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Unmanned Surface Vehicle (USV) Market 2023-2032: Competitive Landscape, Latest Trends, Future Outlook And Major Players | 5G International Inc, L3 Technologies, Atlas Elektronik GmbH, ECA Group, Elbit Systems Ltd
Unmanned Surface Vehicle (USV) Market
The Business Research Company's Unmanned Surface Vehicle (USV) Global Market Report 2023 identifies Rising maritime security threats as the major driver for the Unmanned Surface Vehicle (USV) Market's growth in the forecast period. Maritime security threats refer to various risks and challenges that can compromise the safety, security, and operations of maritime activities such as terrorism, piracy, robbery, illicit movement of goods and persons, illegal fishing, and others. Unmanned surface vehicles (USVs) are used in maritime security for tasks such as surveillance, patrolling, and monitoring maritime areas that help to enhance situational awareness, gather real-time data, and provide support in areas that may be dangerous or difficult for manned vessels to access. The USVs, can operate alongside other human vessels, and improve the security forces' capacity to observe and respond to crises at sea.
The global unmanned surface vehicle market size is expected to grow from $0.91 billion in 2022 to $1.02 billion in 2023 at a compound annual growth rate (CAGR) of 12.14%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global unmanned surface vehicle (USV) market size is expected to reach $1.54 billion in 2027 at a CAGR of 10.94%.
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Major competitors in the Unmanned Surface Vehicle (USV) Market are 5G International Inc, L3 Technologies, Atlas Elektronik GmbH, ECA Group, Elbit Systems Ltd., Liquid Robotics Inc, Rafael Advanced Defense Systems Ltd, SeaRobotics Corporation, Teledyne Technologies Inc., Textron Inc., Israel Aerospace Industries, Maritime Robotics, Kongsberg Maritime, Saab AB, L3Harris Technologies, Thales Group, and Fugro.
A key trend in the Unmanned Surface Vehicle (USV) Market includes technological advancement. Major companies in the unmanned surface vehicle sector are focused on innovating their products to strengthen and sustain their position in the market. For instance, in September 2022, Sefine Shipyard-Aselsan, a Turkey-based ship manufacturer, introduced Marlin SDA, the first unmanned surface vehicle with electronic warfare capability. The Marlin SDA is intended to be utilized in naval warfare operations for both defensive and offensive reasons in coastal and open sea environments. This technology will allow the autonomous vehicle to follow enemy ships and perhaps disrupt their radars. It also can be used for intelligence gathering, electronic warfare, target detection, and identification, and underwater and surface reconnaissance and surveillance.
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The Unmanned Surface Vehicle (USV) Market is segmented -
By Type: Surface, Sub-Surface
By Mode of Operation: Autonomous Surface Vehicle, Remotely Operated Surface Vehicle
By Hull Type: Catamaran (Twin Hulls), Kayak (Single Hull), Trimaran (Triple Hulls), Rigid Inflatable Hull
By Size: Small, Medium, Large, Extra Large
By Application: Defense, Commercial, Scientific Research, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Unmanned Surface Vehicle (USV) Market.
The Business Research Company's "Global Unmanned Surface Vehicle (USV) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Unmanned Surface Vehicle (USV) Market Include:
1. Executive Summary
2. Unmanned Surface Vehicle (USV) Market Characteristics
3. Unmanned Surface Vehicle (USV) Market Trends And Strategies
4. Unmanned Surface Vehicle (USV) Market - Macro Economic Scenario
5. Unmanned Surface Vehicle (USV) Market Size And Growth
……
26. Africa Unmanned Surface Vehicle (USV) Market
27. Unmanned Surface Vehicle (USV) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Unmanned Surface Vehicle (USV) Market
29. Unmanned Surface Vehicle (USV) Market Future Outlook and Potential Analysis
30. Appendix
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