Global Underwater Drone Market Size Study, By Application (Defense and Security, Scientific Research, Commercial Exploration, Others), By Type (Remotely Operated Vehicle, Autonomous Underwater Vehicle, Hybrid Vehicles), By Propulsion System (Electric Syst

Global Underwater Drone Market Size Study, By Application (Defense and Security, Scientific Research, Commercial Exploration, Others), By Type (Remotely Operated Vehicle, Autonomous Underwater Vehicle, Hybrid Vehicles), By Propulsion System (Electric System, Mechanical System, Hybrid System), By Product Type (Micro, Small and Medium, Light Work-Class, Heavy Work-Class) 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.

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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
9.2. 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
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
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.
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
List of Tables
TABLE 1. Global Underwater Drone Market, Report Scope
TABLE 2. Global Underwater Drone Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Underwater Drone Market Estimates & Forecasts by Application 2022-2032 (USD Billion)
TABLE 4. Global Underwater Drone Market Estimates & Forecasts by Type 2022-2032 (USD Billion)
TABLE 5. Global Underwater Drone Market Estimates & Forecasts by Propulsion System 2022-2032 (USD Billion)
TABLE 6. Global Underwater Drone Market Estimates & Forecasts by Product Type 2022-2032 (USD Billion)
TABLE 7. Global Underwater Drone Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Underwater Drone Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Underwater Drone Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Underwater Drone Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Underwater Drone Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Underwater Drone Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Underwater Drone Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Underwater Drone Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Underwater Drone Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Underwater Drone Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 17. U.S. Underwater Drone Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 18. Canada Underwater Drone Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Underwater Drone Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 20. Canada Underwater Drone Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Underwater Drone Market, Research Methodology
FIGURE 2. Global Underwater Drone Market, Market Estimation Techniques
FIGURE 3. Global Market Size Estimates & Forecast Methods.
FIGURE 4. Global Underwater Drone Market, Key Trends 2023
FIGURE 5. Global Underwater Drone Market, Growth Prospects 2022-2032
FIGURE 6. Global Underwater Drone Market, Porter’s 5 Force Model
FIGURE 7. Global Underwater Drone Market, PESTEL Analysis
FIGURE 8. Global Underwater Drone Market, Value Chain Analysis
FIGURE 9. Global Underwater Drone Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 10. Global Underwater Drone Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 11. Global Underwater Drone Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 12. Global Underwater Drone Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 13. Global Underwater Drone Market by Segment, 2022 & 2032 (USD Billion)
FIGURE 14. Global Underwater Drone Market, Regional Snapshot 2022 & 2032
FIGURE 15. North America Underwater Drone Market 2022 & 2032 (USD Billion)
FIGURE 16. Europe Underwater Drone Market 2022 & 2032 (USD Billion)
FIGURE 17. Asia Pacific Underwater Drone Market 2022 & 2032 (USD Billion)
FIGURE 18. Latin America Underwater Drone Market 2022 & 2032 (USD Billion)
FIGURE 19. Middle East & Africa Underwater Drone Market 2022 & 2032 (USD Billion)
FIGURE 20. Global Underwater Drone Market, Company Market Share Analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.

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