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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
Market Report I 2024-04-08 I 137 Pages I IMARC Group
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.
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 drone market 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.
Key Questions Answered in This Report
1. What was the size of the global underwater drone market in 2023?
2. What is the expected growth rate of the global underwater drone market during 2024-2032?
3. What are the key factors driving the global underwater drone market?
4. What has been the impact of COVID-19 on the global underwater drone market?
5. What is the breakup of the global underwater drone market based on the type?
6. What is the breakup of the global underwater drone market based on the propulsion system?
7. What is the breakup of the global underwater drone market based on the application?
8. What are the key regions in the global underwater drone market?
9. Who are the key players/companies in the global underwater drone market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Underwater Drone Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Remotely Operated Vehicle (ROV)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Autonomous Underwater Vehicles (AUV)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Hybrid Vehicles
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Product Type
7.1 Micro
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Small and Medium
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Light Work-Class
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Heavy Work-Class
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Propulsion System
8.1 Electric System
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mechanical System
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Hybrid System
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Defence and Security
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Scientific Research
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Commercial Exploration
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ATLAS ELEKTRONIK GmbH (thyssenkrupp AG)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Blueye Robotics
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Deep Ocean Engineering Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Deep Trekker Inc. (Halma plc)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 General Dynamics Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 iBubble
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Kongsberg Gruppen ASA
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Lockheed Martin Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Oceaneering International Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Saab Seaeye Limited (Saab AB)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Teledyne Marine (Teledyne Technologies Incorporated)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 The Boeing Company
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
Figure 1: Global: Underwater Drone Market: Major Drivers and Challenges
Figure 2: Global: Underwater Drone Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Underwater Drone Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Underwater Drone Market: Breakup by Type (in %), 2023
Figure 5: Global: Underwater Drone Market: Breakup by Product Type (in %), 2023
Figure 6: Global: Underwater Drone Market: Breakup by Propulsion System (in %), 2023
Figure 7: Global: Underwater Drone Market: Breakup by Application (in %), 2023
Figure 8: Global: Underwater Drone Market: Breakup by Region (in %), 2023
Figure 9: Global: Underwater Drone (Remotely Operated Vehicle (ROV)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Underwater Drone (Remotely Operated Vehicle (ROV)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Underwater Drone (Autonomous Underwater Vehicles (AUV)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Underwater Drone (Autonomous Underwater Vehicles (AUV)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Underwater Drone (Hybrid Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Underwater Drone (Hybrid Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Underwater Drone (Micro) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Underwater Drone (Micro) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Underwater Drone (Small and Medium) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Underwater Drone (Small and Medium) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Underwater Drone (Light Work-Class) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Underwater Drone (Light Work-Class) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Underwater Drone (Heavy Work-Class) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Underwater Drone (Heavy Work-Class) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Underwater Drone (Electric System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Underwater Drone (Electric System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Underwater Drone (Mechanical System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Underwater Drone (Mechanical System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Underwater Drone (Hybrid System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Underwater Drone (Hybrid System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Underwater Drone (Defence and Security) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Underwater Drone (Defence and Security) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Underwater Drone (Scientific Research) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Underwater Drone (Scientific Research) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Underwater Drone (Commercial Exploration) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Underwater Drone (Commercial Exploration) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Underwater Drone (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Underwater Drone (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: United States: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: United States: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Canada: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Canada: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Asia-Pacific: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Asia-Pacific: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: China: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: China: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Japan: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Japan: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: India: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: India: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: South Korea: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: South Korea: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Australia: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Australia: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Indonesia: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Indonesia: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Germany: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Germany: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: France: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: France: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: United Kingdom: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: United Kingdom: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Italy: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Italy: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Spain: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Spain: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Russia: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Russia: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Latin America: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Latin America: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Brazil: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Brazil: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Mexico: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Mexico: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Others: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Others: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Middle East and Africa: Underwater Drone Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Middle East and Africa: Underwater Drone Market: Breakup by Country (in %), 2023
Figure 85: Middle East and Africa: Underwater Drone Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Global: Underwater Drone Industry: SWOT Analysis
Figure 87: Global: Underwater Drone Industry: Value Chain Analysis
Figure 88: Global: Underwater Drone Industry: Porter's Five Forces Analysis
Table 1: Global: Underwater Drone Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Underwater Drone Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Underwater Drone Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 4: Global: Underwater Drone Market Forecast: Breakup by Propulsion System (in Million US$), 2024-2032
Table 5: Global: Underwater Drone Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Underwater Drone Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Underwater Drone Market: Competitive Structure
Table 8: Global: Underwater Drone Market: Key Players
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