Defense Application, Mine Countermeasure Segment Projected To Lead Unmanned Surface Vehicle Market from 2021 To 2026

The report provides an analysis of the Unmanned surface vehicles market from 2021 to 2026. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The global Unmanned surface vehicles market is projected to grow from USD 616 million in 2021 to USD 1,038 million by 2026, at a CAGR of 11.0% in terms of value during the forecasted period of 2021 to 2026. The unmanned surface vehicle market in the North America, Latin America, Middle and Asia Pacific regions is expected to witness substantial growth during the forecast period due to the growing emphasis on modernizing existing defense capabilities and use of autonomous vessels for commercial application.

Based on Application, the defense segment is projected to grow at the highest CAGR during the forecast period. Countries such as the US, Canada, France, and China are increasingly adopting USVs for defense applications; this is driving the growth of the USV market.

L3Harris Technologies (UK), Textron Inc. (US), Rafael Advanced Defense Systems Ltd. (Israel), ECA Group (France), Teledyne Technologies (US), and Elbit Systems (Israel) are some of the key players operating in the unmanned surface vehicle market.

Based on size, the small (<3 meters) segment is projected to register the highest CAGR during the forecast period. Very small USVs (VSUSVs), small USVs (SUSVs), and gliders are better suited for single-type missions, such as hydrographic surveys and ISR missions. Since the adoption of USVs for ISR missions is expected to grow significantly, the demand for small USVs will also remain high.

Request For Custom Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=220162588

By defense application, the ISR segment is projected to register the highest CAGR from 2021 to 2026, The urgency of ISR missions is high as compared to any other defense mission. The suitability of USVs to carry out these ISR missions in the ocean will drive the growth of the ISR defense application segment in the unmanned surface vehicle market.

The North American region is estimated to lead the Unmanned surface vehicles market in the forecast period. The growth of the North America Unmanned surface vehicles market is primarily driven by increasing focus on increasing investments in Unmanned surface vehicles technologies by countries in this region. In addition, factors including increasing geopolitical tensions and increased defense-related expenditure are expected to drive the demand for Unmanned surface vehicles market in the region.

L3Harris Technologies, Inc. is one of the leading manufacturers and suppliers of unmanned surface vehicle ASV Global is a private SME (small and medium-sized enterprise) acquired by L3 Technologies in September 2018. Known post the acquisition as L3 ASV, the company offers unmanned and autonomous marine systems and services. It specializes in Autonomous Surface Vehicles (ASVs) and products for military, offshore energy, security, and scientific applications. The company is headquartered in the UK and has its operations and facilities spread in the UK, the US, and Brazil

Teledyne Technologies designs and manufactures technologies for various industries, such as oil & gas, marine engineering, and instrumentation. In 2014, the company acquired SeaBotix (US), one of the leading suppliers of miniature remotely operated vehicles (Mini ROVs), and Oceanscience (US), a producer of remotely operated and tethered marine surface vehicles. Apart from the US, the company has its presence predominantly in Canada and the UK. Some of its key subsidiaries are Teledyne Controls, Teledyne DALSA, Teledyne ISCO, and Teledyne Turbine Engines

Get Sample Insights:  https://www.marketsandmarkets.com/requestsampleNew.asp?id=220162588

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Comments

Post a Comment

Popular posts from this blog

Hydrographic Survey Equipment Market Is Swelling At A CAGR of 5.39% From 2017 To 2022

Image
The Contracts are the key strategy adopted by industry players to grow in the hydrographic survey equipment market. The core competencies of these market players include their widespread geographical presence and increased investments in R&D. The global hydrographic survey equipment market is projected to grow from USD 2.07 Billion in 2016 to USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022 during the forecast period. Growth in this market can be attributed to the rise in maritime trade, increased use of UUVs and USVs to conduct hydrographic and oil & gas surveys. The unmanned vehicles segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the forecast period. Based on type, the unmanned vehicles segment is estimated to account for the largest share in the hydrographic survey equipment market in 2017 and is projected to grow at the highest CAGR during the fo...
Read more

Aircraft filters market is projected to growing at a CAGR of 4.0% from 2021 to 2026

Image
The global Aircraft Filters Market size is projected to grow from USD 823 million in 2021 to USD 1,002 million by 2026, at a CAGR of 4.0% from 2021 to 2026. The market is driven by various factors, such as increase in aircraft renewals and aircraft deliveries. The hydraulic system segment is expected to be the largest market by value. Hydraulic fluids play a crucial role in aircraft systems for lubrication, creating an energy transmission channel as well as providing a means for heat transfer. Most hydraulic system failures are caused due to contamination within the systems. These systems cannot perform if any of their functions are compromised. Contamination can lead to losses by way of high maintenance costs, increased downtime, and high replacement costs. The purpose of hydraulic filters is twofold: to keep the oil clean and to reduce on-going maintenance costs. Hydraulic filters will always play a crucial role in aircraft and aircraft systems since they are required in all funct...
Read more

Port Equipment Market Technological Advancements, Product Benchmarking & Regional Outlook 2025

Image
The global port equipment market is estimated at USD 29.2 billion in 2018 and is projected to reach USD 36.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.30% from 2018 to 2025. Factors such as the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East are expected to fuel the growth of the port equipment market. Based on equipment type, the straddle carriers segment is estimated to lead the port equipment market during the forecast period. These are used for lifting and lowering containers, both vertically and horizontally. Straddle carriers are used in container handling have lifting capacities ranging from 40 to 60 tons. As per the industry experts, the demand for straddles is mostly generated from port terminals in Germany, the Netherlands, and the UK. Equipment manufacturers are focused on offering hybrid straddle carriers for port terminals owing to the growing requirement of advanced cargo ha...
Read more