The global unmanned surface vehicle (USV) market is estimated to grow at a CAGR of nearly 14.0% during the forecast period. Some key factors encouraging the market growth include rising defense contracts for unmanned surface vehicles, significant rise the demand for maritime security, and increasing investment in the oil and gas industry. As more than 80% of the global trade is conducted by sea, there is a significant chance of maritime crime. Therefore, the government is extensively focusing on maritime security to strengthen global peace, governance, and security, and promote global prosperity. In UK, Foreign & Commonwealth Office (FCO) aims to reinforce maritime security program which is invested by Official Development Assistance (ODA) and non-ODA funds.
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A secure and stable maritime domain is crucial for the global economy. Maritime security relies on global co-operation to enforce and set proper standards of action and shared norms, consistent with international law. Maritime crime poses a severe threat to regional stability, international trade, and safety of seafarers. For the financial year 2019 to 2020, ODA offered nearly $1,218,724 to strengthen maritime security programme. In the US, $214 million budget is requested for the Maritime Security Program (MSP) in 2019. This, in turn, leads the demand for unmanned surface vehicles to protect the maritime operations.
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The growing interest of USVs in maritime operations are well suited to perform a broad range of missions, including intelligence surveillance and reconnaissance (ISR)), mine countermeasures (MCM), and anti-submarine warfare (ASW). These are deployed from a range of host platforms and can be operated without onboard human operators. Thales, in collaboration with L3Harris Technologies, has demonstrated the increasing capability of USV to encourage maritime security operations with the French Navy and Royal Navy. This partnership was started in 2012 to design, build, and commission Halcyon USV which aims to counter maritime threat safely and quickly. Increasing global trade and defense spending has significantly led the demand for unmanned surface vehicles for maritime security and force protection operations, which in turn, is supporting to drive the market growth.
Market Segmentation
Global Unmanned Surface Vehicle (USV) Market by Application
• Defense
• Commercial
Global Unmanned Surface Vehicle (USV) Market by Size
• Small
• Medium
• Large
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• 5G International Inc.
• Austal Ltd.
• BAE Systems plc
• Clearpath Robotics Inc.
• Deep Ocean Engineering, Inc.
• ECA Group (Groupe Gorgé Co.)
• Elbit Systems Ltd.
• Gibbs & Cox, Inc.
• L3Harris Technologies, Inc.
• Liquid Robotics, Inc. (Boeing Co.)
• Marine Advanced Research Inc.
• Maritime Tactical Systems (MARTAC), Inc.
• Ocean Aero
• Ocius Technologies
• QinetiQ Group
• Rafael Advanced Defense Systems Ltd.
• SeaRobotics Corp.
• Teledyne Technologies Inc.
• Textron Systems Corp.
• thyssenkrupp AG
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