The increasing use of solar batteries to power Autonomous Surface Vehicle (ASV) is accelerating the growth of Unmanned Surface Vehicles (USVs). The growing demand for water quality monitoring due to increased levels of pollution and ocean data mapping, which allows scientists to study past climatic conditions, is boosting the growth of Unmanned Surface Vehicles (USVs). In addition, rising maritime security threats are prompting North America navies to induce Autonomous Surface Vehicles (ASVs) in their fleet, giving them an edge, and further accelerating the North America unmanned surface vehicle (USV) market growth. Their diversifying uses in disaster management services especially in search and rescue and preventive maintenance, for protecting the integrity of territorial and enclosed water areas. The rapid adoption in the aquaculture industry, which allows them for real-time monitoring to cater to the growing demand for worldwide fishery products, is expected to create strong opportunities for the North America Unmanned Surface Vehicle (USV) market. However, nascent collision detection technologies and further technological complexities associated with making them truly autonomous pose a challenge to the growth of the North America Unmanned Surface Vehicle (USV) market.
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Data Bridge Market Research analyses that the North America Unmanned Surface Vehicle (USV) Market is expected to grow at a CAGR of 13.8% from 2023 to 2030 and is expected to reach USD 1,003.73 million by 2030. An increase in demand for air travel is expected to drive market growth.
Key Findings of the Study
Increasing asymmetric threats and use of unmanned surface vehicles (USV) in defense.
Unmanned Surface Vehicles (USV) have been revolutionized for naval purposes for the past few years. These vehicles have been evolving from tools to carry out many tasks to systems capable of operating with a high degree of autonomy. Moreover, most countries are facing asymmetricity in warfare due to various reasons, such as developing different strategies framed by different defense departments and many more.
Unmanned Surface Vehicle (USV) is being considered as the most optimum option for surveillance in order to protect from any sort of threats. This has even led to the high usage of Unmanned Surface Vehicles (USV) by the defense leading to high market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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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))
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Countries Covered
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U.S., Canada and Mexico
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Market Players Covered
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Elbit Systems Ltd. (Israel), Rafael Advanced Defense Systems Ltd. (Israel), Boeing (Virginia), Utek (Singapore), Seafloor Systems, Inc. (United States), SeaRobotics Corporation (United States), Saildrone Inc. (United States), Deep Ocean Engineering, Inc. (Norway), Kongsberg Maritime (Norway), L3Harris Tecnologies, Inc. (United States)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The North America unmanned surface vehicle (USV) market is segmented into seven notable segments based on type, application, endurance, operation, system, hull type, and size.
- On the basis of type, the North America unmanned surface vehicle (USV) market is segmented into surface and sub-surface.
In 2023, the surface segment is expected to dominate the market
In 2023, the surface segment is expected to dominate the market with a 71.92% market share because this type of vehicle is used for various applications such as exploration, security purposes, weather monitoring, and many others.
- On the basis of application, the North America unmanned surface vehicle (USV) market is segmented into defense, commercial, scientific research, and others.
In 2023, the defense segment is expected to dominate the market
In 2023, the defense segment is expected to dominate the market with a 44.98% market share because naval forces North America by adopt and attach it with armed weapons such as torpedoes and counter-surveillance systems.
- On the basis of endurance, the North America 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 market, growing with a CAGR of 14.7% in the forecast period of 2023 to 2030
- On the basis of operation, the North America unmanned surface vehicle (USV) market is segmented into remote operated surface vehicle, and autonomous surface vehicle (ASV). In 2023, the remote operated surface vehicle segment is expected to dominate the market, growing with a CAGR of 13.3% in the forecast period of 2023 to 2030
- On the basis of system, the North America unmanned surface vehicle (USV) market is segmented into propulsion, chassis material, payload, component, software, and communication. In 2023, the propulsion segment is expected to dominate the market, growing with a CAGR of 14.6% in the forecast period of 2023 to 2030
- On the basis of hull type, the North America unmanned surface vehicle (USV) market is segmented into catamaran (twin hulls), kayak (single hull), trimaran (triple hulls), and rigid inflatable hull. In 2023, the remote operated surface vehicle segment is expected to dominate the market, growing with a CAGR of 14.2% in the forecast period of 2023 to 2030
- On the basis of size, the North America 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 remote operated surface vehicle segment is expected to dominate the market, growing with a CAGR of 14.3% in the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the North America unmanned surface vehicle (USV) market are Elbit Systems Ltd. (Israel), Rafael Advanced Defense Systems Ltd. (Israel), Boeing (Virginia), Utek (Singapore), Seafloor Systems, Inc. (United States), among others.
Market Developments
- In February 2022, Teledyne Technologies Incorporated announced the contract of the United States Geological Survey (USGS) for up to USD 16 million over a five-year period to supply USVs. This will help the company to get recognized in the market and increases the brand value of company.
- In May 2022, Saildrone, Inc. announced that the company had won the 2022 Ocean Award. This will help the company to ensure the product performance to the customers and attract new customers by building trust value for the company.
- In August 2022, Saildrone, Inc. announced the partnership with Austal USA to build high-tech USV in Alabama. This will help the company to develop better products and enhance the product portfolio of the company.
- In September 2022, iXblue SAS won the award for European Railway Innovation Awards. This recognition will help the company improve its trust value in the market and increase the number of customers, accelerating revenue growth.
- In October 2022, Teledyne Technologies Incorporated announced that the Ministry of Defense of Poland had procured GAVIA AUV. This contract will help the company to expand the company's business and accelerate revenue growth.
Regional Analysis
On the basis of geography, the North America unmanned surface vehicle (USV) market is sub-segmented into the U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
U.S. is expected to dominate the North America unmanned surface vehicle (USV) market in the forecast period of (2023-2030).
U.S. is expected to dominate the North America unmanned surface vehicle (USV) market due to the countries in the region adopting Unmanned Surface Vehicles (USVs) in naval systems.
U.S. is the fastest growing region in the North America Unmanned Surface Vehicle (USV) Market with CAGR of 14.1% for the forcast period of (2023-2030).
In 2023, the U.S. region is expected to be the fastest growing region because the integration of different countries' defense systems.
For more detailed information about the North America Unmanned Surface Vehicle (USV) Market report, click here – https://www.databridgemarketresearch.com/reports/north-america-unmanned-surface-vehicle-usv-market
