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The underwater drone industry was worth $3.18B in 2023. Forecasts indicate that the underwater drone market will expand from $4.14 billion in 2024 to $15.10 billion in 2031, a CAGR (compound annual growth rate) of 18.50 percent from 2024 to 2031. Key market drivers boosting market growth include marine research, oil and gas, defense and security, commercial fishing and aquaculture, infrastructure inspection and maintenance, environmental monitoring and conservation, technological advancements, miniaturization and portability, search and rescue operations, and connectivity.
Among the many uses for underwater drones—which can collect data from a variety of sources thanks to their cameras, sensors, and sampling tools—are oceanographic studies, marine archaeology, mine countermeasures, reconnaissance, forward observation by the military, and offshore oil and gas exploration. When compared to human drivers, the underwater drone can cover more ground in less time. Also, it allows you to look at items or seabeds underwater much more closely.
In the past, researchers would send out ships to gather data from the oceans by releasing probes and drifters. Drones that operate underwater have made ocean research much easier in recent years. Drones designed specifically for use underwater are dependable, safe, and efficient robots that can descend to depths of thousands of meters to gather samples for scientific purposes. Port security, criminal investigations, search and recovery, training, and other defense and security applications can greatly benefit from underwater drones. As a result, militaries all around the globe are acquiring underwater drones to improve their capabilities in operations.
Rising demand for oceanographic research, defense and security applications, deep-water offshore oil and gas exploration, and government support for military modernization are expected to drive the global underwater drone market during the forecast period. Nevertheless, the worldwide underwater drone market is anticipated to face challenges in the next years due to the communication issues posed by AUVs.
Region, product type, application, propulsion system, and kind are the main dividing lines in the market. Specifically, ROVs, AUVs, and hybrid vehicles make up the subset of underwater vehicles that operate without human intervention. The market is divided into three sections based on propulsion system: electric, mechanical, and hybrid. Different sectors of the market are designated for different types of applications, including as defense and security, scientific research, commercial exploration, and others. Light work-class, micro, small and medium, and heavy work-class products are the main divisions of the market. North America, Europe, Asia-Pacific, and LAMEA are the regions that the market is examined according to.
The increasing need for marine research has led to a dramatic expansion in the market for underwater drones. Several factors have contributed to this surge in interest, and they all point to the critical role that underwater drones play in expanding our understanding of marine ecosystems. Concerns about ocean health and the need for responsible resource management have increased the prominence of marine research. Coral reefs and deep-sea trenches are only two of the many ecosystems supported by the seas, which encompass over 70% of the planet. Important functions performed by these ecosystems include controlling global temperatures and providing adequate food for billions of people. But they are in danger from a variety of sources, including pollution, overfishing, habitat loss, and climate change.
If marine scientists are serious about solving these issues and developing effective management and conservation strategies, they need to learn more about the ocean and its ecosystems. Underwater drones are a crucial component of this endeavor. They make possible what was once too expensive, too difficult, or even impossible ways for scientists to conduct experiments, collect data, and explore the depths of the ocean. The sensors, cameras, and sample tools on board the drones allow researchers to keep tabs on vital environmental factors including temperature, salinity, acidity, and marine life.
Report Coverage
Global Underwater Drone research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Underwater Drone report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Underwater Drone competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Underwater Drone market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Underwater Drone market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Underwater Drone market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Saab AB, Teledyne Technologies Inc., Oceaneering International Inc., Fugro N.V., Subsea 7 S.A., Ocean Infinity Ltd., Bluefin Robotics (now part of Huntington Ingalls Industries), ECA Group, DOF Subsea AS, Deep Ocean Engineering Inc., Forum Energy Technologies, HitecVision AS (Owner of Kongsberg Maritime), Ocean Aero Inc., Shark Robotics, Saipem S.p.A., VideoRay LLC, Kystdesign AS, Blue Robotics, Deep Trekker Inc., Aquabotix Technology Corporation.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Underwater Drone market based on the below-mentioned segments:
Global Underwater Drone Market, By Type
Remotely Operated Vehicle (ROV)
Autonomous Underwater Vehicle (AUV)
Hybrid Vehicles
Global Underwater Drone market, By Application
Defense and Security
Scientific Research
Commercial Exploration
Others
Global Underwater Drone Market, By Propulsion System
Electric System
Mechanical System
Hybrid System
Global Underwater Drone market, Regional Analysis
Among the many uses for underwater drones—which can collect data from a variety of sources thanks to their cameras, sensors, and sampling tools—are oceanographic studies, marine archaeology, mine countermeasures, reconnaissance, forward observation by the military, and offshore oil and gas exploration. When compared to human drivers, the underwater drone can cover more ground in less time. Also, it allows you to look at items or seabeds underwater much more closely.
