Technavio, a tech-focused market research firm, has published a new report on the global unmanned surface vehicle (USV) market, which is expected to grow at a CAGR of close to 14% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global USV market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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USV market in the Americas: North America is expected to be the highest contributor to the unmanned surface vehicle market in the Americas during the forecast period. The growth is attributed to the various factors such as investment in innovation and R&D by the government, private sector, and academia on an exploration of technology related to marine systems.
According to Bharath Kanniappan, a senior industry analyst at Technavio, specializing in research on robotics, “The introduction of Navy USV Master Plan, that projected a roadmap for the use of USVs for surface warfare, countermine missions, and anti-submarine warfare, increased the adoption of USVs in Navy. The USV market in the Americas is expected to gain traction with the increase in research activities, defense applications, and the defense budget.”
USV market in EMEA: The major contributors to the unmanned surface vehicle market in Europe are Italy, Germany, the UK, and Denmark. The UK has taken various initiatives to boost technology such as robotics and autonomous systems. Apart from the use of USVs in the UK for defense applications, there is also an increased use of USVs for civilian applications such as oceanography.
USV market in APAC: Growth in demand from countries such as China, Australia, and India, which are likely to increase their defense budgets and R&D related to waterbodies will drive the unmanned surface vehicle market in APAC. There is an upsurge in need for monitoring seaborne activities such as smuggling, illegal fishing, threats to commercial offshore energy infrastructure, and environmental hazards in APAC. To resolve these issues data has to be monitored, for which investment will be increased on USVs that enhances the acquisition of hydrographic, oceanographic, meteorological, and environmental data.
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The top vendors operating in the global USV market are:
- ASV Global
- ATLAS ELEKTRONIK
- ECA
- Liquid Robotics
- Teledyne Marine
- Ocius Technology
Other prominent vendors in the market include Clearpath Robotics, Deep Ocean Engineering, Elbit Systems, EvoLogics, AutoNaut, Ocean Aero, QinetiQ North America, Rafael Advanced Defense Systems, R&Drone, SeaRobotics, Subsea Tech, and Textron Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global USV Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Unmanned Sea Systems Market 2017-2021
- Global Marine Electric Vehicles Market 2016-2020
- Global Submarine Payload and Launch Systems Market 2016-2020
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