Surge in Demand for Ocean Data Mapping and Water Quality Monitoring to Create Growth Opportunities for Small Unmanned Surface Vehicle Market during 2021–2028
According to our latest market study on “Small Unmanned Surface Vehicle Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Size, Payload, and Application,” the market was valued at US$ 361.29 million in 2021 and is projected to reach US$ 740.67 million by 2028; it is expected to grow at a CAGR of 10.8% from 2021 to 2028.
The rising demand for small unmanned surface vehicles for ocean data mapping and water quality monitoring is driving the growth of its market. 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 ocean data mapping with autonomous vehicle requires less manpower and costs than traditional ship-based mapping. Furthermore, water pollution is an acute problem, especially in developing 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 worldwide, especially in developing countries. 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. Also, there is an increase in coastal water patrolling to address these concerns. Conservation organizations and government agencies work with partners in the Mesoamerican and Caribbean region (MACR), which is propelling the demand for small unmanned surface vehicles.
The small unmanned surface vehicles market ecosystem is diverse and evolving. Its stakeholders are payload providers, small unmanned surface vehicles manufacturers, and end users. HYDRONALIX; Aanderaa Data Instruments AS; AutoNaut ltd; Eco Marine Power; and Liquid Robotics, Inc are among the key companies in the market. The companies offer a wide range of small unmanned surface vehicles for military and defense, maritime security, sea exploration, and other applications. With growing worldwide interest in commercial, scientific, and military issues associated with both oceans and shallow waters, there has been a rising demand for the development of small unmanned surface vehicles (USVs) with advanced guidance, navigation and control (GNC) capabilities. Furthermore, the development of small USVs is expected to offer tremendous benefits, such as low costs, long-endurance, and reduced risk to human life.
The new measurement technologies, such as ship-borne measurements and IoT systems, have been used to monitor water quality. Additionally, the continuous investments in the development of deep sea exploration technologies are expected to provide numerous profitable opportunities for the unmanned underwater vehicle and unmanned surface vehicle market players in the coming years. Currently, the adoption of small USVs is increasing among various commercial organizations, such as oil & gas exploration organizations, hydrographic and oceanographic survey organizations, environmental monitoring organizations, and search and recovery teams, as well as in various scientific research organizations for conducting oceanic studies and maritime surveys. With widening the application scope of small unmanned surface vehicles (USV) as the driving force, the development of solar-powered USV has gained the attention in academia and commercial industries. Navies and commercial maritime organizations across the world are showing an increasing interest in unmanned surface vessels (USVs).
The small unmanned surface vehicle market is segmented on the basis of size, payload, application, and geography. Based on size, the market is segmented into 1–2 M, >2–4 M, and >4–6 M. In 2021, the 1–2 M segment led the market and accounted for the largest market share. Based on payload, the small unmanned surface vehicle market is segmented into sonar, camera, GPS, SATCOM, and others. In 2021, the camera segment led the market and accounted for the largest market share. Based on application, the small unmanned surface vehicle market is segmented into defense, scientific research, disaster management, hydrography, and others. In 2021, the hydrography segment led the market and accounted for the largest market share. Geographically, the small unmanned surface vehicle market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for the significant share in the global market.
Impact of COVID-19 Pandemic on Small Unmanned Surface Vehicle Market
According to the latest report from the World Health Organization (WHO), the US, Italy, France, Germany, the UK, Russia, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. The pandemic has had a rapid and severe impact on the small USV manufacturers. Due to the containment measures, such as the closure of assembly plants in the region, the production of small USVs ceased for a few months in 2020. This has adversely affected the revenues of several manufacturers in various region of small USV market. In addition, the COVID-19 outbreak negatively impacted the supply chain of unmanned surface vehicle parts. However, the impact of the pandemic is short-term, and the market has resumed its production and shifting toward normalcy from the beginning of 2021.
A few key players operating in the global small unmanned surface vehicle market are HYDRONALIX; Aanderaa Data Instruments AS; AutoNaut ltd; Eco Marine Power; Liquid Robotics, inc.; OceanAlpha Group ltd; QinetiQ; Seabed BV; SeaRobotics Corporation; and Sirehna Naval Group. Several other market players have been analyzed to understand the market.
Small Unmanned Surface Vehicle Market — by Geography, 2020 and 2028 (%)
Small Unmanned Surface Vehicle Market Size, Growth and Forecast to 2028
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Small Unmanned Surface Vehicle Market Forecast to 2028 - COVID-19 Impact and Global 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)
Small Unmanned Surface Vehicle Market Size, Growth and Forecast to 2028
Download Free SampleSmall Unmanned Surface Vehicle Market Forecast to 2028 - COVID-19 Impact and Global 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)
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