Market Overview
The global unmanned surface vehicle (USV) market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030 and growing at a CAGR of 13.9% during the forecast period (2023-2030).
USVs can be remotely operated or operated autonomously using onboard algorithms. They offer several benefits over traditional manned vessels, including increased safety, lower operating costs and the ability to perform tasks in hazardous or remote environments. The growing need for maritime security, particularly in coastal and border regions, is driving demand for USVs equipped with advanced sensors and communication systems for monitoring and surveillance purposes.

Market Dynamics
Burgeoning Demand for Autonomous and Remote-controlled Solutions
USVs are unmanned vehicles that operate on the surface of the water and are typically controlled remotely or autonomously. They are used in various applications, including oceanographic research, maritime security and surveillance, oil and gas exploration and defense and military operations. One of the key drivers of the market growth is the increasing demand for USVs in the defense and military sectors. USVs can be used for various military operations, including surveillance and reconnaissance, mine detection and clearance and anti-submarine warfare. They offer several advantages over manned vessels, including reduced risk to personnel and increased operational flexibility?the growing need for oceanographic research and exploration. USVs collect data on ocean currents, temperatures and salinity. They can be equipped with various sensors to gather information on marine life, underwater topography and environmental conditions.
Limited endurance, range and lack of skilled operators
USVs are becoming increasingly popular for various applications, including defense and security, scientific research and commercial shipping. However, one of the industry’s main challenges is the limited range and endurance of many USVs, which can limit their operational effectiveness. In addition to range and endurance, the lack of skilled operators is also a factor that can limit the growth of USV market. While the technology for autonomous and semi-autonomous USVs is rapidly advancing, skilled operators still need to ensure that these vessels are used safely and effectively.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis
The global chelating agents market is segmented based on size, application, system, endurance, hull type, modes of operation and region.
The growth of propulsion component segment is growing due to its improved efficiency and enhanced payload capacity
A propulsion system is a critical component that contributes to the growth of the global unmanned surface vehicle (USV) market. The propulsion system is responsible for providing the necessary power and speed to operate USV and its efficiency plays a crucial role in determining the vehicle’s overall performance. A highly efficient propulsion system enables USV to travel faster and cover more distance, thereby increasing the operational range of the vehicle. This makes USV more versatile and useful for various applications, including defense, scientific research and environmental monitoring. The propulsion system can also affect the payload capacity of USV. With a more efficient propulsion system, USV can carry more equipment and sensors, enabling it to perform a wider range of tasks and missions.

Geographical Analysis
Owing to the increased adoption of automation and robotics in various end-use industries, Asia-Pacific unmanned surface vehicle market is growing significantly
The Asia-Pacific unmanned surface vehicle market is growing owing to the increasing adoption of automation and robotics in various end-use industries. USVs are becoming popular in the region due to their benefits, including improved safety, reduced operating costs and the ability to operate in harsh environments. Industries such as defense, oil & gas, transportation and oceanographic research are adopting USVs for various applications. The use of advanced technologies, such as artificial intelligence and machine learning, is also driving the market’s growth in Asia-Pacific.

Competitive Landscape
The major global players include L3Harris Technologies, Textron Inc., Rafael Advanced Defense Systems Ltd., ECA Group, Teledyne Technologies, Elbit Systems, Searobotics, SAAB AB, 5G International and Liquid Robotics.
Why Purchase the Report?

  • To visualize the global unmanned surface vehicle (USV) market segmentation based on size, application, system, endurance, hull type, modes of operation and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of unmanned surface vehicle (USV) market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global unmanned surface vehicle (USV) market report would provide approximately 85 tables, 91 figures and 235 Pages.
Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies