Unmanned Surface Vehicle Market to cross USD 1 billion by 2032, Says Global Market Insights inc.
Unmanned surface vehicle industry size is expected to register 5% CAGR between 2023 and 2032 propelled by the growing demand for Integration of AI in unmanned naval vehicles.
Selbyville, Delaware, Aug. 13, 2023 (GLOBE NEWSWIRE) — Unmanned Surface Vehicle Market value will surpass USD 1 billion by 2032, as per a
North America to dominate the market share
North America unmanned surface vehicle market share is poised to be worth over USD 500 million by 2032, claims the report. Increasing demand for maritime security and surveillance, and the rising adoption of USVs in various commercial applications will strengthen the regional market outlook. Moreover, the region is home to key USV manufacturers such as L3Harris Technologies and Teledyne, Inc., among others emphasizing product innovations to sustain their leadership. The robust strategic landscape across the region will stimulate industry revenue streams through 2032.
Unmanned Surface Vehicle Market Players
Kongsberg Maritime, Liquid Robotics, Inc., OceanAlpha, Fugro, L3Harris Technologies, Inc., Maritime Robotics AS, and SAAB AB, among others
Unmanned Surface Vehicle Market News:
- In April 2023, Fugro, a leading surveying services company, announced that its 12 m Blue Essence® uncrewed surface vessel secured full navigation licensing from the UAE Ministry of Energy and Infrastructure.
Growing technological developments in the North America region
Regionally, North America organic electronics market is expected to hold a significant revenue share by 2032, driven by technological advancements and favorable government initiatives. The region has been at the forefront of R&D in the field of organic electronics, leading to the commercialization of innovative products. Furthermore, government support in the form of funding programs and favorable regulations has encouraged the adoption of organic electronics in various sectors, including healthcare, consumer electronics, and automotive. The growing demand for energy-efficient solutions and the presence of major manufacturers further contribute to the market expansion in North America.
Some of the leading players in the global organic electronics market are AGC INC, Merck KGaA, Samsung Display (Samsung Electronics Co., Ltd.), Covestro AG, JOLED Inc., Konica Minolta, Inc., DuPont, LG DISPLAY CO., LTD., Novaled GmbH, Sony Corporation, Sumitomo Chemical Co., Ltd., Panasonic Holdings Corporation, UNIVERSAL DISPLAY, Visionox Company, and OSRAM GmbH.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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