The global unmanned surface vehicle market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period (2024-2031). One of the crucial factors that are boosting the market is the growing market players to increase the competitiveness in the market. In the last few years, several companies have taken participated in the making of unmanned surface vehicles with different designs, technologies, and applications which has increased the demand in the market. In the last 10 years, 3 startups have gained a lot of attention in the unmanned surface vehicle market due to several reasons such as design, technology, quality, and other offers. These three startups are-

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Saildrone - Founded in 2012, the company is located in Alameda, US. Saildrone is known for manufacturing solar and wind-powered unmanned surface vehicle (USV) that floats on the ocean surface. These USVs are proficient in carrying a sensor suite, relaying data back to shore in real-time via satellite, deploying sensor payloads, and can navigate to any part of the world’s oceans. In January 2021, the company launched a 72-foot autonomous seabed-mapping boat.

Buffalo Automation- Founded in 2014, the company is located in Buffalo, US. Buffalo Automation Group (BAG) is known as a robotics company that develops USVs for marine transport applications. BAG has created 'Automate Technology' which can be fitted onto existing boats; which enables a boat to project weather conditions and be able to chart its steer clear of obstacles, its path to a destination, and other such hazards. 

Open Ocean Robotics - Founded in 2017, the company is located in Victoria, US. It is a provider of USVs for oceanic observations. The company also offers energy-harvesting USVs equipped with cameras, sensors, and communication devices to collect ocean data.      

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Market Coverage

Segment Covered- 

By Size
By Mode of Operation
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Including ECA Group, Elbit Systems Ltd., Kongsberg Gruppen ASA, L3Harris Technologies, Inc., Teledyne Technologies Inc., and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Unmanned Surface Vehicle Market Report Segment

By Size

Small
Medium
Large

By Mode of Operation

Autonomous Surface Vehicle
Remotely Operated Surface Vehicle

By Application

Defense
Commercial

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