Report : North America 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)
1-2 M Segment to Dominate North America Small Unmanned Surface Vehicles Market During 2021–2028
According to a new market research study on “North America 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$ 242.21 million by 2028 from US$ 124.16 million in 2021. The market is estimated to grow at a CAGR of 10.0% from 2021 to 2028. The report provides trends prevailing in the North America small unmanned surface vehicles market along with the drivers and restraints pertaining to the market growth. Increasing demand of ocean data mapping and water quality monitoring and rising demand for coastal water patrol and anti-submarine warfare (ASW) are the major factor driving the growth of the North America small unmanned surface vehicles market. However, presence of low cost UUVs hinders the growth of North America small unmanned surface vehicles market.
The COVID-19 pandemic hit almost all industries worldwide, disrupting the supply chain in various sectors, creating a demand & supply gap. The reduction in the investments of automation technologies is one of the pandemic's significant impacts that severely affected the market. However, according to the research study, the market is expected to regain its growth by the second quarter of 2022. Regarding hydrography operations, the COVID-19 has not impacted heavily in the adoption of automation technologies. The marine industry operations have been suspended during one-two quarter of 2020, which affected the demand for unmanned surface vehicles across the region. Also, the need for unmanned systems has increased over the past few years, a trend across marine industry operations. For instance, the defense sector has become one of the most growing markets for unmanned systems across North America, specifically in the US, due to rising investments in the adoption of autonomous unmanned vehicles across the defense industry that has driven the market in 2020.
The North America 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 US, Canada, and Mexico.
Aanderaa Data Instruments AS; AutoNaut Ltd; Eco Marine Power; HYDRONALIX; Liquid Robotics, Inc.; OceanAlpha Group Ltd.; QinetiQ Group plc; SeaRobotics Corporation; and Sirehna are among the leading companies in the North America 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 2021, Eco Marine Power earned an Approval in Principle (AiP) from Class NK for their idea for a ship with a renewable energy system for ships, taking a step toward the achievement of zero-emission power and propulsion for shipping.
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