Unmanned Surface Vehicles (USVs) Market

Industry Outlook

Unmanned Surface Vehicles (USVs) are autonomous vehicles that are capable of floating on water. Although unmanned aerial vehicles (UAVs) have been around for the past few years, their numbers are consistently growing. Despite the fact that these are still not as pervasive as their aerial versions, unmanned surface vehicles (USVs) have tremendous potential to set down their roots very deeply. For several applications, right from small vessels used for security surveillance to autonomous cargo ships, it is sure that in the coming years, numerous mariners will work from a home office. As a result, the unmanned surface vehicles (USVs) market is expected to reach US$ 4.88 billion in 2019, up from US$ 1.62 billion in 2018, growing at an 11.7% CAGR from 2019 to 2027.

Large and extra-large unmanned surface vehicles are expected to achieve new heights in the coming years.

Based on their size availability, unmanned surface vehicles (USVs) are classified into small-size USVs, medium-size USVs, large-size USVs, and extra-large-size USVs. At present, large-sized unmanned surface vehicles are leading the way in terms of market value in the global USV market. Large USVs are extensively used for military and defense applications, including surveillance and counterinsurgency. Aside from military applications, large USVs are also used for heavy cargo transport and commercial end-use. The significance of large USVs is expected to grow even further in the coming years, allowing the segment to cement its position firmly at the top.

Fully autonomous USVs are soon to take over the market from semi-autonomous versions.

Based on their mode of operation, unmanned surface vehicles are broadly classified as semi-autonomous or fully autonomous. At present, the market is dominated by semi-autonomous USVs; however, the segment is expected to lose market share to autonomous versions in the coming years. With the rapid proliferation of geolocation technologies such as GPS systems and radar systems, fully autonomous USVs are anticipated to cement their position across different end-use applications. End-use applications such as defense, scientific surveillance, and other mission-critical applications often prefer autonomous USVs, thus encouraging the growth of this variant.

High defense expenditure in the region helped North America achieve the top spot in the global unmanned surface vehicles market.

With the presence of the United States, the world’s largest spender on defense budgets, North America emerged as the unmanned surface vehicle (USV) market’s global leader. At present, the defense and military departments of the United States are heavily incorporating USVs for surveillance and other military operations. Besides, the use of USVs for scientific research and off-shore surveys is also encouraging the growth of the market in this region. With tremendous growth opportunities, North America is expected to maintain its position throughout the forecast period from 2019 to 2026.

Market Segmentation

The research study covers some of the leading unmanned surface vehicles (USVs), including Elbit Systems Ltd., Rafael Advanced Defense Systems Ltd., Teledyne Technologies, Inc., Textron, Inc., ASV Global, Atlas Elektronik GmbH, 5G International, Inc., Eca Group, Liquid Robotics, Inc., and Searobotics. Almost all the aforementioned companies are leading companies with respect to the military, defense, and autonomous systems providers. These companies are facing fierce competition with each other in order to acquire vital government contracts.

Furthermore, these companies are also buckling up to confront new entrants in the market, as this particular market holds tremendous potential for new companies. These companies are also striving hard to introduce their products equipped with state-of-the-art technology in order to claim their market share. The research study goes into great detail about other competitive analyses and business strategies.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-Up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Global USVs Market Snapshot
2.2. Global USVs Market, by Size
2.3. Global USVs Market, by Mode of Operation
2.4. Global USVs Market, by Application
2.5. Global USVs Market, by Geography

3. Global Unmanned Surface Vehicles (USVs) Market Analysis
3.1. Global USVs Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Challenges
3.3. See-Saw Analysis
3.3.1. Impact Analysis
3.4. Attractive Investment Proposition
3.5. Competitive Landscape
3.5.1. Market Positioning of Key Industry Participants
3.5.2. Major Strategies Adopted by Key Industry Participants

4. Global Unmanned Surface Vehicles (USVs) Market Value, by Size, 2017 – 2027 (US$ Mn)
4.1. Overview
4.1.1. Global USVs Market Value Share, by Size, 2018 & 2027 (Value %)
4.1.2. Global USVs Market Value, by Size, 2017 – 2027 (US$ Mn)
4.2. Small Size
4.2.1. Global Small Size USVs Market, 2017 – 2027 (US$ Mn)
4.3. Medium Size
4.3.1. Global Medium Size USVs Market, 2017 – 2027 (US$ Mn)
4.4. Large Size
4.4.1. Global Large Size USVs Market, 2017 – 2027 (US$ Mn)
4.5. Extra-large Size
4.5.1. Global Extra-large Size USVs Market, 2017 – 2027 (US$ Mn)

