Report : Europe 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)
Camera Segment to Dominate Europe Small Unmanned Surface Vehicles Market During 2021–2028
According to a new market research study on “Europe 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$ 138.36 million by 2028 from US$ 66.51 million in 2021. The market is estimated to grow at a CAGR of 11.0% from 2021 to 2028. The report provides trends prevailing in the Europe small unmanned surface vehicles market along with the drivers and restraints pertaining to the market growth. Rising demand of ocean data mapping and water quality monitoring and increasing demand for coastal water patrol and anti-submarine warfare (ASW) are the major factor driving the growth of the Europe small unmanned surface vehicles market. However, accessibility of low cost UUVs hinders the growth of Europe small unmanned surface vehicles market.
In case of COVID-19, Europe is highly affected specially the UK. The COVID-19 pandemic is predicted to have a greater impact on European industries than the 2008–2009 industrial crisis. The industrial sector in the region reported lower production levels in 2020 than those recorded in 2019. Several industries in Europe faced downfall in the second quarter of 2020, compared with second quarter of 2019. Disaster management was the most impacted application in the European region within the small USVs market during the COVID-19 pandemic. Several countries such as UK, France, and Italy have faced most of the impact of COVID-19 pandemic during FY 2020. In Europe, COVID-19 has led to huge disruption in the adoption of autonomous technologies and investments in the marine technologies. Also, the investments in the defense sector have also been compromised shortly during the COVID-19 pandemic wherein the adoption of small USVs has also got impacted across different European countries. Moreover, disrupted supply chain, transportation challenges and lack of resources have been some of the major challenges for the small USV manufacturers across the European region.
The Europe 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 UK, Germany, France, Italy, Russia, and rest of Europe.
Aanderaa Data Instruments AS; AutoNaut Ltd; Eco Marine Power; HYDRONALIX; Liquid Robotics, Inc.; OceanAlpha Group Ltd.; QinetiQ Group plc; Seabed BV; and Sirehna are among the leading companies in the Europe 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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