South America Small Unmanned Surface Vehicles Market

The SAM small unmanned surface vehicles market is expected to grow from US$ 32.73 million in 2021 to US$ 60.76 million by 2028; it is estimated to grow at a CAGR of 9.2% from 2021 to 2028.

Asymmetric threats in the maritime domain are a risk that can rear attackers' heads when least expected to unleash death and destruction to life and property. There is a rise in the deployment of advance technologies in small unmanned surface vehicles from military and defense sectors, such as Intelligence, Surveillance and Reconnaissance (ISR), Mine Counter Measures (MCM), and Anti-Submarine warfare, due to increasing asymmetric threats. The rapid pace of globalization in the recent past has seen growth in trade and commerce rise drastically, 90% of which is attributed to shipping. Several countries are striving to gain more control on maritime trade routes and maritime assets, such as underwater oil reserves and other offshore resources. Also, traditional geopolitical disputes are increasing, which propels the demand for constant and efficient maritime surveillance by all countries. Marine insecurity is compounding the terrorist threat. Therefore, there is a rise in the demand for small unmanned surface vehicles for maritime security. In addition, maritime shipping and infrastructure are among the sources of a nation’s commercial interest and qualify as a potential target of interest for terrorists. Terror attacks against maritime targets in the past have been quite diverse. Perpetrators of past incidents carried out attacks with differing motives. Countries are expected to invest large sums in small unmanned surface vehicles over the forecast period due to territorial conflicts and recently developed indigenous capabilities. All these factors are expected to drive the growth of the SAM small unmanned surface vehicles market in the coming years.

In case of COVID-19, SAM is highly affected especially Brazil. The COVID-19 pandemic has adversely affected many USV vendors, which also led to the shutdown of manufacturing facilities. According to the research study, Argentina was expected to witness a decline of 7.7% during the COVID-19 pandemic in FY 2020 owing to the impact of pandemic that has led to reduced operations across different locations in the country. Moreover, South America has enough water resources that requires to be maintained for operational use across different industries and also it is expected to offer lucrative opportunities for market vendors during the forecast period.

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 SAM small unmanned surface vehicles market. The SAM small unmanned surface vehicles market is expected to grow at a good CAGR during the forecast period.    

SAM Small Unmanned Surface Vehicles Market Revenue and Forecast to 2028 (US$ Million)     

SAM Small Unmanned Surface Vehicles Market Segmentation 

SAM Small Unmanned Surface Vehicles Market – By Size

• 1-2 M
• >2-4 M
• >4-6 M

SAM Small Unmanned Surface Vehicles Market – By Payload

• Sonars
• Camera
• GPS
• SATCOM
• Others

SAM Small Unmanned Surface Vehicles Market – By Application

• Defense
• Scientific Research
• Disaster Management
• Hydrography
• Others

SAM Small Unmanned Surface Vehicles Market, by Country

• Brazil 
• Argentina
• Rest of SAM    

SAM Small Unmanned Surface Vehicles Market - Companies Mentioned

• Aanderaa Data Instruments AS
• AutoNaut Ltd
• Eco Marine Power
• HYDRONALIX
• Liquid Robotics, Inc.
• OceanAlpha Group Ltd.        
• Sirehna

South America Small Unmanned Surface Vehicles Market Strategic Insights

South America Small Unmanned Surface Vehicles Market Segmentation Analysis

South America Small Unmanned Surface Vehicles Market Report Highlights

South America Small Unmanned Surface Vehicles Report Scope

South America Small Unmanned Surface Vehicles Market Country and Regional Insights