5. Global Unmanned Surface Vehicles (USVs) Market Value, by Mode of Operation, 2017 – 2027 (US$ Mn)
5.1. Overview
5.1.1. Global USVs Market Value Share, by Mode of Operation, 2018 & 2027 (Value %)
5.1.2. Global USVs Market Value, by Mode of Operation, 2017 – 2027 (US$ Mn)
5.2. Semi-autonomous
5.2.1. Global Semi-autonomous USVs Market, 2017 – 2027 (US$ Mn)
5.3. Autonomous
5.3.1. Global Autonomous USVs Market, 2017 – 2027 (US$ Mn)

6. Global Unmanned Surface Vehicles (USVs) Market Value, by Application, 2017 – 2027 (US$ Mn)
6.1. Overview
6.1.1. Global USVs Market Value Share, by Application, 2018 & 2027 (Value %)
6.1.2. Global USVs Market Value, by Application, 2017 – 2027 (US$ Mn)
6.2. Defense
6.2.1. Global USVs Market for Defense Application, 2017 – 2027 (US$ Mn)
6.3. Scientific Research
6.3.1. Global USVs Market for Scientific Research Application, 2017 – 2027 (US$ Mn)
6.4. Oil & Gas
6.4.1. Global USVs Market for Oil & Gas Application, 2017 – 2027 (US$ Mn)
6.5. Renewable Energy
6.5.1. Global USVs Market for Renewable Energy Application, 2017 – 2027 (US$ Mn)
6.6. Off-shore Survey
6.6.1. Global USVs Market for Off-shore Survey Application, 2017 – 2027 (US$ Mn)
6.7. Commercial
6.7.1. Global USVs Market for Commercial, 2017 – 2027 (US$ Mn)
6.8. Others
6.8.1. Global USVs Market for Other Application, 2017 – 2027 (US$ Mn)

7. North America Unmanned Surface Vehicles (USVs) Market Analysis, 2017 – 2027 (US$ Mn)
7.1. Overview
7.1.1. North America USVs Market Value, 2017 – 2027, (US$ Mn)
7.2. North America USVs Market, by Size, 2017 – 2027 (US$ Mn)
7.2.1. Comparative Analysis
7.3. North America USVs Market, by Mode of Operation, 2017 – 2027 (US$ Mn)
7.3.1. Comparative Analysis
7.4. North America USVs Market, by Application, 2017 – 2027 (US$ Mn)
7.4.1. Comparative Analysis
7.5. North America USVs Market Value, by Country, 2017 – 2027 (US$ Mn)
7.5.1. U.S.
7.5.2. Canada

8. Europe Unmanned Surface Vehicles (USVs) Market Analysis, 2017 – 2027 (US$ Mn)
8.1. Overview
8.1.1. Europe USVs Market Value, 2017 – 2027, (US$ Mn)
8.2. Europe USVs Market, by Size, 2017 – 2027 (US$ Mn)
8.2.1. Comparative Analysis
8.3. Europe USVs Market, by Mode of Operation, 2017 – 2027 (US$ Mn)
8.3.1. Comparative Analysis
8.4. Europe USVs Market, by Application, 2017 – 2027 (US$ Mn)
8.4.1. Comparative Analysis
8.5. Europe USVs Market Value, by Country, 2017 – 2027 (US$ Mn)
8.5.1. U.K.
8.5.2. Germany
8.5.3. France
8.5.4. Rest of Europe

9. Asia Pacific Unmanned Surface Vehicles (USVs) Market Analysis, 2017 – 2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific USVs Market Value, 2017 – 2027, (US$ Mn)
9.2. Asia Pacific USVs Market, by Size, 2017 – 2027 (US$ Mn)
9.2.1. Comparative Analysis
9.3. Asia Pacific USVs Market, by Mode of Operation, 2017 – 2027 (US$ Mn)
9.3.1. Comparative Analysis
9.4. Asia Pacific USVs Market, by Application, 2017 – 2027 (US$ Mn)
9.4.1. Comparative Analysis
9.5. Asia Pacific USVs Market Value, by Country, 2017 – 2027 (US$ Mn)
9.5.1. China
9.5.2. Japan
9.5.3. India
9.5.4. Rest of Asia Pacific

10. Rest of World (RoW) Unmanned Surface Vehicles (USVs) Market Analysis, 2017 – 2027 (US$ Mn)
10.1. Overview
10.1.1. RoW USVs Market Value, 2017 – 2027, (US$ Mn)
10.2. RoW USVs Market, by Size, 2017 – 2027 (US$ Mn)
10.2.1. Comparative Analysis
10.3. RoW USVs Market, by Mode of Operation, 2017 – 2027 (US$ Mn)
10.3.1. Comparative Analysis
10.4. RoW USVs Market, by Application, 2017 – 2027 (US$ Mn)
10.4.1. Comparative Analysis
10.5. RoW USVs Market Value, by Country, 2017 – 2027 (US$ Mn)
10.5.1. Middle East & Africa
10.5.2. Latin America

