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Rise in the need for maritime surveillance is expected to drive market expansion in the near future at a CAGR of 14.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Unmanned Surface Vehicles Market”.


The unmanned surface vehicles market is estimated to register a CAGR of 14.00% during the forecast period of 2024 to 2032.


MRFR recognizes the following companies as the key players in the global unmanned surface vehicles market - Atlas Elektronik GmbH, ELBIT SYSTEMS LTD., Kongsberg Maritime AS, L3Harris Technologies, Inc., Teledyne Technologies Incorporated, Maritime Robotics, Israel Aerospace Industries, SeaRobotics Corp., ECA Group., and Liquid Robotics.


Market Highlights


The global unmanned surface vehicles market is accounted to register a CAGR of 14.00% during the forecast period and is estimated to reach USD 2.610 billion by 2032.


The growing requirement for ocean data mapping and water quality monitoring is one of the key reasons driving the predicted growth of the unmanned surface vehicle market during the forecast period. The necessity for marine security and growing defense budgets are also anticipated to fuel market expansion. Unmanned underwater vehicles (UUVs), on the other hand, are expected to have a detrimental effect on the unmanned surface vehicle market's growth throughout the projected period due to their low cost. However, design innovations and technology breakthroughs offer market participants bright growth possibilities in the years to come.


Access full report @ https://www.marketresearchfuture.com/reports/unmanned-surface-vehicles-market-22145


Segment Analysis


The global unmanned surface vehicles market has been segmented into type, solution, application, size, hull type, endurance, and crushing speed.


On the basis of type, the market is segmented into Semi-Autonomous Surface Vehicles and Autonomous Surface Vehicles. The autonomous surface vehicles segment was attributed to holding the largest market share in 2023. Autonomous Surface Vehicles (ASVs) are surface vehicles that function autonomously without human interference. They have level 4 autonomy, meaning they can carry out preprogrammed missions without constant human supervision. Operators design these self-driving cars to do a range of duties, and they show great promise for surface operations. ASVs are mostly used for survey missions; they are particularly good at finding and mapping underwater impediments like rocks and wrecks.


Based on solution, the global unmanned surface vehicles market has been segmented into Propulsion System, Payload, Chassis Material, Communication System, and Other Solutions. The payload segment was expected to hold the largest market share in 2023 because the need for specialized mission capabilities is growing. Because USVs may carry payloads and sensors, they are helpful for mapping the seafloor and conducting ocean research. The USV system industry, which integrates and launches various payloads, is growing at an unprecedented rate as more and more businesses realize how important customized solutions are for data collecting, surveillance, and reconnaissance.


Based on application, the global unmanned surface vehicles market has been segmented into Commercial and Defense. The defense segment was expected to hold the largest market share in 2023, mostly due to growing worries about international security. For duties including information gathering, surveillance, reconnaissance, and mine countering, governments give unmanned surface vehicles priority. One of the main factors driving demand for defense applications and contributing to the industry's leading market position is the growing need for autonomous systems to safeguard maritime interests.


Based on size, the global unmanned surface vehicles market has been segmented into Small, Medium, Large, and Extremely Large. The small segment was expected to hold the largest market share in 2023, driven by developments in more affordable, autonomous maritime systems, more processing power, and smaller, more advanced sensor technology. By utilizing state-of-the-art sensor fusion and navigation algorithms, these small unmanned surface vehicles demonstrate improved operational capabilities. The need for tiny USVs that are both economical and agile has increased due to the rise in maritime surveillance, environmental monitoring, and offshore exploration applications. This has contributed to a notable growth component in the small USV market.


Based on hull type, the global unmanned surface vehicles market has been segmented into Single, Twin, Triple, and Rigid Inflatable. The single segment was expected to hold the largest market share in 2023. In shallow coastal marine environments, kayak (single hull) USVs may monitor the following environmental parameters: bathymetry, benthic characteristics, water column components, and hyperspectral radiometry. The need for kayak (single hull) USVs will rise as maritime exploration operations continue to grow over the projection period.


Based on endurance, the global unmanned surface vehicles market has been segmented into <100 Hours, 100-500 Hours, 500-1,000 Hours, and >1,000 Hours. The <100 hours segment was expected to hold the largest market share in 2023 because there is a great need for short-endurance USVs for environmental and meteorological monitoring, as well as mapping and exploration of natural resources. For instance, DGA chose iXblue (now Exail) to carry out a new DriX – Hydrographic UMS (USV) experiment in September 2022 as part of the French Navy's future CHOF (Hydrographic and Oceanographic Capability) program.


Based on crushing speed, the global unmanned surface vehicles market has been segmented into Up to 10 Knots, 10-30 Knots, and More than 30 Knots. The up to 10 knots segment was expected to hold the largest market share in 2023 because of its ideal ratio of effectiveness to adaptability. These types of vessels provide economical operations, long mission durations, and versatility for a range of uses, including environmental monitoring, research, and surveillance. Because of their ability to maintain peak performance over extended periods of time, they are the go-to option in a variety of nautical industries.


Regional Analysis


The global unmanned surface vehicles market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe unmanned surface vehicles market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The unmanned surface vehicles market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World unmanned surface vehicles market comprises the Middle East, Africa, and Latin America.


The largest market share for unmanned surface vehicles was maintained by the North American regional sector because of the area's concentration of developers. The U.S. Navy's increased defense budget, which has increased demand for these vehicles domestically, is the cause of this rise. It is also expected that the increase in Canadian exports and economic development will spur additional market expansion.


Moreover, the Europe market has been persistently growing over the forecast period. The market share is anticipated to rise in response to rising oil and gas production, exploration efforts, and marine activities. Additionally, the growing requirement for autonomous surface vehicles among navies for ISR missions and oceanographic research is driving growth in this region's unmanned surface vehicle market.


Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The USV market has advanced due to technological breakthroughs, especially in the areas of sensor integration and autonomous navigation systems. Due to the region's expanding marine economy, which is being driven by worries about security and trade, there is a strong need for USVs because these solutions must be effective and economical. Furthermore, the region's long coasts and government programs supporting unmanned systems in marine operations increase the use and uptake of USVs.


Furthermore, the rest of the world's unmanned surface vehicles market is divided into the Middle East, Africa, and Latin America. During the projection period, the rest of the world is also expected to develop significantly, with the UAE witnessing a sharp increase in the deployment of autonomous vessels. The rest of the world is expected to see remarkable growth, fueled by the growing exploration and oil and gas industries in Latin America, the Middle East, and Africa.


Key Findings of the Study



  • The global unmanned surface vehicles market is expected to reach USD 2.610 billion by 2032, at a CAGR of 14.00% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market because of advancements in technology, particularly in the fields of autonomous navigation and sensor integration.

  • Based on application, the defense segment was attributed to holding the largest market in 2023, with an approximate market share of 65%.

  • Atlas Elektronik GmbH, ELBIT SYSTEMS LTD., Kongsberg Maritime AS, L3Harris Technologies, Inc., Teledyne Technologies Incorporated, Maritime Robotics, Israel Aerospace Industries, SeaRobotics Corp., ECA Group., and Liquid Robotics are the key market players.

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Report details
Base Year 2022
Companies Covered 15
Pages 128
Certified Global Research Member
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