The unmanned surface vehicle market is estimated to be USD 534 million in 2018 and is projected to reach USD 1,020 million by 2023, at a CAGR of 13.8% from 2018 to 2023.
Increase in demand for ISR, water quality monitoring, maritime security and threats, and the need for ocean data and mapping are the major factors that are expected to drive the unmanned surface vehicle market during the forecast period. The demand for unmanned surface vehicles is leading to the increasing interest of various manufacturers and their inclination towards investing in the unmanned surface vehicle market. Government organizations and private agencies have been investing significantly in the manufacture and development of advanced and efficient unmanned surface vehicles.
By application, the defense segment is expected to grow at the highest CAGR during the forecast period
On the basis of application, the given market has been segmented into defense and commercial. The defense segment is projected to grow at a significant CAGR during the forecast period, because unmanned surface vehicles offer greater capacity compared to traditional equivalent systems and can be equipped with stabilized weapon systems and electro-optical tracking systems. This is expected to help militaries monitor also during the night using infrared vision.
The large segment is expected to lead the unmanned surface vehicle market from 2018 to 2023
Based on size, the unmanned surface vehicle market has been segmented into small, medium, large, and extra large. The growth of the large segment can be attributed to the high-value contracts awarded to manufacturers of unmanned surface vehicles for the development of large unmanned surface vehicles, which are majorly used in defense applications, such as ISR activities, combat operations, cargo & resupply, etc.
The autonomous surface vehicle segment to grow at the higher CAGR in the unmanned surface vehicle market from 2018 to 2023
Based on mode of operation, the unmanned surface vehicle market has been segmented into remotely operated surface vehicle and autonomous surface vehicle. The growth of autonomous surface vehicle segment can be attributed to the increasing use of autonomous surface vehicles in defense and commercial applications, as these vehicles are able to conduct any commercial or military operations on their own without any human intervention. Changes in the surroundings of these vehicles are sensed by onboard sensing devices, which information is then electronically transmitted to the remotely located human operators.
The European region is expected to exhibit the highest growth rate in the unmanned surface vehicle market and is projected to grow at the highest CAGR during the forecast period. This growth is due to the demand for unmanned surface vehicles by navies for ISR activities and oceanographic studies, along with the presence of key manufacturers, such as the ECA Group (France), ASV (UK), and Atlas Elektronik (Germany) are in the region. Atlas Elektronik accounts for the largest share with reference to the manufacture of unmanned surface vehicles in the European region.
The major players in the unmanned surface vehicle market include ASV Global (UK), Teledyne Technologies (US), Textron Inc. (US), ECA Group (France), Israel Aerospace Industries (Israel), Atlas Elektronik (Germany), SeaRobotics (US), Maritime Robotics (Norway), Elbit Systems (Israel), Rafael Advanced Defense Systems (Israel), 5G International (US), and Liquid Robotics (US), among others.
ASV Global (now L3 ASV) is one of the key market players engaged in forming strategic partnerships and agreements so as to increase the adoption of USVs for commercial and defense applications by surveyors, scientific researchers, and defense organizations.
In July 2018, ASV Global entered into a partnership with Sonardyne International Ltd., the National Oceanography Centre (NOC), and SeeByte to deliver a long endurance, multi-vehicle, autonomous survey solution.
In May 2018, Teledyne Marine and Research Products Development Company (RPDC) signed an agreement to collaborate on global commercialization of new technologies developed within Saudi Arabia.
In January 2018, Textron Systems signed a Cooperative Research and Development Agreement (CRADA) with Naval Sea Systems Command (NAVSEA).
Key Topics Covered:
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Currency & Pricing 1.4 Limitations 1.5 Market Stakeholders
2 Research Methodology 2.1 Research Data 2.2 Market-Size Estimation 2.3 Market Breakdown & Data Triangulation 2.4 Research Assumptions
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Unmanned Surface Vehicle Market 4.2 Europe Unmanned Surface Vehicle Market, By Size and Country 4.3 Unmanned Surface Vehicle Market, By Key Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Increased Demand for USVs for Water Quality Monitoring and Ocean Data Mapping 18.104.22.168 Rise in Asymmetric Threats and Need for Maritime Security 5.2.2 Restraints 22.214.171.124 Presence of Low-Cost Substitutes Such as Uuvs 5.2.3 Opportunities 126.96.36.199 Advancements in USV Design 188.8.131.52 High Demand for Autonomous Surface Vehicles to Carry Out Combat Operations 5.2.4 Challenges 184.108.40.206 Unclear Navigation Rules and Need for Human Intervention 220.127.116.11 Development of Collision Avoidance Systems and Networking Issues
6 Industry Trends 6.1 Introduction 6.2 Value Chain Analysis 6.3 Supply Chain Analysis 6.4 Industry Trends 6.5 Technology Trends 6.5.1 Unmanned Surface Vehicles as Weapons of War 6.5.2 Caracas Technology 6.5.3 Data Dissemination 6.5.4 Launch and Recovery Systems 6.5.5 System to Refuel at Sea 6.5.6 Collaborative Unmanned Systems 6.5.7 Special Monitoring of Applied Response Technology (SMART) 6.5.8 Artificial Intelligence for Unmanned Surface Vehicles 6.5.9 Maritime Autonomy Surface Testbed (MAST) 6.6 3D Printing in Unmanned Surface Vehicles 6.7 Unmanned Surface Vehicle Capabilities in Comparison With Other Unmanned Vehicles 6.8 Innovation & Patent Registrations 6.9 Key Trend Analysis
7 Unmanned Surface Vehicle Market, By Application 7.1 Introduction 7.2 Defense 7.2.1 Intelligence, Surveillance, and Reconnaissance (ISR) 18.104.22.168 Increasing Demand for USV for Its ISR Capabilities 7.2.2 Mine Countermeasures 22.214.171.124 Increasing Adoption of USVs for Minesweeping and Mine Identification 7.2.3 Maritime Security 126.96.36.199 Unmanned Surface Vehicles are Capable of Performing Coastal Surveillance and Port Patrol Operations 7.2.4 Anti-Submarine Warfare (ASW) 188.8.131.52 Increased Demand for Unmanned Surface Vehicles for Use in Anti-Submarine Warfare 7.2.5 Electronic Warfare 184.108.40.206 Key Focus on Developing USV for Use of Electronic Warfare 7.2.6 Special Operation Forces 220.127.116.11 USVs are Being Used for Special Operation Forces in Critical Missions 7.2.7 Maritime Interdiction Operation Support 18.104.22.168 USVs are Deployed in Missions to Mitigate and Eliminate Risks to Friendly Forces Without Affecting Onboard Ship Crew 7.2.8 Marine Targetry 22.214.171.124 Increasing Use of USVs for Naval Gunnery Training 7.2.9 Firefighting 126.96.36.199 USVs are Deployed for Firefighting and Rescue Operations as They are Highly Prompt and Convenient 7.2.10 Others 7.3 Commercial 7.3.1 Ocean Data Collection 188.8.131.52 Use of Autonomous Observing Systems Such as USVs has Led to the Possibility of Collection of Different Types of Ocean Data 7.3.2 Oil & Gas Exploration 184.108.40.206 Demand From Oil and Gas Industry is Driving the Growth of USV Market 7.3.3 Oceanographic & River Mapping Study 220.127.116.11 Deployment of USVs to Conduct Advanced Scientific Research Studies 7.3.4 Environmental Monitoring 18.104.22.168 Increasing Need for Real Time Data for Weather Forecast Analysis and Monitoring 7.3.5 Seabed Mapping 22.214.171.124 USVs are Being Used for Bathymetric Measurements By Using Bathymetric Equipment and Software 7.3.6 Hydrographic Survey 126.96.36.199 Increasing Demand for USVs for Surveying the Shallow Depths of Water Bodies and Areas Along the Shores 7.3.7 Marine Salvage & Debris Removal 188.8.131.52 Major Use of USVs for Removal of Waste and Debris From Ocean Waters 7.3.8 Others
