PUBLISHER: Acute Market Reports | PRODUCT CODE: 1176024
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1176024
Unmanned Surface Vehicles (USVs) Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Industry Outlook
Unmanned Surface Vehicles (USVs) are autonomous vehicles that are capable of float on water surface. Although unmanned aerial vehicles (USVs) have been around for past few years and their numbers are growing consistently. Despite the fact that these are still not as pervasive as their aerial versions, unmanned surface vehicles (USVs) have tremendous potential to set down their roots very deep. For several applications right from small vessels used security surveillance to autonomous cargo ships, it is sure that in coming years, numerous mariners will work from a home office. Consequently, unmanned surface vehicles (USVs) market is expected to reach US$ 4.88 Bn from US$ 1.62 Bn in 2018 growing with a growth rate of 11.7% throughout the forecast period from 2019 to 2027.
Large and Extra-large Unmanned Surface Vehicles are Expected to Achieve New Heights in Coming Years
Based on the size availability unmanned surface vehicles (USVs) are classified into small size USVs, medium size USVs, large size USVs, and extra large size USVs. At present large size, unmanned surface vehicles are leading the way in terms of market value in the global USVs market. Large USVs are extensively used for military & defense application including surveillance and counter insurgency. Besides military applications, large USVs are also used for carrying heavy cargo and commercial end-use. The significance of large USVs is expected to grow even further in coming years allowing the segment to cement its position firmly at the top.
Completely Autonomous USVs are Soon to Takeover the Market from Semi-autonomous Versions
Unmanned surface vehicles are broadly classified into semi-autonomous and fully autonomous based on their mode of operation. At present, the market is dominated by semi-autonomous USVs, however, the segment is expected to lose its market share to autonomous version in coming years. With rapid proliferation of geo-location technologies, GPS systems and radar systems, fully autonomous USVs are anticipated to cement its position firm across different end-use applications. End-use applications such as defense, scientific survelliance, and other mission-critical application often prefer autonomous USV thus, encouraging the growth of this variant.
High Defense Expenditure in the Region Helped North America to Achieve Top Spot in Global Unmanned Surface Vehicles Market
With the presence of the United States, the biggest spender on defense budget across the globe, North America emerged as the worldwide leader in unmanned surface vehicles (USVs) market. At present defense and military department of the United States are heavily incorporating USVs for surveillance and other military operation. Besides, use of USVs for scientific research and off-shore surveys are also encouraging the growth of the market in this region. With tremendous growth opportunities, North America is expected to maintain its position throughout the forecast period from 2019 to 2026.
Competitive Landscape
The research study covers some of the leading unmanned surface vehicles (USVs) including Elbit Systems Ltd., Rafael Advanced Defense Systems Ltd., Teledyne Technologies, Inc., Textron, Inc., ASV Global, Atlas Elektronik GmbH., 5G International, Inc., Eca Group, Liquid Robotics, Inc., and Searobotics. Almost all the aforementioned companies are leading companies with respect to the military and defense and autonomous systems providers. These companies are facing fierce competition with each other in order to acquire vital government contracts. Furthermore, these companies are also buckling up to confront new entrants in the market as this particular market hold tremendous potential for new companies. These companies are also striving hard to introduce their products equipped with state-of-the-art technology in order to claim their market share. Other competitive analysis and business strategies are discussed in details in the research study.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Unmanned Surface Vehicles (USVs) market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Unmanned Surface Vehicles (USVs) market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Size
- Small Size
- Medium Size
- Large Size
- Extra-large Size
Mode of Operation
- Semi-autonomous
- Autonomous
Application
- Defense
- Scientific Research
- Oil & Gas
- Renewable Energy
- Off-shore Survey
- Commercial
- Others
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Unmanned Surface Vehicles (USVs) market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Unmanned Surface Vehicles (USVs) market?
