USD 4.17 billion
Global Underwater Drone Market Size, Share, Growth Analysis, By Type(Autonomous Underwater Vehicles (AUV), Remotely Operated Vehicles (ROV).), By Application(Defense and Security, Scientific Research) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2204 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
63 |
Figures:
75
Global Underwater Drone Market Insights
Global Underwater Drone Market size was valued at USD 4.17 billion in 2022 and is poised to grow from USD 4.83 billion in 2023 to USD 15.74 billion by 2031, growing at a CAGR of 15.9% in the forecast period (2024-2031).
The U.S. Telehealth market has experienced an extremely good transformation, turning into a cornerstone of the healthcare ecosystem. Telehealth refers to the use of virtual technologies, consisting of videoconferencing and remote monitoring, to provide healthcare services remotely. This market has witnessed exponential increase, driven by a convergence of things.
Firstly, the COVID-19 pandemic catalyzed the adoption of telehealth answers as a way to supply hospital therapy even as minimizing in-individual interactions. This crisis underscored the significance of telehealth in making sure patients get right of entry to healthcare services at some stage in emergencies and past.
Secondly, the enormous availability of smartphones and high-speed net connectivity has made telehealth greater handy to patients, permitting consultations with healthcare providers from the comfort in their homes. Moreover, regulatory modifications and repayment rules, consisting of multiplied coverage by using insurance providers and federal packages, have facilitated the speedy expansion of telehealth services.
The U.S. Telehealth marketplace spans a wide range of medical specialties, such as primary care, mental health, dermatology, and chronic ailment management. It has no longer handiest improved get entry to to take care of underserved populations but additionally decreased healthcare charges by putting off the need for bodily facilities and reducing patient journey time.
Looking beforehand, the U.S. Telehealth marketplace is poised for persevered boom and innovation, with the capacity to reshape the healthcare panorama, growth healthcare performance, and decorate affected person effects. However, challenges consisting of data protection, licensure rules, and equitable right of entry to technology need to be addressed to liberate the full capability of telehealth in the United States.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Autonomous Underwater Vehicles (AUVs)
Fastest Growth
Autonomous Underwater Vehicles (AUVs)
Growth Rate
15.9% CAGR
Global Underwater Drone Market ($ Bn)
Country Share for North America Region (%)
Global Underwater Drone Market By Product Type ($ Bn)
Global Underwater Drone Market By Product Type (%)
To get more reports on the above market click here to Buy The Report
Global Underwater Drone Market Segmental Analysis
The worldwide underwater drone marketplace is segmented through product kind, utility, and vicinity. Based on product kind the market is segmented as, Autonomous Underwater Vehicles (AUV), Remotely Operated Vehicles (ROV). Based on Application the market is segmented as, Defense and Security, Scientific Research, Commercial Exploration, Others.Regional the market is segmented as, North America, Europe, Asia-Pacific, and Latin America.
Analysis By Product Type
In the underwater drone market, the "Autonomous Underwater Vehicles (AUVs)" phase is rising because of the dominating force. AUVs are characterized by their self reliant navigation skills and the potential to perform without direct human intervention. Their versatility and autonomy lead them nicely-ideal for a huge variety of programs, such as medical studies, environmental tracking, marine exploration, and protection. AUVs are regularly used for tasks which include seafloor mapping, underwater archaeology, and records collection in faraway and hard underwater environments. Their developing recognition is attributed to improvements in AI, sensor era, and advanced underwater verbal exchange structures, enabling them to perform efficiently and accumulate valuable statistics autonomously.
Conversely, while the AUV segment dominates, the "Remotely Operated Vehicles (ROVs)" segment remains a vital element of the underwater drone market. ROVs are managed by means of human operators from the surface and are normally utilized in responsibilities that require actual-time control and precision, including underwater inspections, offshore oil and fuel operations, and subsea construction. While ROVs won't be as self-sustaining as AUVs, they provide unique maneuverability and versatility for unique programs. Both segments cater to wonderful wishes inside the underwater drone market, with AUVs mainly in terms of standard market percentage and ROVs serving vital roles in various industries.
Analysis By Application
In the underwater drone market, the "Commercial Exploration" segment is currently dominating due to its diverse applications and increasing demand across industries. Commercial exploration underwater drones are employed in tasks such as offshore oil and gas exploration, underwater mining, marine archaeology, and aquaculture.The want for green and value-powerful strategies of exploring and utilising underwater assets has propelled the growth of this segment.
Simultaneously, the "Defense and Security" segment represents the fastest-growing phase in the underwater drone market. This boom is attributed to the growing safety concerns in maritime territories and the want for effective surveillance, reconnaissance, and protection operations in naval environments. Underwater drones are increasingly used for tasks along with submarine monitoring, mine detection and clearance, harbor and coastal safety, and intelligence accumulating. The improvement of superior underwater drones geared up with excessive-decision cameras, sonar systems, and self reliant navigation abilities has considerably increased their software in defense and security programs. As a result, the defense and security segment is predicted to witness strong increase in the foreseeable destiny, driven by using the evolving global safety panorama.
