Press release
Underwater Drone market is expected to reach USD 16.5 billion by 2030 : Cognitive Market Research
Underwater Drone market is expected to reach USD 16.5 billion by 2030 : Cognitive Market Research
- Unmanned underwater vehicles (UUVs), usually called underwater drones, are a type of vehicle that can operate in the sea and ocean without a human occupant. These gadgets can be broadly divided into two groups: autonomous underwater vehicles (AUVs), which are able to operate on their own without any actual human inputs, and remotely operated underwater vehicles (ROVs), which are guided throughout their operations by a human operator located at a distance.
Summary:
• The Global Underwater Drone market size reached USD 3.71 billion in 2021 and will reach USD 16.5 billion by 2030, growing at a CAGR of 15.6% from 2023 to 2030.
• North America region is forecasted to dominate the global underwater drone market. with the highest growth rate.
"To know more about The Underwater Drone Market statistics click here: https://www.cognitivemarketresearch.com/underwater-drone-market-report
Market Dynamics:
- People who participate in water-related activities like swimming and diving are increasing the demand for the global underwater drone market. Additionally, the rise in demand for underwater drones for defense and security applications is the major factor that drives the demand for the global underwater drone market. In addition, an increase in deep-water offshore oil and gas exploration, and the growth in demand for oceanographic research are factors that drive the demand for the global market.
• Underwater Drone Market Opportunity
Furthermore, technological advancements in unmanned underwater vehicles, such as superior manipulator arms, high-resolution cameras, and highly sensitive sonar have reduced the timelines required to examine the equipment and other submerged items, which will provide opportunities in the underwater drone market. However, the communication problems associated with AUVs may hamper the growth of the global underwater drone market during the forecast period.
Market Segmentation:
Type
• Autonomous Underwater Vehicles (AUV)
• Hybrid Vehicles
• Remotely Operated Vehicle (ROV)
Based on Type, the global underwater drone market is segmented into autonomous underwater vehicles (AUV), remotely operated vehicles (ROV), and hybrid vehicles. Autonomous Underwater Vehicles (AUV) dominate the global underwater drone market with the highest revenue share. This is attributed to its ability to check and operate submerged infrastructure. AUVs are expected to experience high demand from the oil and gas industry during the forecast period.
Application
• Defense and Security
• Scientific Research
• Commercial Exploration
• Others
Based on Application, the global underwater drone market is segmented into scientific research, commercial exploration, defense and security, and others. The defense and security application segment is forecasted to dominate the global underwater drone market. Drones that operate underwater are advantageous for several defense and security applications, including criminal investigations, port security, search and recovery, training, and others.
Product Type
• Micro
• Small and Medium
• Light Work-Class
• Heavy Work-Class
The Major Players in Underwater Drone Market are:
The Boeing Company, Lockheed Martin Corporation, Bluefin Robotics (Subsidiary Of General Dynamics Corporation), Saab Seaeye Ltd (Subsidiary Of Saab Ab), Teledyne Marine Group (Part Of Teledyne Technologies Incorporated), Kongsberg Maritime (Subsidiary Of Konsberg Gruppen), Oceaneering International Inc., Technipfmc Plc, Eca Group, Deep Ocean Engineering Inc.
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Regional Analysis:
- North America has the highest revenue share in the global underwater drone market
North America region is forecasted to dominate the global underwater drone market. with the highest growth rate. This is attributed to the increased investments and innovations in improving the capabilities of AUVs and ROVs for longer operations, precise data collection, and better exploration, which are projected to fuel market expansion. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to the rising demand for underwater drones for ocean exploration in the region, which is responsible for the expansion of the global market.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Underwater Drone Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Underwater Drone Market Segmentation
1.5.1 Underwater Drone Market Regional Fragmentation
1.5.1 Underwater Drone Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Underwater Drone Market
Chapter 4 Global Underwater Drone Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Underwater Drone Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Underwater Drone Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Underwater Drone Market by Product Type Segmentation Analysis (2018-2030)
Chapter 12 Global Underwater Drone Market by Propulsion System Segmentation Analysis (2018-2030)
Chapter 13 Global Underwater Drone Market Regional Analysis
Chapter 14 North America Underwater Drone Market Outlook (2018 - 2030)
Chapter 15 Europe Underwater Drone Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Underwater Drone Market Outlook (2018 - 2030)
Chapter 17 Latin America Underwater Drone Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Underwater Drone Market Outlook (2018 - 2030)
Chapter 19 Research Findings
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To know more Underwater Drone Market TOC click here: https://www.cognitivemarketresearch.com/underwater-drone-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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