Global Unmanned Surface Vehicles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Unmanned Surface Vehicles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Unmanned surface vehicles are unmanned surface vehicles, mainly used to perform dangerous and tasks that are unsuitable for manned vehicles. Once equipped with advanced control systems, sensor systems, communication systems and weapon systems, they can perform a variety of warfare and non-war military mission.

Market Overview:

The latest research study on the global Unmanned Surface Vehicles market finds that the global Unmanned Surface Vehicles market reached a value of USD 887.19 million in 2022. It’s expected that the market will achieve USD 2701.57 million by 2028, exhibiting a CAGR of 20.39% during the forecast period.

At the beginning of an outbreak, work is usually delayed and the normal production of the company is affected. For companies in areas where the epidemic is relatively mild and can start operations normally, even if they start operations at normal times, they will face insufficient supply of raw materials, resulting in lower than normal capacity utilization. The spread of epidemics caused by transportation will affect normal cargo transportation. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. In many countries, there are many cases of transmission in long-distance buses, trains, airplanes and other transportation vehicles. Therefore, there is a risk of virus spread due to long-distance transportation. Therefore, the supply side is under great pressure.

In addition, although half a year has passed since the Covid-19 outbreak, the number of confirmed cases is still increasing. It has now exceeded 18,000, and there is no clear turning point. Many countries have restarted their economies under the pressure of the economic downturn. Considering the highly contagious nature of COVID-19, COVID-19 may break out for the second time at the end of this year. If it breaks out for the second time, the epidemic will increase corporate financial risks, or trigger corresponding default risks, financial risks, etc. Therefore, we expect that the industry may experience negative growth this year.

Increasing downstream demand

The global demand for USV is increasing. As the development of resources on land becomes increasingly saturated, more and more countries and institutions have turned their attention to the development of marine resources. USV as an important platform for marine strategic development has been rapidly developed. First of all, it has a wide range of fields of action, from combat tasks such as anti-submarine, mine clearance, surface warfare, and long-distance patrols in the military field, to resource exploration, channel mapping, water quality monitoring, and river pipeline inspection in the civilian field, fully demonstrating its importance. Secondly, because there is no need to carry a surveyor, the use of USV greatly saves labor and fuel costs and staff expenses, and improves safety when measuring dangerous areas and complex routes, and reduces the probability of workers encountering danger. Finally, the hull design and propeller system of the unmanned surface ship enable it to sail at a high altitude according to the planned route to generate accurate data reports to better help the accuracy of the final research results.

Risk of key personnel loss

Key technical personnel are the key to the company's survival and development, and the basis for the company's continued competitive advantage. With the increasing demand for professional and technical personnel in the industry, the competition for talents has intensified. If the company cannot provide a better development platform, more competitive salary and good R&D conditions, there is still a risk of losing key technical personnel. If the company fails to continuously introduce and inspire top technical and technical personnel, and increase talent training, the company will face the risk of insufficient technical personnel, which may lead to backwardness in technological breakthroughs.

Region Overview:

In 2022, the share of the Unmanned Surface Vehicles market in North America stood at 40.89%.

Company Overview:

Rafael is one of the major players operating in the Unmanned Surface Vehicles market, holding a share of 3.64% in 2020.

Rafael

Raphael Advanced Defense Systems Co., Ltd. designs, develops, manufactures and provides various defense systems for air, land, sea and space applications. The company produces missiles, armors, combat vehicles, weapons and air defense systems, military electronics, and other defense products. Rafael serves the aerospace and defense industries around the world.

Textron

Textron Corporation is an American industrial group located in Providence, Rhode Island. Textron’s subsidiaries include Arctic Cat, Vertexron, Textron Aviation (which itself includes the Beechcraft, Hawker and Cessna brands) and Lycoming Engines. Textron's Textron Systems Business is responsible for the development and integration of multi-domain products, services and support for customer needs, including USV.

Segmentation Overview:

By type, Propeller Driven segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Military Use segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Unmanned Surface Vehicles market covered in Chapter 3:

Rafael
Liquid Robotics
L3Harris
CSIC
Marine Advanced Research
Unmanned Survey Solutions (USS)
Ocius Technology
ASV Global
SimpleUnmanned, LLC
Universal Secure Applications, LLC
Saildrone
Ocean Alpha
Marine Tech (RSV)
Textron
Subsea Tech
Al Marakeb

In Chapter 4 and Chapter 14.2, on the basis of types, the Unmanned Surface Vehicles market from 2018 to 2029 is primarily split into:

Wave-Powered
Propeller Driven

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Unmanned Surface Vehicles market from 2018 to 2029 covers:

Oceanographic Research
Marine Environmental Protection
Rescue Drowner
Military Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)