Global Underwater Drone Market By Product Type , 2022 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Underwater Drone Market Regional Insights
In the underwater drone marketplace, North America stands as the biggest and most influential location, with America at the vanguard. The United States boasts a strong maritime industry, a sizable defense and protection sector, and a thriving environment of era corporations focusing on underwater drones. Its shoreline and considerable territorial waters provide enough opportunities for packages ranging from offshore oil and gasoline exploration to defense and medical research. The presence of key industry players and widespread investments in marine robotics and self reliant systems further solidify the region's management within the underwater drone market.
The 2nd-biggest place in the underwater drone marketplace is Europe, with Norway being a key contributor. Norway's massive coastline, maritime industries, and energetic participation in marine research make it a distinguished participant in the European underwater drone marketplace. Norwegian businesses have advanced underwater drone technology used in offshore sports and environmental research. Additionally, the European Union's emphasis on marine environmental conservation and sustainable fishing practices has fostered the adoption of underwater drones for tracking and research functions within the area. Europe's dedication to marine exploration and conservation positions it as a tremendous participant within the international underwater drone marketplace.
Global Underwater Drone Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Underwater Drone Market Dynamics
Drivers
Growing Demand for Marine Research:
- Increasing hobbies in marine exploration, oceanography, and marine biology has pushed the demand for underwater drones in scientific studies. These drones provide scientists with a fee-effective and green method of analyzing and tracking marine ecosystems, species, and underwater environments.
Expanding Commercial Exploration:
- The offshore oil and gasoline enterprise, as well as the mining quarter, have embraced underwater drones for exploration, inspection, and renovation purposes. The cost-effectiveness and precision of these drones have proven valuable in these industries.
Restraints
Challenging Environmental Conditions:
- Operating in underwater environments presents particular challenges, which include severe pressures, corrosive saltwater, and restrained visibility. These situations can pressure the sturdiness and overall performance of underwater drones.
Regulatory Hurdles:
- Navigating regulatory frameworks for underwater drone operations, specifically in global waters, can be complicated. Compliance with policies related to maritime boundaries, environmental protection, and navigation is crucial.
Request Free Customization of this report to help us to meet your business objectives.
Global Underwater Drone Market Competitive Landscape
The aggressive panorama of the underwater drone marketplace is characterized by means of a combination of set up industry players, generation companies, and area of interest specialists. Several key elements impact the aggressive dynamics within this marketplace. Established corporations with a record in marine technology, defense, and underwater exploration, together with Lockheed Martin Corporation, Teledyne Technologies Incorporated, and Saab Group, keep a good sized market percentage because of their knowledge, longstanding presence, and complete product portfolios.
Top Player’s Company Profile
- 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.
- Saipem S.p.A.
- VideoRay LLC
- Kystdesign AS
- Blue Robotics
- Deep Trekker Inc.
- Aquabotix Technology Corporation
Recent Developments
- In April 2024, Northrop Grumman unveiled its prototype unmanned underwater vehicle—the Manta Ray. The drone, which looks like a real manta ray, is an example of biomimicry.
- In March 2024, Huntington Ingalls Industries, Inc. (HII), the largest military shipbuilding company in the United States, won a contract to build a REMUS 620 uncrewed underwater vehicle (UUV) for a client in the Indo-Pacific Region, set for delivery later this year, that will be used for monitoring and data collection missions.
- In February 2024, Kongsberg Discovery was awarded a significant contract by the Defense Innovation Unit (DIU) to improve the U.S. Navy’s undersea operations capabilities. The 24-month contract intends to accelerate the use of state-of-the-art HUGIN Autonomous Underwater Vehicle (AUV) technology for vital navy operations.
Global Underwater Drone Key Market Trends
- Autonomous Navigation: The development of advanced self reliant navigation systems for underwater drones changed into a significant fashion. These systems allow drones to carry out complex responsibilities with minimum human intervention, making underwater exploration and data collection extra efficient and cost-effective.
- Miniaturization and Portability: There became a trend closer to smaller and greater transportable underwater drones. These miniaturized drones are easier to deploy and maneuver in tight spaces, making them suitable for a wider range of applications, including underwater inspections and research in confined environments.
Global Underwater Drone Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component type’s team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global underwater drone market analysis; the underwater drone market is experiencing remarkable growth worldwide, driven by a convergence of factors that are reshaping the maritime and underwater exploration landscape. Geographically, North America, with the United States at the forefront, is a dominant force in the market. Its strong maritime industry, advanced technological ecosystem, and defense sector have fostered extensive applications for underwater drones. Segment-wise, the market is categorized into various segments such as "Scientific Research," "Defense and Security," "Commercial Exploration," and more. The "Commercial Exploration" segment is particularly dominant, as underwater drones prove instrumental in offshore oil and gas exploration, mining activities, and underwater infrastructure inspection. Several drivers propel this market's expansion. The increasing demand for marine research, expanding applications in commercial sectors, and technological advancements, including improved battery life and navigation systems, are key growth catalysts. Additionally, the heightened emphasis on maritime security and defense has driven the adoption of underwater drones for surveillance, reconnaissance, and protection purposes. These combined factors are shaping the underwater drone market's promising trajectory.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.17 billion |
| Market size value in 2031 | USD 15.74 billion |
| Growth Rate | 15.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Underwater Drone Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Underwater Drone Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Underwater Drone Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Underwater Drone Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Underwater Drone Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Underwater Drone Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Underwater Drone Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
