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Global Military Unmanned Surface Vehicle (USV) Market Outlook 2028

  • ID: 5136568
  • Report
  • August 2020
  • Region: Global
  • Research Nester Pvt. Ltd
UP TO OFF
until Jan 31st 2021

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FEATURED COMPANIES

  • 5G International Inc.
  • Atlas Elektronik
  • ECA Group
  • Elbit Systems Ltd.
  • L3 ASV
  • Liquid Robotics
  • MORE

Ongoing Research Report

In the News

June 2020: Oman has established an innovation center built around the World Glider, a small, solar-powered autonomous sea-going vessel mainly used for research developed by Liquid Robotics, a subsidiary of The Boeing Company.

Introduction to Product

Unmanned surface vehicles (USVs) are the vehicles that are operated remotely on or below the water surface without any human interface and entanglement. USVs are being highly adopted for use in several end use applications. These vehicles are known to be more valuable in oceanology on account oftheir enhanced flexible features and characteristics and low cost than the weather ships and other research vessels. Their primary mission involves non-lethal assignments, such as intelligence, surveillance, and reconnaissance (ISR), and mine countermeasures (MCM). Small vehicles, such as small USVs and gliders are better suited to single type missions such as surveys and ISR missions. Theyare extensively used for a wide range of military and commercial operations.

Market Size and Forecast

The military unmanned surface vehicles(USVs) is thriving on the back of the increasing research in oceanography and hydrography field, which is raising the need amongst the researchers to deploy USVs. Oceanography deals with the study of the physical and biological aspects of the ocean. The growing need amongst the researchers for monitoring water quality and further analyze anti-submarine warfare is anticipated to play an important role inthe deployment of military unmanned surface vehicles. On the other hand, the evolution, and advancements in the USVs technology are resulting in the increasing applications of USVs in various operations, which is expected to drive the military unmanned surface vehicle market in the coming years.

The military unmanned surface vehicle market is anticipated to record a significant CAGR over the forecast period i.e. 2020-2028. The market is segmented by type, system, and application. Among these segments, the application segment is further segmented into defense and commercial, out of whichthe defense segment is anticipated to hold the largest share owing to the increasing importance from navies across the world, backed by the need to perform several underlying purposes with the help of the USVs, including surveillance, reconnaissance, mine countermeasures, and anti-submarine activities among others.Moreover, the increasing expenditure by the government of nations worldwide for purchasing military equipment is also anticipated to drive the growth of the segment during the forecast period. According to The World Bank, military expenditure around the world increased from USD 1.631 trillion in the year 2016 to USD 1.782 trillion in the year 2018.

Growth Drivers

Increasing Research in the Sectors of Oceanography And Hydrography

Researchers in the sectors of oceanography and hydrography are increasingly monitoring conditions for further knowledge on the subject. Backed by the increasing support from several governmental institutions and increasing funding for research in the sector, researchers are planning to deploy advanced equipment, such as unmanned surface vehicles, that can help them in the process of their research. For instance, the Nippon Foundation recently announced a campaign called Seabed 2030, which aims to create a General Bathymetric Chart of the Oceans (GEBCO). Similarly, several other firms are increasingly deploying autonomous vessels to aid them in their research. Such a factor is anticipated to drive the growth of the global military unmanned surface vehicle market.

By Region

Based on regions, the military unmanned surface vehicle market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North-America is expected to hold the leading shares in the military unmanned surface vehicle market over the forecast period owing to an increase in investments in the naval sector by the government entities to maintain the safety and security across the waters, mammoth budget, and higher extensive research of oceanography and hydrography.The market in Europe is predicted to hold the second-largest share in the market on account of rising technological advancements in the region.

The military unmanned surface vehicle market is further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Please note this is an ongoing research and will be delivered 8-9 working days after order confirmation. The TOC can be also be requested.
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Note: Product cover images may vary from those shown
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