Unmanned Surface Vehicles (USVs) Market

Unmanned Surface Vehicles (USVs) Market Size Survey Report – In a Glance

As per the survey report on global Unmanned Surface Vehicles (USVs) Market, the market is projected to foresee a CAGR of 5.8% between 2024-2033, and further generate a market size of USD 3.6 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 2.3 billion revenue.

• The global Unmanned Surface Vehicles (USVs) Market is projected to grow on account of increasing oil demand.
• In Japan, the increasing use of USVs in the military sector can be attributed to the growth in the Unmanned Surface Vehicles (USVs) Market.
• KDMI analyst’s growth analysis foresees unclear navigation rules to challenge the market growth.
• North America, having the highest market share in the Unmanned Surface Vehicles (USVs) Market, is projected to dominate the global market.

Unmanned Surface Vehicles (USVs) Market Analysis

Unmanned surface vehicles, ships or boats operate on the water surface without human or crew intervention. These are used in the exploration activities of oil & gas sectors and their rescue & search missions. The increasing oil & gas exploration activities due to increasing oil demand bodes well for the growth of the unmanned surface vehicles market. According to the Oil 2023 medium-term market report, depending on present government policies and market patterns, worldwide oil demand will grow by 6% by 2028 and reach the capacity of 105.7 billion barrels/day – assisted by strong demand from the aviation & petrochemical sectors. The worldwide upriver investment in oil & gas exploration, production & extraction is about to reach its highest degree since 2015, increasing 11% every year to USD 528 billion as of 2023. L3Harris Technologies, Textron Inc., and Rafael Advanced Defense Systems Ltd are significant players in the global Unmanned Surface Vehicles (USVs) market.

Analyst’s Observation on Japan Unmanned Surface Vehicles (USVs) Market Survey

Unmanned surface vehicles’ applications in the military sector allow powered seaborne targets & mine hunting and surveillance & reconnaissance, strike processes & area or sea denial. Japan is improving its maritime defence competencies with the employment of unmanned surface vehicles against the aggravating tensions in the East China Sea. The Japanese Maritime Self-Defense Force has ordered the incorporation of USVs into its fleet, and this strategic advancement is in straight response to China’s violent exercises around the Senkaku Islands, a group of unoccupied islands supervised by Japan but claimed by China. The alliance of Japan with JMU defence systems has manufactured a USV to challenge the JMSDF’s recent Mogami class frigate. The increasing application of USVs in the Japanese military sector predicts the growth of its market size. JMU and Mitsubishi Heavy Industries are significant players in the Japanese Unmanned Surface Vehicles (USVs) market.

Unmanned Surface Vehicles (USVs) Market Growth Driver & Market Restraint

Growth Driver

Increasing demand for water quality monitoring & ocean information mapping:

With the competence of both telemetry function and GPS–guided, the USV is apt to operate several tasks of vast environmental surveillance use on both river settings and static water while maintaining communication with the ground control station and server through wireless Wi-fi networks. As of June 2, 2022, the success of UNEP’s GEMS/Water program over its 50 years is attributed to the increasing use of unmanned surface vehicles. Increasing awareness of maintaining water cleanliness has led to the events such as water quality monitoring. There has positive development between the years 2015 & 2025 as the proportion of the world’s population with access to securely handled drinking water increased from 69% to 73%. The present information on indicator 6.3.2 is that several water bodies around the globe are still in better condition. The increasing demand for monitoring water quality and ocean topography predicts the growth of the unmanned surface vehicle market size.

Market Restraint

Unclear rules of navigation:

The navigation rules of USVs emphasis on several segments of maritime navigation, such as multi – ship functions for collision avoidance. The established three rules of navigation do not clearly explain ranges & angles. There is a requirement for human experience & insight to fill such gaps.

Unmanned Surface Vehicles (USVs) Market Segmentation

Our experts at KD Market Insights have segmented the global Unmanned Surface Vehicles (USVs) Market research report as:

Unmanned Surface Vehicles (USVs) Market Regional Synopsis

North America is expected to dominate the unmanned surface vehicles market due to being home to key manufacturers. Further, increased spending or investment in the defence sector by the United States. The Navy’s proposed FY2025 budget requests USD 54 billion in R&D funding for the LUSV program, a funding of USD 101.8 billion for the MUSV program and USD 92.9 billion in R&D funding for LUSV/MUSV allowing capacities, USD 21.5 billion in R&D for the XLUUV program and USD 68.2 billion in extra R&D funding for core technologies for UUVs including but not restricted to XLUUV. Moreover, the United States is considered to be the leader in technology & innovation, and this happens to be one of the significant growth drivers of the North American unmanned surface vehicle market. The United States remains the world’s epicentre for troublesome innovation because of its exceptional research substructure and low fences to start-ups and entrepreneurs. The United States remains the world leader in high-tech manufacturing.

Asia Pacific is the fastest-growing region due to the expansion in the defense budget of areas such as India and China. Real military equipment investment in China expanded at 9.7%/annum compared to total military of 5.6% per annum. The 2024 defense budget of China reached USD 236 billion compared to an assessed USD 298 billion by all other regions in Asia. Military expenditure in India increased to USD 83574 as of 2023 from USD 79976 as of 2022. Further, the investment by China in autonomous shipping is another growth driver of unmanned surface vehicles market in the Asia Pacific region. China is set to be the leader in autonomous shipping as of 2025 and the market for autonomous shipping market is already worth USD 1.5 billion in 2025.

Unmanned Surface Vehicles (USVs) Market Competitive Landscape

Some of the key players who top the global Unmanned Surface Vehicles (USVs) Market share:

• L3Harris Technologies, Inc
• Textron Systems Corporation.
• Rafael Advanced Defense Systems Ltd.
• ECA Group
• Elbit Systems
• Searobotics
• SAAB AB
• Kongsberg Maritime
• Thales Group
• Huntington Ingalls Industries

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Unmanned surface vehicles Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Application
      2. By Size
      3. By Propulsion Type
      4. By Region
5. Market Segmentation by Application
   1. Military & Defense,
   2. Commercial
   3. Scientific Research
   4. Others
6. Market Segmentation by Size
   1. Military & Defense
   2. Commercial
   3. Scientific Research
   4. Other
7. Market Segmentation by Propulsion
   1. Electric
   2. Diesel
   3. Hybrid
   4. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Size and Propulsion Type   
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Application, Type and Propulsion Type    
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Application, Type and Propulsion Type    
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. L3Harris Technologies
      2. Textron Inc.
      3. Rafael Advanced Defense Systems Ltd.
      4. ECA Group
      5. Elbit Systems
      6. Searobotics
      7. SAAB AB
      8. Kongsberg Maritime
      9. Thales Group
      10. Huntington Ingalls Industries
      11. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References