11. Company Profiles
11.1. Elbit Systems Ltd.
11.2. Rafael Advanced Defense Systems Ltd.
11.3. Teledyne Technologies, Inc.
11.4. Textron, Inc.
11.5. ASV Global
11.6. Atlas Elektronik GmbH.
11.7. 5G International, Inc.
11.8. Eca Group
11.9. Liquid Robotics, Inc.
11.10. Searobotics

List of Figures

FIG. 1 : Global Unmanned Surface Vehicles (USVs): Market Segmentation
FIG. 2 : Global USVs Market: Research Methodology
FIG. 3 : Top-Down and Bottom Up Approach
FIG. 4 : Global USVs Market Segmentation
FIG. 5 : Global USVs Market, by Size, 2018 (US$ Mn)
FIG. 6 : Global USVs Market, by Mode of Operation, 2018 (US$ Mn)
FIG. 7 : Global USVs Market, by Application, 2018 (US$ Mn)
FIG. 8 : Global USVs Market, by Geography, 2018 (US$ Mn)
FIG. 9 : Global USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 10 : See-Saw Analysis : Global USVs Market
FIG. 11 : Market Positioning of Key Industry Participants, 2018
FIG. 12 : Global USVs Market Value Contribution, by Size, 2018 & 2027 (Value %)
FIG. 13 : Global Small Size USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 14 : Global Medium Size USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 15 : Global Large USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 16 : Global Extra Large Size USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 17 : Global USVs Market Value Contribution, by Mode of Operation, 2018 & 2027 (Value %)
FIG. 18 : Global Semi-autonomous USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 19 : Global Autonomous USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 20 : Global USVs Market Value Contribution, by Application, 2018 & 2027 (Value %)
FIG. 21 : Global USVs Market Value for Defense, 2017 – 2027, (US$ Mn)
FIG. 22 : Global USVs Market Value for Scientific Research, 2017 – 2027, (US$ Mn)
FIG. 23 : Global USVs Market Value for Oil & Gas, 2017 – 2027, (US$ Mn)
FIG. 24 : Global USVs Market Value for Renewable Energy, 2017 – 2027, (US$ Mn)
FIG. 25 : Global USVs Market Value for Off-shore Survey, 2017 – 2027, (US$ Mn)
FIG. 26 : Global USVs Market Value for Commercial, 2017 – 2027, (US$ Mn)
FIG. 27 : Global USVs Market Value for Other Application, 2017 – 2027, (US$ Mn)
FIG. 28 : North America USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 29 : U.S. USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 30 : Canada USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 31 : Europe USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 32 : U.K. USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 33 : Germany USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 34 : France USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 35 : Rest of Europe USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 36 : Asia Pacific USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 37 : China USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 38 : Japan USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 39 : India USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 40 : Rest of Asia Pacific USVs Market Value, 2017 – 2027, (US$ Mn)
FIG. 41 : RoW USVs Market Value, 2017– 2026, (US$ Mn)
FIG. 42 : Middle East & Africa USVs Market Value, 2017– 2026, (US$ Mn)
FIG. 43 : Latin America USVs Market Value, 2017– 2026, (US$ Mn)

List of Tables

TABLE 1 : Market Snapshot: Global Unmanned Surface Vehicles (USVs) Market
TABLE 2 : Impact Indicators
TABLE 3 : Impact Analysis of Drivers and Restraints
TABLE 4 : North America USVs Market Value, by Size, 2017 – 2027 (US$ Mn)
TABLE 5 : North America USVs Market Value, by Mode of Operation, 2017 – 2027 (US$ Mn)
TABLE 6 : North America USVs Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 7 : North America USVs Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 8 : Europe USVs Market Value, by Size, 2017 – 2027 (US$ Mn)
TABLE 9 : Europe USVs Market Value, by Mode of Operation, 2017 – 2027 (US$ Mn)
TABLE 10 : Europe USVs Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 11 : Europe USVs Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 12 : Asia Pacific USVs Market Value, by Size, 2017 – 2027 (US$ Mn)
TABLE 13 : Asia Pacific USVs Market Value, by Mode of Operation, 2017 – 2027 (US$ Mn)
TABLE 14 : Asia Pacific USVs Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 15 : Asia Pacific USVs Market Value, by Country, 2017 – 2027 (US$ Mn)
TABLE 16 : Rest of World USVs Market Value, by Size, 2017 – 2027 (US$ Mn)
TABLE 17 : Rest of World USVs Market Value, by Mode of Operation, 2017 – 2027 (US$ Mn)
TABLE 18 : Rest of World USVs Market Value, by Application, 2017 – 2027 (US$ Mn)
TABLE 19 : Rest of World USVs Market Value, by Region, 2017 – 2027 (US$ Mn)
TABLE 20 : Elbit Systems Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 21 : Rafael Advanced Defense Systems Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 22 : Teledyne Technologies, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 23 : Textron, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 24 : ASV Global: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 25 : Atlas Elektronik GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 26 : 5G International, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 27 : Eca Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 28 : Liquid Robotics, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 29 : Searobotics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)