Unmanned Surface Vehicle Market Forecasts to 2030 - Global Analysis By Type, Hull Type, Cruising Speed, Size, Endurance, Solution, Application and By Geography

According to Stratistics MRC, the Global Unmanned Surface Vehicle (USV) Market is accounted for $0.9 billion in 2023 and is expected to reach $2.0 billion by 2030 growing at a CAGR of 12.3% during the forecast period. Unmanned Surface Vehicles (USVs) are autonomous or remotely operated watercraft that navigates the surface of oceans, lakes, and rivers without a crew on board. These vehicles are equipped with various sensors, cameras, and communication systems to perform a range of tasks, including oceanographic research, environmental monitoring, maritime security, and defense operations. USVs offer several advantages over manned vessels, such as reduced risk to human life, lower operational costs, and the ability to operate in hazardous or inaccessible areas. They can be controlled remotely from a shore station or operated autonomously using pre-programmed routes and algorithms.

Market Dynamics:

Driver:

Increased demand for maritime security

The increased demand for maritime security has become a significant driver of the unmanned surface vehicle (USV) market due to its ability to enhance surveillance, patrolling, and response capabilities in maritime environments. USVs offer advantages such as cost-effectiveness, flexibility, and reduced risk to human life, making them ideal for tasks like coastal monitoring, anti-piracy operations, and border security. With rising concerns over maritime threats, including piracy, smuggling, and terrorism, governments and private entities are investing in USVs to bolster their maritime security infrastructure.

Restraint:

Limited payload capacity

The Limited Payload Capacity restraints are challenges on the amount of weight or cargo that these vehicles can carry. While USVs offer versatility and cost-effectiveness for various tasks such as surveillance, research, and environmental monitoring, their payload capacity is often restricted compared to larger manned vessels. This limitation restricts their ability to carry heavy equipment or large quantities of supplies, potentially hindering their effectiveness in certain applications. Engineers are continuously working to improve payload capacities through innovations in materials and design, aiming to expand the range of tasks these USVs can perform efficiently.

Opportunity:

Maritime research and exploration

The Maritime Research and Exploration opportunity presents a compelling avenue for advancing oceanic knowledge and exploration. USVs offer an efficient and cost-effective means to gather data in remote or hazardous maritime environments. These vehicles can be equipped with various sensors and instruments for tasks such as oceanographic surveys, environmental monitoring, and underwater mapping. With advancements in autonomy and navigation technology, USVs are increasingly capable of operating for extended periods without human intervention, enabling sustained data collection missions. This burgeoning sector not only enhances our understanding of marine ecosystems and resources but also facilitates safer and more sustainable maritime activities.

Threat:

Competition from manned vessels

The threat of competition from manned vessels to the unmanned surface vehicles arises due to well-established presence and trust of manned vessels in maritime operations, potentially overshadowing the emerging USV technology. Manned vessels may offer certain capabilities or services that USVs cannot match, such as human decision-making and adaptability in complex situations. Moreover, existing regulations and infrastructure may favor manned vessels, posing barriers to the widespread adoption of USVs.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the unmanned surface vehicle (USV) market as it disrupted supply chains, delayed manufacturing processes, and hindered project deployments. However, the crisis also highlighted the importance of autonomous technologies in various sectors, including maritime surveillance, environmental monitoring, and offshore energy operations. The need for contactless operations and remote monitoring further accelerated the adoption of unmanned systems, spurring innovation and investment in the USV market. Despite initial setbacks, the long-term outlook for USVs remains positive, with forecasts suggesting sustained growth.

The autonomous surface vehicles segment is expected to be the largest during the forecast period

The autonomous surface vehicles (ASVs) segment has experienced notable growth driven by advancements in technology and increasing applications across various industries. ASVs offer benefits such as cost-effectiveness, operational efficiency, and reduced risk to human operators in tasks ranging from maritime surveillance to environmental monitoring and offshore exploration. The integration of artificial intelligence, machine learning, and advanced sensors has enhanced the autonomy and capability of ASVs, leading to expanded adoption across defense, oil and gas, transportation, and scientific research sectors. Furthermore, the demand for ASVs is propelled by their ability to operate in harsh environments, navigate autonomously, and perform complex missions with minimal human intervention.

The defense segment is expected to have the highest CAGR during the forecast period

The defense segment has seen significant growth driven increasing focus on enhancing maritime security that has led to greater investments in unmanned technologies by defense agencies worldwide. USVs offer advantages such as persistent surveillance, intelligence gathering, and rapid response capabilities, making them ideal for various defense applications. Moreover, the growing complexity of modern warfare scenarios, including threats from adversaries in littoral regions, has spurred the demand for USVs equipped with advanced communication and combat systems. As a result, the defense segment is poised for continued expansion as military organizations seek to leverage unmanned platforms for a range of missions, from reconnaissance to mine countermeasures.

Region with largest share:

The North American region has witnessed significant growth in the unmanned surface vehicle market due to the region's robust technological infrastructure and extensive research and development capabilities. Increasing investments by governments and private sector entities in defense, maritime surveillance, and oceanographic research have fueled demand for USVs. The vast coastline and maritime borders necessitate enhanced surveillance and security measures, highlighting the need of USVs. The region's established maritime industries and growing interest in autonomous systems have created a conducive environment for USV market growth. Furthermore, partnerships between industry players, research institutions, and government agencies have facilitated innovation and market expansion in North America's USV sector.

Region with highest CAGR:

The Asia-Pacific region has witnessed significant growth due to increasing maritime security concerns, the expansion of offshore oil and gas activities, and rising demand for oceanographic surveys. Countries like China, Japan, and South Korea are investing heavily in autonomous technology, bolstering the market further. The region's strategic geographical location and extensive coastline also contribute to the proliferation of USVs for surveillance, environmental monitoring, and defense purposes. Additionally, collaborations between governments and private entities are fostering innovation and the development of advanced USV capabilities, propelling market growth in the Asia Pacific.

Key players in the market

Some of the key players in Unmanned Surface Vehicle (USV) market include ASV Global, Atlas Elektronik GmbH, Eca Group, Elbit Systems Ltd., Kongsberg, Liquid Robotics, Inc., Rafael Advanced Defense Systems Ltd., Searobotics, Teledyne Technologies, Inc. and Textron, Inc.

Key Developments:

In February 2024, Heli-One has struck a deal with Bell Textron Canada Limited to provide in-service support for the CH146 Griffon helicopters operated by the Canadian Department of National Defence (DND). This partnership between Heli-One and Bell Textron Canada Limited comes from Bell's C$2.28bn, 15-year contract with the Canadian government, emphasising a concerted effort to enhance operational efficiency and aircraft availability.

In February 2024, Teledyne Technologies Incorporated announced that it has entered into an agreement to acquire Adimec Holding B.V. and its subsidiaries ("Adimec"). Adimec, founded in 1992 and headquartered in Eindhoven, Netherlands, develops customized high-performance industrial and scientific cameras for applications where image quality is of paramount importance.

Types Covered:

• Autonomous Surface Vehicles
• Semi-Autonomous Surface Vehicles

Hull Types Covered:

• Triple
• Twin
• Single
• Rigid Inflatable

Cruising Speeds Covered:

• Up to 10 Knots
• 10-30 Knots
• More than 30 Knots

Sizes Covered:

• Extremely Large
• Small
• Medium
• Large

Endurances Covered:

• <100 Hours
• 100-500 Hours
• 500-1,000 Hours
• >1,000 Hours

Solutions Covered:

• Chassis Material
• Communication System
• Payload
• Propulsion System
• Other solutions

Applications Covered:

• Commercial
• Defense
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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