Unmanned Surface Vehicles Market Analysis (2023 -2030)
The market for unmanned surface vehicles (USVs) market is estimated to grow from USD 637.29 million in 2021 to USD 1,674.03 million in 2027 and will grow at a CAGR of 13.37% from 2022 to 2027.
Unmanned surface vehicles (USVs) are machines that operate remotely on the water's surface without the need for human intervention. Autonomous surface vehicles are another name for them. Unmanned surface vehicles are more beneficial in oceanology than weather ships or research vessels because of their increased flexibility and lower cost. Unmanned surface vehicles have piqued the interest of many government agencies and private companies, and as a result, they are investing significant sums of money in the development of autonomous machinery. These autonomous surface vehicles have the potential to replace conventional ocean vessels because they are fully or semi-automated and reduce the risk of human operators in manned surface vehicles.
The increasing need for ISR, water quality monitoring, maritime security and threats, and the requirement for ocean data and mapping are projected to drive the Unmanned Surface Vehicle (USV) Market during the forecast period. Several firms are considering investing in the Unmanned Surface Vehicle (USV) Market due to the increased demand for unmanned surface vehicles. The government and corporate sector have invested much in the research and production of innovative and efficient autonomous surface vehicles.
The USV is propelled by waves, wind, and even solar energy to some extent. These USVS are capable of going on missions for months at a time without returning to base. As a result of escalating economic, scientific, and military concerns, demand for unmanned surface vehicles (USVs) is increasing. Surveillance and reconnaissance, mine countermeasures, defense system testing, and training are just a few of the missions and duties that USVs are utilized for in the military, increasing the market.
Key Market Insights:
- The Global Unmanned Surface Vehicle (USV) Market has been split into Autonomous Surface Vehicle and Remotely Operated Surface Vehicle based on the mode of operation. The greatest market share was held by Remotely Operated Surface Vehicle, which is expected to increase at a CAGR of 11.35 percent over the projection period. Many of the benefits of autonomous control are also available via remote control, albeit with people in the loop on the other end of a network connection. Despite ethical concerns that remote control technology desensitizes operators to violence and inflicts unwanted collateral damage, this current use case establishes a good precedent for how remote control could be used at sea.Remote control, on the other hand, demands a stable, robust link, which may not be available in an electromagnetic (EM) contested environment where communication signals may be jammed or the ship's location revealed. The system would have to either return to autonomous controls or become a floating husk in this case.
- The market is divided into three categories based on size: small, medium, and large. Large had the greatest market share in 2021, and it is estimated to increase at a CAGR of 13.39 percent over the forecast period. The growth of the large segment can be attributed to the high-value contracts awarded to manufacturers of unmanned surface vehicles for the development of large unmanned surface vehicles, which are primarily used in defense applications such as ISR activities, combat operations, and cargo and resupply, and so on.
- The Global Unmanned Surface Vehicle (USV) Market has been divided into three categories based on application: defense, commercial, and scientific research. The defense has the most market share and is estimated to grow at the fastest rate of 14.13 percent over the forecast period. Increased demand for unmanned surface vehicles for use in anti-submarine warfare and special operations forces in critical missions, naval gunnery training, and firefighting and rescue operations are a few of the major factors driving their adoption in the above-mentioned application areas. Market vendors are including technologies that allow for real-time image transmission as well as distant visual verification and recording of evidence.
- L3Harris Technologies was awarded a contract in July 2021 to produce the first Unmanned Surface Vehicle (USV) designed particularly to protect the environment and emergency responders during oil spill response operations.
- Elbit Systems was awarded a contract in January 2021 to provide the Navy of an Asia Pacific country with Seagull USVs (Unmanned Surface Vehicles). Elbit Systems will provide Seagull USV systems with Mine Counter Measures (MCM) capabilities, as well as the ability to install technology modules for Anti-Submarine Warfare operations. Over 17 months, the contract will be fulfilled.
Market Segmentation:
By Type
By Systems
- Propulsion
- Communication
- Payload
- Chassis Material
- Component
- Software
By Mode of Operation
- Autonomous Surface Vehicle
- Remotely Operated Surface Vehicle
By Size
By Hull Type
- Kayak (Single Hulls)
- Catamaran (Twin Hulls)
- Trimaran (Triple Hulls)
- Rigid Inflatable Hull
By Application
- Defense
- Scientific Research
- Commercial
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Others
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