Unmanned Surface Vehicle Market
Global Unmanned Surface Vehicle Market Size, Share & Trends Analysis Report by Size (Small, Medium, and Large), by Mode of Operation (Autonomous Surface Vehicle, and Remotely Operated Surface Vehicle), and by Application (Defense, and Commercial) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global unmanned surface vehicle market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. One of the major factors that are projecting considerable growth in the market is the growing demand for water quality monitoring systems. Unmanned surface vehicles (USVs) are armed with various payload sensors which are used for oceanographic data mapping and research, primarily. These vehicles are mostly used for measuring water quality, pH values, temperature, salinity, and currents, in addition, to understanding the dynamics of the ocean. Checking water quality via USVs has several benefits compared to the manual water sampling technique.
Impact of COVID-19 Pandemic on Global Unmanned Surface Vehicle Market
COVID-19 pandemic had significantly impacted most industries owing to the nationwide lockdowns across the globe in most of the countries. The lockdown had restricted most of the production work which dented the industries including the unmanned surface vehicle industry. This led the governments to a huge economic crisis, which resulted in the cutting budget of the defense sector of most of the nations. This resulted in a decline in the demand for the USVs. As per the 2020 annual report of Teledyne Technologies Inc., to respond to the impact of COVID-19, in 2020 the Company took actions to reduce headcount by 9.8% across various businesses, reducing its exposure to weak end markets. The Company paid $29.0 million, $484.0 million, and $3.1 million on acquisitions with other investments, net of cash acquired in 2020, 2019, and 2018, respectively. However, as the situation got normal, the tension between the countries such as India, Pakistan, China, Russia, the USA, and others have increased which boosted the demand for the USVs in the global market.
Segmental Outlook
The global unmanned surface vehicle market is segmented based on the size, mode of operation, and application. Based on the size, the market is segmented into small, medium, and large. Based on the mode of operation, the market is sub-segmented into the autonomous surface vehicle and remotely operated surface vehicle. Based on the mode of operation, the market is sub-segmented into defense, and commercial. The above-mentioned segments can be customized as per the requirements.
Global Unmanned Surface Vehicle Market Share by Application, 2021 (%)
The Defense Segment is Anticipated to Grow Fastest in the Global Unmanned Surface Vehicle Market
The defense segment is anticipated to grow fastest during the forecast period in the global Unmanned Surface Vehicle market. One of the major factors that are fueling the market in the growing tensions between the countries in recent years which has increased the demand for the USVs in the defense sector for ISR, Mine Countermeasure, firefighting, maritime security, anti-submarine warfare, electronic warfare, and maritime interdiction operation support, among others. For instance, in August 2020, The US Navy granted L3Harris Technologies a contract for the Medium Unmanned Surface Vehicle (MUSV) program. This contract was the US Navy's first USV program to support its Distributed Maritime Operations plan.
Regional Outlooks
The global Unmanned Surface Vehicle market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement.
Global Unmanned Surface Vehicle Market Growth, by Region 2022-2028
The North America Region Anticipated to Grow Significantly in the Global Unmanned Surface Vehicle Market
North America accounted for significant growth in the market during the forecast period. The major factor behind the USV market growth projection is the existing investment in innovation and R&D by the government, private sector, and academia on an exploration of technology related to marine systems. The National Oceanic and Atmospheric Administration (NOAA) Research office and the Office of Naval Research (ONR) conduct a lot of research in the field. The development of USVs has been led by the ONR such as the mine-detecting unmanned influence sweep system (UISS), which can be carried by a common unmanned surface vehicle (CUSV) made by Textron. Moreover, increased defense-related expenditure and increasing geopolitical tensions with other nations are expected to drive the demand for the USVs market in the region. For instance, in February 2022, The US Navy proposed an FY2022 budget requesting $434.1 million in research and development funding for three types of large unmanned vehicles (UVs) called Large Unmanned Surface Vehicles (LUSVs), Medium Unmanned Surface Vehicles (MUSVs), and Extra-Large Unmanned Undersea Vehicles (XLUUVs) and their enabling technologies.
Market Players Outlook
The major companies serving the global Unmanned Surface Vehicle market include ECA Group, Elbit Systems Ltd., Kongsberg Gruppen ASA, L3Harris Technologies, Inc., Teledyne Technologies Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2021, L3Harris Technologies received a contract to deliver the first Unmanned Surface Vehicle (USV) built specifically to protect the environment and its emergency response personnel during oil spill response operations.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global unmanned surface vehicle market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Unmanned Surface Vehicle Market
- Recovery Scenario of Global Unmanned Surface Vehicle Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ECA Group
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Elbit Systems Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Kongsberg Gruppen ASA
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. L3Harris Technologies, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Teledyne Technologies Inc.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Unmanned Surface Vehicle Market by Size
4.1.1. Small
4.1.2. Medium
4.1.3. Large
4.2. Global Unmanned Surface Vehicle Market by Mode of Operation
4.2.1. Autonomous Surface Vehicle
4.2.2. Remotely Operated Surface Vehicle
4.3. Global Unmanned Surface Vehicle Market by Application
4.3.1. Defense
4.3.2. Commercial
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 5G International Inc.
6.2. ATLAS ELEKTRONIK GmbH
6.3. Buffalo Automation Group
6.4. Liquid Robotics
6.5. Maritime Tactical Systems, Inc.
6.6. Open Ocean Robotics
6.7. Rafael Advanced Defense Systems Ltd.
6.8. Saildrone
6.9. SeaRobotics Corp.
6.10. Textron Systems Corp.
1. GLOBAL UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY SIZE, 2021-2028 ($ MILLION)
2. GLOBAL SMALL UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL MEDIUM UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LARGE UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY MODE OF OPERATION, 2021-2028 ($ MILLION)
6. GLOBAL AUTONOMOUS UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL REMOTELY OPERATED UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL DEFENSE UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL COMMERCIAL UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY SIZE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY MODE OF OPERATION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY SIZE, 2021-2028 ($ MILLION)
18. EUROPEAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY MODE OF OPERATION, 2021-2028 ($ MILLION)
19. EUROPEAN UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY SIZE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY MODE OF OPERATION, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. REST OF THE WORLD UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY MODE OF OPERATION, 2021-2028 ($ MILLION)
27. REST OF THE WORLD UNMANNED SURFACE VEHICLE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL UNMANNED SURFACE VEHICLE MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL UNMANNED SURFACE VEHICLE MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL UNMANNED SURFACE VEHICLE MARKET, 2022-2028 (%)
4. GLOBAL UNMANNED SURFACE VEHICLE MARKET SHARE BY SIZE, 2021 VS 2028 (%)
5. GLOBAL SMALL UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL MEDIUM UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL LARGE UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL UNMANNED SURFACE VEHICLE MARKET SHARE BY MODE OF OPERATION, 2021 VS 2028 (%)
9. GLOBAL AUTONOMOUS UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL REMOTELY OPERATED UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL UNMANNED SURFACE VEHICLE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
12. GLOBAL DEFENSE UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL COMMERCIAL UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL UNMANNED SURFACE VEHICLE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
17. UK UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD UNMANNED SURFACE VEHICLE MARKET SIZE, 2021-2028 ($ MILLION)
