Unmanned Surface Vehicles Market by type (Autonomous Surface Vehicles, Remotely Operated Surface Vehicles, Application (Defense, Commercial), System, Cruising Speed, Hull Type, Endurance, Size and Region - Forecast to 2027
The Unmanned Surface Vehicles Market was valued at $0,700 Million in 2021 and is estimated to grow from $0,800 Million in 2023 to $1,200 Million by 2027 at a CAGR (Compound Annual Growth Rate) of 11.1%. The Unmanned Surface Vehicles Industry is driven by factors such as innovations in Unmanned surface vehicles used for inspection and hydrographic surveying across the world.
Unmanned surface vehicles Market Forecast to 2027
To know about the assumptions considered for the study, Request for Free Sample Report
2022 Recession has been affecting several products and services in several industries. The impact of recession on the supply chain of unmanned systems was no different. As several countries in the world reduced their defense budgets, it badly impacted the research & development (r&d), contracts and hence production of USVs.
Unmanned Surface Vehicles Market Dynamics
Driver: Increased capital expenditure of companies in offshore oil & gas industry
The offshore industry includes oil & gas plants. The global energy demand has tripled in the past 50 years owing to several technological innovations in emerging economies. With traditional onshore reserves continuously depleting, offshore resources play a key role in meeting this growing energy demand. This has led to the shifting of oil & gas production facilities to subsea regions. For instance, the state-owned offshore oil & gas company, CNOOC, of China has announced an increase in capital expenditure from USD 12.3 billion to USD 13.7 billion (CNY 85.0 billion to CNY 95.0 billion) in 2021. The company aimed to drill 227 exploration wells and acquire 27,000 square kilometers of 3D seismic data in 2021. Rapid technological advancements in USVs in terms of improved communication and increased depth accessibility are expected to continue promoting the use of USVs in the oil & gas sector. The advent of smart devices has led to improved operational management and risk management. Advanced navigation and imaging systems are deployed for safe operations in difficult environments. USVs are used for pipeline inspections, platform inspections, bathymetric surveys, and search and rescue operations in the oil & gas industry.
Opportunity: Growing use of unmanned surface vehicles in combat operations
Unmanned surface vehicles (USVs) are self-sufficient and deployed in a wide range of challenging environments, limiting the risk to human lives. Missions are pre-programmed by operators in USVs; however, the execution of these missions is carried out by USVs without any human intervention. In the defense sector, USVs are being developed for intelligence, surveillance, & reconnaissance (ISR); anti-submarine warfare (ASW); mine countermeasures; and other related applications. They are equipped with advanced sensors and cameras, which aid in the underwater and water-surface recording. Most defense forces worldwide are investing in developing and deploying USVs for defense operations to strengthen their maritime combat capabilities.
Challenges: Development of collision avoidance systems and networking issues
Collision avoidance systems are required in USVs because of the presence of sea debris such as lobster traps, buoys, fishing nets, among others. The collision avoidance systems are required in order to safely navigate the USVs in presence of such systems.
One other challenge faced by USV namufacturers is to create an interface which can efficiently connect the USV with their owner and with other USVs. By achieving this, the owner can collectively keep the track of all its USVs, than individually tracking each vehicle. For the fulfilment of this task and achieve such high degree of automation, a specialized interfaces will be required. However, Launch and recovery systems must meet the safety, reliability, and performance criteria to minimize the impact on host vessels and USVs.
Single Hull segment of the Unmanned Surface Vehicles is Projected to Grow at Highest CAGR During Forecast Period
Single hulls are easy to manufacture and can be modified from manned to unmanned surface vehicles. Compared to the other hull types, the adoption of single hulls is more due to their convenient mounting and loading capabilities. The single segment is projected to register the highest CAGR of 11.9% during the forecast period.
10-30 Knots Cruising Speed segment of Unmanned Surface Vehicles Projected to Grow at Highest CAGR During Forecast Period
USVs with a speed of 10–30 knots are used for surveillance and launch & recovery (LAR) applications. For instance, the Sea Sword can operate for up to 8 hours at 15 knots and has a control radius of up to 12 km. The Sea Sword USV has a locally-developed autonomous navigation system with an automatic collision avoidance system that allows it to be pre-programmed to conduct surveillance and reconnaissance missions while evading maritime obstacles.
The North America market is projected to contribute the largest share from 2022 to 2027
Unmanned surface vehicles Market by Region
To know about the assumptions considered for the study, download the pdf brochure
Emerging Industry Trends
Cross-platform operations
Cross-platform operations integrate drones functioning in aerial, marine, and land environments. These operations are of significant value for swarm missions. For instance, UUVs in a swarm can transfer information through slow acoustic waves to unmanned surface vehicles (USVs), which, in turn, can transfer signals through fast electromagnetic waves to ground operators. This enables quick communication.
Key Players
Major players in the Unmanned Surface Vehicles Companies include L3Harris Technologies (US), Saab AB (Sweden), Textron Inc. (US), ECA Group (France), Thales Group (France), Fugro (Netherlands), and Kongsberg Maritime (Norway). The report covers various industry trends and new technological innovations in the Unmanned surface vehicles market for the period, 2018-2027.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Report Metric |
Details |
Growth Rate |
11.1% |
Estimated Market Size in 2023 |
USD 800 Million |
Projected Market Size in 2027 |
USD 1,200 Million |
Market size available for years |
2018–2027 |
Base year considered |
2021 |
Forecast period |
2022-2027 |
Forecast units |
Value (USD Billion) |
Segments covered |
By Type, By Application, By System, By Hull Type, By Size, By Cruising Speed, By Endurance |
Geographies covered |
North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America |
Companies covered |
Kongsberg Maritime (Norway), Saab AB (Sweden), L3Harris Technologies (US), Textron Inc. (US), ECA Group (France), Thales Group (France), and Fugro (Netherlands) |
Unmanned surface vehicles Market Highlights
The study categorizes the unmanned surface vehicles market based on Application, Type, Size, System, and Region.
Segment |
Subsegment |
Based on Type, the has been segmented as follows: |
|
Based on Application, the has been segmented as follows: |
|
Based on System, the has been segmented as follows: |
|
Based on Size, has been segmented as follows: |
|
Based on Endurance, has been segmented as follows: |
|
Based on Hull Type, has been segmented as follows: |
|
Based on Cruising Speed, the has been segmented as follows: |
|
Based on the region, has been segmented as follows: |
|
Recent Developments
- Europe: In September 2022, Saab AB’s test platform for the development of autonomous functions, Enforcer III, which was converted from the Combat Boat 90, was tested in a joint trial by Saab AB and the Swedish Navy in the southern Baltic Sea.
- Middle East: In 2022, AD Ports Group and Geo-data specialist Fugro signed an agreement to utilize remote and autonomous technologies in the region.
Frequently Asked Questions (FAQ):
What are your views on the growth prospect of the Unmanned surface vehicles market?
Response: The Unmanned surface vehicles market is expected to grow substantially owing to the technological development in designing of the Unmanned surface vehicles based systems for several military & commercial applications.
What are the key sustainability strategies adopted by leading players operating in the Unmanned surface vehicles market?
Response: Key players have adopted various organic and inorganic strategies to strengthen their position in the Unmanned surface vehicles market. Major players including L3Harris Technologies (US), Saab AB (Sweden), Textron Inc. (US), ECA Group (France), Thales Group (France), Fugro (Netherlands), and Kongsberg Maritime (Norway) have adopted various strategies, such as contracts and agreements, to expand their presence in the market further.
What are the new emerging technologies and use cases disrupting the Unmanned surface vehicles market?
Response: Some of the major emerging technologies and use cases disrupting the market include the use of COTS components in satellite manufacturing.
Who are the key players and innovators in the ecosystem of the Unmanned surface vehicles market?
Response: Major players in the Unmanned surface vehicles market include L3Harris Technologies (US), Saab AB (Sweden), Textron Inc. (US), ECA Group (France), Thales Group (France), Fugro (Netherlands), and Kongsberg Maritime (Norway).
Which region is expected to hold the highest market share in the Unmanned surface vehicles market?
