large unmanned surface vehicles and are majorly used in various defense applications, such as ISR activities, combat operations, cargo & resupply, etc.
Based on modes of operation, it is classified into a remotely operated surface vehicle and autonomous surface vehicle. The autonomous surface vehicle is most widely used and preferred due to the increasing use of autonomous surface vehicles in defense and commercial applications, as these vehicles have the ability to conduct any commercial or military operations on their own without any human intervention. The various changes that go on in the surroundings of these vehicles are sensed by on-board sensing devices, and this information is then electronically transmitted to the remotely located human operators.
Key Factors Impacting Market Growth:
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Increased demand for USVs for water quality monitoring and ocean data mapping
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The rapid rise in asymmetric threats and the need for maritime security
Regional Analysis:
By region, the unmanned surface vehicle market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe have been dominant players in this market with the presence of major companies along with strong aerospace & defense infrastructure in the region. In addition to this, some of the major countries in these regions such as US, France, UK, Canada, and others have been global exporters of aerospace & defense technologies with established research & development centers.
The Asia Pacific region is estimated to register fastest growing owing to the presence of some of the major economies including China, India, South Korea, and others in the region. These countries have witnessed strong government spending on defense infrastructure along with the promotion of air transport and space research in recent decades. The Middle East region is estimated to be a potential region for unmanned surface vehicle market during the forecast period. Eastern Europe consisting of Russia and Turkey is estimated to have a stable demand during the forecast period. The rest of the World is expected to be an emerging market with growing demand during the forecast period.
Companies Covered: ASV Global, Teledyne Technologies, Textron Inc., ECA Group, Israel Aerospace Industries, Atlas Elektronik, SeaRobotics, Maritime Robotics, Elbit Systems, Rafael Advanced Defense Systems, 5G International, and Liquid Robotics.
Market Segmentation:
By Payload:
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Sonars
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Sensors
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Cameras
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Visual Systems
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X-band Radars
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Others
By Size:
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Small
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Medium
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Large
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Extra Large
By Modes of Operation :
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Remotely Operated
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Autonomous
By Region:
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North America
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By Country (US, Canada, Mexico)
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By Payload
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By Size
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By Modes of Operation
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Western Europe:
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By Country (Germany, UK, France, Spain, Rest of Western Europe)
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By Payload
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By Size
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By Modes of Operation
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Eastern Europe:
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By Country (Russia, Turkey, Rest of Eastern Europe)
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By Payload
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By Size
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By Modes of Operation
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Asia Pacific
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By Country (China, Japan, India, Rest of Asia Pacific)
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By Payload
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By Size
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By Modes of Operation
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Middle East:
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By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
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By Payload
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By Size
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By Modes of Operation
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Rest of the World
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By Region (Latin America, Brazil, Rest of the World)
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By Payload
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By Size
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By Modes of Operation
Reasons To Buy This Report:
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Market size estimation of the global unmanned surface vehicles (USV) market on a regional and global basis
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The unique research design for market size estimation and forecast
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Profiling of major companies operating in the market with key developments
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Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
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By Segment
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By Sub-segment
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By Region/Country
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