Global Unmanned Surface Vehicle (USV) Market Trends, Size, Forecast - 2019-2025

The global unmanned surface vehicle (USV) market is estimated to grow at a CAGR of nearly 14.0% during the forecast period. Some key factors encouraging the market growth include rising defense contracts for unmanned surface vehicles, significant rise the demand for maritime security, and increasing investment in the oil and gas industry. As more than 80% of the global trade is conducted by sea, there is a significant chance of maritime crime. Therefore, the government is extensively focusing on maritime security to strengthen global peace, governance, and security, and promote global prosperity. In UK, Foreign & Commonwealth Office (FCO) aims to reinforce maritime security program which is invested by Official Development Assistance (ODA) and non-ODA funds.

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A secure and stable maritime domain is crucial for the global economy. Maritime security relies on global co-operation to enforce and set proper standards of action and shared norms, consistent with international law. Maritime crime poses a severe threat to regional stability, international trade, and safety of seafarers. For the financial year 2019 to 2020, ODA offered nearly $1,218,724 to strengthen maritime security programme. In the US, $214 million budget is requested for the Maritime Security Program (MSP) in 2019. This, in turn, leads the demand for unmanned surface vehicles to protect the maritime operations.


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Global Unmanned Surface Vehicle (USV) Market Segmentation

By Application
• Defense
• Commercial

By Size
• Small
• Medium
• Large

Regional Analysis
• North America
o United States
o Canada

• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• Rest of the World

Company Profiles
• 5G International Inc.
• Austal Ltd.
• BAE Systems plc
• Clearpath Robotics Inc.
• Deep Ocean Engineering, Inc.
• ECA Group (Groupe Gorgé Co.)
• Elbit Systems Ltd.
• Gibbs & Cox, Inc.
• L3Harris Technologies, Inc.
• Liquid Robotics, Inc. (Boeing Co.)

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