Report : Middle East and Africa Small Unmanned Surface Vehicles Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Size (1-2 M, >2-4 M, and >4-6 M), Payload (Sonars, Camera, GPS, SATCOM, and Others), and Application (Defense, Scientific Research, Disaster Management, Hydrography, and Others)
>2-4 M Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA Small Unmanned Surface Vehicles Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Size, Payload, and Application,” is expected to reach US$ 32.86 million by 2028 from US$ 19.22 million in 2021. The market is estimated to grow at a CAGR of 8.0% from 2021 to 2028. The report provides trends prevailing in the MEA small unmanned surface vehicles market along with the drivers and restraints pertaining to the market growth. Governmental rules towards usage of USVs and accelerating investments in unmanned exploration technologies are the major factor driving the growth of the MEA small unmanned surface vehicles market. However, presence of low cost UUVs hinders the growth of MEA small unmanned surface vehicles market.
In case of COVID-19, MEA is highly affected especially South Africa. The Middle East is an important oil-producing region in the world that includes the countries such as Saudi Arabia and the UAE. The COVID-19 pandemic has exposed the economies in this region to many additional challenges as most of countries faced a slack in the transportation operations, dip in goods demands, and disruptions in supply chain operations in FY 2020. Moreover, UAE was estimated to be the largest market for small USVs in the Middle East & Africa region in FY 2020, according to the research study. Irrespective of the pandemic-related challenges, the rising demand for unmanned surface vehicles for safety & rescue operations across most of the tourists’ places in UAE and Saudi Arabia has been driving the market so far. Post-COVID, as the tourism sector is expected to regain its growth rapidly which will aid in the further growth of safety & rescue USVs across the region. Moreover, the oil & gas industry in Saudi Arabia and UAE is also expected to adopt the technology owing to rising deployment of automation technologies across the industry post COVID-19 pandemic.
The MEA small unmanned surface vehicles market is segmented based on size, payload, application, and country. Based on size, market has been segmented into 1-2 M, >2-4 M, and >4-6 M. The 1-2 M segment dominated the market in 2020 and >2-4 M segment is expected to be fastest growing during forecast period. Based on payload, the market has been segmented into sonars, camera, GPS, SATCOM, and others. The camera segment dominated the market in 2020 and SATCOM segment is expected to be fastest growing during forecast period. Based on application, the market has been segmented into defense, scientific research, disaster management, hydrography, and others. The hydrography segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market has been segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
Aanderaa Data Instruments AS; AutoNaut Ltd; Eco Marine Power; HYDRONALIX; Liquid Robotics, Inc.; OceanAlpha Group Ltd.; QinetiQ Group plc; and Sirehna are among the leading companies in the MEA small unmanned surface vehicles market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, AutoNaut and the University of East Anglia (UEA) have partnered to develop a new unmanned surface vessel (USV) designed to deploy research equipment in remote and inaccessible ocean locations. The ‘Caravela’ is based on an AutoNaut USV, adapted to carry and release an underwater glider.
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