Product Code: A08682
Underwater drones are unmanned underwater vehicles designed to enhance the analysis of what lies below the oceans, seas, and rivers. Underwater drones dive deep down the oceans and help locate and detect the oil & gas reserves, marine life, submerged archaeological sites, and temperature variations. The sensors, manipulator arms, cameras, and other equipment fitted on underwater drones simplify inspection and surveillance tasks for oil & gas companies and defense forces. This boosts the demand for underwater drones globally. An increase in defense expenses to strengthen the armed forces, a rise in offshore oil & gas exploration activities, and a surge in demand for oceanographic research to assess the oceans are anticipated to drive the growth of the global underwater drone market during the forecast period. However, the challenges associated with underwater communications are anticipated to hinder market growth during the forecast years.
Moreover, Asia-Pacific was the second highest revenue contributor in the underwater drone market due to several countries increasing their military dominance in the region. China sends underwater drones across different places for spying purposes to better understand the military activities and developments of other countries. To counter the rise in interference of the Chinese army, countries such as India and Japan have started the development and procurement of underwater drones in the region. For instance, in September 2022, The Chinese Navy developed extra-large unmanned underwater vehicles (XLUUVs), seen as a key part of the country's future naval fleet. It is around 16 meters (52 feet) long and appears to have two propellers. Its size is similar to the US Navy's Orca XLUUV developed by Boeing.
The market is segmented into type, propulsion system, application, product type, and region. The type of segment is further divided into remotely operated vehicle (ROV), autonomous underwater vehicles (AUV), and hybrid vehicles. By propulsion system, the market is segmented into electric system, mechanical system, and hybrid system. By application, the market is segmented into defense & security, scientific research, commercial exploration, and others. By product type, the market is segmented into micro, small and medium, light work class, and heavy work class. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report includes a study of the underwater drone market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Competitive analysis and profiles of the major underwater drone market players include: The Boeing Company, Lockheed Martin Corporation, Bluefin Robotics, Saab Seaeye Ltd, Teledyne Marine Group, Kongsberg Maritime, Oceaneering International, Inc., TechnipFMC plc, ECA Group, and Deep Ocean Engineering, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the underwater drone market analysis from 2021 to 2031 to identify the prevailing underwater drone market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the underwater drone market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global underwater drone market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Micro
- Small and Medium
- Light Work-Class
- Heavy Work-Class
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 Region
- North America
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Bluefin Robotics Corporation
- ECA Group
- kongsberg maritime
- Oceaneering International, Inc.
- Saab Seaeye Ltd
- TechnipFMC plc
- The Boeing Company
- Deep Ocean Engineering, Inc.
- Lockheed Martin Corporation
- teledyne marine
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Market dynamics
- 3.4.1.Drivers
- 3.4.1.1. Rise in demand for oceanographic research
- 3.4.1.2. Government support for strengthening undersea warfare capabilities
- 3.4.1.3. Rise in deep-water offshore oil & gas exploration
- 3.4.1.4. Rise in demand for underwater drones for defense and security applications
- 3.4.2.Restraints
- 3.4.2.1. High cost
- 3.4.2.2. Communication problems associated with AUVs
- 3.4.3.Opportunities
- 3.4.3.1. Rise in the adoption of underwater drones by the developing countries
- 3.4.3.2. Advent of energy-efficient underwater drones
- 3.4.3.3. Advancement of Underwater AI Systems for Autonomous Underwater Vehicles
- 3.5.COVID-19 Impact Analysis on the market
CHAPTER 4: UNDERWATER DRONE MARKET, BY APPLICATION
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2. Defense and Security
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3. Scientific Research
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4. Commercial Exploration
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