8 Unmanned Surface Vehicle Market, By Mode of Operation 8.1 Introduction 8.2 Remotely Operated Surface Vehicle 8.2.1 Enhanced Operational Efficiency of USVs Generate Extensive Growth Opportunities for USV Manufactures. 8.3 Autonomous Surface Vehicle 8.3.1 Huge Demand for Autonomous USVs to Handle Critical Missions in Marine Warfare
9 Unmanned Surface Vehicle Market, By Size 9.1 Introduction 9.2 Large 9.2.1 Large Size USVs are Increasingly Used for Mine Countermeasure Mission, Anti-Submarine Warfare, and Maritime Shield 9.3 Medium 9.3.1 Medium Sized USVs are Increasingly Used for Pre-War and Post War Maintenance and Support to Naval Forces 9.4 Extra Large 9.4.1 Extra-Large-Sized USVs are Used for Missions That Require Large Payloads and High Autonomy 9.5 Small 9.5.1 Small-Sized USVs are Gaining Traction in the Commercial Sector, Owing to Their Wide Range of Applications
10 Unmanned Surface Vehicle Market, By System 10.1 Introduction 10.2 Propulsion, By Type 10.2.1 Diesel/Gasoline Engine 10.2.1.1 Most USVs are Powered By Diesel/Gasoline Engines as They Provide Higher Energy, and Higher Payload Capacity 10.2.2 Solar 10.2.2.1 Solar Powered USVs Reduce Operating and Maintenance Costs as Compared to Other Systems 10.2.3 Hybrid 10.2.3.1 Hybrid Energy Sources Ensure Significant Improvements in the Endurance and Payload Weight Carrying Capacity of USVs 10.2.4 Electric 10.2.4.1 High Demand Due to Lithium-Ion Batteries Have High Specific Density, High Voltage, and Can Operate in A Wide Range of Temperatures 10.2.5 Others 10.3 Communication, By Type 10.3.1 Radio 10.3.1.1 Use of Radios in USVs to Receive Commands From the Ground Station 10.3.2 Wi-Fi 10.3.2.1 Increasing Use of Wi-Fi-Based Communication in USVs for Small Ranges Operations 10.3.3 Satellite 10.3.3.1 Higher Adoption of Satellite Communications in USVs to Ensure Uninterrupted Connectivity in Harsh Maritime Conditions 10.3.4 Uhf/Vhf 10.3.4.1 Uhf/Vhf Communications in USVs Suitable for Beyond Line of Sight Or Beyond the Horizon Operations 10.3.5 Others 10.4 Payload, By Type 10.4.1 Cameras 10.4.1.1 Increasing Use of Various Cameras as Payload in USVs for Precise Visual and Thermal Data Collection 10.4.2 Sensors 10.4.2.1 Most Critical Payload in USVs Used to Examine Undersea Cables and Classify A Wide Variety of Chemicals in Seawater 10.4.3 Sonar 10.4.3.1 Increasing Use of Sonar in USVs for Motion Sensing and Collision Avoidance 10.4.4 X-Band Marine Radars 10.4.4.1 Demand for X-Band Radars in USVs for Understanding the Sea Dynamics 10.4.5 Visual Systems 10.4.5.1 Visual Systems are Used Widely in Navy Operations Such as Rapid Clearing of Mines and Conducting Search & Rescue Operations 10.4.6 Lidar 10.4.6.1 USVs are Equipped With Lidar Components to Be Used for Remote Sensing 10.4.7 Echo Sounders 10.4.7.1 Echo Sounders are Payloads That are Used in USVs for Bathymetry and Other Hydrographic Surveys 10.4.8 Others 10.5 Chassis Material, By Type 10.5.1 Aluminum 10.5.1.1 Aluminum Counts for Major Share in USV Material 10.5.2 Carbon Composites 10.5.2.1 Carbon Composites Have the Second Highest Adoption Due to Their High Stiffness and Low Weight 10.5.3 Fiberglass 10.5.3.1 Fibreglass is Expected to Grow at the Highest CAGR in the USV Chassis Material Segment 10.5.4 Others 10.6 Component, By Type 10.6.1 Motor 10.6.1.1 Motor Accounts for Major Share in USV Components 10.6.2 Navigation, Guidance, and Control (Ngc) System 10.6.2.1 Ngc System is Estimated to Grow at the Highest CAGR 10.6.3 Hardware 10.6.3.1 Adoption of Autonomy Components is Increasing in USV Market 10.7 Software 10.7.1.1 Software Solutions Form A Critical Part in Any Unmanned System as They Enhance the Capabilities of A Vehicle
11 Unmanned Surface Vehicle Market, By Type 11.1 Introduction 11.2 Surface 11.2.1 Surface USV Accounts for the Major Share in the USV Market 11.3 Sub-Surface 11.3.1 Sub-Surface USV is the Latest Trend Adopted By Several Emerging Players Globally
