Autonomous Sea-Surface Vehicles (ASVs) Market Status, Product Scope and Analysis till 2023

06th May 2019 – The global Autonomous Sea-Surface Vehicles (ASVs) Market is expected to display higher growth rate over the upcoming years. Rapid surge in autonomous sea-surface vehicles market is credited to the shifting focus towards a supportive regulatory framework, increase in government funding to promote adoption of automation and digitalization in the automotive sector, and recent advancement in the digital infrastructure. The autonomous vehicles are also referred, as self-driven vehicles; they are considered as a key innovation in the automotive sector. Growing popularity among consumers is considered as major catalyst for the robust market growth of autonomous sea-surface vehicles, in the recent years.

Autonomous sea-surface vehicles (ASVs) are primarily used for supporting offshore operations in applications involving construction support and survey. Development of different models to carry out tasks such as subsea positioning, surveying and environmental monitoring is further propelling market demand over the coming years. Globally, autonomous sea-surface vehicles (ASVs) market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of autonomous sea-surface vehicles (ASVs).

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Additionally, availability of the wide range of products and vast industrial infrastructure in the North America and European region are anticipated to fuel the market demand for the autonomous vehicles over the forecast period. The recent technological advancement coupled with development of the novel products such as LiDAR, stereo vision, GPS and IMU are expected to boost market growth in the upcoming years. The current advancements in automotive industry coupled with high-end market penetration are some of the key catalyst for robust market growth in the last few years.

The autonomous sea-surface vehicles market is broadly categorized into three major segments based on the application type such as commercial sector, defense sector and scientific Research. Commercial sector segment is growing rapidly in the market with substantial revenue generation in the last few years.

Key Players

  • Unmanned Systems Technology
  • Autonomous Surface Vehicle Limited
  • Textron Inc
  • ECA Group
  • Israel Aerospace Industries
  • Elbit Systems
  • MBARI

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

  • Small
  • Medium
  • Large
  • Extra Large

 

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, volume, market share and growth rate of Autonomous Sea-Surface Vehicles (ASVs) for each application, including

  • Commercial
  • Defense
  • Scientific Research
  • Others

 

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