With the emergence and long-term Impact of COVID-19, Global Unmanned Surface Vehicles Market to reach USD 2.20 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global points towards a potential rise to USD 2.20 billion by 2030. Unmanned Surface Vehicles (USVs) are autonomous or remotely operated watercraft that operate on the surface of the water without a human crew on board. These vehicles are designed for various applications, ranging from scientific research and environmental monitoring to defense and commercial purposes. The key factors driving the market growth are increasing demand for maritime security, rising focus on ocean exploration, growing demand for water quality monitoring and ocean data mapping, and growing use of unmanned surface vehicles for defense missions that are anticipated to create the lucrative demand for the market during the forecast period 2023-2030.
Geographically, the global Unmanned Surface Vehicles market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the growing defense and security investments, presence of key market players, and growing interest in the commercial use of USVs for various applications such as offshore oil and gas exploration, fisheries management, hydrographic surveying, and environmental monitoring. Whereas, the Asia Pacific is expected to grow at the fastest growth rate over the forecast period, owing to factors such as the rising demand for oceanographic research, growing commercial applications, and government initiatives and support.
The global Unmanned Surface Vehicles market is highly competitive owing to the presence of several key players such as Teledyne Technologies Incorporated L3Harris Technologies, Inc. SeaRobotics Corp. Liquid Robotics Kongsberg Maritime AS Atlas Elektronik GmbH Maritime Robotics ECA Group. Elbit Systems Ltd Israel Aerospace Industries, and others.
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Key findings of the study suggest:
- Global Unmanned Surface Vehicles Market is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2023-2030.
- In the Application segment, Defense emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to growing interest in the commercial use of USVs for various applications such as offshore oil and gas exploration in the region.
- Asia Pacific is expected to grow at higher rate owing to rising demand for oceanographic research in the region.
Bizwit Research & Consulting has considered following segments for the study:
- By Size:
- Less than 11 Meters
- 11 to 26 Meters
- More than 26 Meters
- By Application:
- Defense
- Commercial
- By Mode of Operation:
- Autonomous Surface Vehicle
- Remotely Operated Surface Vehicle
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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