Underwater Drone Market Report by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), Hybrid Vehicles), Product Type (Micro, Small and Medium, Light Work-Class, Heavy Work-Class), Propulsion System (Electric System, Mechanical System, Hybrid System), Application (Defence and Security, Scientific Research, Commercial Exploration, and Others), and Region 2024-2032
The global underwater drone market size reached US$ 4.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.7% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 4.1 Billion
Market Forecast in 2032
US$ 8.7 Billion
Market Growth Rate (2024-2032)
8.7%
An underwater drone refers to an unmanned underwater vehicle (UUV), that is capable of carrying out oceanographic activities underwater without a human occupant or operator. These vehicles are either controlled throughout their operations by a distant human operator or are operated autonomously without any real-time human inputs. They are typically equipped with high-resolution cameras, superior manipulators, sophisticated propulsion systems, and highly sensitive SONAR, making them an ideal option for ocean exploration and bathymetric measurements. Additionally, they significantly reduce the timelines required to inspect equipment and other submerged items in the sea. This results in the extensive usage of these drones for underwater surveys, which include detecting obstructions, wrecks and rocks submerged in the sea, mapping the sea floor, analyzing wave currents and visual dead zones, and predicting waterborne accidents, such as tsunamis.
Underwater Drone Market Trends:
The market is majorly driven by the augmenting adoption of UUVs in deep-water offshore oil and gas exploration activities. This can be attributed to the augmenting demand for energy across the globe. In line with this, a considerable rise in defense expenses to modernize military forces is resulting in a higher product uptake for defense and security applications. Moreover, the expanding applications of automated unmanned vehicles (AUVs) and remotely operated vehicles (ROVs) in search, recognition, and localization applications are providing an impetus to the market growth. Besides this, the rapid utilization of underwater drones in oceanographic research activities is creating lucrative growth opportunities. The market is further driven by continual product innovations, such as the incorporation of artificial intelligence (AI) and machine learning (ML), and the advent of energy-efficient underwater drones. Some of the other factors creating a positive outlook for the market include rapid digitization, commercial aquaculture ventures for underwater farms, inflating disposable income levels, and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global underwater dronemarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, product type, propulsion system and application.
Breakup by Type:
Remotely Operated Vehicle (ROV)
Autonomous Underwater Vehicles (AUV)
Hybrid Vehicles
Breakup by Product Type:
Micro
Small and Medium
Light Work-Class
Heavy Work-Class
Breakup by Propulsion System:
Electric System
Mechanical System
Hybrid System
Breakup by Application:
Defence and Security
Scientific Research
Commercial Exploration
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ATLAS ELEKTRONIK GmbH (thyssenkrupp AG), Blueye Robotics, Deep Ocean Engineering Inc., Deep Trekker Inc. (Halma plc), General Dynamics Corporation, iBubble, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Oceaneering International Inc., Saab Seaeye Limited (Saab AB), Teledyne Marine (Teledyne Technologies Incorporated) and The Boeing Company.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Type, Product Type, Propulsion System, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
ATLAS ELEKTRONIK GmbH (thyssenkrupp AG), Blueye Robotics, Deep Ocean Engineering Inc., Deep Trekker Inc. (Halma plc), General Dynamics Corporation, iBubble, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Oceaneering International Inc., Saab Seaeye Limited (Saab AB), Teledyne Marine (Teledyne Technologies Incorporated) and The Boeing Company
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global underwater drone market was valued at US$ 4.1 Billion in 2023.
We expect the global underwater drone market to exhibit a CAGR of 8.7% during 2024-2032.
The rising demand for underwater drones to detect wrecks and rocks submerged in the sea, predict waterborne accidents, analyze wave currents and visual dead zones, etc., is primarily driving the global underwater drone market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for underwater drones.
Based on the type, the global underwater drone market can be categorized into Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), and hybrid vehicles. Currently, Remotely Operated Vehicle (ROV) holds the majority of the total market share.
Based on the propulsion system, the global underwater drone market has been segregated into electric system, mechanical system, and hybrid system. Among these, electric system currently exhibits a clear dominance in the market.
Based on the application, the global underwater drone market can be bifurcated into defence and security, scientific research, commercial exploration, and others. Currently, defence and security accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global underwater drone market include ATLAS ELEKTRONIK GmbH (thyssenkrupp AG), Blueye Robotics, Deep Ocean Engineering Inc., Deep Trekker Inc. (Halma plc), General Dynamics Corporation, iBubble, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Oceaneering International Inc., Saab Seaeye Limited (Saab AB), Teledyne Marine (Teledyne Technologies Incorporated), and The Boeing Company.
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