PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1561798
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1561798
Global Underwater Drone Market Size Study, By Application, By Type, By Propulsion System, By Product Type and Regional Forecasts 2022-2032
Global Underwater Drone Market is valued at approximately USD 3.6 billion in 2023 and is projected to witness substantial growth with a healthy CAGR of 15.6% over the forecast period 2024-2032. Underwater drones, or unmanned underwater vehicles (UUVs), have emerged as pivotal tools in various domains, offering unprecedented capabilities in deep-sea exploration, military applications, and oceanographic research. These vehicles, categorized into remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs), are revolutionizing underwater operations by enabling extended reach, precision, and efficiency. Technological advancements, including high-resolution imaging, advanced sonar systems, and manipulator arms, have significantly reduced the time and cost associated with underwater inspections and explorations, thereby expanding the potential applications of underwater drones across various sectors.
The surge in deep-water offshore oil and gas exploration activities is a key driver fueling the demand for underwater drones. As global energy needs continue to rise, oil and gas companies are compelled to explore and extract resources from increasingly challenging underwater environments. Underwater drones play a crucial role in enhancing operational safety, reducing environmental impact, and minimizing human intervention in these hostile conditions. Additionally, the growing need for underwater drones in defense and security applications, particularly for surveillance, reconnaissance, and mine countermeasures, is expected to further propel the market's growth. However, the market faces challenges related to communication and navigation, especially in deep-sea environments where traditional radio wave-based systems are less effective.
The key regions considered for the Global Underwater Drone Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Underwater Drone Market in terms of revenue. The market growth in the region is being attributed to factors including the presence of key industry players, significant investments in defense and marine research, and the adoption of advanced technologies. The region benefits from strong government support and a well-established infrastructure for underwater exploration and surveillance. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by increasing maritime security concerns, rising investments in marine research and exploration, and the growing interest in underwater drones for commercial purposes, such as underwater photography and environmental monitoring. Countries like China, Japan, and South Korea are leading this surge with substantial technological advancements and expanding commercial applications in the region.
Major market player included in this report are:
- ECA Group
- Deep Ocean Engineering, Inc.
- TechnipFMC plc
- Oceaneering International, Inc.
- Kongsberg Maritime
- Bluefin Robotics Corporation
- Teledyne Marine
- AquaBotix Technology Corporation
- Fugro N.V.
- Hydromea SA
- Lockheed Martin Corporation
- Ocean Infinity Limited
- Saab Seaeye Ltd.
- VideoRay LLC
- QYSEA Technology Co., Ltd.
The detailed segments and sub-segment of the market are explained below:
By Application:
- Defense and Security
- Scientific Research
- Commercial Exploration
- Others
By Type:
- Remotely Operated Vehicle (ROV)
- Autonomous Underwater Vehicle (AUV)
- Hybrid Vehicles
By Propulsion System:
- Electric System
- Mechanical System
- Hybrid System
By Product Type:
- Micro
- Small and Medium
- Light Work-Class
- Heavy Work-Class
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of the competitive structure of the market.
- Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global Underwater Drone Market Executive Summary
- 1.1. Global Underwater Drone Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Type
- 1.3.3. By Propulsion System
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Underwater Drone Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Underwater Drone Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rise in Deep-Water Offshore Oil & Gas Exploration
- 3.1.2. Increase in Demand for Underwater Drones for Defense and Security Applications
- 3.1.3. Growth in Demand for Oceanographic Research
- 3.2. Market Challenges
- 3.2.1. Communication Problems Associated with AUVs
- 3.2.2. High Costs of Advanced Communication and Navigation Systems
- 3.3. Market Opportunities
- 3.3.1. Advancement of Underwater AI Systems for Autonomous Underwater Vehicles
- 3.3.2. Expanding Applications in Offshore Renewable Energy Generation
Chapter 4. Global Underwater Drone Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Underwater Drone Market Size & Forecasts by Application 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Underwater Drone Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Defense and Security
- 5.2.2. Scientific Research
- 5.2.3. Commercial Exploration
- 5.2.4. Others
Chapter 6. Global Underwater Drone Market Size & Forecasts by Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Underwater Drone Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Remotely Operated Vehicle (ROV)
- 6.2.2. Autonomous Underwater Vehicle (AUV)
- 6.2.3. Hybrid Vehicles
Chapter 7. Global Underwater Drone Market Size & Forecasts by Propulsion System 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Underwater Drone Market: Propulsion System Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Electric System
- 7.2.2. Mechanical System
- 7.2.3. Hybrid System
Chapter 8. Global Underwater Drone Market Size & Forecasts by Product Type 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Underwater Drone Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Micro
- 8.2.2. Small and Medium
- 8.2.3. Light Work-Class
- 8.2.4. Heavy Work-Class
Chapter 9. Global Underwater Drone Market Size & Forecasts by Region 2022-2032
- 9.1. North America Underwater Drone Market
- 9.1.1. U.S. Underwater Drone Market
- 9.1.1.1. Application breakdown size & forecasts, 2022-2032
- 9.1.1.2. Type breakdown size & forecasts, 2022-2032
- 9.1.1.3. Propulsion System breakdown size & forecasts, 2022-2032
- 9.1.1.3. Product Type breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Underwater Drone Market
- 9.1.3. Mexico Underwater Drone Market
- 9.1.1. U.S. Underwater Drone Market
- 9.2. Europe Underwater Drone Market
- 9.2.1. UK Underwater Drone Market
- 9.2.2. Germany Underwater Drone Market
- 9.2.3. France Underwater Drone Market
- 9.2.4. Spain Underwater Drone Market
- 9.2.5. Italy Underwater Drone Market
- 9.2.6. Rest of Europe Underwater Drone Market
- 9.3. Asia-Pacific Underwater Drone Market
- 9.3.1. China Underwater Drone Market
- 9.3.2. India Underwater Drone Market
- 9.3.3. Japan Underwater Drone Market
- 9.3.4. Australia Underwater Drone Market
- 9.3.5. South Korea Underwater Drone Market
- 9.3.6. Rest of Asia Pacific Underwater Drone Market
- 9.4. Latin America Underwater Drone Market
- 9.4.1. Brazil Underwater Drone Market
- 9.4.2. Mexico Underwater Drone Market
- 9.4.3. Rest of Latin America Underwater Drone Market
- 9.5. Middle East & Africa Underwater Drone Market
- 9.5.1. Saudi Arabia Underwater Drone Market
- 9.5.2. South Africa Underwater Drone Market
- 9.5.3. Rest of Middle East & Africa Underwater Drone Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. ECA Group
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Deep Ocean Engineering, Inc.
- 10.3.3. TechnipFMC plc
- 10.3.4. Oceaneering International, Inc.
- 10.3.5. Kongsberg Maritime
- 10.3.6. Bluefin Robotics Corporation
- 10.3.7. Teledyne Marine
- 10.3.8. AquaBotix Technology Corporation
- 10.3.9. Fugro N.V.
- 10.3.10. Hydromea SA
- 10.3.11. Lockheed Martin Corporation
- 10.3.12. Ocean Infinity Limited
- 10.3.13. Saab Seaeye Ltd.
- 10.3.14. VideoRay LLC
- 10.3.15. QYSEA Technology Co., Ltd.
- 10.3.1. ECA Group
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