- 4.5. Others
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market share analysis by country
CHAPTER 5: UNDERWATER DRONE MARKET, BY TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2. Remotely Operated Vehicle (ROV)
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3. Autonomous Underwater Vehicle (AUV)
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4. Hybrid Vehicles
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
CHAPTER 6: UNDERWATER DRONE MARKET, BY PROPULSION SYSTEM
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2. Electric System
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3. Mechanical System
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
- 6.4. Hybrid System
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market share analysis by country
CHAPTER 7: UNDERWATER DRONE MARKET, BY PRODUCT TYPE
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2. Micro
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
- 7.3. Small and Medium
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
- 7.4. Light Work-Class
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market share analysis by country
- 7.5. Heavy Work-Class
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market share analysis by country
CHAPTER 8: UNDERWATER DRONE MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Application
- 8.2.3 North America Market size and forecast, by Type
- 8.2.4 North America Market size and forecast, by Propulsion System
- 8.2.5 North America Market size and forecast, by Product Type
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Key market trends, growth factors and opportunities
- 8.2.6.1.2 Market size and forecast, by Application
- 8.2.6.1.3 Market size and forecast, by Type
- 8.2.6.1.4 Market size and forecast, by Propulsion System
- 8.2.6.1.5 Market size and forecast, by Product Type
- 8.2.6.2 Canada
- 8.2.6.2.1 Key market trends, growth factors and opportunities
- 8.2.6.2.2 Market size and forecast, by Application
- 8.2.6.2.3 Market size and forecast, by Type
- 8.2.6.2.4 Market size and forecast, by Propulsion System
- 8.2.6.2.5 Market size and forecast, by Product Type
- 8.2.6.3 Mexico
- 8.2.6.3.1 Key market trends, growth factors and opportunities
- 8.2.6.3.2 Market size and forecast, by Application
- 8.2.6.3.3 Market size and forecast, by Type
- 8.2.6.3.4 Market size and forecast, by Propulsion System
- 8.2.6.3.5 Market size and forecast, by Product Type
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Application
- 8.3.3 Europe Market size and forecast, by Type
- 8.3.4 Europe Market size and forecast, by Propulsion System
- 8.3.5 Europe Market size and forecast, by Product Type
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 UK
- 8.3.6.1.1 Key market trends, growth factors and opportunities
- 8.3.6.1.2 Market size and forecast, by Application
- 8.3.6.1.3 Market size and forecast, by Type
- 8.3.6.1.4 Market size and forecast, by Propulsion System
- 8.3.6.1.5 Market size and forecast, by Product Type
- 8.3.6.2 Germany
- 8.3.6.2.1 Key market trends, growth factors and opportunities
- 8.3.6.2.2 Market size and forecast, by Application
- 8.3.6.2.3 Market size and forecast, by Type
- 8.3.6.2.4 Market size and forecast, by Propulsion System
- 8.3.6.2.5 Market size and forecast, by Product Type
- 8.3.6.3 France
- 8.3.6.3.1 Key market trends, growth factors and opportunities
- 8.3.6.3.2 Market size and forecast, by Application
- 8.3.6.3.3 Market size and forecast, by Type
- 8.3.6.3.4 Market size and forecast, by Propulsion System
- 8.3.6.3.5 Market size and forecast, by Product Type
- 8.3.6.4 Russia
- 8.3.6.4.1 Key market trends, growth factors and opportunities
- 8.3.6.4.2 Market size and forecast, by Application
- 8.3.6.4.3 Market size and forecast, by Type
- 8.3.6.4.4 Market size and forecast, by Propulsion System
- 8.3.6.4.5 Market size and forecast, by Product Type
- 8.3.6.5 Rest of Europe
- 8.3.6.5.1 Key market trends, growth factors and opportunities
- 8.3.6.5.2 Market size and forecast, by Application
- 8.3.6.5.3 Market size and forecast, by Type
- 8.3.6.5.4 Market size and forecast, by Propulsion System
- 8.3.6.5.5 Market size and forecast, by Product Type
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Application
- 8.4.3 Asia-Pacific Market size and forecast, by Type
- 8.4.4 Asia-Pacific Market size and forecast, by Propulsion System
- 8.4.5 Asia-Pacific Market size and forecast, by Product Type
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Key market trends, growth factors and opportunities
- 8.4.6.1.2 Market size and forecast, by Application
- 8.4.6.1.3 Market size and forecast, by Type