- Which is the largest regional market for Unmanned Surface Vehicles (USVs) market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Unmanned Surface Vehicles (USVs) market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Unmanned Surface Vehicles (USVs) market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Unmanned Surface Vehicles (USVs) Market
- 2.2. Global Unmanned Surface Vehicles (USVs) Market, By Size, 2021 (US$ Million)
- 2.3. Global Unmanned Surface Vehicles (USVs) Market, By Mode of Operation, 2021 (US$ Million)
- 2.4. Global Unmanned Surface Vehicles (USVs) Market, By Application, 2021 (US$ Million)
- 2.5. Global Unmanned Surface Vehicles (USVs) Market, By Geography, 2021 (US$ Million)
- 2.6. Impact of Covid 19
- 2.7. Attractive Investment Proposition by Geography, 2021
- 2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Unmanned Surface Vehicles (USVs) Market Vendors
- 2.8.2. Strategies Adopted by Unmanned Surface Vehicles (USVs) Market Vendors
- 2.8.3. Key Industry Strategies
3. Unmanned Surface Vehicles (USVs) Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Unmanned Surface Vehicles (USVs) Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Unmanned Surface Vehicles (USVs) Market: By Size, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Small Size
- 4.3.2. Medium Size
- 4.3.3. Large Size
- 4.3.4. Extra-large Size
5. Unmanned Surface Vehicles (USVs) Market: By Mode of Operation, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Semi-autonomous
- 5.3.2. Autonomous
6. Unmanned Surface Vehicles (USVs) Market: By Application, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Defense
- 6.3.2. Scientific Research
- 6.3.3. Oil & Gas
- 6.3.4. Renewable Energy
- 6.3.5. Off-shore Survey
- 6.3.6. Commercial
- 6.3.7. Others
7. North America Unmanned Surface Vehicles (USVs) Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Unmanned Surface Vehicles (USVs) Market: By Size, 2020-2030, USD (Million)
- 7.3. Unmanned Surface Vehicles (USVs) Market: By Mode of Operation, 2020-2030, USD (Million)
- 7.4. Unmanned Surface Vehicles (USVs) Market: By Application, 2020-2030, USD (Million)
- 7.5.Unmanned Surface Vehicles (USVs) Market: By Region, 2020-2030, USD (Million)
- 7.5.1.North America
- 7.5.1.1. U.S.
- 7.5.1.2. Canada
- 7.5.1.3. Rest of North America
- 7.5.1.North America
8. UK and European Union Unmanned Surface Vehicles (USVs) Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Unmanned Surface Vehicles (USVs) Market: By Size, 2020-2030, USD (Million)
- 8.3. Unmanned Surface Vehicles (USVs) Market: By Mode of Operation, 2020-2030, USD (Million)
- 8.4. Unmanned Surface Vehicles (USVs) Market: By Application, 2020-2030, USD (Million)
- 8.5.Unmanned Surface Vehicles (USVs) Market: By Region, 2020-2030, USD (Million)
- 8.5.1.UK and European Union
- 8.5.1.1. UK
- 8.5.1.2. Germany
- 8.5.1.3. Spain
- 8.5.1.4. Italy
- 8.5.1.5. France
- 8.5.1.6. Rest of Europe
- 8.5.1.UK and European Union
9. Asia Pacific Unmanned Surface Vehicles (USVs) Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Unmanned Surface Vehicles (USVs) Market: By Size, 2020-2030, USD (Million)
- 9.3. Unmanned Surface Vehicles (USVs) Market: By Mode of Operation, 2020-2030, USD (Million)
- 9.4. Unmanned Surface Vehicles (USVs) Market: By Application, 2020-2030, USD (Million)
- 9.5.Unmanned Surface Vehicles (USVs) Market: By Region, 2020-2030, USD (Million)
- 9.5.1.Asia Pacific
- 9.5.1.1. China
- 9.5.1.2. Japan
- 9.5.1.3. India
- 9.5.1.4. Australia
- 9.5.1.5. South Korea
- 9.5.1.6. Rest of Asia Pacific
- 9.5.1.Asia Pacific
10. Latin America Unmanned Surface Vehicles (USVs) Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Unmanned Surface Vehicles (USVs) Market: By Size, 2020-2030, USD (Million)
- 10.3. Unmanned Surface Vehicles (USVs) Market: By Mode of Operation, 2020-2030, USD (Million)
- 10.4. Unmanned Surface Vehicles (USVs) Market: By Application, 2020-2030, USD (Million)
- 10.5.Unmanned Surface Vehicles (USVs) Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Latin America
- 10.5.1.1. Brazil
- 10.5.1.2. Mexico
- 10.5.1.3. Rest of Latin America
- 10.5.1.Latin America
11. Middle East and Africa Unmanned Surface Vehicles (USVs) Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Unmanned Surface Vehicles (USVs) Market: By Size, 2020-2030, USD (Million)
- 11.3. Unmanned Surface Vehicles (USVs) Market: By Mode of Operation, 2020-2030, USD (Million)
- 11.4. Unmanned Surface Vehicles (USVs) Market: By Application, 2020-2030, USD (Million)
- 11.5.Unmanned Surface Vehicles (USVs) Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Middle East and Africa
- 11.5.1.1. GCC
- 11.5.1.2. Africa
- 11.5.1.3. Rest of Middle East and Africa
- 11.5.1.Middle East and Africa
12. Company Profile
- 12.1. Elbit Systems Ltd.
