Military Unmanned Surface Vehicle (USV) Market

Segmentation By Type (Remotely Operated Surface Vehicle and Autonomous Surface Vehicle); By System (Propulsion, Communication, Payload, Chassis, Material, Component and Software) and By Application (Defense and Commercial) – Global Demand Analysis & Opportunity Outlook 2028

Buy Now
Report ID: 2650 | Published On: Feb 16, 2023
Request Free Sample Copy

Market Segmentation

Our in-depth analysis of the military unmanned surface vehicle market includes the following segments:

By Type

  • Remotely Operated Surface Vehicle
  • Autonomous Surface Vehicle

By System

  • Propulsion
  • Communication
  • Payload
  • Chassis
  • Material
  • Component
  • Software

By Application

  • Defense
  • Commercial

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

Get more information on this report: Request Sample PDF

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. CLICK TO DOWNLOAD SAMPLE REPORT

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.

Augmentation Of The Capabilities in the Military Sector

Many countries are striving in enhancing their military capabilities, and upgrading to highly advanced, reliable, and trustable unmanned surface vehicles for area detection and modern warfare. Backed by the  increasing expenditure of the government of nations on military equipment and the need for advanced equipment in the military, such factors are anticipated to drive the growth of the global military unmanned surface vehicle market in the coming years.


Existence of Alternatives

Availability of low cost unmanned underwater vehicle (UUV) and remotely operated vehicles are expected to restrain the growth of military unmanned surface vehicles over the forecast period.

High Installation and Maintenance Cost

High installation and maintenance costs associate with unmanned surface vehicles are predicted to hamper the growth of the market. USVs require continuous maintenance and repair after a certain interval which makes them expensive and negatively impacts the USVs market.

Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Market

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.


Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample