According to a new market research report published by Credence Research “Unmanned Surface Vehicles (USVs) Market – Growth, Future Prospects, and Competitive Landscape, 2019-2027”, the unmanned surface vehicles (USVs) market estimated to grow with a CAGR of 11.69% during the forecast period from 2019 to 2027 and registered market value of US$ 1.82 Bn in 2018.
By Mode of Operation:
- Scientific Research,
- Oil & Gas,
- Renewable Energy,
- Off-shore Survey,
- Commercial, and Others (Search & Rescue, Debris Removal, etc.)
Full Report Available @ http://bit.ly/2HFIjml
Autonomous drones and aerial vehicles are a common sight and are used across multiple end-use applications. However, the rapid growth is not limited to aerial unmanned aerial vehicles and land drones alone, but the growth of unmanned surface vehicles is also gaining momentum. Unmanned surface vehicles (USVs) are widely used for ocean data, scientific research, mapping, commercial and maritime safety. Consistent growth in all the above-mentioned applications has certainly driven demand for unmanned surface vehicles, and demand is expected to increase further with brisk pace in the coming years. In addition, USVs witnessed rapid growth in their significance in the military and defense applications.
These vehicles provide unmatched surveillance towards the maritime borders and often used for preventive actions in case of emergency. Rapid adoption of such autonomous vehicles in military and defense application has certainly encouraged the growth of USVs market.
In 2017, North America appeared as the global leader in unmanned surface vehicles (USVs) market. The region is one of the biggest defense & military spender owing to the presence of the United States and rapid proliferation of autonomous vehicles across all battlefronts generated a positive wave of growth for USVs. In terms of market growth, Asia Pacific is expected to show fastest growth in adoption of autonomous vehicles and consequently unmanned Surface Vehicles Market.
The research analysis covers exhaustive analysis of leading unmanned surface vehicles (USVs) vendors 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.,
The USVs market is still in nascent stages of development with few companies leading the way in the market. However, the market holds tremendous potential for new companies trying to venture in the unmanned surface vehicles market. Consequently, the market is expected to become more fragmented in coming years. Furthermore, these companies also expected to lock horns in terms of technological advancements and new improved version of unmanned surface vehicles are anticipated to appear in the market in next few years.
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