The payload segment of the unmanned surface vehicle market by system to grow at the highest CAGR during the forecast period

Unmanned Surface Vehicle (USV) Market Worth $1,020 Million by 2023

New York, NY, Jan-24, 2020 / (Aerospace NEWS)-- 

According to the new market research report on the "Unmanned Surface Vehicle (USV) Market by Application (ISR, MCM, Oceanography, Hydrography), System (Propulsion, Communication, Payload, Chassis), Type (Surface, Sub-surface), Mode of Operation, Size, Hull, Endurance and Region - Global Forecast to 2023", published by MarketsandMarkets™, 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 Compound Annual Growth Rate (CAGR) of 13.8% from 2018 to 2023. This growth can be attributed to the rising demand for maritime security, protection of shallow waters & ports, and need for ocean data & mapping, globally.

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Defense segment to grow at a higher CAGR in the unmanned surface vehicle market, among all applications during the forecast period 

Defense segment is projected to grow at a higher CAGR during the forecast period due to the significant demand from navies across the world for purposes, such as surveillance, reconnaissance, anti-submarine warfare, and mine countermeasures. Most of the players have invested in large sized USVs for combat operations, cargo supply, and lethal and non-lethal armament, among others. In North America, the defense segment accounts for the highest market share of the global unmanned surface vehicle market and major emphasis has been placed on the autonomy and intelligence of USVs.

The payload segment of the unmanned surface vehicle market by system to grow at the highest CAGR during the forecast period 

Based on system, the global unmanned surface vehicle market has been segmented and analyzed in terms of payload which include sonars, sensors, cameras, visual systems, X-band radars, and others. The payload market is led by the camera segment as it is cost-effective and provides ample opportunities for more advanced technological developments.

Browse in-depth TOC on "Unmanned Surface Vehicle (USV) Market"

95 - Tables  

36 - Figures  

161 - Pages  

North America and European region show the highest potential for implementation of unmanned surface vehicles 

The unmanned surface vehicle market is led by North America, as of 2017, owing to the technological advancements and the growing incidences of terrorism in the region. The market is driven by increasing demand for water quality monitoring, ocean data mapping, asymmetric threats, and maritime security. In the European region, USVs are playing important roles in Mine Countermeasures (MCM) and various other countries in Europe are also focusing on building new MCM-dedicated vessels. BRIC countries, especially the Asia Pacific region, has also become a significant region for growth of the market for USVs.

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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.

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Unmanned Surface Vehicle (USV) Market - Technological Advancements and Evolving Industry Trends

Market NEWS:

Unmanned Surface Vehicle (USV) Market is attended size of $1,020 Million by 2023 - Exclusive Report by MarketsandMarkets™

New York, NY, Nov-12, 2019 /(Aerospace NEWS)-- 

According to the new market research report on the "Unmanned Surface Vehicle (USV) Market by Application (ISR, MCM, Oceanography, Hydrography), System (Propulsion, Communication, Payload, Chassis), Type (Surface, Sub-surface), Mode of Operation, Size, Hull, Endurance and Region - Global Forecast to 2023", published by MarketsandMarkets™, 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 Compound Annual Growth Rate (CAGR) of 13.8% from 2018 to 2023. This growth can be attributed to the rising demand for maritime security, protection of shallow waters & ports, and need for ocean data & mapping, globally.

Don't miss out on business opportunities in Unmanned Surface Vehicle (USV) Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow: 

https://www.marketsandmarkets.com/speaktoanalyst.asp?id=220162588

Defense segment to grow at a higher CAGR in the unmanned surface vehicle market, among all applications during the forecast period 

Defense segment is projected to grow at a higher CAGR during the forecast period due to the significant demand from navies across the world for purposes, such as surveillance, reconnaissance, anti-submarine warfare, and mine countermeasures. Most of the players have invested in large-sized USVs for combat operations, cargo supply, and lethal and non-lethal armament, among others. In North America, the defense segment accounts for the highest market share of the global unmanned surface vehicle market and major emphasis has been placed on the autonomy and intelligence of USVs.

Scope of the report

Report Metric	Details
Market size available for years	2016-2023
Base year considered	2017
Forecast period	2018-2023
Forecast units	Value(USD)
Segments covered	Application, System, Mode of Operation, Type, Endurance, Hull Type, Size, and Region
Geographies covered	North America, APAC, Europe, Middle East, and RoW
Companies covered	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.

