HOME Press Releases Unmanned Surface Vehicle (USV) Market worth 938.5 Million USD by 2022



Unmanned Surface Vehicle (USV) Market worth 938.5 Million USD by 2022


The report "Unmanned Surface Vehicle (USV) Market by Application (Defense, Scientific Research, Commercial, Miscellaneous), Size (Small, Medium, Large, Extra Large), Propulsion System, Modes of Operation, Payload & Geography - Global Forecast to 2022", The unmanned surface vehicle market is estimated at USD 470.1 Million in 2017, and is expected to reach USD 938.5 Million by 2022, at a CAGR of 14.83% from 2017 to 2022. This growth can be attributed to rising demand for maritime security, protection of shallow waters & ports, and need for ocean data & mapping, globally.

Browse 72 market data tables and 56 figures spread through 140 pages and in-depth TOC on "Unmanned Surface Vehicle (USV) Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/unmanned-surface-vehicle-market-220162588.html
Early buyers will receive 10% customization on reports.

“Defense segment expected to grow at the highest CAGR during the forecast period”

The defense segment is expected to grow at a highest CAGR due to huge demand from navies across the world for purposes such as surveillance, reconnaissance, anti-submarine warfare, and mine countermeasures. Most of the players have invested into large sized USVs for combat operations, cargo supply, and lethal and non-lethal armament among others.

“The sensors segment of the unmanned surface vehicle market is expected to grow at the highest CAGR during the forecast period”

In terms of payload, the unmanned surface vehicle market has been segmented into sonars, sensors, camera, visual systems, INS, X-band radars, and others. The camera segment dominates the market. Cameras are cost-effective and provides ample opportunities for more advanced technological developments in near future. The sensor segment is projected to grow at the highest CAGR during the forecast period.

“North America and European region show the highest potential for implementation of Unmanned Surface Vehicles”

The unmanned surface vehicle market is dominated by North America, as of 2015, owing to the technological advancements and the growing terrorist activities 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 used in mine countermeasures (MCM) and focus is on to build new MCM-dedicated vessels.

 The major players in this market have been identified to be ASV Unmanned Marine Systems (U.K.), Teledyne Technologies, Inc. (U.S.), Textron Inc. (U.S.), and Elbit Systems Ltd. (Israel), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports