Unmanned Surface Vehicle Market Development 2022: Global Opportunity Analysis and Industry Growth Forecast, 2022-2028

SMI recently published a new study on Unmanned Surface Vehicle Market 2022 - The report focuses on a comprehensive analysis of the current and future prospects of the Unmanned Surface Vehicle industry. The report gives industry overview from around the world and covers An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Unmanned Surface Vehicle market has been performed to analyze the growth rate of each segment and sub-segment. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.

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Unmanned Surface Vehicle Market Overview

Unmanned Surface Vehicle is also known as autonomous surface vehicles and is commonly used for surveillance and reconnaissance, anti-submarine warfare, surveillance and monitoring of shipping, oil and gas exploration, as well as farming and mining applications. The USV's come with a wide array of sensors, cameras, and other components such as sonar and weather conditions sensors which make them more suitable for use in high-risk areas. USV's are smaller and can carry various payloads and are easily transported in and out of the designated locations. They are highly versatile and can carry many different payloads and sensors in one single vehicle.

The increased research in the field of oceanography and hydrography is predominantly fueling the market growth of unmanned surface vehicles. Moreover, rising demand for this vehicle in monitoring water quality and anti-submarine warfare application is again augmenting the market growth. Additionally, increasing investment in the military sector to modernize the industry is further projected to foster the market growth of unmanned surface vehicles. According to Invest India, there was a 5.3% increase recorded in defense allocation in budget 2017-2018 compared to budget 2016-2017. On the other hand, factor such as Unmanned Surface Vehicle is not capable of understanding the situation is expected to hinder the market growth over the forecast period.

From the geographical perspective, North America is expected to gain significant growth over the forecast period and this is attributed to the increasing investment in the autonomous surface vehicles market. For instance, in July 2020, Huntington Ingalls Industries invested $15 million Sea Machines for serving the marine and maritime industries and to expand in the rapidly growing autonomous and unmanned maritime systems industry.

Key Developments:

✤ In March 2019, SeaRobotics launched an autonomous surface vehicle (ASV) workboat - the SR-Endurance 7.0 meter (22.96′) system. The system is optimized for sonar research through the utilization of an optionally manned helm configuration and a serial diesel-electric propulsion system.

✤ In July 2020, The U.S. Navy awarded a $34,999,948 contract to L3 Technologies, Inc. for the development of a single Medium Unmanned Surface Vehicle (MUSV) prototype, with options to procure up to eight additional MUSVs. The award follows a full and open competitive procurement process.

✤ In October 2018, ECA has developed a new Unmanned Surface Vessel (USV), INSPECTOR 120, which is designed to perform all underwater mine clearance missions, from mine detection to their destruction.

Prominent Key players of the Unmanned Surface Vehicle market survey report:

ASV Global, Teledyne Technologies; Inc., Textron, Elbit Systems Ltd.

Key Segments Covered in Unmanned Surface Vehicle Market - Industry Analysis By Types, Applications, and Regions:

Type Outlook -

Small Sized USV, Medium Sized USV, Large Sized USV, Extra-Large Sized USV

Application Outlook -

Defense, Scientific Research, Commercial, Others

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Regional Analysis of the Unmanned Surface Vehicle Market:

The global Unmanned Surface Vehicle Market research report details the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the Market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors.

• North America (United States, Canada, and Mexico),
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What insights does the Unmanned Surface Vehicle Market report provide to the readers?

➜ Unmanned Surface Vehicle fragmentation on the basis of product type, end-use, and region
➜ Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape
➜ Collaborations, R&D projects, acquisitions, and product launches of each Unmanned Surface Vehicle player
➜ Various regulations imposed by the governments on the consumption of Unmanned Surface Vehicle in detail
➜ Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Unmanned Surface Vehicle

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Reasons to Purchase this Report:

1) Qualitative and quantitative analysis of the Unmanned Surface Vehicle Market based on segmentation involving both economic as well as non-economic factors.

2) Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the Unmanned Surface Vehicle Market.

3) Competitive landscape which incorporates the Market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.

4) The current as well as the future Market outlook of the Market with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.

5) Includes in-depth analysis of the market from various perspectives through Porter's five forces analysis.

In the end, the Unmanned Surface Vehicle Market report offers insight and expert analysis of key market trends and behaviors, along with an overview of Market data and major brands. Unmanned Surface Vehicle Market reports provide all data with easily digestible information to drive future innovation and power your business for every established business.

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