Middle East and Africa 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 Middle East & Africa (MEA) small unmanned surface vehicles market is expected to grow from US$ 19.22 million in 2021 to US$ 32.86 million by 2028. It is estimated to grow at a CAGR of 8.0% from 2021 to 2028. With continued coastal developments, the maritime domain is increasingly becoming congested, fueled by state and non-state actors using the sea for various activities. The warrants have a high emphasis on maritime surveillance and protection. Therefore, modern assets, such as unmanned vehicles, are deployed to reduce human life risks and mitigate enemy contacts by moving into other domains. Moreover, the surging application of digital connectivity acts as a key factor in the growth of unmanned oceanic systems, as connectivity plays a paramount role for the modern networked sea and sub-sea forces. The defense sectors in leading countries are substantially investing in developing connected subsea-based sensors, submerged platforms, surface assets with air systems and space-based assets, and cyber operations. This factor is anticipated to trigger the expanding operations of unmanned assets to counter any potential adversary threat. Thus, the continuous investments in deep-sea exploration technologies are expected to provide numerous profitable opportunities for market players in the coming years, driving the MEA market.
The Middle East is an important oil-producing region in the world. The COVID-19 pandemic has exposed the MEA countries to many additional challenges. Most countries faced issues in transportation operations, dip in goods demands, and disruptions in supply chain operations in FY 2020. Moreover, UAE was estimated to be the largest market for small USVs in the Middle East & Africa region in FY 2020. Irrespective of the pandemic-related challenges, the rising demand for unmanned surface vehicles for safety & rescue operations across most tourist places in the UAE and Saudi Arabia has been driving the market so far. Post-COVID, the tourism sector is expected to regain its growth rapidly, aiding the development of safety & rescue USVs across the region. Moreover, the oil & gas industry in Saudi Arabia and the UAE is also expected to adopt the technology due to the rising deployment of automation technologies across the sector post-COVID-19 pandemic.
Based on size, the >2-4 M segment is expected to grow at the fastest pace during the forecast period. >2-4 m unmanned surface vehicles are used for a wide range of military and commercial applications. Mine Counter Measures (MCM), Intelligence, Surveillance and Reconnaissance (ISR), Anti-Submarine Warfare (ASW), and Fast Inshore Attack Craft (FIAC) are the military application where these vehicles are used. They also find significant usage in commercial applications, such as Oil and Gas Exploration and Construction, Oceanographic Data Collection, Hydrographic, Oceanographic, and Environmental Surveys. This size of USV is compatible with the line of sight communications, including UHF radio, mesh network radio, Wi-Fi, and the commercially available Iridium, Inmarsat, or V-Sat satellite communications systems. It can also be used in applications requiring a smaller craft, such as surveying, monitoring, and other scientific research in coastal zones. They have a cruising speed of approx. 3-4 knots with a range of approx. 300-310 nm. Given the above uses and advantages of >2-4 M unmanned surface vehicles, it is expected to increase its demand, driving the MEA small unmanned surface vehicles market during the forecast period.
The overall MEA 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 MEA small unmanned surface vehicles market. The process also serves the purpose of obtaining overview and forecast for the MEA 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 MEA small unmanned surface vehicles market. Aanderaa Data Instruments AS; AutoNaut Ltd; Eco Marine Power; HYDRONALIX; Liquid Robotics, Inc.; OceanAlpha Group Ltd.; QinetiQ Group plc; and Sirehna are among a few players operating in the MEA small unmanned surface vehicles market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA small unmanned surface vehicles market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the MEA small unmanned surface vehicles market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the small unmanned surface vehicles market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook