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Global Unmanned Surface Vehicle (USV) Market – Analysis and Forecast (2021-2027)

On the basis of mode of operation, the global unmanned surface vehicle market is segmented into autonomous surface vehicle and remotely operated surface vehicle. Amongst these segments, autonomous surface vehicle segment is expected to generate larger revenue by 2027 due to excessive utilization of these vehicles in commercial and defense applications.

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Global Unmanned Surface Vehicle (USV) Market – Analysis and Forecast (2021-2027)

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  1. Global Unmanned Surface Vehicle (USV) Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Unmanned Surface Vehicle (USV) Market The global unmanned surface vehicle (USV) market was valued at USD 1,513.0 million in 2019 and is expected to reach USD 3,098.0 million by 2027, growing at a CAGR of 13.0% during 2021-2027. The growth of this market is attributed towards rapid need for mapping data pertaining to ocean globally along with extensive requirement for maritime security. These vehicles are extremely efficient in estimating the threats and monitoring water quality. In order to prevent water bodies from getting contaminated the government authorities globally are undertaking initiatives in order to combat this situation and unmanned surface vehicle performs significant role and helps the government in conducting surveillance. Unmanned surface vehicle (USV) commonly known as autonomous surface vehicles operates on the water surface without any requirement of crew or person on it. These vehicles are considered to be extremely affordable as compared to that of other research and weather vehicles.

  4. Global Unmanned Surface Vehicle (USV) Market Extensive contamination undertaking in the ocean fresh waters and requirement of preventing the contamination along with increasing need for trustable, highly advances and reliable USVs specifically in the military domain are the key factors that are driving the growth of global unmanned surface vehicle market. Unmanned surface vehicle in military domain is used for mine hunting and discovering seaborne targets. Moreover, USVs are considered to be crucial vehicles for using it in hydrographic survey. Utilizing small USV in parallel to conventional survey vessels act as a force multiplier aims at doubling survey coverage and thereby reducing the on-time site. Lack of capability of collision detection of the USVs, availability of low cost unmanned underwater vehicle and remotely operated underwater vehicle are they factors that are anticipated to hinder the growth of global unmanned surface vehicle market.

  5. Global Unmanned Surface Vehicle (USV) Market Key players in the unmanned surface vehicle (USV) market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Some of the major players operating in the global unmanned surface vehicle (USV) market are Textron Inc., ECA Group, Rafael Advanced Defense Systems, ASV Global, Israel Aerospace Industries, Atlas Elektronik, Teledyne Technologies, 5G International, SeaRobotics, Liquid Robotics, Maritime Robotics, and Elbit Systems.

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