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Global Underwater Drone Market: By Type: Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), Hybrid Vehicles; By Product Type; By Propulsion System; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Underwater Drone Market Outlook

The global underwater drone market attained a value of more than USD 3.355 billion in 2021. The market is expected to grow at a CAGR of 12% in the forecast period of 2022-2027 to account for a value of over USD 6.64 billion by 2027.

 

Underwater Drones Market

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Increasing Applications of the Autonomous Underwater Vehicles (AUV) in Oceanographic Studies to Bolster the Market Growth

Based on type, the autonomous underwater vehicles (AUV) is significantly contributing to the growth of the market. AUVs are a crucial component in oceanographic studies as they are used for data collection, exploration, and can create 3D reconstructions or maps. Over the forecast period,  AUVs are likely to witness a significant demand from the oil and gas industry, owing to the ability of the product to inspect and repair submerged infrastructures, which, in turn, is anticipated to propel the market growth. In addition to this, the rising applications of AUVs in search, recognition, and localisation tasks is further predicted to have a positive impact on the growth of the market.

Apart from this,  remotely operated vehicle (ROV) is likely to witness significant growth in the forecast period, owing to its rising applications in offshore industries, including the maintenance of marine structures, marine sciences, naval defence, marine renewable energy, and scientific purposes.

 

North America is Projected to Account for a Significant Share in the Market Growth of Underwater Drones

In the coming years, North America is likely to occupy a substantial share in the overall market growth of underwater drones. This can be associated with the  growing demand for underwater drones for  ocean exploration in the region.  In addition to this, the rising investments and advancements towards expanding the capabilities of AUVs and ROVs, for better exploration, more extended operations, and precise data collection is likely to provide impetus to the market growth in the forecast period. The market is further anticipated to be aided by the rising demand for REMUS AUVs in the United States for the purpose of detecting mines, surveying, and mapping the areas.

 

Underwater Drone: Market Segmentation

An underwater drone is defined as an unmanned miniature submarine, which is controlled by computers and sensors. The underwater drones are usually equipped with cameras and manipulator arms and are used for carrying out ocean exploration.

 

Underwater Drones Market by Application

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Based on type, the market is divided into:

  • Remotely Operated Vehicle (ROV)
  • Autonomous Underwater Vehicles (AUV)
  • Hybrid Vehicles

On the basis of product type, the market  is segmented into:

  • Micro
  • Small and Medium
  • Light Work-Class
  • Heavy Work-Class

By propulsion system, the product can be classified into:

  • Electric System
  • Mechanical System
  • Hybrid System

The significant applications of  underwater drones include:

  • Defence and Security
  • Scientific Research
  • Commercial Exploration
  • Others

The EMR report looks into the regional markets for the underwater drones like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Underwater Drones Market by Region

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Rising Application of the Product in Defence and Security to Boost the Growth of the Market

The global underwater drone industry is driven by the rising demand for the product in the defence and security applications. Underwater drones are crucial machinery that can be helpful at the time of ocean warfare. It can detect an ocean mine effectively within 24 hours, thereby boosting national security, and adding to the market growth. Over the forecast period, the growing adoption of underwater drones by the naval forces of major developed or developing economies of the world to enhance the country’s naval capabilities, is likely to have a substantial impact on the market growth. The market is expected to be further catalysed by the rising maritime budgets of the emerging economies, owing to the growing risk of international conflicts. These factors are thus collectively invigorating the growth of the market.

