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WiseGuyRerports.com Presents “Unmanned Surface Vehicle (USV) Market Analysis - Global & Regional Industry Forecast (2019 - 2024)” New Document to its Stud

PUNE, INDIA, September 16, 2019 /EINPresswire.com/ --
Research in commercial, scientific, and military issues associated with both oceans and shallow waters are growing rapidly. This report is a detailed overview of the unnamed surface vehicle market analysis including Market structure details the value chain, Players’ presence across products, market trends, distribution practices and pricing. The unmanned surface vehicles (USVs) are well equipped with advanced guidance, navigation and control (GNC) capabilities as there has been a corresponding growth in demand for the development of such technology. The unmanned surface vehicle market reached USD 534 million in 2018. This is expected to reach up to USD 1,020 million by 2023, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period

The key applications where USV’s are used is commercial and defence field. The defence area is predicted to account for the higher market share in 2018. Various defence applications, such as mine countermeasures, anti-submarine, and maritime security make use of unnamed surface vehicles among others. However, USVs provide several advantages over UUVs, as unmanned underwater vehicles have limited endurance, power, and payload capacity and cannot withstand in destructive wars.

These machines are well developed including cameras, sensors, SONARs, X-band marine radars, visual systems, LiDAR, echo sounders, and others.  USV capabilities are enhanced by these types of equipment.

Major contributing companies in the market are
1. AGCO Corporation
2. Agrocenter Ltd
3. CLAAS KGaA mbH
4. CNH Industrial N.V
5. Honda
6. John Deere
7. Kubota Corporation
8. YANMAR CO., LTD
9. Same Deutz-Fahr Group S.p.A
10. JCB
11. T.A.F.E. (Tractors & Farm Equipment Ltd).
12. Mahindra & Mahindra Ltd
13. Greaves

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Market Segmentation:-

The market segmentations are made on the basis of,

 Application

Defence
Commercial

 System

Propulsion
Communication
Payload
Chassis Material
Component
Software

Type

Surface
Sub-surface

 Mode of Operation

Remotely Operated Surface Vehicle
Autonomous Surface Vehicle

 Hull Type

Kayak (Single Hull)
Catamaran (Twin Hulls)
Trimaran (Triple Hulls)
Rigid Inflatable Hull

 Endurance

-<100 hours
-100-500 hours
-500-1000 hours
->1000 hours

 Size

Small
Medium
Large
Extra Large

Region

North America
Europe
Asia Pacific
Middle East
Rest of the World (RoW)

Regional Analysis:-

North America is leading the global unmanned surface vehicle market since 2018 and is expected to continue to lead during the forecast period. The United States is considered as the largest developer, operator, and exporter of USVs, globally. This result in the large share of the North American region in the global unmanned surface vehicle market.  The European market is expected to grow at the highest compound annual growth rate during the forecasted time span. In the European region, marine time threats are continuously increasing, affecting the transportation of goods and energy, resulting in the increasing demand for USV.

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Norah Trent
WiseGuy Research Consultants Pvt. Ltd.
646 845 9349 / +44 208 133 9349
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