In the past, researchers would send out ships to gather data from the oceans by releasing probes and drifters. Drones that operate underwater have made ocean research much easier in recent years. Drones designed specifically for use underwater are dependable, safe, and efficient robots that can descend to depths of thousands of meters to gather samples for scientific purposes. Port security, criminal investigations, search and recovery, training, and other defense and security applications can greatly benefit from underwater drones. As a result, militaries all around the globe are acquiring underwater drones to improve their capabilities in operations.
Rising demand for oceanographic research, defense and security applications, deep-water offshore oil and gas exploration, and government support for military modernization are expected to drive the global underwater drone market during the forecast period. Nevertheless, the worldwide underwater drone market is anticipated to face challenges in the next years due to the communication issues posed by AUVs.
Region, product type, application, propulsion system, and kind are the main dividing lines in the market. Specifically, ROVs, AUVs, and hybrid vehicles make up the subset of underwater vehicles that operate without human intervention. The market is divided into three sections based on propulsion system: electric, mechanical, and hybrid. Different sectors of the market are designated for different types of applications, including as defense and security, scientific research, commercial exploration, and others. Light work-class, micro, small and medium, and heavy work-class products are the main divisions of the market. North America, Europe, Asia-Pacific, and LAMEA are the regions that the market is examined according to.
The increasing need for marine research has led to a dramatic expansion in the market for underwater drones. Several factors have contributed to this surge in interest, and they all point to the critical role that underwater drones play in expanding our understanding of marine ecosystems. Concerns about ocean health and the need for responsible resource management have increased the prominence of marine research. Coral reefs and deep-sea trenches are only two of the many ecosystems supported by the seas, which encompass over 70% of the planet. Important functions performed by these ecosystems include controlling global temperatures and providing adequate food for billions of people. But they are in danger from a variety of sources, including pollution, overfishing, habitat loss, and climate change.
If marine scientists are serious about solving these issues and developing effective management and conservation strategies, they need to learn more about the ocean and its ecosystems. Underwater drones are a crucial component of this endeavor. They make possible what was once too expensive, too difficult, or even impossible ways for scientists to conduct experiments, collect data, and explore the depths of the ocean. The sensors, cameras, and sample tools on board the drones allow researchers to keep tabs on vital environmental factors including temperature, salinity, acidity, and marine life.
Report Coverage
Global Underwater Drone research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Underwater Drone report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Underwater Drone competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Underwater Drone market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Saab AB, Teledyne Technologies Inc., Oceaneering International Inc., Fugro N.V., Subsea 7 S.A., Ocean Infinity Ltd., Bluefin Robotics (now part of Huntington Ingalls Industries), ECA Group, DOF Subsea AS, Deep Ocean Engineering Inc., Forum Energy Technologies, HitecVision AS (Owner of Kongsberg Maritime), Ocean Aero Inc., Shark Robotics, Saipem S.p.A., VideoRay LLC, Kystdesign AS, Blue Robotics, Deep Trekker Inc., Aquabotix Technology Corporation. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Underwater Drone Market from 2021 to 2031.
- Market Forecast for Underwater Drone Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Underwater Drone competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Underwater Drone
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Underwater Drone market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Underwater Drone market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Saab AB, Teledyne Technologies Inc., Oceaneering International Inc., Fugro N.V., Subsea 7 S.A., Ocean Infinity Ltd., Bluefin Robotics (now part of Huntington Ingalls Industries), ECA Group, DOF Subsea AS, Deep Ocean Engineering Inc., Forum Energy Technologies, HitecVision AS (Owner of Kongsberg Maritime), Ocean Aero Inc., Shark Robotics, Saipem S.p.A., VideoRay LLC, Kystdesign AS, Blue Robotics, Deep Trekker Inc., Aquabotix Technology Corporation.
Primary Target Market
- Market Players of Underwater Drone
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Underwater Drone market based on the below-mentioned segments:
Global Underwater Drone Market, By Type
Remotely Operated Vehicle (ROV)
Autonomous Underwater Vehicle (AUV)
Hybrid Vehicles
Global Underwater Drone market, By Application
Defense and Security
Scientific Research
Commercial Exploration
Others
Global Underwater Drone Market, By Propulsion System
Electric System
Mechanical System
Hybrid System
Global Underwater Drone market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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