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Global Underwater Drones Market: By Type: Autonomous, Remotely Operated; By Technology: Electric, Mechanical, Hybrid; By Product Type: Small Vehicles, High-Capacity Electric Vehicles, Others; By Application; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Underwater Drones Market Outlook

The global underwater drones market reached a value of USD 3.45 billion in 2019. In the forecast period of 2020-2025, the market is expected to grow further at CAGR of 13%. The market is expected to attain a value of USD 7.18 billion by 2025.

 

Underwater Drones Market

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North America and Europe Present Significant Growth Opportunities for the Global Market for Underwater Drones

The market for underwater drones is growing rapidly and is expected to exhibit a robust growth rate in the forecast period owing to their rising use for observation, data collection, and intelligence. These products are specially designed for research in the oil and gas industry; as a result, the implementation of underwater drones has considerably increased in the recent years. In addition, the rising demand for this product by the organisations involved in ocean exploration for mapping ocean floor and other purposes is further aiding the market growth. These drones are equipped with cameras and are increasingly used by underwater photographers and scientific researchers, among others.

Region-wise, North America and Europe are significant markets for underwater drones, owing to the availability of large software providers and market players in these regions. Further, several advantages of using the product in various industries, such as in the navy, and the oil and gas industry has encouraged the use of the product; as a result, aiding the market growth in these regions.

 

Underwater Drones Market by Application

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Underwater Drones: Industry Definition and Segmentation

Underwater drones are used for surveillance purposes, data collection, and intelligence. They are specifically designed for research activities within the oil and gas industry.

On the basis of type, the market is divided into:

  • Autonomous
  • Remotely Operated

Based on technology, the industry can be segmented into:

  • Electric
  • Mechanical
  • Hybrid

By product type, the market is categorised into:

  • Small Vehicles
  • High-Capacity Electric Vehicles
  • Work Class Vehicles
  • Heavy Work Class Vehicles

On the basis of application, the industry is divided into:

  • Oil and Gas
  • Commercial Diving
  • Defence
  • Scientific Research
  • Search and Rescue
  • Underwater Discovery
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Underwater Drones Market by Region

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Rising Demand for the Product Among Consumers to Aid the Global Underwater Drones Market Growth

The market for underwater drones is growing owing to the rising demand for the product among consumers during underwater diving, swimming, and for other underwater related activities. The product is also increasingly used as a navy security equipment; as a result, the demand for underwater drones has increased for defence purposes.

However, the market is facing many challenges as this technology faces difficulty while being deployed in a cold and harsh environment. The drones also tend to be inadequate in places where the mobile coverage is weak, and satellite coverage is inadequate, thus, creating a ruckus in communication.

 

Key Industry Players in the Global Underwater Drones Market

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

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

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

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 Drones Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Underwater Drones Historical Market (2015-2019) 
    8.3    Global Underwater Drones Market Forecast (2020-2025)
    8.4    Global Underwater Drones Market by Type
        8.4.1    Autonomous
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Remotely Operated
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Underwater Drones Market by Technology
        8.5.1    Electric
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Mechanical
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Hybrid
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
    8.6    Global Underwater Drones Market by Product Type
        8.6.1    Small Vehicles
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    High-Capacity Electric Vehicles
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Work Class Vehicles
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Heavy Work Class Vehicles
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
    8.7    Global Underwater Drones Market by Application
        8.7.1    Oil and Gas
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Commercial Diving
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
        8.7.3    Defence
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2015-2019)
            8.7.3.3    Forecast Trend (2020-2025)
        8.7.4    Scientific Research
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2015-2019)
            8.7.4.3    Forecast Trend (2020-2025)
        8.7.5    Search and Rescue
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2015-2019)
            8.7.5.3    Forecast Trend (2020-2025)
        8.7.6    Underwater Discovery
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2015-2019)
            8.7.6.3    Forecast Trend (2020-2025)
        8.7.7    Others
    8.8    Global Underwater Drones 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 (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Deep Trekker Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    ECA Group
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    PowerVision Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Atlas Elektronik GmbH
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Kongsberg Gruppen ASA
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Oceaneering International, Inc.
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Underwater Drones Market: Key Industry Highlights, 2015 and 2025
2.    Global Underwater Drones Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Underwater Drones Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Underwater Drones Historical Market: Breakup by Technology (USD Billion), 2015-2019
5.    Global Underwater Drones Market Forecast: Breakup by Technology (USD Billion), 2020-2025
6.    Global Underwater Drones Historical Market: Breakup by Product Type (USD Billion), 2015-2019
7.    Global Underwater Drones Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
8.    Global Underwater Drones Historical Market: Breakup by Application (USD Billion), 2015-2019
9.    Global Underwater Drones Market Forecast: Breakup by Application (USD Billion), 2020-2025
10.    Global Underwater Drones Historical Market: Breakup by Region (USD Billion), 2015-2019
11.    Global Underwater Drones Market Forecast: Breakup by Region (USD Billion), 2020-2025
12.    North America Underwater Drones Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    North America Underwater Drones Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Europe Underwater Drones Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Europe Underwater Drones Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Asia Pacific Underwater Drones Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Asia Pacific Underwater Drones Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Latin America Underwater Drones Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Latin America Underwater Drones Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Middle East and Africa Underwater Drones Historical Market: Breakup by Country (USD Billion), 2015-2019
21.    Middle East and Africa Underwater Drones Market Forecast: Breakup by Country (USD Billion), 2020-2025
22.    Global Underwater Drones Market Structure

Key Questions Answered in the Report

In 2019, the global underwater drones market attained a value of nearly USD 3.45 billion.

The market is projected to grow at a CAGR of 13% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 7.18 billion by 2025.

The major drivers of the industry, such as growing use of the product for observation, data collection, and intelligence, increasing demand for the product by the organisations involved in ocean exploration for mapping ocean floor, and the rising demand from the defence sector, are expected to aid the market growth.

The key trends guiding the growth of the market include technological advancements and the introduction of products specially designed for research activities in the oil and gas industry.

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

The leading types of underwater drones in the market are autonomous and remotely operated.

The major technologies of underwater drones in the market are electric, mechanical, and hybrid.

The significant product types in the market are small vehicles, high-capacity electric vehicles, work class vehicles, and heavy work class vehicles.

The leading application segments in the market are oil and gas, commercial diving, defence, scientific research, search and rescue, and underwater discovery, among others.

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

Analyst Review

The global underwater drones market attained a value of USD 3.45 billion in 2019, driven by rising demand from consumers for diving and underwater explorations. Aided by the rising technological advancements, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 13%. The market is projected to reach USD 7.18 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is bifurcated into autonomous and remotely operated. On the basis of technology, the industry is divided into electric, mechanical, and hybrid. The leading product types in the market are small vehicles, high-capacity electric vehicles, work class vehicles, and heavy work class vehicles. By application, the industry can be segmented in oil and gas, commercial diving, defence, scientific research, search and rescue, and underwater discovery, among others. The major regional markets for underwater drones are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Deep Trekker Inc. ECA Group, PowerVision Inc., Atlas Elektronik GmbH, 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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