Global Unmanned Surface Vehicles Market Size was valued nearly USD 530 million by 2018 and is estimated to reach up to USD XX.XX million by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 13.47% during the forecast period, i.e. 2017-2025.

Global Unmanned Surface Vehicles Market Growth Opportunities (Revenue, Growth) By 2017-2025

Unmanned surface vehicles are also termed as autonomous surface vehicles, which are operated over water surface. These vehicles helps in oceanography, and more flexible than commercial-ship contributions. Powered USVs are popular for use in hydrographic survey. Using a small USV in parallel to traditional survey vessels as a 'force-multiplier' can double survey coverage and reduce time on-site. Military applications for USVs include powered seaborne targets and mine hunting.

Market Dynamics

Unmanned Surface Vehicles market was valued at approximately USD 530 million in 2018. The market is expected to grow at a faster pace during the forecast period.  The Unmanned Surface Vehicles market is primarily driven by owing to the technological advancements and the growing incidences of terrorism in the region. The market is driven by increasing demand for water quality monitoring, ocean data mapping, asymmetric threats, and maritime security. In addition, increased demand for water quality monitoring, maritime security, and threats, and the need for ocean data and mapping. With the fresh water bodies getting contaminated and in spite of the government initiatives to stop them; such vehicles will be of utmost help in surveillance and preventing them from getting contaminated.

However, the presence of low cost autonomous underwater vehicle (AUV) and remotely operated underwater vehicle (ROV) are expected restraint the market growth.

Segment Analysis 

Based on the size type, the Unmanned Surface Vehicles market is segmented Small, Medium, Large, and Extra Large, and on the basis of Payload the market is segmented as Sidescan Sonar, Towed Array, Dipping Sonar, Mini Autonomous Underwater Vehicle, Expandable Mine Neutralizers, Unmanned Aerial Vehicle, Geotechnical Seabed Data Collector, and Underway Water Column Profilers.

The global market, based on Modes of Operation the market is segmented as intelligence, Surveillance and Reconnaissance (ISR), Mine Counter Measures (MCM), Anti-Submarine Warfare, Oil & Gas Explorations, Oceanology Data Mapping, and Others.

Regional Analysis

North America to hold the largest market share in this industry, owning to the presence of the key players in this region, and continuous technological advancement with continuous research and developments in the in this field. Whereas, Asia Pacific is expected to favor the growing Unmanned Surface Vehicles market demand due to increase in contract production processes coupled with growing government interest to promote environmental friendly products that protects the environment from pollution.

Global Unmanned Surface Vehicles Market Size, Share Analysis By Region 2017

Global Unmanned Surface Vehicles Market Study Objective

1. To forecast the market size of unmanned surface vehicles market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of unmanned surface vehicles market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of unmanned surface vehicles market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of unmanned surface vehicles market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the unmanned surface vehicles market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of unmanned surface vehicles market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of unmanned surface vehicles market commercially.

Key Players

Major players operating in global Unmanned Surface Vehicles market include ASV Global (UK), Teledyne Technologies (US), Textron Inc. (US), ECA Group (France), Liquid Robotics (US), Israel Aerospace Industries (Israel), SeaRobotics (US), Maritime Robotics (Norway), Atlas Elektronik (Germany), Elbit Systems (Israel), Rafael Advanced Defense Systems (Israel), 5G International (US).

Global Unmanned Surface Vehicles Market Study Report Offer You!

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