openPR Logo
Press release

Unmanned Surface Vehicle (USV) Market Booming Worldwide with Latest Trend and Future Scope by 2028

06-27-2022 02:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global unmanned surface vehicle (USV) market is estimated to grow at a CAGR of nearly 14.0% during the forecast period. A significant rise in defense contracts for the development of unmanned surface vehicles is offering an opportunity for the growth of the market. The Navy has an increasing interest in USVs for maritime operations. This allows to carry out a comprehensive range of tasks, including intelligence surveillance and reconnaissance (ISR)), mine countermeasures (MCM), and anti-submarine warfare (ASW). The rising shift from manned vehicles to unmanned vehicles has been primarily contributing to the development of USVs for naval operations.

To Request a Sample of our Report on Unmanned Surface Vehicle (USV) Market: https://www.omrglobal.com/request-sample/unmanned-surface-vehicle-usv-market

In February 2020, the US Navy selected 40 companies to develop USVs which will share contracts amounting to $982.1 million to support the USV family of systems. The contract is for five years and comprises three one-year options. All 40 companies will get $1,000 up-front, and in the next five to eight years will compete for individual delivery orders for USV propulsion systems, sensor and sensor-processing payloads, integrated unmanned surface vessels, and other phases of advanced USV design. These contractors will focus on vehicle autonomy and navigation, sensors and sensor processing, logistics and sustainment, and ashore and host platform elements. The companies selected to participate in the next-generation unmanned surface vehicle project include BAE Systems, Advanced Acoustic Concepts LLC, Continental Tide Defense Systems Inc., Gibbs & Cox, Inc., L3Harris Technologies and Lockheed Martin Corp.

In January 2018, Leonardo was awarded the most important project, OCEAN2020, which is associated with the first European Defence Fund's initiative. The project aims to encourage defence capabilities of Europe. This will stimulate technological research of Europe in the naval domain by the incorporation of unmanned platforms in interdiction and surveillance missions. OCEAN2020 project will see unmanned platforms of several kinds (surface, fixed-wing, underwater, rotary wing) combined with command and control centres of naval units'. This will support naval operations for data exchange through satellite, with command and control centres on land. The combined and cooperative application of both manned and unmanned vehicles are shown in the project.
Italian Navy continue to make contributions to OCEAN2020 project, including making available naval assets and helicopters and the development of operational scenarios. The project will comprise two live demonstrations of maritime interdiction and surveillance operations, performed by European fleets with the use of unmanned surface vessels, aircraft, and underwater systems. The Navy considers USVs as a cost-effective, high-endurance, and reconfigurable ships with sufficient capacity to carry several modular payloads. This shift towards USVs is offering an opportunity for increasing application of these vehicles in defense sector, which in turn, will contribute to the growth of the global USV market.

A full Report of Unmanned Surface Vehicle (USV) Market is Available @ https://www.omrglobal.com/industry-reports/unmanned-surface-vehicle-usv-market

Global USV Market- Segmentation

By Application

• Defense
• Commercial

By Size
• Small
• Medium
• Large

Global USV Market- Segment by Region

North America
• United States
• Canada
Europe
• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific
• India
• China
• Japan
• South Korea
• Rest of APAC
Rest of the World
• Latin America
• Middle East & Africa

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.)
• Marine Advanced Research Inc.
• Maritime Tactical Systems (MARTAC), Inc.
• Ocean Aero
• Ocius Technologies
• QinetiQ Group
• Rafael Advanced Defense Systems Ltd.
• SeaRobotics Corp.
• Teledyne Technologies Inc.
• Textron Systems Corp.
• thyssenkrupp AG
Reasons to buy from us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Unmanned Surface Vehicle (USV) Market Booming Worldwide with Latest Trend and Future Scope by 2028 here

News-ID: 2663830 • Views: 95

More Releases from Orion Market Research

US 3D Scanning Market to Witness Growth Acceleration by 2028
The US companies contribute a significant market share in the 3D scanning market. The companies, which will share a momentous market share, are 3D Digital Corporation, 3D Systems Inc. Autodesk Inc. and so on. Additionally, more accurate and precise 3D scanners are available in the market of the US, and hence along with the high number of unit sells, it is estimated that the average cost of the scanner will
Global Smart Indoor Garden Systems Market Worldwide Industry Analysis, Future De …
The global smart indoor garden systems market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. The smart indoor gardening system features technology that allows users to grow fresh herbs, vegetables, fruits, as well as flowers in a closed environment with high nutrition without using plant hormones, pesticides, and other harmful substances. Smart indoor gardening systems are compact and have several features such as smart
Global Online Reading Platform Market Competitive Landscape, Growth Factors, Rev …
The global online reading platform market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. One of the core factors that is fueling the market growth includes the high smartphone and tablet penetration across the globe. Over the past few years, the smartphone and tablet market witnessed exponential sales growth due to an easy excess of internet which enhanced the availability of e-books for most
Pseudomonas Aeruginosa Pneumonia Drug Market Will Generate Record Revenue by 202 …
Pseudomonas is a type of bacteria which is found in the environment, such as in soil and water. Pseudomonas aeruginosa infections occur in people with weakened immune systems or in the hospital where there is a high risk of infection and is risky for patients with chronic lung diseases. The major factor driving the demand for pseudomonas aeruginosa pneumonia drug is the new product launches and drugs approval across the

All 5 Releases