Global Unmanned Surface Vehicle (Remotely Operated, Autonomous) Market, 2021-2026 - Rise in Asymmetric Threats and Need for Maritime Security & Increasing Capex in the Offshore Oil & Gas Industry - ResearchAndMarkets.com

The rising incidences of terrorism, cross-border dispute, and conflict across the globe have increased the need for enhanced border and maritime security.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, January 11, 2022
Information
Tags: 
Technology, Defense, Other Technology, Other Defense, Mineral, Region, CAGR, Textron, Technology, L3Harris Technologies, Elbit Systems, Navy, Unmanned surface vehicle, USV, Magnesium, Gull, Growth, Terrorism, Component, Communication, Mine, Temperature, Protector USV, Teledyne Technologies, Salinity, PH, Zinc, ISR, Water, Investment, USD, MCM, Cobalt, Pet, Ceramic, Weapon, Uncrewed vehicle, Software
Geotags: 
UK, NORTH AMERICA, US, MIDDLE EAST, EUROPE, ASIA, ISRAEL, FRANCE, CHINA, CANADA, NORTH
Summary
Key Points: 
  • The rising incidences of terrorism, cross-border dispute, and conflict across the globe have increased the need for enhanced border and maritime security.
  • As such, countries across the globe are increasingly adopting unmanned systems for improved border and maritime patrolling, thus leading to the growth in demand for unmanned surface vehicles.
  • In the commercial sector, unmanned surface vehicles equipped with various sensor payloads are used for oceanographic research and data mapping.
  • The growth of the North America Unmanned surface vehicles market is primarily driven by increasing focus on increasing investments in Unmanned surface vehicles technologies by countries in this region.


The "Global Unmanned Surface Vehicle Market by Type (Remotely Operated, Autonomous), System (Propulsion, Payload, Component, Software, Chassis Material, Communication), Application, Hull Type, Endurance, Size, Cruising Speed, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The unmanned surface vehicle market is projected to grow from USD 616 million in 2021 to USD 1,038 million by 2026, at a CAGR of 11.0% from 2021 to 2026.

The rising incidences of terrorism, cross-border dispute, and conflict across the globe have increased the need for enhanced border and maritime security. As such, countries across the globe are increasingly adopting unmanned systems for improved border and maritime patrolling, thus leading to the growth in demand for unmanned surface vehicles.

The defense applications of these vehicles include mine countermeasures, anti-submarine warfare, and naval warfare. In the commercial sector, unmanned surface vehicles equipped with various sensor payloads are used for oceanographic research and data mapping. They are used to evaluate the quality, temperature, salinity, and pH value of water, among others.

L3Harris Technologies (UK), Textron Inc. (US), Rafael Advanced Defense Systems Ltd. (Israel), ECA Group (France), Teledyne Technologies (US), and Elbit Systems (Israel) are some of the key players operating in the unmanned surface vehicle market. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East

By application, the defense segment is estimated to hold a larger share (~55%) of the USV market in 2021.

Countries such as the US, Canada, France, and China are increasingly adopting USVs for defense applications; this is driving the growth of the USV market. Elbit Systems was granted a contract to provide Seagull USVs to the Navy of an Asia Pacific country. Elbit Systems will supply Seagull USV systems that are particularly equipped to undertake Mine Countermeasures (MCM) operations, with the potential to add technology modules for anti-submarine warfare.

The contract will be completed over a 17-month pr. Under the defense application segment, the ISR subsegment is projected to register the highest CAGR during the forecast period. USVs can be used as an important tool for exploration activities to extract minerals such as cobalt, zinc, and magnesium; these minerals are used in the fabrication of smartphones, laptops, and hybrid cars, among others.

Based on the propulsion system, the electric segment is projected to register the highest CAGR of 13.9% from 2021 to 2026, reaching USD 85 million by 2026 from an estimated USD 44 million in 2021. This segment's growth is attributed to reduced complexity in the power distribution architecture, especially in autonomous USVs

The North America region is estimated to lead the Unmanned surface vehicles market in 2021

The North American region is estimated to lead the Unmanned surface vehicles market in the forecast period. The growth of the North America Unmanned surface vehicles market is primarily driven by increasing focus on increasing investments in Unmanned surface vehicles technologies by countries in this region. In addition, factors including increasing geopolitical tensions and increased defense-related expenditure are expected to drive the demand for the Unmanned surface vehicles market in the region

L3Harris Technologies (UK), Textron Inc. (US), Rafael Advanced Defense Systems Ltd. (Israel), ECA Group (France), Teledyne Technologies (US), and Elbit Systems (Israel) are some of the key players operating in the unmanned surface vehicle market.

These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East.

Premium Insights

  • Significant USV Deployment by Militaries to Drive Market
  • Large Segment Estimated to Account for Largest Market Share in 2021
  • 100-500 Hours Segment Projected to Register Highest CAGR During Forecast Period
  • India to Register Highest CAGR During Forecast Period

Market Dynamics

Drivers

  • Increased Demand for Water Quality Monitoring and Ocean Data Mapping
  • Rise in Asymmetric Threats and Need for Maritime Security
  • Increasing Capital Expenditure of Companies in Offshore Oil & Gas Industry

Restraints

  • Presence of Low-Cost Substitutes Such as UUVs

Opportunities

  • Advancements in USV Design
  • High Demand for Unmanned Surface Vehicles for Combat Operations

Challenges

  • Unclear Navigation Rules and Need for Human Intervention
  • Development of Collision Avoidance Systems and Networking Issues

COVID-19 Impact on USV Market

  • Demand-Side Impact
  • Key Developments from January 2018 to October 2021
  • Supply-Side Impact
  • Key Developments from January 2020 to June 2021

Trends/Disruptions Impacting Customer's Business

  • Revenue Shift and New Revenue Pockets for Unmanned Surface Vehicle Manufacturers
  • Average Selling Price Analysis of Unmanned Surface Vehicle, 2020

Unmanned Surface Vehicle Market Ecosystem

  • Prominent Companies
  • Private and Small Enterprises
  • End-users

Technology Analysis

  • Object Recognition
  • Mapping
  • Localization
  • Predictive Maintenance
  • Collision Avoidance Tool

Use Case Analysis

  • Use Case: Lar
  • Use Case: Autonomous Cargo Ships
  • Use Case: Oceanography

Companies Mentioned

  • 5G International
  • Atlas Elektronik GmbH
  • Clearpath Robotics
  • Deep Ocean Engineering
  • Eca Group
  • Elbit Systems
  • Kongsberg
  • L3Harris Technologies
  • Liquid Robotics
  • Marine Advanced Research
  • Maritime Robotics
  • Maritime Tactical Systems (Martac)
  • Ocean Aero
  • Ocius Technologies
  • Qinetiq
  • Rafael Advanced Defense Systems
  • Saab Ab
  • Saildrone
  • Seafloor Systems
  • Searobotics
  • Teledyne Technologies
  • Textron
  • Thales
  • Zhuhai Yunzhou Intelligence Technology

For more information about this report visit https://www.researchandmarkets.com/r/h6uo1o

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