Unmanned Surface Vehicle Market

L3Harris Technologies (UK) and Teledyne Technologies (US) are leading players in Unmanned Surface Vehicle Market

The unmanned surface vehicle market is projected to grow from USD 616 million in 2021 to USD 1,038 million by 2026, at a CAGR of 11.0% from 2021 to 2026. The rising incidences of terrorism, cross-border dispute, and conflict across the globe have increased the need for enhanced border and maritime security. As such, countries across the globe are increasingly adopting unmanned systems for improved border and maritime patrolling, thus leading to the growth in demand for unmanned surface vehicles. The defense applications of these vehicles include mine countermeasures, anti-submarine warfare, and naval warfare. In the commercial sector, unmanned surface vehicles equipped with various sensor payloads are used for oceanographic research and data mapping. They are used to evaluate the quality, temperature, salinity, and pH value of water, among others.

L3Harris Technologies (UK), Textron Inc. (US), Rafael Advanced Defense Systems Ltd. (Israel), ECA Group (France), Teledyne Technologies (US), and Elbit Systems (Israel) are some of the key players operating in the unmanned surface vehicle market. Major focus was given to the development of new products due to the changing requirements of defense authorities across the world. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development activities further to expand their presence in the Unmanned surface vehicles market.

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Raytheon technology is an America based conglomerate of multinational aerospace and defense service providing companies. It research, manufactures and develops technology products in the field of aerospace and defense. The company’s business segments include Collins Aerospace, Pratt Whitney, Raytheon Intelligence and Space, and Raytheon Missiles & Defense. Raytheon Company offers solutions for the enhanced detection of buried threats. The company offers GroundEye system and AN/AQS-20 is capable of real-time detection of concealed threats. This technology can be integrated with military vehicles for

L3Harris Technologies, Inc. is one of the leading manufacturers and suppliers of unmanned surface vehicle ASV Global is a private SME (small and medium-sized enterprise) acquired by L3 Technologies in September 2018. Known post the acquisition as L3 ASV, the company offers unmanned and autonomous marine systems and services. It specializes in Autonomous Surface Vehicles (ASVs) and products for military, offshore energy, security, and scientific applications. The company is headquartered in the UK and has its operations and facilities spread in the UK, the US, and Brazil

Teledyne Technologies designs and manufactures technologies for various industries, such as oil & gas, marine engineering, and instrumentation. In 2014, the company acquired SeaBotix (US), one of the leading suppliers of miniature remotely operated vehicles (Mini ROVs), and Oceanscience (US), a producer of remotely operated and tethered marine surface vehicles. Apart from the US, the company has its presence predominantly in Canada and the UK. Some of its key subsidiaries are Teledyne Controls, Teledyne DALSA, Teledyne ISCO, and Teledyne Turbine Engines

Related Reports:

Unmanned Surface Vehicle Market by Type (Remotely Operated, Autonomous), System (Propulsion, Payload, Component, Software, Chassis Material, Communication), Application, Hull Type, Endurance, Size, Cruising Speed, and Region - Global Forecast to 2026

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Report Code
AS 4110
RI Published ON
12/6/2021
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