Europe Unmanned Surface Vehicle (USV) Market, By Type (Surface, Sub-Surface), Application (Defense, Commercial, Scientific Research, Others), Operation (Remote Operated Surface Vehicle, Autonomous Surface Vehicle), Endurance (100-500 hours, <100 hours, 500-1000 hours and >1000 hours), System (Propulsion, Chassis Material, Payload, Component, Software, Communication), Hull Type (Catamaran (Twin Hulls), Kayak (Single Hull), Trimaran (Triple Hulls), 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)), Country (U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey and Rest of Europe) Industry Trends and Forecast to 2027
Market Analysis and Insights: Europe Unmanned Surface Vehicle (USV) Market
Unmanned surface vehicle (USV) market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.5% in the forecast period of 2020 to 2027 and expected to reach USD 555.19 million by 2027. Increasing contamination of ocean fresh waters and increasing use of wave energy to power unmanned surface vehicle (USV) are major factors for the market growth.
The major factors driving the growth of the unmanned surface vehicle (USV) market is increasing contamination of the ocean fresh waters, increasing use of solar power in unmanned surface vehicle (USV), increasing asymmetric threats and use of unmanned surface vehicle (USV) in defense, increasing use of unmanned surface vehicle (USV) in commercial exploration and increasing use of unmanned surface vehicle (USV) for oceanography. Availability of unmanned underwater vehicle (UUV) as an alternative and lack of collision detection capability of the unmanned surface vehicles (USV) are the major restraints for unmanned surface vehicle (USV) market.
This unmanned surface vehicle (USV) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Unmanned Surface Vehicle (USV) Market Scope and Market Size
Unmanned surface vehicle (USV) market is segmented into seven notable segments which are based on type, application, endurance, operation, system, hull type and size. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the unmanned surface vehicle (USV) market has been segmented into surface and sub-surface. In 2020, surface segment has been accounted for the largest market share in type segment and is expected to grow at higher rate as this type of vehicle is dominantly used for a wide variety of applications.
- On the basis of application, the unmanned surface vehicle (USV) market has been segmented into defense, commercial, scientific research and others. In 2020, defence segment has been accounted for the largest market share in application segment and is expected to grow at higher rate as naval forces globally are adopting and attaching it with armed weapons such as torpedoes and counter surveillance systems.
- On the basis of endurance, the unmanned surface vehicle (USV) market has been segmented into 100-500 hours, <100 hours, 500-1000 hours and >1000 hours. In 2020, remote operated vehicle segment has been accounted for the largest market share in operation segment as it is more convenient to use remotely from a base station. However, autonomous surface vehicle segment is expected to grow at the highest rate due to the advancements in Artificial Intelligence (AI) and machine learning algorithms.
- On the basis of operation, the unmanned surface vehicle (USV) market has been segmented into remote operated surface vehicle and autonomous surface vehicle. The growing demand from the military authorities due to the alignment with the timeframe of their operation is fuelling the 100-500 hours segment.
- On the basis of system, the unmanned surface vehicle (USV) market has been segmented into propulsion, chassis material, payload, component, software and communication. In 2020, propulsion segment has been accounted for the largest market share in system segment and is expected to grow at higher rate due to expensive nature of propulsion systems which brings in more revenues for the manufacturing companies.
- On the basis of hull type, the unmanned surface vehicle (USV) market has been segmented into catamaran (twin hulls), kayak (single hull), trimaran (triple hulls) and rigid inflatable hull. In 2020, catamaran (twin hull) segment has been accounted for the largest market share in hull type segment and is expected to grow at higher rate as it provides a higher stability when payload is attached.
- On the basis of size, the unmanned surface vehicle (USV) market has been segmented into medium (4 to 8 m), small (less than 4 m), large (8 to 12 m) and extra-large (above 12 m). In 2020, medium (4 to 8 M) segment has been accounted for the largest market share in size (length in meters) segment and is expected to grow at higher rate as most of the products offered in the industry fall in this category.
Europe Unmanned Surface Vehicle (USV) Market Country Level Analysis
Unmanned surface vehicle (USV) market is analysed and market size information is provided by country, type, application, endurance, operation, system, hull type and size.
The countries covered in the Europe unmanned surface vehicle (USV) market report are U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey and Rest of Europe.
Germany in Europe is expected to dominate the unmanned surface vehicle (USV) market as the Germany is heavy procuring autonomous surface vehicles and inducting in their fleet. Expenses have been significantly increased by the government so as predict any incoming threats which can be neutralized by the unmanned surface vehicle (USV). France is expected to follow Germany as the defence ministry has announced to procure autonomous surface vehicles for their navy. Various other business entities are also using these USV for their own exploration and research purposes.
The country section of the Europe unmanned surface vehicle (USV) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing use of Solar Batteries to Power Unmanned Surface Vehicles (USV)
Unmanned surface vehicle (USV) market also provides you with detailed market analysis for every country growth in installed base of different kind of products for USV software, impact of technology using life line curves and changes regulatory scenarios and their impact on the unmanned surface vehicle (USV) market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Unmanned Surface Vehicle (USV) Market Share Analysis
Unmanned surface vehicle (USV) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to unmanned surface vehicle (USV) market.
The major players covered in the unmanned surface vehicle (USV) market report are Kongsberg Maritime, L3Harris ASV (a subsidiary of L3Harris Technologies, Inc.), ATLAS ELEKTRONIK GmbH, Clearpath Robotics Inc., Elbit Systems Ltd., Teledyne Technologies Incorporated and Textron Systems (A Subsidiary of Textron Inc.), ECA GROUP among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In January 2019, Clearpath Robotics Inc. has received a major update in the form of a simulator utilizing the Gazebo software. The sensors and control systems are an exact replica of the actual Heron. The simulator has been programmed with pre-constructed terrains to check their feasibility in the real world. It also supports custom made terrains. This has helped the company to improve its USV offering and ensure its viability in real-life scenarios.
- In April 2017, Textron Systems Company has been awarded from the U.S. navy for the two CUSV systems. This development helped the company to increase the good will in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for unmanned surface vehicle (USV) through expanded product range.
Customization Available: Europe Unmanned Surface Vehicle (USV) Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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