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)
The Europe small unmanned surface vehicles market is expected to grow from US$ 66.51 million in 2021 to US$ 138.36 million by 2028. It is estimated to grow at a CAGR of 11.0% from 2021 to 2028. 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 in 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 systems, monitor water quality. Therefore, a surge in demand for ocean data mapping and water quality monitoring is expected to drive the Europe market over the forecast period.
The COVID-19 pandemic has had a more severe impact on European industries than the 2008-2009 industrial crisis. The industrial sector in the region reported lower production levels in 2020 than in 2019. Several industries in Europe faced a downfall in the second quarter of 2020, compared with the 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 the UK, France, and Italy, have been most negatively impacted by the COVID-19 pandemic during FY 2020. In Europe, COVID-19 has led to massive disruption in taking up autonomous technologies and investments in marine technologies. Investments in the defense sector have also been compromised 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 significant challenges for the small USV manufacturers across the European region.
Based on payload, the camera segment led the Europe small unmanned surface vehicles market in 2020. Small unmanned surface vehicles use various cameras to capture different kinds of imagery, such as photos, thermal images, multispectral images for applications such as precision agriculture, and infrared for heat signature detection. This camera is connected to a control computer that triggers the camera, stores images, records metadata, such as camera settings and GPS position, and prepares the image data for transmission. HD cameras, embedded cameras, thermal cameras, infrared camera sensors, and image capture systems are the types of camera payload used in small unmanned surface vehicles. Cameras payloads are gaining prominence as light-weight, low-power, and information-rich sensors, which represent a viable alternative or addition to other sensor modalities, further driving the Europe small unmanned surface vehicles market.
The overall Europe small unmanned surface vehicles market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe small unmanned surface vehicles market. The process also serves the purpose of obtaining overview and forecast for the Europe small unmanned surface vehicles market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe small unmanned surface vehicles market. 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 a few players operating in the Europe small unmanned surface vehicles market.
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