Global Unmanned Surface Vehicle (USV) Market was Valued at USD 1,513.0 million in 2019 and is Expected to Reach USD 3,096.0 million by 2025, Observing a CAGR of 12.5% during 2020–2025

Published Date: Apr, 2020

The global unmanned surface vehicle (USV) market was valued at USD 1,513.0 million in 2019 and is expected to reach USD 3,096.0 million by 2025, growing at a CAGR of 12.5% during 2020-2025. In the present scenario, climate change, pollution and other factors are immensely harming and polluting the ocean and endangering its marine life. Oceanography aims at studying about the oceans and helps in predicting the contamination in ocean or any other activity as a result to which unmanned surface vehicle market is gaining popularity globally to attain this objective.

The global unmanned surface vehicle (USV) market is expected to witness the highest growth in the defense sector

On the basis of application, the global unmanned surface vehicle (USV) market is subdivided into defense and commercial. Amongst these segments, defense is expected to witness higher growth during the forecast period. The defense sector needs to identify probable threats and occurrence that could be national danger as a result to which it USV is gaining greater acceptance in this sector.

Global Unmanned Surface Vehicle Market Segmentation Analysis

Segment

Categorization

Leading Category

Mode of Operation

Autonomous Surface Vehicle and Remotely Operated Surface Vehicle

Autonomous Surface Vehicle (Larger)

Size

Small, Medium, Large, and Extra-Large

Large (Largest)

Type

Surface and Sub-Surface

Surface (Faster)

Application

Defense and Commercial

Defense (Faster)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Europe (Fastest)

 

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Geography Insight

Geographically, North America is the largest unmanned surface vehicle market and is expected to generate the largest revenue by 2025. This is owing to the increasing incidents of violence in countries along with rampant technological upgradation. On the other hand, Europe is expected to witness highest CAGR during the forecast period due to rampant demand for autonomous surface vehicles used by navies for ISR activities and oceanographic studies.

Competitive Insight

Some of the key players operating in the unmanned surface vehicle market are Textron Inc., ECA Group, Rafael Advanced Defense Systems, ASV Global, Israel Aerospace Industries, Atlas Elektronik, Teledyne Technologies, 5G International, SeaRobotics, Liquid Robotics, Maritime Robotics, and Elbit Systems.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Segments Covered in the Study

Mode of Operation, Size, Type, Application, System, Endurance, Hull Type, and Region

Geographies Covered in the Study

North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Sweden), Asia-Pacific (China, Japan, India, Singapore), and Rest of the World (Brazil, Israel, Nigeria, U.A.E.)

Companies Covered in the Study

Textron Inc., ECA Group, Rafael Advanced Defense Systems, ASV Global, Israel Aerospace Industries, Atlas Elektronik, Teledyne Technologies, 5G International, SeaRobotics, Liquid Robotics, Maritime Robotics, and Elbit Systems

 

Global Unmanned Surface Vehicle Market Coverage

Mode of Operation Insight and Forecast 2015 – 2025

  • Autonomous Surface Vehicle
  • Remotely Operated Surface Vehicle

Size Insight and Forecast 2015 – 2025

  • Small
  • Medium
  • Large
  • Extra-Large

Type Insight and Forecast 2015 – 2025

  • Surface
  • Sub-Surface

Application Insight and Forecast 2015 – 2025

  • Defense
  • Commercial

System Vertical Insight and Forecast 2015 – 2025

  • Payload
  • Propulsion
  • Component
  • Communication
  • Software
  • Chassis Material

Endurance Insight and Forecast 2015 – 2025

  • -<100 hours
  • -100-500 hours
  • -500-1000 hours
  • ->1000 hours

Hull Type Insight and Forecast 2015 – 2025

  • Catamaran (Twin Hulls)
  • Trimaran (Triple Hulls)
  • Kayak (Single Hull)
  • Rigid Inflatable Hull

Geographical Segmentation

Unmanned Surface Vehicle Market by Region

North America

  • By Mode of Operation
  • By Size
  • By Type
  • By Application
  • By System
  • By Endurance
  • By Hull Type
  • By Country – U.S., and Canada

Europe

  • By Mode of Operation
  • By Size
  • By Type
  • By Application
  • By System
  • By Endurance
  • By Hull Type
  • By Country – Germany, U.K., France, Italy, Sweden, and Rest of Europe

Asia-Pacific (APAC)

  • By Mode of Operation
  • By Size
  • By Type
  • By Application
  • By System
  • By Endurance
  • By Hull Type
  • By Country – China, Japan, India, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Mode of Operation
  • By Size
  • By Type
  • By Application
  • By System
  • By Endurance
  • By Hull Type
  • By Country – Brazil, Israel, Nigeria, U.A.E., and Other Countries

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Global Unmanned Surface Vehicle (USV) Market was Valued at USD 1,513.0 million in 2019 and is Expected to Reach USD 3,096.0 million by 2025, Observing a CAGR of 12.5% during 2020–2025