Unmanned Surface Vehicle Market Updates

Global Unmanned Surface Vehicle Market size was valued at USD 2.15 Billion in 2023 and is poised to grow from USD 2.25 Billion in 2024 to USD 3.25 Billion by 2032, at a CAGR of 4.7% during the forecast period (2025-2032).

Key vendors in Unmanned Surface Vehicle Market are : 'Kongsberg Maritime (Norway)', 'SaaB AB (Sweden)', 'L3 Harris Technologies (U.S.)', 'Textron Inc (U.S.)', 'ECA Group (France)', 'Thales Group (France)', 'Fugro (Netherlands)', 'Atlas Elektronik GmbH (Germany)', 'ASV (U.K.)', 'Elbit Systems (Israel)', 'Rafael Advanced Defense Systems Ltd. (Israel)', '5G international (U.S.)', 'Liquid Robotics (U.S.)', 'Teledyne Technologies (U.S.)' 

The oil & gas industry is expanding rapidly and investing heavily in offshore exploration projects to maximize their profitability. Extensive use of unmanned surface vehicles for subsea inspection, surveying, and pipeline monitoring owing to their cost-effective nature as compared to traditional manned vessels is slated to bolster the global unmanned surface vehicle market outlook going forward.

Use of Swarm Technology: The use of swarm technology allows multiple unmanned surface vehicles to operate collaboratively and collectively share data to improve the efficiency of operations. Unmanned surface vehicles equipped with swarm technology are expected to be highly popular for defense operations, disaster response, and large-scale environmental monitoring in the long run.

North America is forecasted to account for a dominant share of the global unmanned surface vehicle market forecast. High military and defense spending, growing offshore oil & gas exploration activities, and rising emphasis on improving maritime security are key factors promoting the sales of unmanned surface vehicles in this region. The United States is expected to be the most opportune market for unmanned surface vehicle companies looking to make a mark in the North American region. Meanwhile, the demand for unmanned surface vehicles in Canada is also expected to rise at a notable pace going forward.