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Unmanned Surface Vehicle (USV) Market  To Reflect Impressive Growth Rate by 2026| Textron Inc., ECA GROUP, IAI, Atlas Elektronik, SeaRobotics Corporation., Elbit Systems Ltd., Deep Ocean Engineering & Others

Global unmanned surface vehicle market is expected to rise to an estimated value of USD 1528.77 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to rising demand for maritime security and the need for ocean data & mapping, globally.

The report is generated by performing high level market research analysis of key marketplace segments to identify opportunities, challenges, drivers, and market structures for clients. This market research report encompasses different industry verticals for semiconductors&electronics industry such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. Strategically analyzed facts and figures of the market and keen business insights covered in this unmanned surface vehicle report would be a key aspect in achieving enduring business growth.

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Key Market Competitors: Global Unmanned Surface Vehicle (USV) Market 

Few of the major competitors currently working in unmanned surface vehicle (USV) market are L3 ASV, Teledyne Technologies Incorporated., Textron Inc., ECA GROUP, IAI, Atlas Elektronik, SeaRobotics Corporation., Elbit Systems Ltd., Deep Ocean Engineering, QinetiQ NA, Clearpath Robotics Inc., Ocean Aero, Inc., Rafael Advanced Defense Systems Ltd., 5G International Inc. and Liquid Robotics, Inc. amongst others.

Key Developments in the Market:

In January 2018, Textron Systems signed a Cooperative Research and Development Agreement (CRADA) with Naval Sea Systems Command (NAVSEA). With this agreement, Textron would provide and develop for the US Navy unmanned surface weapons including surface missiles, designators, sensors, and remote weapon stations. Thereby ensuring control and significant monitoring, mapping of operations of the navy.

In September 2018, ASV Global, LLC was purchased by L3 Technologies, a provider of security and detection systems. With this acquisition, L3 would expand its product portfolio by enriching its capabilities in unmanned maritime vehicles. The safety and reliability would improve in the autonomous navigation in the marine applications, with improvised and innovative developments in USVs.

Market Drivers:

Increased research and development in the field of oceanography and hydrography

Rising need for monitoring ocean quality and anti-submarine warfare

The growing need for highly advanced, trustable and reliable USVs , especially in the military sector drives the growth of this market

Increasing contamination of the ocean fresh waters and the need to prevent the contamination accelerates the growth of USVs

Market Restraints:

Availability of low cost unmanned underwater vehicle (UUV) and remotely operated underwater vehicle (ROV) would hinder the growth of this market

The lack of capability of collision detection of the USVs would restrain the growth of this market

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Key questions answered in this report-:

  • What is the key market patterns affecting the development of the unmanned surface vehicle (USV) market?
  • What are the difficulties hampering the market development?
  • Who are the key sellers in the market?
  • What are the market openings and dangers looked by the merchants in this market?
  • What are the key variables driving the worldwide unmanned surface vehicle (USV) market?
  • What will the market size and the development rate be in 2026?

Segmentation: Global Unmanned Surface Vehicle (USV) Market 

By Type

(Surface, Sub-Surface),

Application

(Defence, Scientific Research, Commercial, Others),

Mode Of Operation

(Remotely Operated Surface Vehicle, Autonomous Surface Vehicle),

Size

(Small, Medium, Large, Extra Large),

Systems

(Propulsion, Communication, Payload, Chassis Material, Component, Software),

Endurance

(<100 hours, 100-500 hours, 500-1000 hours, >1000 hours),

Hull Type

(Kayak, Catamaran, Trimaran, Rigid Inflatable Hull),

Geography

(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Competitive Analysis: Global Unmanned Surface Vehicle (USV) Market 

Global unmanned surface vehicle (USV) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of unmanned surface vehicle (USV) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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