Global Unmanned Surface Vehicle Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Unmanned Surface Vehicle Market: Overview
“The global unmanned surface vehicle market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The unmanned surface vehicle is also called an autonomous surface vehicle which operates on the surface of the water without any team. They are not as costly as weather vehicles, research vehicles, and others.
The key component which is useful in driving unmanned systems is the unmanned auto pilot system. They are useful for exploring places where the climatic condition Is uneven. The unmanned surface vehicle is respected in oceanography, as these vehicles are more capable than secured or drifting weather floats.
Global Unmanned Surface Vehicle Market: Dynamics
Increasing demand for oceanic security water quality monitoring and dangers coupled with an increasing need for ocean data and mapping are the major factors expected to drive the target market.
In addition, increasing awareness of various manufacturers and their preference to finance in the unmanned surface vehicle market is another factor expected to drive the global unmanned surface vehicle (USV) market.
However, the existence of low-cost independent underwater vehicles and remotely functioned underwater vehicles are some major factors hampering the target market to a certain extent.
Furthermore, increasing investment of government organizations and private agencies in the manufacturing and development of advanced and efficient USVs is another factor expected to drive the growth of the target market.
Global Unmanned Surface Vehicle Market: Segment Analysis
On the basis of application, the defense segment is expected to dominate the global market in terms of market share. Due to the increasing importance of navies across the world for many purposes, including reconnaissance, surveillance, mine countermeasures, and anti-submarine warfare.
This is the factor expected to drive the growth of the defense segment. On the basis of size, the small segment dominates the global market in terms of revenue.
On the basis of operation, the intelligence surveillance and reconnaissance (ISR) segment dominates the global market in terms of share. On the basis of payload sides can sonar segment dominates the global market over the forecast period.
Global Unmanned Surface Vehicle Market: Regional Analysis
Currently, the North American market accounts for the largest share and is likely to drive growth over the forecast period. Rapid technological developments and the growing occurrences of violence in countries, and is a factors expected to drive the growth of the target market in this region.
Asia Pacific market in expected to observed fastest growth in terms of revenue in the near future, due to increasing demand for ocean data mapping and water quality monitoring, are among some factors driving growth of the target market in Asia Pacific region.
Europe is also accounted for the major moderate revenue growth over next 10 years, due to increasing demand for autonomous surface vehicles by navies for oceanographic studies and ISR activities. In addition, markets in the Middle East and Africa expected to witness average market share over the forecast period, followed by Latin America in the global unnamed surface vehicle market.
Global Unmanned Surface Vehicle Market Segmentation:
Segmentation by application:
- Scientific Research
Segmentation by size:
- Extra Large
Segmentation by modes of operation:
- Intelligence Surveillance and Reconnaissance (ISR)
- Mine Counter Measures (MCM)
- Anti-Submarine Warfare
- Oil & Gas Explorations
- Oceanology Data Mapping
Segmentation by payload:
- Sidescan Sonar
- Towed Array
- Dipping Sonar
- Mini Autonomous Underwater Vehicle
- Expandable Mine Neutralizers
- Unmanned Aerial Vehicle
- Geotechnical Seabed Data Collector
- Underway Water Column Profilers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 5G International Private Limited
- Autonomous Surface Vehicles Limited
- Atlas Elektronik GmbH.
- Eca Group
- Elbit Systems Ltd.
- Liquid Robotics, Inc.
- Rafael Advanced Defense Systems Ltd.
- Teledyne Technologies, Inc.
- Textron, Inc.
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