The global unmanned surface vehicle market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. One of the major factors that are projecting considerable growth in the market is the growing demand for water quality monitoring systems. Unmanned surface vehicles (USVs) are armed with various payload sensors which are used for oceanographic data mapping and research, primarily. These vehicles are mostly used for measuring water quality, pH values, temperature, salinity, and currents, in addition, to understanding the dynamics of the ocean. Checking water quality via USVs has several benefits compared to the manual water sampling technique.
COVID-19 pandemic had significantly impacted most industries owing to the nationwide lockdowns across the globe in most of the countries. The lockdown had restricted most of the production work which dented the industries including the unmanned surface vehicle industry. This led the governments to a huge economic crisis, which resulted in the cutting budget of the defense sector of most of the nations. This resulted in a decline in the demand for the USVs. As per the 2020 annual report of Teledyne Technologies Inc., to respond to the impact of COVID-19, in 2020 the Company took actions to reduce headcount by 9.8% across various businesses, reducing its exposure to weak end markets. The Company paid $29.0 million, $484.0 million, and $3.1 million on acquisitions with other investments, net of cash acquired in 2020, 2019, and 2018, respectively. However, as the situation got normal, the tension between the countries such as India, Pakistan, China, Russia, the USA, and others have increased which boosted the demand for the USVs in the global market.
To Request a Sample of our Report on Unmanned Surface Vehicle Market:https://www.omrglobal.com/request-sample/unmanned-surface-vehicle-usv-market-size
Market Coverage
- Market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
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
A full report of Unmanned Surface Vehicle Market available @ https://www.omrglobal.com/industry-reports/unmanned-surface-vehicle-usv-market-size
Unmanned Surface Vehicle Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/unmanned-surface-vehicle-usv-market-size
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
