Press Release

Jun, 27 2023

Navigating the Waves of Opportunity: Exploring the Global Unmanned Surface Vehicle (USV) Market

The development of unmanned surface vehicles (USV) is accelerating due to the growing use of solar batteries to power ASVs. Unmanned surface vehicles (USV) are expanding due to the rising need for water quality monitoring brought on by increased pollution levels and ocean data mapping, which enables researchers to study historical climatic conditions. The rapid advancement of autonomous technology, including sensors, artificial intelligence, navigation systems, and machine learning algorithms, has significantly improved the capabilities and reliability of USVs. These technological developments have enabled USVs to operate autonomously, adapt to changing environments, and execute complex missions with high precision.

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Data Bridge Market Research analyses that the Unmanned Surface Vehicle (USV) Market is expected to reach the value of USD 2,758.17 million by 2030, at a CAGR of 13.7% during the forecast period. USVs offer cost and operational advantages over manned vessels. They eliminate the need for onboard crew, reducing operational costs and minimizing human risks. Additionally, USVs can operate for extended periods without crew changes, enabling longer missions and enhancing operational efficiency.

Unmanned Surface Vehicle (USV) Market

Increasing Demand for Maritime Security is expected to drive the market's growth rate

The increasing demand for maritime security has propelled the adoption of unmanned surface vehicles (USVs). These vehicles play a crucial role in enhancing surveillance and security measures in maritime regions. They can be deployed for various applications, including coastal surveillance, anti-piracy operations, and maritime border control. USVs offer the advantage of being able to operate in challenging environments without risking human lives. Their capabilities in monitoring and patrolling contribute to the overall enhancement of maritime security.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Surface and Sub-Surface), Application (Defense, Commercial, Scientific Research, and Others), Endurance (100-500 Hours, <100 Hours, 500-1000 Hours, and >1000 Hours), Operation (Remote Operated Surface Vehicle and Autonomous Surface Vehicle), System (Propulsion, Chassis Material, Payload, Component, Software, and Communication), Hull Type (Catamaran (Twin Hulls), Kayak (Single Hull), Trimaran (Triple Hulls), and Rigid Inflatable Hull), Size (Medium (4 to 8 M), Small (Less than 4 M), Large (8 to 12 M), and Extra-Large (Above 12 M)).

Countries Covered

U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Maritime Robotics AS (Norway), Elbit Systems Ltd. (Israel)Rafael Advanced Defense Systems Ltd (Israel), Boeing (U.S.), Utek (Ukraine), Seafloor Systems, Inc. (U.S.), SeaRobotics (U.S.),Saildrone Inc. (U.S.), Deep Ocean Engineering, Inc. (U.S.),Zhuhai Yunzhou Intelligent Technology Co., Ltd. (China), Kongsberg Maritime (Norway), Tecnologies, Inc. (U.S.), OCIUS (Australia), ATLAS ELEKTRONIK GmbH (Germany), Clearpath Robotics Inc. (Canada), Teledyne Technologies Incorporated (U.S.), Textron Inc. (U.S.)ECA GROUP (France), 5G Maritime (Singapore)

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis:

The unmanned surface vehicle (USV) market is segmented on the basis of type, application, endurance, operation, system, hull type, and size.

  • On the basis of type, the global unmanned surface vehicle (USV) market is segmented into surface and sub-surface. The surface segment is expected to dominate the global unmanned surface vehicle (USV) market with a CAGR of 13.9% in the forecast period of 2023 to 2030 due to various applications such as exploration, security purposes, weather monitoring, and many others.
  • On the basis of application, global unmanned surface vehicle (USV) market is segmented into defense, commercial, scientific research, and others. The defense segment is expected to dominate the global unmanned surface vehicle (USV) market with a CAGR of 14.1% in the forecast period of 2023 to 2030 due to naval forces globally adopt and attach it with armed weapons.

In 2022, the defense segment is expected to dominate the application segment of global unmanned surface vehicle (USV) market.

In 2022, the defense segment is expected to dominate the global unmanned surface vehicle (USV) market owing to the naval forces globally adopt and attach it with armed weapons such as torpedoes and counter-surveillance systems with a CAGR of 14.1% in the forecast period of 2023 to 2030.