- 8.4.6.1.4 Market size and forecast, by Propulsion System
- 8.4.6.1.5 Market size and forecast, by Product Type
- 8.4.6.2 India
- 8.4.6.2.1 Key market trends, growth factors and opportunities
- 8.4.6.2.2 Market size and forecast, by Application
- 8.4.6.2.3 Market size and forecast, by Type
- 8.4.6.2.4 Market size and forecast, by Propulsion System
- 8.4.6.2.5 Market size and forecast, by Product Type
- 8.4.6.3 Japan
- 8.4.6.3.1 Key market trends, growth factors and opportunities
- 8.4.6.3.2 Market size and forecast, by Application
- 8.4.6.3.3 Market size and forecast, by Type
- 8.4.6.3.4 Market size and forecast, by Propulsion System
- 8.4.6.3.5 Market size and forecast, by Product Type
- 8.4.6.4 South Korea
- 8.4.6.4.1 Key market trends, growth factors and opportunities
- 8.4.6.4.2 Market size and forecast, by Application
- 8.4.6.4.3 Market size and forecast, by Type
- 8.4.6.4.4 Market size and forecast, by Propulsion System
- 8.4.6.4.5 Market size and forecast, by Product Type
- 8.4.6.5 Rest of Asia-Pacific
- 8.4.6.5.1 Key market trends, growth factors and opportunities
- 8.4.6.5.2 Market size and forecast, by Application
- 8.4.6.5.3 Market size and forecast, by Type
- 8.4.6.5.4 Market size and forecast, by Propulsion System
- 8.4.6.5.5 Market size and forecast, by Product Type
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Application
- 8.5.3 LAMEA Market size and forecast, by Type
- 8.5.4 LAMEA Market size and forecast, by Propulsion System
- 8.5.5 LAMEA Market size and forecast, by Product Type
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Key market trends, growth factors and opportunities
- 8.5.6.1.2 Market size and forecast, by Application
- 8.5.6.1.3 Market size and forecast, by Type
- 8.5.6.1.4 Market size and forecast, by Propulsion System
- 8.5.6.1.5 Market size and forecast, by Product Type
- 8.5.6.2 Middle East
- 8.5.6.2.1 Key market trends, growth factors and opportunities
- 8.5.6.2.2 Market size and forecast, by Application
- 8.5.6.2.3 Market size and forecast, by Type
- 8.5.6.2.4 Market size and forecast, by Propulsion System
- 8.5.6.2.5 Market size and forecast, by Product Type
- 8.5.6.3 Africa
- 8.5.6.3.1 Key market trends, growth factors and opportunities
- 8.5.6.3.2 Market size and forecast, by Application
- 8.5.6.3.3 Market size and forecast, by Type
- 8.5.6.3.4 Market size and forecast, by Propulsion System
- 8.5.6.3.5 Market size and forecast, by Product Type
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
- 10.1 Bluefin Robotics Corporation
- 10.1.1 Company overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Operating business segments
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Key strategic moves and developments
- 10.2 ECA Group
- 10.2.1 Company overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Operating business segments
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Key strategic moves and developments
- 10.3 kongsberg maritime
- 10.3.1 Company overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Operating business segments
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Key strategic moves and developments
- 10.4 Oceaneering International, Inc.
- 10.4.1 Company overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Operating business segments
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Key strategic moves and developments
- 10.5 Saab Seaeye Ltd
- 10.5.1 Company overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Operating business segments
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Key strategic moves and developments
- 10.6 TechnipFMC plc
- 10.6.1 Company overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Operating business segments
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Key strategic moves and developments
- 10.7 The Boeing Company
- 10.7.1 Company overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Operating business segments
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Key strategic moves and developments
- 10.8 Deep Ocean Engineering, Inc.
- 10.8.1 Company overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Operating business segments
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Key strategic moves and developments
- 10.9 Lockheed Martin Corporation
- 10.9.1 Company overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Operating business segments
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Key strategic moves and developments
- 10.10 teledyne marine
- 10.10.1 Company overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Operating business segments
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Key strategic moves and developments