
Region:Global
Author(s):Shivani Mehra
Product Code:KROD11401
December 2024
93

By Mode of Operation: The USV market is segmented by mode of operation into autonomous and remotely operated vehicles. Remotely operated USVs dominate the market, particularly in military and offshore industries, as they offer higher control and operational flexibility. These USVs are commonly used for inspection, maintenance, and repair tasks in offshore wind farms and oil and gas operations. This dominance is also driven by their ability to perform complex maneuvers while being operated from a remote location, offering a balance between operational control and safety.

By Region: The global Unmanned Surface Vehicle (USV) market is segmented by region into North America, Europe, Asia-Pacific, and the Middle East & Africa. North America dominates the market, driven by the U.S. Department of Defense's substantial investment in USV technologies for naval operations such as anti-submarine warfare and coastal surveillance. Additionally, commercial applications in environmental monitoring and offshore oil exploration also contribute significantly to the market's growth.

The USV market is dominated by a few key players that have established themselves through technological advancements, large-scale operations, and strategic partnerships. Major players include L3Harris Technologies, Kongsberg Gruppen, and Teledyne Technologies. These companies focus on enhancing their product portfolios and expanding their reach through collaborations, acquisitions, and investments in research and development.
|
Company |
Established |
Headquarters |
Technology Focus |
Revenue (USD Billion) |
Key Clients |
Major Contracts |
R&D Investment |
|
L3Harris Technologies |
1895 |
Melbourne, Florida, USA |
Defense, ISR Systems |
- |
- |
- |
- |
|
Kongsberg Gruppen ASA |
1814 |
Kongsberg, Norway |
Maritime and Defense Tech |
- |
- |
- |
- |
|
Teledyne Technologies Inc. |
1960 |
Thousand Oaks, California, USA |
Autonomous Systems |
- |
- |
- |
- |
|
Liquid Robotics |
2007 |
Sunnyvale, California, USA |
Ocean Robots, Environmental Monitoring |
- |
- |
- |
- |
|
Textron Systems Corp. |
1923 |
Providence, Rhode Island, USA |
Defense, Aerospace |
- |
- |
- |
- |
Market Growth Drivers:
Market Challenges:
Over the next five years, the USV market is expected to witness robust growth, driven by technological innovations and increasing demand for autonomous solutions across military, commercial, and environmental applications. Autonomous systems are becoming more advanced, offering longer endurance, reduced operational costs, and enhanced capabilities in harsh maritime environments. As defense budgets increase, particularly in the U.S. and Asia-Pacific, investments in USV technology will surge, further driving market expansion?
Market Opportunities:
|
By Size |
Small Medium Large |
|
By Application |
Defense Commercial Environmental Monitoring Hydrographic Surveying |
|
By Mode of Operation |
Autonomous Surface Vehicles Remotely Operated Surface Vehicles |
|
By Endurance |
Short (<100 hours) Medium (100-500 hours) Long (500-1000 hours) |
|
By Region |
North America Europe Asia-Pacific Middle East & Africa |
1.1. Definition and Scope
1.2. Market Valuation and Historical Analysis
1.3. Key Market Developments and Milestones
2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Trends Impacting Market Growth
3.1. Growth Drivers
3.1.1. Increased Defense Expenditure
3.1.2. Expansion of Offshore Oil and Gas Exploration
3.1.3. Environmental Monitoring Initiatives
3.2. Market Challenges
3.2.1. High Operational Costs and Technological Complexity
3.2.2. Cybersecurity Threats
3.3. Market Opportunities
3.3.1. Integration of AI and Machine Learning in USVs
3.3.2. Advances in Swarm Technology
3.4. Future Trends
3.4.1. Growth of Autonomous Systems
3.4.2. Increasing Defense Budgets
4.1. By Mode of Operation (In Value %)
4.1.1. Autonomous Vehicles
4.1.2. Remotely Operated Vehicles
4.2. By Size (In Value %)
4.2.1. Small
4.2.2. Medium
4.2.3. Large
4.3. By Application (In Value %)
4.3.1. Defense
4.3.2. Commercial
4.3.3. Environmental Monitoring
4.3.4. Hydrographic Surveying
4.4. By Endurance (In Value %)
4.4.1. Short (<100 hours)
4.4.2. Medium (100-500 hours)
4.4.3. Long (500-1000 hours)
4.5. By Region (In Value %)
4.5.1. North America
4.5.2. Europe
4.5.3. Asia-Pacific
4.5.4. Middle East & Africa
5.1. Detailed Profiles of Major Companies
5.1.1. L3Harris Technologies
5.1.2. Kongsberg Gruppen
5.1.3. Teledyne Technologies
5.1.4. Liquid Robotics
5.1.5. Textron Systems
5.1.6. Rafael Advanced Defense Systems
5.1.7. Saildrone
5.1.8. ECA Group
5.1.9. ATLAS ELEKTRONIK GmbH
5.1.10. Maritime Tactical Systems, Inc.
5.1.11. Buffalo Automation Group
5.1.12. Fugro
5.1.13. Open Ocean Robotics
5.1.14. DeepOcean Group
5.1.15. Thales Group
5.2. Cross Comparison Parameters (Revenue, Technology Focus, Market Share)
5.3. Strategic Initiatives
5.4. Mergers and Acquisitions
6.1. Compliance Standards and Certification
6.2. Defense Regulations
7.1. Future Market Size Projections (In USD Billion)
7.2. Key Factors Driving Future Market Growth
8.1. By Mode of Operation (In Value %)
8.2. By Size (In Value %)
8.3. By Application (In Value %)
8.4. By Endurance (In Value %)
8.5. By Region (In Value %)
9.1. TAM/SAM/SOM Analysis
9.2. Market Entry Strategies
9.3. Key Marketing Initiatives
9.4. White Space Opportunity Analysis
The first phase involves constructing an ecosystem map that highlights all the critical stakeholders within the USV market, utilizing secondary research sources such as defense contracts and industry publications. The objective is to pinpoint key drivers, including defense spending trends and technological advancements.
Historical data for the USV market, such as sales and operational data from commercial and defense sectors, will be collected. This step includes compiling revenue figures from major industry players and analyzing market penetration based on system types, applications, and operational modes.
Expert consultations are carried out with industry professionals from naval, commercial, and environmental organizations to validate market assumptions. These discussions provide insight into operational challenges, opportunities, and trends in unmanned surface vehicle applications.
After synthesizing the findings from desk research and expert consultations, a final report is compiled. This report offers a comprehensive analysis, covering market size, competitive landscapes, and future market projections for the global USV market.
The global USV market is valued at USD 0.8 billion in 2023, driven by defense and commercial applications, including environmental monitoring and offshore oil and gas exploration.
Challenges in the USV market include limited endurance for long-range missions and the complexity of integrating collision detection systems, especially in autonomous operations.
Major players include L3Harris Technologies, Kongsberg Gruppen, Teledyne Technologies, Liquid Robotics, and Textron Systems, all focusing on autonomous maritime solutions for defense and commercial sectors.
Key growth drivers include increased defense spending, advancements in autonomous vehicle technology, and the growing need for efficient maritime surveillance and environmental monitoring systems.
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