Global Autonomous Sea-Surface Vehicles (ASVs) Market is valued USD XX Million in 2019 and is projected is to exhibit XX% CAGR during the forecast period. The market is projected to be around USD XX Million by 2026. The market is driven by the increase in government funding to promote adoption of automation.

Autonomous Surface Vehicles (ASVs) are robotic vehicles that operate on the sea surface recording a range oceanographic data. Different types of ASVs use various methods of propulsion, principally wave-powered or propeller-driven.
Autonomous Sea-Surface Vehicles (ASVs) Market Dynamics
The 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. Additionally, 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) Market Insight
Based on the region, North America is expected to dominate the autonomous sea-surface vehicles (ASVs) market, due to the growth in the implementation of the latest technologies in the automotive industry, the surge in many R&D activities, and the existence of well-established industrial infrastructure in the region. Furthermore, the European region, Germany, France, and the United Kingdom is expected to witness steady growth.
Autonomous Sea-Surface Vehicles (ASVs) Market Segmentation
The global Autonomous Sea-Surface Vehicles (ASVs) Market is segmented into type, application, and region. On the basis of the type the market is divided into small, medium, large, and extra-large. Based on application the market is segmented into commercial, defense, scientific research, others. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Autonomous Sea-Surface Vehicles (ASVs) Market Competitive Landscape
The key players in Autonomous Sea-Surface Vehicles (ASVs) Market are listed as Unmanned Systems Technology, Inc., Autonomous Surface Vehicle Ltd., Textron Inc., ECA Group Co., Israel Aerospace Industries Ltd., Elbit Systems Co., and MBARI, and Other.