LONDON--(BUSINESS WIRE)--Technavio’s global unmanned surface vehicle market research report forecasts the market to grow at a CAGR of around 14% during the forecast period.
The increasing number of startups will be one of the major trends in the global unmanned surface vehicle market during 2018-2022. There has been a substantial increase in the number of investments in various USV startups due to the rising interest of companies and government organizations in USVs. The growth of startups is being promoted by the rapid expansion of the market, low entry barriers to the market, and substantial investments in the market.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key drivers in the global unmanned surface vehicle market is the increased adoption of MAS:
Global unmanned surface vehicle market: Increased adoption of MAS
MAS systems are automated and provide many advantages such as improved efficiency and reduction in operating and labor costs. The adoption of autonomous ships and unmanned vehicles in the maritime industry is being driven by the shortage of skilled personnel. The maritime forces across many countries are increasingly choosing USVs for various applications such as ocean science, naval operations, and surveying and exploration.
According to a senior analyst at Technavio for research on engineering tools, “The USVs are also being increasingly used in the commercial sector. In 2017, a major vendor introduced an autonomous control system for commercial marine vessels. The control system allows remote and autonomous control of conventional boats, thus allowing individuals to control the boat using a remote controller or setting a preplanned course for routine long-duration missions.”
Global unmanned surface vehicle market: Segmentation analysis
This global unmanned surface vehicle market analysis report provides market segmentation by end-user (defense and commercial) and by region (the Americas, APAC, and EMEA). This unmanned surface vehicle market forecast provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major end-users, the defense segment held the largest unmanned surface vehicle market share in 2017, accounting for over 65% of the market. This end-user segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for around 40% share. It was followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
