Global Unmanned Surface Vehicle (USV) Market Size By Size, By Mode of Operation, By Application, By Geographic Scope And Forecast
Unmanned Surface Vehicle (USV) Market Size And Forecast
Unmanned Surface Vehicle (USV) Market was valued at USD 561.2 Million in 2019 and is projected to reach USD 1,505.1 Million by 2027, growing at a CAGR of 13.06% from 2020 to 2027.
Global Unmanned Surface Vehicle (USV) Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The demand for the development of unmanned surface vehicles (USVs) is rising due to growing commercial, scientific, and military issues. USVs are significantly employed for military applications for conducting various missions and tasks such as - surveillance and reconnaissance, mine countermeasures, defense system testing, training, and others, therefore boosting the market. The growing government investments from several nations to strengthen their maritime capabilities by operating USV have contributed significantly to the market growth. The continuous research and developmental activities to make advancements in the USV is expected to provide an immense growth opportunity for the market over the forecast period.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Unmanned Surface Vehicle (USV) Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Unmanned Surface Vehicle (USV) Market Competitive Landscape
The Global Unmanned Surface Vehicle (USV) Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Kongsberg, Teledyne Technologies, ECA Group, Elbit Systems Ltd., Textron Systems, ASV Global, Atlas Elektronik, Rafael Advanced Defense Systems, Liquid Robotics.
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