  • On the basis of endurance, the global unmanned surface vehicle (USV) market is segmented into 100-500 hours, <100 hours, 500-1000 hours, and >1000 hours. In 2023, the 100-500 hours segment is expected to dominate the global unmanned surface vehicle (USV) market with a highest CAGR of 14.4% in the forecast period of 2023 to 2030 due to it’s highly beneficial for military operations due to its alignment with the timeframe of the operation.
  • On the basis of operation, the global unmanned surface vehicle (USV) market is segmented into remote operated surface vehicle, and autonomous surface vehicle. The remote operated surface vehicle segment is expected to dominate the global unmanned surface vehicle (USV) market with a CAGR of 13.2% in the forecast period of 2023 to 2030 due to the advancements in Artificial Intelligence (AI) and machine learning algorithms.
  • On the basis of system, the global unmanned surface vehicle (USV) market is segmented into propulsion, chassis material, payload, component, software, and communication. The propulsion segment is expected to dominate the global unmanned surface vehicle (USV) market with a CAGR of 14.4% in the forecast period of 2023 to 2030 due to the expensive nature of propulsion systems, which brings in more revenues for the manufacturing companies.
  • On the basis of hull type, the global unmanned surface vehicle (USV) market is segmented into catamaran (twin hulls), kayak (single hull), trimaran (triple hulls), and rigid inflatable hull. The catamaran (twin hulls) segment is expected to dominate the global unmanned surface vehicle (USV) market with a CAGR of 14.0% in the forecast period of 2023 to 2023 due to higher stability when a payload is attached and reduced wetted surface area and lightweight construction.

In 2022, the catamaran (twin hulls) segment is expected to dominate the hull type segment of the unmanned surface vehicle (USV) market

In 2022, the catamaran (twin hulls) segment is expected to dominate the global unmanned surface vehicle (USV) market owing to the higher stability when a payload is attached and reduced wetted surface area and lightweight construction of catamarans result in lower drag and improved hydrodynamic efficiency, allowing them to achieve higher speeds while consuming less fuel compared to monohulls with a CAGR of 14.0% in the forecast period of 2023 to 2030.

  • On the basis of size, the global unmanned surface vehicle (USV) market is segmented into medium (4 to 8 m), small (less than 4 m), large (8 to 12 m), and extra-large (above 12 m). In 2023, the medium (4 to 8 m) segment is expected to dominate the global unmanned surface vehicle (USV) market with a CAGR of 14.2% in the forecast period of 2023 to 2030 due to most of the products offered in the industry fall in this category.

Major Players

Data Bridge Market Research recognizes the following companies as the major unmanned surface vehicle (USV) market players in unmanned surface vehicle (USV) market are Maritime Robotics AS (Norway), Elbit Systems Ltd. (Israel), Rafael Advanced Defense Systems Ltd (Israel), Boeing (U.S.), Utek (Ukraine), Seafloor Systems, Inc. (U.S.),SeaRobotics (U.S.),Saildrone Inc. (U.S.),Deep Ocean Engineering, Inc. (U.S.),Zhuhai Yunzhou Intelligent Technology Co., Ltd. (China)

Unmanned Surface Vehicle (USV) Market

Market Development

  • In 2022, ECA GROUP designed Critical Design Review to promote autonomous robotic systems in the 3rd generation MCM program. This product has helped the company to expand its product portfolio and enhance the offerings to the customers
  • In 2022, to advance autonomous robotic systems in the third generation MCM program, ECA GROUP created Critical Design Review. This product has assisted the business in enhancing its customer offerings and diversifying its product line.
  • In 2022, Five ARCIMS platforms have now been delivered by Atlas Elektronik UK, bringing the total number of ARCIMS platforms that the Ministry of Defence (MoD) has purchased for the UK Royal Navy (RN) to five mine countermeasure (MCM) unmanned surface vehicles (USVs).
  • In 2021, SEA-KIT International partnered with Kongsberg Maritime to develop a new USV called "HUGIN Endurance USV." This USV is designed for long-endurance operations and can be equipped with various payloads for different applications, including hydrographic surveys and environmental monitoring.
  • In 2019, in collaboration with its naval architecture subsidiary MAURIC, ECA GROUP has expanded its collection of naval drone systems by adding a new USV (Unmanned Surface Vehicle). The new INSPECTOR 125, which is based on an operating platform, is designed for high-seas operations.

Regional Analysis

Geographically, the countries covered in the unmanned surface vehicle (USV) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is expected to dominate region in unmanned surface vehicle (USV) market during the forecast period 2023-2030

The United States is set to dominate the North America region in the unmanned surface vehicle (USV) market due to the presence of numerous influential market players. These established companies possess extensive expertise, resources, and market reach, enabling them to capture a significant market share. Their technological advancements, strong industry networks, and established customer base provide a competitive advantage, cementing the U.S.'s dominance in the USV market within the region.

Europe is estimated to be the fastest growing region in unmanned surface vehicle (USV) market the forecast period 2023-2030

Germany is expected to take the lead in the European region's unmanned surface vehicle (USV) market due to its growing investments in research and development specifically targeted at autonomous vehicles. These focused efforts in advancing autonomous vehicle technologies give Germany a competitive edge, allowing them to position themselves as frontrunners in the USV market within Europe. This strategic approach enhances Germany's prospects for dominance in the region's USV industry.

For more detailed information about the unmanned surface vehicle market report, click here – https://www.databridgemarketresearch.com/reports/global-unmanned-surface-vehicle-usv-market


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