12 Unmanned Surface Vehicle Market, By Endurance 12.1 Introduction 12.2 <100 Hours 12.2.1 Higher Adoption of <100 Hours Endurance USVs in Commercial as Well as Defense Application for Data Collection 12.3 100-500 Hours 12.3.1 USVs With an Endurance Range Within 100-500 Hours are Used Mostly for Commercial Applications Such as Oceanographic & River Mapping 12.4 500-1000 Hours 12.4.1 USVs With an Endurance Range Within 500-1000 Hours are Mostly Used for Oilfield Services 12.5 >1,000 Hours 12.5.1 USVs Having an Endurance Range >1,000 Hours are Widely Used for Military Applications Such as Iisr, Mcm, ASW, and Amd Missions
13 Unmanned Surface Vehicle Market, By Hull Type 13.1 Introduction 13.2 Kayak (Single Hull) 13.2.1 The Adoption of Kayaks is More Than Other USVs Due to Their Convenient Mounting and Loading Capabilities. 13.3 Catamaran (Twin Hulls) 13.3.1 Catamaran Accounts for the Second Highest CAGR 13.4 Trimaran (Triple Hulls) 13.4.1 Increasing Demand for Trimarans Due to Their Greater System Stability, Minimized Risk of Capsizing in Rough Water 13.5 Rigid Inflatable Hull 13.5.1 Rigid Inflatable Hulls are Suitable in Military Applications Because of Their Greater Endurance and Payload Capacity
14 Regional Analysis 14.1 Introduction 14.2 North America 14.2.1 Us 184.108.40.206 US Leads the USV Market With the Maximum Share Across Countries Globally 14.2.2 Canada 220.127.116.11 Canada Government's Strategic Decision to Develop Its Own Indigenous Marine Industry to Grow the Market 14.3 Asia Pacific 14.3.1 China 18.104.22.168 China is Also Ahead Higher Adopting and Deploying Unmanned Systems Such as Unmanned Surface Vehicles. 14.3.2 India 22.214.171.124 Indian Defence Forces are Focusing to Develop Unmanned Surface, and Underwater Vehicles 14.3.3 Japan 126.96.36.199 Japan is One of the Leading Countries in Asia Pacific Working Actively on Developing Unmanned Surface Vehicle and Autonomous Ship Building 14.3.4 Singapore 188.8.131.52 Increasing Deliveries of USVs Driving the Singapore USV Market 14.3.5 Rest of Asia Pacific 184.108.40.206 Demand for Unmanned Maritime Systems for Defense Sector 14.4 Europe 14.4.1 Uk 220.127.116.11 UK Key Market Players are Focusing on Collaborating With Research Institutes for Increasing the Adoption of USVs 14.4.2 Sweden 18.104.22.168 Increasing Demand for USV's for Naval Operations 14.4.3 Germany 22.214.171.124 The Offshore Drilling Activities Have Been Undertaken By the German Government and Hence, the USV Market Will Show Prominent Development in the Next Few Years 14.4.4 France 126.96.36.199 The French Government Focuses on Strategic Sectors Such as Deep Offshore, Liquefied Natural Gas, Unconventional Gas, and Extra-Heavy Oils and Oil Sands 14.4.5 Italy 188.8.131.52 Italy's USV Defense Segment is Estimated to Have the Highest CAGR 14.4.6 Rest of Europe 184.108.40.206 Supply of USV Components and Systems From Oems to Drive the Growth of the Market 14.5 Middle East 14.5.1 UAE 220.127.116.11 The Gulf Corporation is Investing in Sea Exploration Activities in Regards to Iraqi Defense Threats 14.5.2 Israel 18.104.22.168 Presence of Some of the Major Manufacturers in Israel Which Fuels the Market for USV 14.5.3 Rest of the Middle East 22.214.171.124 Growing Unrest in the Middle East is Likely to Fuel the Demand for USVs to Modernize the Naval Defense Equipment 14.6 Rest of the World 14.6.1 Nigeria 126.96.36.199 Nigeria is Expected to Have the Highest CAGR 14.6.2 Brazil 188.8.131.52 Growth of the Commercial Segment of USVs is Expected to Be Driven By the Extensive Offshore Drilling Activities Undertaken in the Country
16 Company Profiles 16.1 Asv Global 16.2 Teledyne Technologies 16.3 Textron 16.4 Atlas Elektronik 16.5 ECA Group 16.6 Searobotics 16.7 Elbit Systems 16.8 Rafael Advanced Defense Systems 16.9 5g International 16.10 Liquid Robotics 16.11 Maritime Tactical Systems (Martac)