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The market for underwater drones is driven by the rising use of the product for observation, data collection, and intelligence. The product comes in two types, such as remotely operated vehicles and autonomous underwater vehicles. The growing demand for both, the autonomous variant for underwater surveys and remote variant for robotic control, are aiding the market growth of the product. The latter one is used for vessel hull inspections, object identification, and site exploration. The rising underwater activities and requirement to observe and detect such activities have catalysed the market growth for underwater drones. The market is expected to expand over the forecast period.
The market is led by the industry key players like Oceaneering International, Inc. (NYSE: OII), and Robosea. In May 2017, Robosea, an underwater drone company, introduced its new product robot fish with 4K camera in the market, which is an underwater drone named as BIKI. It primarily allows users to see beyond the normal vision in the sea, which makes for an interesting view, along with BIKI’s built-in 4K lens, which has a stabilizer and 32 GB internal memory to record anything and everything its robotic eyes sees. Such innovations are expected to aid the market growth for underwater drones in the forecast period.
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Deep Trekker Inc., ECA Group, PowerVision Inc., Atlas Elektronik GmbH, Kongsberg Gruppen ASA, and Oceaneering International, Inc., among others, are the key players in the global underwater drones market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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