Military Embedded Systems

Unmanned surface vehicle market to reach $3.1 billion by 2031, study reveals

News

March 25, 2021

Lisa Daigle

Assistant Managing Editor

Military Embedded Systems

Unmanned surface vehicle market to reach $3.1 billion by 2031, study reveals
Artist concept of No Manning Required Ship (NOMARS) USV: DARPA

LONDON. The worldwide market for unmanned surface vehicles (USVs), currently worth $2.1 billion (in 2021), is projected to be worth $3.1 billion by 2031, according to a new market study by GlobalData, "Thematic Research -- Defense: Unmanned Surface Vehicles." 

The demand for USVs, according to the study, will be driven by the enhancement of mine countermeasure (MCM) operations plus additional distributed fleet structure initiatives undertaken by the U.S., China, the U.K., and France. For its part, the U.S. Navy operates multiple high-value USV procurement programs, including Large USV (LUSV), Medium USV (MUSV), and Common USV (CUSV), and is expected to maintain its leading USV procurement position globally.

With the development and widespread use of computerized command and control and artificial intelligence (AI) technologies, the use of autonomous systems will grow as forces seek to reduce costs and keep human operators out of harm's way. USVs -- with their modular structures and ability to carry many different payloads -- also have the potential to be used as force multipliers in many areas of naval operations. 

For additional information visit the GlobalData website.

Featured Companies

GlobalData

7 Carmelite Street
London, UK
www.globaldata.com