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Unmanned Surface Vehicle Market Trends

Report ID: GMI5741
Published Date: May 2023
Report Format: PDF

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Unmanned Surface Vehicle Market Trends

USVs are used in various domains such as oceanographic research, maritime security & surveillance, oil & gas exploration, and defense & military operations. The increasing demand for USVs in the defense and military sectors is one of the key drivers of market growth. They are used in military missions such as surveillance & reconnaissance, mine detection & clearance, and anti-submarine warfare. USVs have several advantages over manned vessels including lower personnel risks and increased operational flexibility, which are important for oceanographic research & exploration. USVs gather information about ocean currents, temperatures, and salinity. They can be outfitted with a variety of sensors to collect data on marine life, underwater topography, and environmental conditions.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market valuation of unmanned surface vehicle was worth over USD 500 million in 2022 and will grow at a 5% CAGR between 2023 and 2032.

The defense sector held approximately 55% of the unmanned surface vehicle industry share in 2022 and is expected to grow at a lucrative pace by 2032 due to the increasing demand for USVs in anti-submarine warfare and special operations by forces in critical missions.

Asia Pacific market for unmanned surface vehicle is poised to grow at a 10% CAGR between 2023 to 2032 due to expanding automation and robotics sector.

5G International Inc., BAE Systems, ECA GROUPE, lbit Systems Ltd., Fugro, Kongsberg Maritime, L3Harris Technologies, Inc., Liquid Robotics, Inc., Maritime Robotics AS, OceanAlpha, SAAB AB, Sagar Defence Engineering, Teledyne, Inc., Textron Systems, and Thales.