 

Key Industry Players in the Global Underwater Drone Market

The report gives a detailed analysis of the following key players in the global underwater drone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ECA Group
  • Saab Seaeye Ltd.
  • Atlas Elektronik GmbH
  • Deep Trekker Inc.
  • Kongsberg Gruppen ASA
  • Oceaneering International, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Product Type, Propulsion System, Application, Region
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ECA Group, Saab Seaeye Ltd., Atlas Elektronik GmbH, Deep Trekker Inc., Kongsberg Gruppen ASA, Oceaneering International, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Underwater Drone Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Underwater Drone Historical Market (2017-2021) 
    8.3    Global Underwater Drone Market Forecast (2022-2027)
    8.4    Global Underwater Drone Market by Type
        8.4.1    Remotely Operated Vehicle (ROV)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Autonomous Underwater Vehicles (AUV)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Hybrid Vehicles
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Underwater Drone Market by Product Type
        8.5.1    Micro
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Small and Medium
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Light Work-Class
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Heavy Work-Class
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Underwater Drone Market by Propulsion System
        8.6.1    Electric System
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Mechanical System
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Hybrid System
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    Global Underwater Drone Market by Application
        8.7.1    Defence and Security
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Scientific Research
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Commercial Exploration
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Others
    8.8    Global Underwater Drone Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ECA Group
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Saab Seaeye Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Atlas Elektronik GmbH
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Deep Trekker Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Kongsberg Gruppen ASA
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Oceaneering International, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Underwater Drone Market: Key Industry Highlights, 2017 and 2027
2.    Global Underwater Drone Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Underwater Drone Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Underwater Drone Historical Market: Breakup by Product Type (USD Billion), 2017-2021
5.    Global Underwater Drone Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
6.    Global Underwater Drone Historical Market: Breakup by Propulsion System (USD Billion), 2017-2021
7.    Global Underwater Drone Market Forecast: Breakup by Propulsion System (USD Billion), 2022-2027
8.    Global Underwater Drone Historical Market: Breakup by Application (USD Billion), 2017-2021
9.    Global Underwater Drone Market Forecast: Breakup by Application (USD Billion), 2022-2027
10.    Global Underwater Drone Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Underwater Drone Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Underwater Drone Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Underwater Drone Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Underwater Drone Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Underwater Drone Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Underwater Drone Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Underwater Drone Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Underwater Drone Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Underwater Drone Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Underwater Drone Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Underwater Drone Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Underwater Drone Market Structure

Key Questions Answered in the Report

In 2021, the global underwater drone market attained a value of more than USD 3.355 billion.

The market is estimated to witness a healthy growth at a CAGR of 12% in the forecast period of 2022-2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach over USD 6.64 billion by 2027.

The market is driven by the increasing applications of the autonomous underwater vehicles (AUV) in oceanographic studies, and the rising application of the product in defence and security.

The market is expected to be defined by the research and development (R&D) activities in the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different types of underwater drones are remotely operated vehicle (ROV), autonomous underwater vehicles (AUV), and hybrid vehicles.

The major product types of underwater drones are micro, small and medium, light work-class, and heavy work-class.

The major propulsion systems of underwater drones include electric system, mechanical system, and hybrid system.

The significant applications of underwater drones are defence and security, scientific research, and commercial exploration, among others.

The major players in the industry are ECA Group, Saab Seaeye Ltd., Atlas Elektronik GmbH, Deep Trekker Inc., Kongsberg Gruppen ASA, and Oceaneering International, Inc., among others.

Analyst Review

The global underwater drone market attained a value of more than USD 3.355 billion in 2021, driven by the rising application of underwater drones in defence and security. Aided by the technological advancements in the underwater drone technology, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 12%. The market is projected to reach over USD 6.64 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market is segmented into remotely operated vehicle (ROV), autonomous underwater vehicles (AUV), and hybrid vehicles. Based on product type, the market is segmented into micro, small and medium, light work-class, and heavy work-class. The different propulsion systems of the product include electric system, mechanical system, and hybrid system. The market, on the basis of application, can be classified into defence and security, scientific research, and commercial exploration, among others. The major regional markets for underwater drone are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ECA Group, Saab Seaeye Ltd., Atlas Elektronik GmbH, Deep Trekker Inc., Kongsberg Gruppen ASA, and Oceaneering International, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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