Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Underwater Drone Market Outlook

The global underwater drone market attained a value of more than USD 4.21 billion in 2023. The market is expected to grow at a CAGR of 12% in the forecast period of 2024-2032 to account for a value of over USD 11.70 billion by 2032.

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global underwater drone market attained a value of more than USD 4.21 billion.

The market is estimated to witness a healthy growth at a CAGR of 12% in the forecast period of 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 11.70 billion by 2032.

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.

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