Unmanned Surface Vehicle (USV) Market Growth to be Driven by Emerging Trends | $1.84 Billion by 2029

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What is the Projected Market Size of the Unmanned Surface Vehicle (USV) Industry?
The market size of the unmanned surface vehicle (usv) has been ballooning precipitously in the last few years. It is projected to surge from $1.11 billion in 2024 to $1.23 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.5%. This remarkable expansion during the historical period is credited to multiple factors including the demand for maritime surveillance and security, commercial utilization in shipping and logistics, scientific research and investigation of the ocean, environmental observation and preservation, as well as naval mine countermeasures.

What Will Be the Size of the Unmanned Surface Vehicle (USV) Market by 2029?
There is an anticipation of a swift expansion in the market size of the unmanned surface vehicle (usv) in the upcoming years. Projected to escalate to $1.84 billion by 2029, it has a predicted compound annual growth rate (CAGR) of 10.6%. The growth during this forecast period is due to factors such as usage in the offshore energy sector, the advancement of autonomous navigation systems, wider applications in maritime research, integration with unmanned aerial vehicles (uavs), and an overall surge in maritime trade globally. Significant trends for the forecast period comprise the use of usvs in oceanographic research, emphasis on a modular and scalable design, incorporation of remote sensing technologies, broadening of usv applications in the defense sector, and increased usage in maritime security.

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What Are the Key Drivers Accelerating Growth in the Unmanned Surface Vehicle (USV) Market?
The increase in maritime security threats is anticipated to fuel the expansion of the unmanned surface vehicle (USV) market. These threats are comprised of diverse risks and challenges that can pose a threat to the safety, security, and operations of maritime activities. These risks can include potential acts of terrorism, piracy, robbery, unlawful transport of goods and people, illegal fishing, among other challenges. Unmanned surface vehicles (USVs) are utilized in maritime security to conduct tasks such as surveilling, patrolling, and monitoring maritime regions, which aids in the improvement of situational awareness, real-time data collection, as well as support provision in areas that may be hazardous or hard for manned vessels to access. USVs can work together with other human-operated vessels to enhance the ability of the security forces to detect and address crises in marine areas. For example, in July 2023, as stated by the International Chamber of Commerce, a Paris-based organization, there were 65 documented episodes of piracy and armed robbery against ships in the first half of 2023. This shows a significant climb from the 58 incidents reported during the equivalent period in 2022. Hence, the surge in maritime security threats stimulates the development of the unmanned surface vehicle (USV) market.

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How Is the Unmanned Surface Vehicle (USV) Market Segmented by Type, Application, and Region?
The unmanned surface vehicle (usv) market covered in this report is segmented -

1) By Type: Surface, Sub-Surface
2) By Mode of Operation: Autonomous Surface Vehicle, Remotely Operated Surface Vehicle
3) By Hull Type: Catamaran (Twin Hulls), Kayak (Single Hull), Trimaran (Triple Hulls), Rigid Inflatable Hull
4) By Size: Small, Medium, Large, Extra Large
5) By Application: Defense, Commercial, Scientific Research, Other Applications

Subsegments:
1) By Surface: Small Surface Vehicles, Medium Surface Vehicles, Large Surface Vehicles
2) By Sub-Surface: Autonomous Underwater Vehicles (AUVs), Remotely Operated Vehicles (ROVs)

What Are the Key Trends Driving Growth in the Unmanned Surface Vehicle (USV) Market?
The emergence of technological innovations presents a prominent trend in the unmanned surface vehicle market. Large firms in this sector are looking to innovate their product offerings to maintain a competitive edge in the industry. For example, Sefine Shipyard-Aselsan, a ship manufacturing company based in Turkey, launched in September 2022, the Marlin SDA, the maiden unmanned surface vehicle capable of electronic warfare. This vehicle is designed for engagement in naval warfare activities for both defensive and offensive strategies in diverse environments such as the open sea and coastal areas. The Marlin SDA's technology equips the autonomous vehicle to track enemy ships and possibly interfere with their radar systems. Beyond this, it could be leveraged for intelligence collection, electronic warfare, target identification and detection, and underwater and surface reconnaissance and surveillance.

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Who Are the Leading Companies Driving Growth in the Unmanned Surface Vehicle (USV) Market?
Major companies operating in the unmanned surface vehicle (USV) market include 5G International Inc., L3Harris 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,Thales Group, Fugro NV, Open Ocean Robotics, RanMarine Technology, Xera Robotics Pvt. Ltd., Physical Sciences Inc., Metron Inc., ASV Global, ROV Aerospace Corp., Mesodyne, Blue Bear Plastics Private Limited, Oceaneering International Inc., Waertsilae SAM Electronics

Which Is the Leading Region in the Global Unmanned Surface Vehicle (USV) Market?
North America was the largest region in the unmanned surface vehicle (USV) market in 2024. The regions covered in the unmanned surface vehicle (USV) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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