The use of unmanned surface vehicles (USV) is growing as a result of the need to monitor water quality in light of rising pollution levels and the availability of ocean data that allows for the analysis of past climatic conditions. In order to gain a competitive edge as threats to maritime security increase, international navies are also growing their fleets of autonomous surface vehicles (ASV). The demand for unmanned surface vehicles (USVs) is rising as a result. Their use in emergency management is expanding, especially in search and rescue operations and routine maintenance to preserve the integrity of territorial and enclosed water areas. As the aquaculture industry quickly adopts real-time monitoring to meet the rising global demand for fishery products, there are promising opportunities for the unmanned surface vehicle (USV) market.
According to Data Bridge Market Research, Unmanned Surface Vehicle (USV) Market is expected to reach the value of USD 2,758.17 million by 2030, at a CAGR of 13.7% during the forecast period.
"Ocean cleaning unmanned vehicles surge market demand"
Ocean contamination, or marine pollution, has increased over time. Additionally, about 75% of the Earth's surface is made up of water, of which 2.5% is fresh water and 97.5% is the ocean. Fresh water is becoming more and more necessary for drinking and other uses as a result of the population's rapid growth. However, a rise in water pollution has been caused by the expansion of industrialization and globalization. The ocean is being flooded with a massive amount of plastic waste, which is tainting the water. Additionally, there have been numerous oil spills throughout the history of oil and gas exploration and transportation, which have negatively impacted aquatic life and water quality. Additionally, chemical contamination raises concerns for the economy, environment, and health.
What restraints the growth of the unmanned surface vehicle (USV) market ?
"Rising no of investments by governments and private players can impede the market growth”
Wars were fought as a show of strength more than 50 years ago, when nations focused on full-force attacks. However, as time passed and technology advanced, different economies expanded concurrently and started to rely more on other things, such as reconnaissance and surveillance. Therefore, world leaders are now focusing on autonomous surface vehicles (ASV) in order to increase their efficiency. They are frequently used to support large warships and battleships and are capable of spotting underwater mines and traps.
Segmentation: Global Unmanned Surface Vehicle (USV) Market
The unmanned surface vehicle (USV) market is segmented on the basis of type, application, endurance, operation, system, hull type, and size.
- On the basis of type, the unmanned surface vehicle market is segmented into surface and sub-surface.
- On the basis of application, the unmanned surface vehicle market is segmented into defense, commercial, scientific research, and others.
- On the basis of endurance, the unmanned surface vehicle market is segmented into 100-500 hours, <100 hours, 500-1000 hours, and >1000 hours.
- On the basis of operation, the unmanned surface vehicle market is segmented into remote operated surface vehicle and autonomous surface vehicles.
- On the basis of system, the unmanned surface vehicle market is segmented into propulsion, chassis material, payload, component, software, and communication.
- Onn the basis of hull type, the unmanned surface vehicle market is segmented into catamaran (twin hulls), kayak (single hull), trimaran (triple hulls), and rigid inflatable hull.
- On the basis of size, the unmanned surface vehicle market is segmented into medium (4 to 8 m), small (less than 4 m), large (8 to 12 m), and extra-large (above 12 m)
Regional Insights: North America dominates the Global Unmanned Surface Vehicle (USV) Market
North America dominates the Unmanned Surface Vehicle (USV) Market because the U.S. is the home to many giant market players in the unmanned surface vehicle (USV) market. Further Germany is expected to dominate in the Europe region due to rising investment in research and development activities related to autonomous vehicles.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the increasing demand for large USVs for commercial and defense applications such as combat operations, cargo transportation, and others in China.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-unmanned-surface-vehicle-usv-market
Recent Developments in Global Unmanned Surface Vehicle (USV) Market
- In 2022, In order to advance autonomous robotic systems in the third generation MCM program, ECA GROUP created Critical Design Review. This product has assisted the business in enhancing its customer offerings and diversifying its product line.
- In 2019, A brand-new unmanned surface vehicle (USV) and sounder USV System were introduced by KONGSBERG. The sounder USV system is a flexible platform that was made to function in a variety of market niches, including surveys. This has aided the business in expanding its product line and market share.
The Prominent Key Players Operating in the Global Unmanned Surface Vehicle (USV) Market Include:
- Maritime Robotics AS (Norway)
- Elbit Systems Ltd. (Israel)
- Rafael Advanced Defense Systems Ltd. (Israel)
- Boeing (U.S.)
- Utek (Singapore)
- Seafloor Systems, Inc. (U.S.)
- SeaRobotics Corporation (U.S.)
- Saildrone Inc. (U.S.)
- Deep Ocean Engineering, Inc. (U.S.)
- Zhuhai Yunzhou Intelligent Technology Co., Ltd. (China)
- Kongsberg Maritime (Norway)
- Tecnologies, Inc. (U.S.)
- OCIUS (India)
- ATLAS ELEKTRONIK GmbH (Germany)
- Clearpath Robotics Inc. (Canada)
- Teledyne Technologies Incorporated (U.S.)
- Textron Inc. (U.S.)
- ECA GROUP (France)
- 5G Maritime (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Global Unmanned Surface Vehicle (USV) Market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Unmanned Surface Vehicle (USV) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
