DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Unmanned Surface Vehicle (USV) Market by Application (Defense, Scientific Research, Commercial, Miscellaneous), Size (Small, Medium, Large, Extra Large), Propulsion System, Modes of Operation, Payload & Geography - Global Forecast to 2021" report to their offering.
The unmanned surface vehicle (USV) market is projected to grow from USD 437.57 Million in 2016 to USD 861.37 Million by 2020, at a CAGR of 14.51% during the forecast period.
Factors, such as increase demand for the ISR, water quality monitoring, maritime security and threats, need for ocean data and mapping are the major factors which will drive the unmanned surface vehicle market. USVs have been increasing the interest of various manufacturers and their inclination towards the USV market. Government organizations and private agencies have been investing a lot in the manufacture and development of advanced and efficient USVs.
On the basis of application, the given market has been segmented into defense, commercial, scientific research and miscellaneous. The defense segment is projected to grow at a significant CAGR during the forecast period, because USVs offers greater capacity compared to traditional equivalent systems and can be equipped with stabilized weapons system and electro optical tracking system. This would help militaries to monitor in night also using infrared vision
The market for USV has been segmented based on size such as small, medium, large and extra-large. In terms of volume, the small USV market dominates the studied market, and is expected to continue its dominance over the next 5 years, primarily driven by the rise in demand in the commercial sector and its cost-effective operational use. In terms of value the large size USVs has the largest market share in USV market.
The European region is expected to exhibit the highest growth rate in the USV market, and is projected to grow at a highest CAGR during the forecast period. This growth is due the demand of USVs by navies for ISR activities and oceanographic studies along with presence of key manufacturers such as ECA Group (France), ASV (U.K.) and Atlas Elektronik (Germany) are in the region. The Atlas Elektronik holds the largest share w.r.t USVs in the European region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Unmanned Surface Vehicle Market, By Application
8 Unmanned Surface Vehicle Market, By Size
9 Unmanned Surface Vehicle Market, By Propulsion System
10 Global Usv Market, By Modes of Operation
11 Unmanned Surface Vehicle Market, By Payload
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
- 5G International Inc.
- Asv Unmanned Marine Systems
- Atlas Elektronik Gmbh
- Eca Group
- Elbit Systems Ltd.
- Israel Aerospace Industries Ltd.
- Rafael Advanced Defense Systems Ltd.
- Searobotics, Inc.
- Seebyte Ltd.
- Teledyne Technologies, Inc.
- Textron Inc.
For more information visit http://www.researchandmarkets.com/research/q8tfc4/unmanned_surface