Unmanned Surface Vehicles Market Size, Share, USV Industry, 2024-2032

In 2023, the global Unmanned Surface Vehicle Market was valued at USD 2.16 billion and is projected to grow to USD 3.29 billion by 2032, with an estimated USD 2.27 billion in 2024. The market is expected to expand at a compound annual growth rate (CAGR) of 4.7% during the forecast period. North America led the USV market in 2023, holding a dominant market share of 37.5%.

The Unmanned Surface Vehicle (USV) market is experiencing steady growth, driven by increasing demand for autonomous maritime operations across defense, commercial, and scientific sectors. These vehicles are used for a variety of applications such as surveillance, data collection, oceanography, and naval defense missions, offering cost-effective and efficient solutions. Technological advancements in autonomy, sensors, and propulsion systems have enhanced USV capabilities, allowing for longer mission durations and improved operational flexibility. The market is expected to see continued growth as global security concerns rise and investments in maritime technologies increase, particularly in regions like North America, which held the largest market share in 2023. Environmental monitoring and offshore oil and gas exploration are also key sectors contributing to the expanding use of USVs, with regional defense budgets and technological innovation driving demand.
Fortune Business Insights™ mentioned this in a report titled "USV Market Size, Share and Forecast 2024-2032."

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/sample/unmanned-surface-vehicle-usv-s-market-102526

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐒𝐮𝐫𝐟𝐚𝐜𝐞 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
‣ Kongsberg Maritime (Norway)
‣ SaaB AB (Sweden)
‣ L3 Harris Technologies (U.S.)
‣ Textron Inc (U.S.)
‣ ECA Group (France)
‣ Thales Group (France)
‣ Fugro (Netherlands)
‣ Atlas Elektronik GmbH (Germany)
‣ ASV (U.K.)
‣ Elbit Systems (Israel)
‣ Rafael Advanced Defense Systems Ltd. (Israel)
‣ 5G international (U.S.)
‣ Liquid Robotics (U.S.)
‣ Teledyne Technologies (U.S.)

𝐑𝐮𝐬𝐬𝐢𝐚-𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐖𝐚𝐫 𝐈𝐦𝐩𝐚𝐜𝐭:
𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐒𝐮𝐫𝐟𝐚𝐜𝐞 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐑𝐮𝐬𝐬𝐢𝐚-𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐖𝐚𝐫

Russia's war against Ukraine was mostly a ground-and-air battle, with armed drones and missiles becoming increasingly common in modern warfare. The Black Sea was especially important in the maritime region. The overwhelming naval power of the Russian Navy is mainly due to Russia's failure to stop maritime intelligence against Ukraine, and Russia's political maneuvering in the strategically important Bosphorus chokepoint, which increased the need for USVs during the Russia-Ukraine War.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:
𝐒𝐦𝐚𝐥𝐥 𝐔𝐒𝐕𝐬 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐒𝐮𝐫𝐯𝐞𝐲 𝐓𝐢𝐦𝐞 𝐨𝐧 𝐒𝐢𝐭𝐞
On the basis of size, the unmanned surface vehicle market is segmented into small USV, medium USV, large USV, and extra-large USV. The small USV segment dominated the Unmanned Surface Vehicle (USV) market share in 2022. As a 'force multiplier', small USVs can be used with traditional survey vessels to double the survey coverage and reduce survey time, augmenting the market growth.

𝐏𝐨𝐰𝐞𝐫 & 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐋𝐞𝐝 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐖𝐢𝐝𝐞𝐫 𝐑𝐞𝐩𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐇𝐮𝐦𝐚𝐧 𝐈𝐧𝐭𝐞𝐫𝐟𝐚𝐜𝐞 𝐄𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐰𝐢𝐭𝐡 𝐑𝐞𝐦𝐨𝐭𝐞 𝐇𝐮𝐦𝐚𝐧 𝐈𝐧𝐭𝐞𝐫𝐟𝐚𝐜𝐞
Based on component, the market is classified into power and propulsion systems, communication systems, sensors & optronics, hull, inertial navigation & positioning system, ISR & imaging systems, and weapon payloads. Power & propulsion systems to dominate the market share and will be the fastest growing segment during the forecast period. In unmanned surface vehicles, the builder must replace the human interface elements with remote human interface. Further, developing remote-control capabilities for the propulsion systems requires interaction with their proprietary and closed internal communications.

𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐬𝐭 𝐚𝐧𝐝 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐑𝐞𝐦𝐨𝐭𝐞𝐥𝐲 𝐎𝐩𝐞𝐫𝐚𝐭𝐞𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭
According to mode of operation, the market is bifurcated into remotely operated and autonomous. The remotely operated segment led the USV Market share in 2022. Companies are looking to take advantage of remote operations and Unmanned Vessel (UV) solutions to enhance performance and reduce operational costs and risks across a wide range of onshore & offshore wind farm development and sub-sea operations.

𝐒𝐡𝐨𝐫𝐭 (𝐔𝐩𝐭𝐨 𝟏𝟎𝟎 𝐇𝐨𝐮𝐫𝐬) 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐝𝐮𝐞 𝐭𝐨 𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞 𝐌𝐚𝐩𝐩𝐢𝐧𝐠
On the basis of endurance, the market is segmented into short (upto 100 hours), medium (100 - 500 hours), long (500 - 1000 hours), and extra-long (above 1000 hours). The short (upto 100 hours) dominated the market share in 2022, owing to rise in demand for short-endurance USVs for environmental & meteorological monitoring.

𝐊𝐚𝐲𝐚𝐤 (𝐒𝐢𝐧𝐠𝐥𝐞 𝐇𝐮𝐥𝐥) 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐌𝐚𝐫𝐢𝐧𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬
As per hull type, the unmanned surface vehicle market is divided into kayak (single hull), catamaran (twin hull), trimaran (triple hull), and rigid inflatable hull. The kayak (single hull) segment to lead the USV Market with the fastest CAGR during the projected period. The segment is anticipated to grow due to increasing marine exploration activities during the forecast period.

𝐇𝐲𝐝𝐫𝐨𝐠𝐫𝐚𝐩𝐡𝐲 & 𝐎𝐜𝐞𝐚𝐧𝐨𝐠𝐫𝐚𝐩𝐡𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐔𝐒𝐕𝐬
Based on application, the market is segmented into intelligence, surveillance, and reconnaissance, naval & homeland security, anti-submarine warfare, hydrography & oceanography, environmental & meteorological monitoring, natural resource mapping & exploration, and others. The hydrography & oceanography segment dominated the market in 2022 due to their popularity, where USVs are mainly used.
Geographically, the unmanned surface vehicle market is divided into regions such as North America, Europe, Asia Pacific, and the Rest of the World.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/unmanned-surface-vehicle-usv-s-market-102526

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the USV Market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐔𝐒𝐕𝐬 𝐟𝐨𝐫 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐌𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐭𝐨 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
In the unmanned surface vehicle market, Surface-to-Air Missile (SAM) has revolutionized the way naval operations are conducted in recent years. SAM has enhanced from being tools to carry out a wide range of missions to systems that operate with a high degree of autonomy. Additionally, most countries engage in asymmetric warfare due to different strategies developed by different defense departments.
Endurance of USVs and limited range hamper operational effectiveness, restricting the USV Market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬
North America is anticipated to dominate the USV market share owing to the rise in the Navy's defense budget, ultimately increasing the demand for vehicles in the U.S. Increased export and economic development are anticipated to propel the growth of the market.
Europe is expected to rise owing to increasing demand for exploration activities, marine activities, and increased oil and gas production during the projected period.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/unmanned-surface-vehicle-usv-s-market-102526

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
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https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

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This release was published on openPR.