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Rafael Advanced Defense Systems Ltd.
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. Teledyne Technologies, Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Textron, Inc.
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. ASV Global
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. Atlas Elektronik GmbH.
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. 5G International, Inc.
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Eca Group
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. Liquid Robotics, Inc.
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. Searobotics
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Unmanned Surface Vehicles (USVs) Market By Size, 2020-2030, USD (Million)
- TABLE 2 Global Unmanned Surface Vehicles (USVs) Market By Mode of Operation, 2020-2030, USD (Million)
- TABLE 3 Global Unmanned Surface Vehicles (USVs) Market By Application, 2020-2030, USD (Million)
- TABLE 4 North America Unmanned Surface Vehicles (USVs) Market By Size, 2020-2030, USD (Million)
- TABLE 5 North America Unmanned Surface Vehicles (USVs) Market By Mode of Operation, 2020-2030, USD (Million)
- TABLE 6 North America Unmanned Surface Vehicles (USVs) Market By Application, 2020-2030, USD (Million)
- TABLE 7 UK and European Union Unmanned Surface Vehicles (USVs) Market By Size, 2020-2030, USD (Million)
- TABLE 8 UK and European Union Unmanned Surface Vehicles (USVs) Market By Mode of Operation, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Unmanned Surface Vehicles (USVs) Market By Application, 2020-2030, USD (Million)
- TABLE 10 Asia Pacific Unmanned Surface Vehicles (USVs) Market By Size, 2020-2030, USD (Million)
- TABLE 11 Asia Pacific Unmanned Surface Vehicles (USVs) Market By Mode of Operation, 2020-2030, USD (Million)
- TABLE 12 Asia Pacific Unmanned Surface Vehicles (USVs) Market By Application, 2020-2030, USD (Million)
- TABLE 13 Latin America Unmanned Surface Vehicles (USVs) Market By Size, 2020-2030, USD (Million)
- TABLE 14 Latin America Unmanned Surface Vehicles (USVs) Market By Mode of Operation, 2020-2030, USD (Million)
- TABLE 15 Latin America Unmanned Surface Vehicles (USVs) Market By Application, 2020-2030, USD (Million)
- TABLE 16 Middle East and Africa Unmanned Surface Vehicles (USVs) Market By Size, 2020-2030, USD (Million)
- TABLE 17 Middle East and Africa Unmanned Surface Vehicles (USVs) Market By Mode of Operation, 2020-2030, USD (Million)
- TABLE 18 Middle East and Africa Unmanned Surface Vehicles (USVs) Market By Application, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Unmanned Surface Vehicles (USVs) Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Unmanned Surface Vehicles (USVs) Market: Quality Assurance
- FIG. 5 Global Unmanned Surface Vehicles (USVs) Market, By Size, 2021
- FIG. 6 Global Unmanned Surface Vehicles (USVs) Market, By Mode of Operation, 2021
- FIG. 7 Global Unmanned Surface Vehicles (USVs) Market, By Application, 2021
- FIG. 8 Global Unmanned Surface Vehicles (USVs) Market, By Geography, 2021
- FIG. 9 Global Unmanned Surface Vehicles (USVs) Market, By Size, 2021 Vs 2030, %
- FIG. 10 Global Unmanned Surface Vehicles (USVs) Market, By Mode of Operation, 2021 Vs 2030, %
- FIG. 11 Global Unmanned Surface Vehicles (USVs) Market, By Application, 2021 Vs 2030, %
- FIG. 12 U.S. Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 13 Canada Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 14 Rest of North America Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 15 UK Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 16 Germany Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 17 Spain Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 18 Italy Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 19 France Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 20 Rest of Europe Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 21 China Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 22 Japan Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 23 India Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 24 Australia Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 25 South Korea Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 26 Rest of Asia Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 27 Brazil Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 28 Mexico Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 29 Rest of Latin America Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 30 GCC Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 31 Africa Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
- FIG. 32 Rest of Middle East and Africa Unmanned Surface Vehicles (USVs) Market (US$ Million), 2020 - 2030
