Unmanned Surface Vehicle (USV) Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Unmanned surface vehicles (USVs) are self-contained surface vehicles capable of navigating and operating on the water’s surface without the assistance of human operators. These vehicles are intended to carry out a variety of duties and functions in marine environments, including oceanographic research, data collection, and environmental monitoring.

Sizing and Forecast
The unmanned surface vehicle (usv) market size has grown rapidly in recent years. It will grow from $1.02 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to maritime surveillance and security needs, commercial applications in shipping and logistics, scientific research and ocean exploration, environmental monitoring and conservation, naval mine countermeasures.

The unmanned surface vehicle (usv) market size is expected to see rapid growth in the next few years. It will grow to $1.71 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to increasing adoption in offshore energy industry, advancements in autonomous navigation systems, expanding applications in maritime research, integration with unmanned aerial vehicles (uavs), global increase in maritime trade. Major trends in the forecast period include application of usvs in oceanographic research, focus on modular and scalable design, integration of remote sensing technologies, expansion of usv applications in defense, increased utilization in maritime security.

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Segmentation & Regional Insights
The unmanned surface vehicle (usv) market covered in this report is segmented –

1) By Type: Surface, Sub-Surface
2) By Mode of Operation: Autonomous Surface Vehicle, Remotely Operated Surface Vehicle
3) By Hull Type: Catamaran (Twin Hulls), Kayak (Single Hull), Trimaran (Triple Hulls), Rigid Inflatable Hull
4) By Size: Small, Medium, Large, Extra Large
5) By Application: Defense, Commercial, Scientific Research, Other Applications

North America was the largest region in the unmanned surface vehicle market in 2023. The regions covered in the unmanned surface vehicle (usv) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Rising maritime security threats are expected to propel the growth of the unmanned surface vehicle (USV) market going forward. Maritime security threats refer to various risks and challenges that can compromise the safety, security, and operations of maritime activities such as terrorism, piracy, robbery, illicit movement of goods and persons, illegal fishing, and others. Unmanned surface vehicles (USVs) are used in maritime security for tasks such as surveillance, patrolling, and monitoring maritime areas that help to enhance situational awareness, gather real-time data, and provide support in areas that may be dangerous or difficult for manned vessels to access. The USVs, can operate alongside other human vessels, and improve the security forces’ capacity to observe and respond to crises at sea. For instance, in July 2023, according to the International Chamber of Commerce, a Paris-based organization, in the initial half of 2023, there were 65 recorded incidents of piracy and armed robbery against ships, marking a rise from the 58 incidents reported during the corresponding period in 2022. Therefore, rising maritime security threats drive the growth of the unmanned surface vehicle (USV) market.

Key Industry Players
Major companies operating in the unmanned surface vehicle (usv) market report are 5G International Inc., L3Harris Technologies, Atlas Elektronik GmbH, ECA Group, Elbit Systems Ltd., Liquid Robotics Inc., Rafael Advanced Defense Systems Ltd., SeaRobotics Corporation, Teledyne Technologies Inc., Textron Inc., Israel Aerospace Industries, Maritime Robotics, Kongsberg Maritime, Saab AB,Thales Group, Fugro NV, Open Ocean Robotics, RanMarine Technology, Xera Robotics Pvt. Ltd., Physical Sciences Inc., Metron Inc., TWI Technology Centre, ASV Global, Cavotec, ROV Aerospace Corp., Mesodyne, deMITasse Energies, Blue Bear Plastics Private Limited, Oceaneering International Inc., Waertsilae SAM Electronics

The unmanned surface vehicle (usv) market report table of contents includes:

1. Executive Summary
2. Unmanned Surface Vehicle (USV) Market Characteristics
3. Unmanned Surface Vehicle (USV) Market Trends And Strategies
4. Unmanned Surface Vehicle (USV) Market – Macro Economic Scenario
5. Global Unmanned Surface Vehicle (USV) Market Size and Growth
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31. Global Unmanned Surface Vehicle (USV) Market Competitive Benchmarking
32. Global Unmanned Surface Vehicle (USV) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Unmanned Surface Vehicle (USV) Market
34. Unmanned Surface Vehicle (USV) Market Future Outlook and Potential Analysis
35. Appendix

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