The payload segment of the unmanned surface vehicle market by the system to grow at the highest CAGR during the forecast period 

Based on system, the global unmanned surface vehicle market has been segmented and analyzed in terms of payload which include sonars, sensors, cameras, visual systems, X-band radars, and others. The payload market is led by the camera segment as it is cost-effective and provides ample opportunities for more advanced technological developments.

Browse in-depth TOC on "Unmanned Surface Vehicle (USV) Market"

95 - Tables  

36 - Figures  

161 - Pages  

North America and the European region show the highest potential for implementation of unmanned surface vehicles 

The unmanned surface vehicle market is led by North America, as of 2017, owing to the technological advancements and the growing incidences of terrorism in the region. The market is driven by increasing demand for water quality monitoring, ocean data mapping, asymmetric threats, and maritime security. In the European region, USVs are playing important roles in Mine Countermeasures (MCM) and various other countries in Europe are also focusing on building new MCM-dedicated vessels. BRIC countries, especially the Asia Pacific region, has also become a significant region for the growth of the market for USVs.

Ask for PDF @

 https://www.marketsandmarkets.com/pdfdownload.asp?id=220162588

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.

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Unmanned Underwater Vehicles (UUV) Market is attend size of $5.20 Billion by 2022, at a CAGR of 14.07%

New York, USA, August-12, 2019 /140710720/Aerospace -- 

Market NEWS: Unmanned Underwater Vehicles (UUV) Market Worth 5.20 Billion USD by 2022

The report "Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicles), ROV & AUV Market by Application, Product, Propulsion System, Payload, and Region - Global Forecasts to 2022", published by MarketsandMarkets™, the Unmanned Underwater Vehicles (UUV) market is estimated at USD 2.69 Billion in 2017 and is projected to reach USD 5.20 Billion by 2022, at a CAGR of 14.07% from 2017 to 2022. The growth of the market can be attributed to the rising number of deep-water offshore oil & gas production activities and increasing maritime security threats.

Browse 119 Market Data Tables and 99 Figures spread through 294 Pages and in-depth TOC on "Unmanned Underwater Vehicles (UUV) Market - Global Forecasts to 2022"

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"Based on application, the commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period" 

The commercial exploration segment of the Remotely Operated Vehicle (ROV) market is expected to witness the highest growth during the forecast period. This growth can be attributed to the increased demand for UUVs in commercial applications, such as surveys and seabed mapping, offshore drilling, and pipeline inspection.

"Based on payload, the sensor segment of the unmanned Underwater Vehicles market is expected to witness the highest growth during the forecast period" 

The unmanned Underwater Vehicles market has been segmented and analyzed based on payload into sensors, radars, cameras, lasers, and others. The camera segment is estimated to be the largest segment of the market in 2017, as high-resolution cameras are the most widely used payloads in various applications. The sensors segment is projected to witness the highest growth, due to the increased use of sensors in the defense sector for scanning, detecting, mapping, and remote sensing. Sensors are also used in the commercial sector to measure the concentration of various elements and compounds and detect the presence of microscopic life.

"The unmanned Underwater Vehicles market in Africa is expected to witness high growth during the forecast period." 

North America is estimated to account for the largest share of the unmanned Underwater Vehicles market in 2017, due to the rising incidences of terrorism and increasing offshore drilling activities in the region. The unmanned Underwater Vehicles market in Africa is expected to witness the highest growth during the forecast period, owing to the rising oil & gas exploration activities undertaken by countries such as South Africa and Nigeria and the increased use of UUVs in anti-submarine warfare to help detect manned submarine in the region.

Oceaneering International (US), Kongsberg Maritime (Norway), Teledyne Technologies, Inc. (US), and Subsea 7 S.A. (UK) are the major players operating in the unmanned Underwater Vehicles market.

The report segments and analyzes the unmanned Underwater Vehicles market based on type (remotely operated vehicle, and autonomous Underwater Vehicles), ROV product type (small vehicles, high-capacity electric vehicles, work class vehicles, and heavy work class vehicles), AUV product type (man-portable vehicles, lightweight vehicles, heavyweight vehicles, and large vehicles), application (commercial exploration, defense, scientific research, and miscellaneous), propulsion (electric systems, mechanical systems, hybrid systems, and others), payload (sensors, lasers, camera, radars, and others) and maps these segments and subsegments across the major regions, namely, North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa.

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