Enjoy complimentary customisation on priority with our Enterprise License!
The unmanned surface vehicle market size is valued to increase by USD 2.31 billion, at a CAGR of 14.19% from 2023 to 2028. Increased research and investment in USVs will drive the unmanned surface vehicle market.
Get Key Insights on Market Forecast (PDF) Request Free Sample
Unmanned Surface Vehicles (USVs) have emerged as a game-changer in various industries, particularly in oil spill response and hydrographic surveying. Compared to manned vessels, USVs offer operational efficiency improvements of up to 30%, reducing labor costs and increasing productivity. In data acquisition and logging, USVs equipped with advanced power systems and communication systems enable real-time data transmission, ensuring compliance with regulatory requirements and enhancing decision-making capabilities. USVs' anti-fouling coatings and hull designs ensure extended endurance capabilities, allowing for longer mission durations and increased payload capacity. Command and control systems enable remote operation and diagnostics, reducing the need for on-site personnel and improving system reliability. USVs' autonomous navigation and obstacle avoidance capabilities enhance maritime security and enable efficient search and rescue missions. Moreover, USVs' sensor integration, water sampling, and image processing capabilities facilitate environmental monitoring and weather forecasting, contributing to sustainable business practices and regulatory compliance. With software platforms for mission planning and GPS tracking, USVs offer network security and inertial navigation, ensuring data security and accurate positioning. Overall, USVs' adoption in various industries continues to grow, offering significant business benefits through cost reduction, increased operational efficiency, and enhanced capabilities.
The significant growth in research funding and investment in Unmanned Surface Vehicles (USVs) serves as the primary catalyst for market expansion.
The use of artificial intelligence (AI) is becoming increasingly prominent in the United States Venture Capital (USV) industry. This market trend underscores the growing importance of AI technology in shaping business investments.
The substantial presence of substitute products poses a significant challenge to the industry's growth trajectory.
The unmanned surface vehicle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The defense segment is estimated to witness significant growth during the forecast period.
The Unmanned Surface Vehicle (USV) market is experiencing continuous growth due to the increasing demand for cost-effective, autonomous solutions in various industries, particularly in the defense sector. USVs play a crucial role in maritime security, providing real-time monitoring and intruder detection capabilities. They also contribute significantly to Mine Counter Measures (MCM), intelligence gathering, and Anti-Submarine Warfare (ASW). The defense sector's preference for USVs stems from their operational efficiency and cost savings, as they eliminate the need for human intervention in hazardous underwater surveys. Key features of USVs include advanced command and control systems, data acquisition and logging, power systems, and communication systems.
Additionally, USVs offer corrosion resistance, long endurance capabilities, and payload delivery systems. Companies such as ECA Group, ASV Global, and Atlas Elektronik provide innovative USV solutions, integrating sensor technologies, software platforms, and autonomous navigation systems. The market's growth is further driven by the integration of advanced technologies like GPS tracking, weather forecasting, and obstacle avoidance systems. USVs' versatility extends to search and rescue, hydrographic surveying, and environmental monitoring, making them an indispensable asset for maritime operations.
The Defense segment was valued at USD 1.05 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Unmanned Surface Vehicle Market Demand is Rising in North America Request Free Sample
The Unmanned Surface Vehicle (USV) market in North America is experiencing robust growth, with the region accounting for a substantial market share. Key contributors to this expansion include the US and Canada, driven by their early adoption of advanced technology and substantial investments. In the US, the Navy's proposed FY2023 budget requests USD549.3 million for research and development of Large Unmanned Surface Vehicles (LUSVs) and Medium Unmanned Surface Vehicles (MUSVs), underscoring the nation's commitment to USV technology.
This investment is expected to yield operational efficiency gains and cost reductions by enabling autonomous operations and reducing crew requirements. The North American USV market's growth is fueled by the increasing demand for cost-effective, efficient, and autonomous maritime solutions.
Customer Landscape of Unmanned Surface Vehicle Industry
Companies are implementing various strategies, such as strategic alliances, unmanned surface vehicle market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
5G International Inc. - The company specializes in the production of unmanned surface vehicles, including the Sea Serpent, 4 Meter HYDRA, and 9 Meter OSCAR models. These innovative watercrafts are utilized across various industries for monitoring, surveillance, and data collection applications. With advanced technology and versatile design, these vehicles offer significant benefits in terms of efficiency, safety, and cost savings.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Unmanned Surface Vehicle Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.19% |
Market growth 2024-2028 |
USD 2310.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
13.41 |
Key countries |
US, China, UK, Norway, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The unmanned surface vehicle (USV) market is experiencing significant growth, driven by advancements in technology and increasing demand for efficient and cost-effective maritime operations. One key area of focus is the optimization of USV sensor suites, which enable autonomous navigation algorithms to process real-time data from various sources. Underwater communication protocols are also crucial for seamless integration with autonomous underwater vehicles (AUVs) and hydrographic survey data processing systems. USV payload delivery systems are another essential component, allowing for the transportation of goods and supplies to remote locations. Real-time data visualization platforms and remote operation control interfaces enable efficient operational planning and compliance with regulatory requirements. USVs are increasingly being utilized for oil spill remediation and maritime security patrol systems. These applications require advanced capabilities, such as improved obstacle detection algorithms and system reliability improvement strategies. USV endurance testing and hull design and construction are also critical for ensuring optimal propulsion system efficiency and extended operational periods. Compared to traditional manned vessels, USVs offer significant advantages in terms of cost savings and operational flexibility. For instance, USVs can be deployed more quickly and easily than manned vessels, reducing lead times in the supply chain. Additionally, advanced remote diagnostics systems and payload capacity enhancements enable USVs to perform a wider range of tasks, further increasing their value proposition. Security is a top priority in the USV market, with a focus on communication network security and advanced remote diagnostics systems to minimize downtime and ensure system reliability. As the USV market continues to evolve, we can expect to see further innovations in areas such as autonomous navigation algorithms, underwater communication protocols, and hydrographic survey data processing.
What is the expected growth of the Unmanned Surface Vehicle Market between 2024 and 2028?
USD 2.31 billion, at a CAGR of 14.19%
What segmentation does the market report cover?
The report is segmented by End-user (Defense and Commercial), Type (Remotely operated and Autonomous), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, APAC, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increased research and investment in USVs, High number of substitute products
Who are the major players in the Unmanned Surface Vehicle Market?
5G International Inc., AutoNaut Ltd., Clearpath Robotics Inc., Deep Ocean Engineering Inc., ECA Group, Elbit Systems Ltd., L3Harris Technologies Inc., Liquid Robotics Inc., Marakeb Technologies LLC, Maritime Robotics, Maritime Tactical Systems Inc., Ocean Aero, Oceanalpha Group Ltd., QinetiQ Ltd., Rafael Advanced Defense Systems Ltd., Rakuten Group Inc., Saildrone Inc., SeaRobotics Corp., Textron Inc., and thyssenkrupp AG
We can help! Our analysts can customize this unmanned surface vehicle market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.