Unmanned Surface Vehicles Market Set to Reach USD 2.8 Billion by 2030, Growing at a Strong 13.2% CAGR

Unmanned Surface Vehicles Market Overview

The Unmanned Surface Vehicles (USVs) market was valued at USD 1.18 billion in 2023 and is projected to grow at a CAGR of 13.2% from 2024 to 2030, reaching nearly USD 2.8 billion.

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Market Dynamics

Increasing Contribution to Oil and Gas: USVs are crucial for exploration, surveying, and maintenance in the oil and gas industry, enhancing safety and operational efficiency.

Technological Advancements: Advances in Guidance, Navigation, and Control (GNC) systems are driving market growth, enabling autonomous operations in dynamic marine environments.

Challenges: Regulatory frameworks, especially under international maritime law like UNCLOS, present legal complexities for USVs' operational rights and obligations.

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Segment Analysis

Propulsion Types: Diesel currently dominates, with electric and hybrid propulsion systems expected to grow significantly.

Applications: Defense & Security leads the market, with USVs also gaining traction in commercial (e.g., fisheries management) and scientific research applications.

By Mode of Operation

Autonomous

Remotely Operated

By Size

Small (Length < 7 meters)

Medium (Length 7-11 meters)

Large (Length > 11 meters)

By Propulsion Type

Diesel

Electric

Solar

Hybrid

By Application

Defense & Security

Commercial

Scientific Research

Others (Recreational & Rescue Operations)

Regional Insights

North America: Dominates the market, driven by significant investments from the US Navy and commercial sectors.

Asia Pacific: Expected to grow rapidly, with China leading in technological advancements and applications in maritime operations.

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Key Players

Leading companies include Teledyne Marine, Textron Systems, Elbit Systems, and Kongsberg Maritime, among others.

Teledyne Marine [Thousand Oaks, California, USA]
Textron Systems [Providence, Rhode Island, USA]
Elbit Systems [Haifa, Israel]
L3Harris Technologies [Melbourne, Florida, USA]
Kongsberg Maritime [Kongsberg, Norway]
Atlas Elektronik [Bremen, Germany]
ECA Group [La Garde, France]
Searobotics Corporation [Stuart, Florida, USA]
Deep Ocean Engineering [San Jose, California, USA]
QinetiQ Group [Farnborough, Hampshire, UK]
Rafael Advanced Defense Systems [Haifa, Israel]
Thales Group [Paris, France]
EvoLogics GmbH [Berlin, Germany]
Exail [Mérignac, France]
OceanAlpha [Zhuhai, Guangdong, China]
Meteksan Defence Industry Inc. [Ankara, Turkey]
Hydronalix [Green Valley, Arizona, USA]
CHC Navigation [Shanghai, China]
Geosolution i Göteborg AB [Gothenburg, Sweden]

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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