Unmanned Surface Vehicles Market

MarketsandMarkets: The unmanned surface vehicle (USVs) market is estimated to be USD 0.8 billion in 2023 and is projected to reach USD 1.2 billion by 2028, at a CAGR of 10.3% from 2023 to 2028. The market dynamics are propelled by the continual advancement of Unmanned Surface Vehicles (USVs), specifically designed for diverse military and commercial applications. These technologically sophisticated USVs play a pivotal role in military operations like Mine Countermeasure and Intelligence, Surveillance, and Reconnaissance (ISR). Furthermore, their application extends to commercial endeavors such as Hydrographic Surveying and Seabed Mapping. The development of these cutting-edge USVs is a key driving force, underlining their strategic significance in enhancing operational capabilities across various sectors, thus shaping the trajectory of the market.

Major Unmanned Surface Vehicle Companies Include:

• L3Harris Technologies (US)
• Textron Inc. (US)
• Thales Group (France)
• Fugro (Netherlands)
• EXAIL Technologies(France)

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L3Harris Technologies (US)

L3Harris Technologies is a prominent player in the unmanned surface vehicle (USV) market. It acquired ASV Global, a private Small and Medium Enterprise (SME), in September 2018, subsequently rebranded as L3 ASV. Specializing in autonomous surface vehicles (ASVs) and associated products, the company caters to military, offshore energy, security, and scientific applications. L3 ASV adopts both organic and inorganic strategies to augment its USV capabilities.

Textron Inc. (US)

Textron Inc. functions as a major player in the unmanned surface vehicle (USV) market, primarily leveraging acquisitions as a strategic approach. This facilitates the exploration of novel market avenues, expansion of market presence, and augmentation of its product portfolio for clientele diversification. The company systematically pursues acquisitions targeting businesses that synergize with its existing product lines, thereby enriching operational capabilities.

Thales Group (France)

Thales Group stands ia as another key player in the unmanned surface vehicle (USV) market, wielding robust distribution networks and maintaining a monopoly fortified by formidable entry barriers. Its specialized products and services enjoy entrenched positions within numerous European, Asian, and Latin American countries. The company's dominance is underpinned by established distribution channels, fostering a strategic advantage and safeguarding its proprietary offerings in the USV sector across diverse regions.

Fugro (Netherlands)

Fugro has strategically concentrated on augmenting its clientele by ensuring efficient product deliveries. The company's commitment to enhancing operational efficiency and optimizing product delivery mechanisms has been instrumental in sustaining its growth trajectory. In an effort to bolster its Unmanned Surface Vehicle (USV) capabilities within the Middle Eastern sector, Fugro recently established a collaborative partnership with AD Ports (UAE) in November 2022. This collaborative venture is poised to fortify Fugro's presence and operational prowess in the specified geographic region.

EXAIL Technologies ( France)

EXAIL Technologies, previously known as Groupe Gorge, is a French company specializing in high-tech engineering. EXAIL Technologies designs, develops, and provides robotic systems and remotely operated systems for space, defense & security, maritime, aeronautics, and industry and logistics, and research. The company operates under the following business segments: Navigation and maritime robotics, and Advanced Technologies. Through the Navigation and maritime robotics segment, the company offers a wide range of underwater operational solutions, including remotely operated, unmanned, and autonomous vehicles. EXAIL is a prominent player in maritime robotics, providing a comprehensive range of underwater drones (Autonomous Underwater Vehicles ? AUVs), surface drones (Unmanned Surface Vehicles ? USVs), and remotely operated drones (Remotely Operated Vehicles ? ROVs).

Related Reports:

Unmanned surface vehicles Market by Application (Defense, Commercial), Type (Autonomous Surface Vehicles, Semi-Autonomous Surface Vehicles), System, Cruising Speed, Hull Type, Endurance, Size and Region - Global Forecast to 2028

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