Unmanned Surface Vehicle Market Size, Share, Growth Insights and Report 2024-2031 | ECA Group, Teledyne Technologies, Elbit Systems

Unmanned Surface Vehicle Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Unmanned Surface Vehicle market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Unmanned Surface Vehicle Usv market from 2024 to 2031, and what is the market value expected to change by 2031?

Unmanned Surface Vehicle (USV) Market is expected to grow at a CAGR of 13.9% during the forecast period 2024-2031

What is Unmanned Surface Vehicle Market?

An Unmanned Surface Vehicle (USV) is a self-propelled, unmanned watercraft designed to operate on the surface of lakes, rivers, and oceans. Equipped with sensors, cameras, communication systems, and navigation technology, USVs can be programmed to perform a wide range of tasks autonomously, without human intervention. These versatile vehicles are utilized in various applications, including environmental monitoring, data collection, search and rescue missions, as well as military and security operations.

Growth Driver

The growing demand for maritime surveillance is a key driver of the global Unmanned Surface Vehicle (USV) market. As the maritime industry expands and shipping activities increase, the need for enhanced security in coastal and border regions has become paramount. USVs, equipped with advanced sensors, cameras, communication systems, and navigation technology, are highly sought after for monitoring and surveillance tasks.

These vehicles can operate in hazardous environments, performing critical tasks without endangering human lives, which makes them an appealing option for maritime security. USVs can be programmed to patrol designated areas, monitor shipping traffic, identify potential security threats, and provide real-time data and imagery to decision-makers. Their capability to gather and transmit immediate information enables authorities to make timely and informed decisions.

Consequently, the rising demand for maritime surveillance is significantly fueling the growth of the global USV market, as these vehicles offer a cost-effective, efficient, and safe solution for monitoring and security within the maritime sector.

Key Players:

Profiles of some of the major players in the global Unmanned Surface Vehicle Usv market, which include: L3Harris Technologies, Textron Inc., Rafael Advanced Defense Systems Ltd., ECA Group, Teledyne Technologies, Elbit Systems, Searobotics, SAAB AB, 5G International and Liquid Robotics.

Industry Development:

In January 2023, Turkish companies Havelsan and Yonca Onuk developed Turkiye's SANCAR AUSV. It offers network-centric operations a capability boost. Operations oriented around networks are compatible with SANCAR's autonomous unmanned surface vessel (AUSV). The ship was put into operation in June 2022 and the first stage of its sea trials was finished in September 2022.

On August 1, 2022, For Rim of the Pacific Exercise (RIMPAC 2022), the largest international maritime warfare exercise ever, L3Harris Technology showed how unmanned surface vehicle technologies might provide essential support for conventional marine forces. The demonstration took place off the shore of Pearl Harbor, Hawaii, from June 29 to August 4, 2022. Nomad, a medium-displacement unmanned surface vehicle operated by the Navy, is equipped with various autonomous L3Harris technologies that allow it to perform strategic missions safely and precisely without needing onboard support personnel. L3Harris control, electro-optical and communication systems are used in the technology.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Unmanned Surface Vehicle Usv market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Size (Small < 3 meters, Medium 3-7 meters, Large 7-14 meters, Extra Large > 14 meters)

By Application (Defense, Commercial)

By System (Propulsion, Component, Communication, Software, Chassis Material, Others)

By Endurance (< 100 hrs*, 100-500 hrs, 500-1000 hrs, > 1000 hrs)

By Hull Type (Single, Twin, Triple, Rigid Inflatable)

By Modes of Operation (Autonomous Surface Vehicle, Remotely Operated Surface Vehicle)

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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