South America 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 M

South America 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 South America (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. With the growth of 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 major 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 major countries are substantially investing in the development of connect subsea-based sensors, submerged platforms, and surface assets with air systems and space-based assets, as well as in 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 the development of deep sea exploration technologies are expected to provide numerous profitable opportunities for the unmanned surface vehicle market players in the coming years, thereby driving the SAM market growth.

The COVID-19 pandemic has adversely affected many USV vendors in this region, leading to the shutdown of various manufacturing facilities. Argentina witnessed a decline of 7.7% during the COVID-19 pandemic in FY 2020 due to reduced operations across different locations in the country. Moreover, South America has enough water resources that require maintenance for operational use across various industries. It is also expected to offer lucrative opportunities for market vendors during the forecast period.

Based on payload, the SATCOM segment is expected to be the fastest-growing segment during the forecast period. A small-unmanned Surface Vessel (USV) is a marine craft that operates on the water's surface without a crew physically on board. USVs are operated remotely by human USV Pilots in our Operations Centre via satellite communications. SATCOM provides military and commercial customers with a proven, high-capacity communications capability designed to perform under even the most challenging maritime conditions. The increasing demand for voice and email communication, alongside web browsing, social media, and data transfer, is expected to raise the need for SATCOM in the maritime sector, thereby driving the SAM small unmanned surface vehicles market during the forecast period.

The overall SAM 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 SAM small unmanned surface vehicles market. The process also serves the purpose of obtaining overview and forecast for the SAM 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 SAM small unmanned surface vehicles market. Aanderaa Data Instruments AS; AutoNaut Ltd; Eco Marine Power; HYDRONALIX; Liquid Robotics, Inc.; OceanAlpha Group Ltd.; and Sirehna are among a few players operating in the SAM small unmanned surface vehicles market.

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