HOME Research Insight New Product Launches and Partnerships are Among the Key Strategies Adopted by Leading Market Players to Increase their Growth in the Global Unmanned Surface Vehicle Market



New Product Launches and Partnerships are Among the Key Strategies Adopted by Leading Market Players to Increase their Growth in the Global Unmanned Surface Vehicle Market


Unmanned surface vehicle (USV) is a mechanized equipment that operates on the water surface without human intervention. Several parameters such as application-specific objectives, hostile environments, technological challenges, mode of operation, and type of control, among others are used to provide a comprehensive description to the USVs. The USV market is estimated to be USD 470.1 Million in 2017, and is projected to reach USD 938.5 Million by 2022, at a CAGR of 14.83% from 2017 to 2022.

New product launches and partnerships are among the major strategies adopted by the leading market players to strengthen and sustain their position in the unmanned surface vehicle market. In January 2017, Textron systems unveiled the fourth-generation Common Unmanned Surface Vehicle (CUSV) and began on-water testing of the USV in accordance with the Unmanned Influence Sweep System (UISS) program of the U.S. Navy. In April 2016, Liquid Robotics entered into a channel partnership with Ingenieros Electrónicos Asociados (IEA) to supply unmanned systems in Argentina and Uruguay.

Key players in the global unmanned surface vehicle market include ASV Unmanned Marine Systems (U.K.), Teledyne Technologies, Inc. (U.S.) and Textron Inc. (U.S.), Atlas Elektronik Gmbh (Germany) and ECA Group (France). ASV Unmanned Marine Systems (U.K.), and Teledyne Technologies, Inc. (U.S.).

ASV Unmanned Marine Systems (U.K.) is a major player in the unmanned surface vehicle market and has supplied more than 70 Unmanned and Autonomous Marine Systems across 10 countries. In January 2016, ASV Unmanned Marine Systems (U.K.) partnered with Thales (France) to develop USV technology for security, military, civil and maritime domains.

Teledyne Technologies, Inc. (U.S.) is also among the major players of this market. In August 2016, Teledyne Oceanscience (a subsidiary of Teledyne Technologies, Inc.) delivered a custom Z-Boat 1800-RP to The University of Washington Tacoma. This version of Z-Boat 1800-RP was equipped with an Ekinox-D, non-ITAR, inertial navigation system (INS). The Ekinox-D is an all-in-one inertial system designed for Hydrographic surveys.

In July 2015, Textron Inc. (U.S.) got an extension worth USD 11 million to supply engineering services for the Unmanned Influence Sweep System (UISS) program. The UISS is an unmanned surface vessel (USV) with acoustic and magnetic minesweeping capabilities that would be part of the U.S. Navy’s Littoral Combat Ship (LCS) mine warfare module.

Related Reports:

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

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