An accurate map of the ocean bottom is necessary for navigation, transportation, fishery, telecommunication, and offshore energy, and to understand the ocean’s current and physical properties related to weather and climate. The long-range autonomous vehicle can map the ocean with an environment-friendly way. Also, an autonomous vehicle requires less manpower and costs than traditional ship-based mapping. Government organizations and private agencies are investing significantly in manufacturing and developing advanced and efficient small unmanned surface vehicles for ocean data mapping. Therefore, there is an increasing demand for small USVs. These vehicles are used in various applications, such as ocean data collection and mapping, water quality monitoring, and shallow waters and ports protection. Water pollution is an acute problem, especially in several countries. Therefore, water quality monitoring has become crucial for water protection. With the rapid development of industry and urbanization, industrial and sanitary sewage has severely affected fresh-water sources across the region. It has significantly influenced the living conditions of human beings. New measurement technologies, such as ship-borne measurements and IoT system, are used to monitor water quality. Therefore, surge in the demand of ocean data mapping and water quality monitoring is expected to drive the North America market growth.
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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America small unmanned surface vehicles market. The North America small unmanned surface vehicles market is expected to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 124.16 Million |
| Market Size by 2028 | US$ 242.21 Million |
| CAGR (2021 - 2028) | 10.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Size
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Small Unmanned Surface Vehicles Market is valued at US$ 124.16 Million in 2021, it is projected to reach US$ 242.21 Million by 2028.
As per our report North America Small Unmanned Surface Vehicles Market, the market size is valued at US$ 124.16 Million in 2021, projecting it to reach US$ 242.21 Million by 2028. This translates to a CAGR of approximately 10.0% during the forecast period.
The North America Small Unmanned Surface Vehicles Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Small Unmanned Surface Vehicles Market report:
The North America Small Unmanned Surface Vehicles Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Small Unmanned Surface Vehicles Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Small Unmanned Surface Vehicles Market value chain can benefit from the information contained in a comprehensive market report.
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