NEW
YORK, June 10, 2024 /PRNewswire/ -- The
global unmanned surface vehicle market size is estimated
to grow by USD 2.31 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 14.19% during the forecast
period. Increased research and investment in
USVs is driving market growth, with a trend
towards increased emphasis on use of ai in USVs.
However, high number of substitute products poses a
challenge. Key market players include 5G International Inc.,
AutoNaut Ltd., Clearpath Robotics Inc., Deep Ocean Engineering
Inc., ECA Group, Elbit Systems Ltd., L3Harris Technologies Inc.,
Liquid Robotics Inc., Marakeb Technologies LLC, Maritime Robotics,
Maritime Tactical Systems Inc., Ocean Aero, Oceanalpha Group Ltd.,
QinetiQ Ltd., Rafael Advanced Defense Systems Ltd., Rakuten Group
Inc., Saildrone Inc., SeaRobotics Corp., Textron Inc., and
thyssenkrupp AG.
![Technavio has announced its latest market research report titled Global unmanned surface vehicle market 2024-2028 Technavio has announced its latest market research report titled Global unmanned surface vehicle market 2024-2028](https://mma.prnewswire.com/media/2433945/20240207075651_bw2.jpg)
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Defense and
Commercial), Type (Remotely operated and Autonomous), and Geography
(North America, APAC, Europe, South America, and Middle East and
Africa)
|
Region
Covered
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
5G International Inc.,
AutoNaut Ltd., Clearpath Robotics Inc., Deep Ocean Engineering
Inc., ECA Group, Elbit Systems Ltd., L3Harris Technologies Inc.,
Liquid Robotics Inc., Marakeb Technologies LLC, Maritime Robotics,
Maritime Tactical Systems Inc., Ocean Aero, Oceanalpha Group Ltd.,
QinetiQ Ltd., Rafael Advanced Defense Systems Ltd., Rakuten Group
Inc., Saildrone Inc., SeaRobotics Corp., Textron Inc., and
thyssenkrupp AG
|
Key Market Trends Fueling Growth
Unmanned Surface Vehicles (USVs) are experiencing significant
growth due to advancements in AI technology. The US Navy's Task
Force 59 has integrated AI into USVs, completing over 15,000
sailing hours in Bahrain and
Jordan. Chinese company Beikun
Intelligence's 200-ton AI-operated USV has completed trials, with
plans for collision avoidance tests.
USVs offer real-time sensing, autonomous sailing, and remote
networking. iXblues' DriX USV is designed for civilian markets,
while OceanAlpha's USVs use AI, cloud servers, and data
communication for collision avoidance. China will deploy OceanAlpha's
electric-propelled USVs for goods transportation in the South China
Sea.
The Unmanned Surface Vehicle (USV) market is experiencing
significant growth due to increasing demand for autonomous
solutions in various industries. Capabilities such as secure
communication, advanced sensors, and improved battery life are
driving the trend. The use of USVs in applications like
hydrographic surveys, oil and gas exploration, and military
operations is on the rise.
Additionally, the integration of artificial intelligence and
machine learning technologies is enhancing the functionality and
efficiency of USVs. Companies are focusing on developing
cost-effective and reliable USVs to cater to the growing demand.
The market is expected to continue its upward trajectory in the
coming years.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• Unmanned
Surface Vehicles (USVs) face significant competition from various
substitutes, hindering market expansion. Major alternatives include
Remotely Operated Underwater Vehicles (ROVs) and Autonomous
Underwater Vehicles (AUVs), widely used in underwater exploration
and ocean mapping. ROVs are tethered to a nearby vessel, while AUVs
operate independently but are costlier.
• Another
emerging threat is Unmanned Aerial Vehicles (UAVs), or drones,
which offer cost savings and increased efficiency for external
vessel inspections, tank inspections, bathymetric surveys, and
offshore wind energy systems monitoring.
• The Unmanned
Surface Vehicle (USV) market faces several challenges. One key
challenge is the complex nature of ocean conditions, which require
advanced technology for navigation and operation. Another challenge
is the need for reliable communication systems to ensure USVs can
transmit data and receive instructions in real-time. Additionally,
the cost of developing and maintaining USVs can be high, making it
essential to find cost-effective solutions.
• Furthermore,
ensuring USVs comply with regulations and safety standards is a
significant challenge. Lastly, integrating USVs with other systems,
such as underwater vehicles and satellite technology, can be
complex and requires extensive research and development.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
- End-user
- 1.1 Defense
- 1.2 Commercial
- Type
- 2.1 Remotely operated
- 2.2 Autonomous
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Defense- Unmanned Surface Vehicles (USVs)
are gaining significant traction in various industries due to their
cost-effective and efficient operations. These vehicles offer
solutions for tasks such as hydrographic surveys, oceanographic
research, and military applications. Key players in the USV market
include Boeing, Lockheed Martin, and Rolls-Royce. Collaborations
and partnerships are driving innovation and growth in the sector.
For instance, Rolls-Royce and L3Harris Technologies announced a
collaboration to develop autonomous USVs for the U.S. Navy. The
market is expected to continue expanding, driven by increasing
demand for automation and remote operations.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Unmanned Surface Vehicle (USV) market encompasses the
development, production, and deployment of solar-powered vessels
equipped with advanced technologies for various applications. These
applications include water quality monitoring, climatic conditions
assessment, and ocean data mapping. USVs are also utilized in
scientific research, such as pollution studies and maritime
security threats detection. Real-time monitoring systems,
pre-programmed with collision detection technologies, ensure safe
and efficient fleet management.
Fishery products inspection and disaster management services are
further enhanced by USVs. Technological complexities, such as
lithium-ion batteries and solar energy integration, are addressed
to ensure long-lasting and eco-friendly operations. USVs are
remotely operated and come in various forms, including ground
robots, aerial robots, underwater robots, and surface vehicles.
Sensors like seismometers and pressure sensors are integrated to
gather comprehensive data. USVs play a crucial role in mitigating
risks associated with marine disasters, such as those reminiscent
of the Chernobyl disaster, by providing early warning systems and
response capabilities.
Market Research Overview
The Unmanned Surface Vehicle (USV) market represents the design,
development, production, and deployment of autonomous boats and
ships for various applications. These vehicles are equipped with
advanced technologies such as GPS navigation, sensors, and
communication systems, enabling them to operate without human
intervention. USVs are used for tasks including hydrographic
surveys, oil and gas exploration, military operations, and
research.
The market is driven by factors such as increasing demand for
efficient and cost-effective solutions, technological advancements,
and growing applications in diverse industries. Additionally,
governments and organizations continue to invest in USV research
and development to expand their capabilities and capabilities. The
USV market is expected to grow significantly in the coming years
due to these factors and the increasing adoption of automation in
marine industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Type
-
- Remotely Operated
- Autonomous
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio