[175 Pages Report] Unmanned Surface Vehicle (USV) Market research report by Application (Defense, Scientific Research, Commercial, Miscellaneous), Size (Small, Medium, Large, Extra Large), Propulsion System, Modes of Operation, Payload & Geography.
Pune, India -- (SBWIRE) -- 05/11/2016 -- The report "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", The global unmanned surface vehicle (USV) market is estimated at USD 437.57 Million in 2016 to reach USD 861.37 Million by 2021, at a projected CAGR of 14.51% from 2016 to 2021. This growth can be attributed to the rising demand for maritime security, protection of shallow waters and ports, and the need for ocean data and mapping, globally.
Browse 73 market data Tables and 71 Figures spread through 175 Pages and in-depth TOC on "Unmanned Surface Vehicle (USV) Market - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
"Defense segment to influence Unmanned Surface Vehicle (USV) market, among all applications"
The defense segment is growing at a higher CAGR due to huge demand from navies across the world for purposes such as surveillance, reconnaissance, anti-submarine warfare and mine countermeasures. Most of the players have invested in large sized USVs for combat operations, cargo supplies, and lethal and non-lethal armaments, among others. In North America, the defense segment comprises maximum market share of the global USV market and emphasis has been on USV autonomy and intelligence.
"The sensor payload segment of Unmanned Surface Vehicle (USV) to grow the highest during the forecast period"
The global USV market has been segmented and analyzed in terms of payload into sonars, sensors, camera, visual systems, INS, X-band radars, and others. While the overall market is dominated by the camera segment as it is cost-effective and has ample opportunities for more advanced technological developments in the future, the sensor segment is projected to grow at the highest CAGR during the forecast period, primarily driven by the increased use of sensors in defense for scanning, detecting, mapping, remote sensing and to measure concentration of various elements, compounds, absorption and presence of microscopic life.
Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=220162588
"North America and European region show the highest potential for implementation of Unmanned Surface Vehicle (USV)"
The USV market is dominated by North America, as of 2015, owing to technological advancements and growing incidences of terrorism in the region. The market is driven by increasing demand for water quality monitoring, ocean data mapping, asymmetric threats and maritime security. In the European region, the USVs are clinching roles in mine countermeasures (MCM) and many other countries in Europe are also focusing on building new MCM-dedicated vessels. BRIC countries, especially the Asia-Pacific region, will also become a significant growth region for the USVs.
Major players in this market have been identified to be ASV Unmanned Marine Systems (U.K.), Teledyne Technologies, Inc. (U.S.), Textron Inc. (U.S.) and Elbit Systems Ltd. (Israel), among others.
The report segments and analyzes the USV market on the basis of application (defense, commercial exploration, scientific research, miscellaneous), size (small, medium, large and extra-large), propulsion system (electric system, mechanical system, solar system, hybrid system and others), mode of operation (semi-autonomous and autonomous), payload (sonars, sensors, camera, visual systems, INS, X-band radars, & others) and maps these segments and subsegments across the major regions of the world, namely, North America, Europe, Asia-Pacific, the Middle East, and RoW (Rest of the World).
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India