Response: Unmanned surface vehicles market in The North America region is estimated to account for the largest share of 32.6% of the market in 2022.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved four major activities in estimating the current size of the unmanned surface vehicles market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as SIPRI; corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from unmanned surface vehicles vendors; system integrators; component providers; distributors; and key opinion leaders.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using unmanned surface vehicles were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of unmanned surface vehicles and future outlook of their business which will affect the overall market.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the unmanned surface vehicles market. These methods were also used extensively to estimate the size of various segments and sub-segments of the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Global Unmanned Surface Vehicles Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the unmanned surface vehicles market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the unmanned surface vehicles market.
Advantages of ASVs and USVs: Efficiency, Safety, and Versatility
Autonomous surface vehicles (ASVs) and unmanned surface vessels (USVs) have the potential to revolutionize the unmanned surface vehicle market by providing more efficient, versatile, and cost-effective solutions for various applications. They can operate continuously without human intervention, which can increase efficiency and reduce costs associated with crew salaries and accommodations. ASVs and USVs can be designed with advanced sensors and software that can detect obstacles, avoid collisions, and detect potential security threats, improving safety and security for vessels, their crew, and cargo. Additionally, they can perform a wide range of tasks and be deployed in remote or hazardous environments, making them a versatile and flexible solution.
The emergence of ASVs and USVs could also mean increased competition with traditional surface vessels, which could have implications for the overall market. Despite this, the technology's continued advancement and acceptance are expected to lead to continued growth and innovation in the unmanned surface vehicle market. Overall, ASVs and USVs represent a significant change in the unmanned surface vehicle market, offering increased efficiency, safety, versatility, and cost-effectiveness for various applications.
Increased Demand: Versatility and Flexibility of ASVs and USVs Driving Growth in the Unmanned Surface Vehicle Market
Autonomous surface vehicles (ASVs) and unmanned surface vessels (USVs) are expected to have a positive growth impact on the current unmanned surface vehicle (USV) market. ASVs and USVs are likely to increase demand for unmanned surface vehicles across various applications due to their versatility and flexibility. This increased demand will drive growth in the unmanned surface vehicle market.
The cost-effectiveness of ASVs and USVs is expected to drive growth in the unmanned surface vehicle market. These vessels can operate continuously without the need for human intervention, which reduces crew salaries and accommodations. This makes them more cost-effective for businesses and organizations that rely on surface vessels for transportation, research, and other applications.
ASVs and USVs are likely to drive growth in the unmanned surface vehicle market by enabling technological advancements. The development and advancement of technology for ASVs and USVs are expected to lead to further innovation in the unmanned surface vehicle market. This will drive growth as businesses and organizations look to take advantage of the latest technology and capabilities of these vessels.
The improved safety and security offered by ASVs and USVs are likely to drive growth in the unmanned surface vehicle market. These vessels can be designed with advanced sensors and software that can detect obstacles, avoid collisions, and detect potential security threats. This can improve safety and security for vessels, their crew, and cargo. Overall, the positive growth impact of ASVs and USVs on the unmanned surface vehicle market is expected to be significant, and we can expect to see continued growth and innovation in this market as the technology continues to advance and gain acceptance.
Report Objectives
- To define, describe, and forecast the unmanned surface vehicles market by Application, Type, System, Hull Type, Size, Cruising Speed, Endurance, and region
- To analyze the demand- and supply-side indicators influencing the growth of the unmanned surface vehicles market
- To provide in-depth market intelligence regarding key market dynamics, such as drivers, restraints, opportunities, and industry-specific challenges, which influence the growth of the unmanned surface vehicles market
- To forecast the size of various segments of the unmanned surface vehicles market across five main regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World.
- To analyze micromarkets 1 with respect to individual growth trends, prospects, and their contribution to the unmanned surface vehicles market
- To analyze technological advancements and new product launches in the unmanned surface vehicles market
- To strategically profile key players in the unmanned surface vehicles market and comprehensively analyze their core competencies 2
- To identify products and key developments of leading companies operating in the unmanned surface vehicles market
- To provide a comprehensive analysis of business and corporate strategies adopted by key players operating in the unmanned surface vehicles market
- To provide a detailed competitive landscape of the unmanned surface vehicles market, along with market share ranking of leading players in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
Growth opportunities and latent adjacency in Unmanned Surface Vehicles Market
We are developing small USV and associated systems and we are searching for the global business volume figures for a study.
I'd like know only the data of the global market for monitoring water of the ocean. Thanks for your time.