Home > Aerospace & Defense > Unmanned Surface Vehicle Market
Unmanned Surface Vehicle Market Size
- Report ID: GMI5741
- Published Date: May 2023
- Report Format: PDF
Unmanned Surface Vehicle Market Size
Unmanned Surface Vehicle (USV) Market size surpassed 500 million in 2022 and is estimated to record over 5% CAGR between 2023 and 2032. The increasing use of solar batteries that offer renewable & sustainable energy to USVs is accelerating their growth. The increasing demand for water quality monitoring due to increased pollution levels and ocean data mapping that allows scientists to study past climatic conditions are driving the demand for unmanned surface vehicles.
Furthermore, rising maritime security threats are prompting global navies to incorporate autonomous surface vehicles into their fleets, propelling the global unmanned surface vehicle market growth. These unmanned vehicles are widely used in disaster management services, particularly in search & rescue operations, preventive maintenance, and preservation of territorial and enclosed water areas.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Unmanned Surface Vehicle Market Size in 2022: | USD 500 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 1 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 524 |
| Tables, Charts & Figures: | 559 |
| Segments covered: | Type, Application, Endurance, Operations, Systems, Hull Type, Size |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The limited range and endurance of USVs can limit their operational effectiveness, in turn, hampering the market. The lack of skilled operators is another factor that may limit the USV market growth. While autonomous & semi-autonomous USV technology is rapidly evolving, skilled operators are still required to ensure that these vessels are used safely and effectively.
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Unmanned Surface Vehicle Market Scope
