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Unmanned Surface Vehicle Market by Application, Size, Propulsion System, Modes of Operation, Payload & Geography - Global Forecast to 2022

Unmanned Surface Vehicle Market: Global Forecast until 2022

  • May 2017
  • 142 pages
  • ID: 3816726
In this report:
This growth is attributed to the huge investments made by the French Navy in defense and increasing R&D activities in USVs. The scientific research application is estimated to be USD ##.## million in 2017 and projected to reach USD ##.## million in 2022 at a projected CAGR of ##.##% during the forecast period.

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"Increasing need for ISR, water quality monitoring and data mapping is a main factor for growing procurement of Unmanned Surface Vehicle, globally"

The unmanned surface vehicle market is forecasted to grow from $470.10M in 2017 to $938.50M by 2022 at a Compound annual growth rate of ~14.8 percent between 2017 and 2022. The industry for unmanned surface vehicles is influenced by factors, including rising need for ocean data and mapping, maritime security, and asymmetric threats.

"Defense segment anticipated to dominate the USV market during the estimate period"

The main applications considered for the market study are commercial and defense. The defense segment is expected to account for the biggest share among all the applications. Unmanned surface vehicles are used for different defense applications, including mine counter measures, anti-submarine, and maritime security, among others.

"The hybrid segment to grow at the highest CAGR (Compound annual growth rate) during the outlook period"

The hybrid segment is expected to rise at the maximum growth rate, as these propulsion systems have several advantages over single propulsion including greater endurance, low noise operations, and greater reliability.

"North America continent controls; EU to grow at the maximal rate"

The North American area controls the unmanned surface vehicle market in 2016, and is anticipated to continue its dominance during the estimate period. The U.S.A is considered to be the biggest developer, operator, and exporter of USVs, globally, thereby contributing to the North American unmanned surface vehicle market.

The sector in Europe (EU) is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. This quick increase can be accredited to the growing demand from scientific research and survey markets. In this area, maritime threats are continuously rising which are affecting the transportation of goods and energy. Due to such situations, the industry demand for USVs is growing in maritime security area.

"Distribution of profile of primary members taking part for the Unmanned Underwater Vehicle Market"

• By Company category - Tier 1 - 35 %, Tier 2 - 45.0 percent and Tier 3 - 20.0 percent

• By Description - C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

• By Area - North America (NA) - 45.0 percent, EU - 20.0 percent, Asia-Pac - 30.0 percent, RoW - 5.0 percent

The main firms decribed in the study contain Autonomous Surface Vehicle Limited, Textron Inc., ECA Group, Israel Aerospace Sectors, Elbit Systems, among others.

Segment Research

The study segments the unmanned surface vehicle market based on application (defense, commercial, scientific research, and others), size (small, medium, important, and extra big), propulsion system (electric system, mechanical system, hybrid, solar, and others), modes of operation (semi-autonomous and autonomous), and payload (sensors, cameras, INS, X-band marine radars, visual systems, SONAR, and others) and maps these segments and subsegments across main regions, that is, Asia Pacific (APAC), North America continent, Europe (EU), the Middle East (ME), and Rest of the globe. The analysis offers detailed market intelligence concerning the market opportunities and the main factors influencing the increase of the unmanned surface vehicle market (drivers, industry restraints, possibilities, and market-specific challenges), together with study of micro sectors with respect to individual developments trends, prospects, and their contribution to the unmanned surface vehicle market.

Why Purchasing This Study Can Help You:

From an insight prospect, this market research has emphasized several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the USV market; high-growth areas and territories and their specific regulatory policies; government actions; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on USV provided by the most important 10 market actors in the unmanned surface vehicle market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the USV market

• Market Development: Highlighted information about profitable emerging sectors - the report analyses the sectors for USV across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the unmanned surface vehicle market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the unmanned surface vehicle market

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