The global underwater drone market is expected to grow at a CAGR of around 11.8% from 2020 to 2027 and expected to reach the market value of around US$ 7,500.2 Mn by 2027.
Report coverage
| Market |
Underwater Drone Market |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Type, By Application, By Propulsion System ,By Product Type and By Geography |
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
The Boeing Company, Deep Ocean Engineering, Inc., Teledyne Marine Group, Oceaneering International, Inc., PowerVision Inc., Robosea, Blueyerobotics, BUBBLE, Blueye, CHASING-INNOVATION, and among others |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation |
Underwater drones are also known as autonomous underwater vehicles and unscrewed underwater vehicles. Underwater drones can be used for underwater survey missions that include the detection and mapping of submerged wrecks, rocks, and obstructions that can pose a navigational hazard for commercial and recreational vessels.
Market Dynamics
Big calls for "Underwater drones in defense sector" bolster the growth of global market
According to a report released by the National Defense Industrial Association, the Navy has previously planned to spend a significant amount of money on robotics platforms that will be ramped up in the coming years. According to Bloomberg Government, the sea service's future years defense program calls for approximately US$ 12 Bn for unmanned aircraft, surface vessels, and underwater systems between 2021 and 2025. Out of which US$ 7.9 Bn would be assigned for drones in the coming years. An additional US$ 1.9 Bn would is allocated for underwater vessels or UUVs. The Navy plans to spend US$ 941 Mn on USVs and UUVs alone in 2021, a 129% increase over 2019.
Underwater drones in oceanographic research has 100% gains in the worldwide market
According to the ACM report, autonomous underwater vehicles (AUVs) are gaining popularity for oceanographic research and other underwater tasks. By incorporating underwater drones, these robotic systems enable researchers to gather information in ways that were previously impossible due to the use of ships and boats. Seabed 2030, a collaboration of two non-profit organizations (NPO), aims to map the entire ocean floor in less than two decades. Since its inception in 2017, the project has increased the percentage of the total seabed that has been surveyed from about 6% to 15%. Underwater drones, which are outfitted with a growing array of sensors, sophisticated propulsion systems, and advanced software, assist researchers in mapping the sea floor, understanding currents, visual dead zones, improving water-borne accidents such as tsunami predictions, and many other tasks. Autonomous underwater drones are leaving a new imprint on the global market for oceanographic researchers.
Underwater drone technology threatens the submarines in the forecast period
As technology advances at a rapid pace, with modular systems, relatively cheap and expendable platforms, and the increase in computing power will grow exponentially in the coming years. According to a Nuclear Information Service report, underwater drone technology is already being used in anti-submarine warfare by the US and Chinese naval department. For example, the US Navy has been working on the development of underwater drones known as "swarms," which are groups of drones that work together rather than individually. These swarms can search large areas autonomously, making them ideal for ASW operations. Aside from that, unmanned underwater vehicles known as "gliders" have already been used to track Deepwater Horizon oil spills and radiation levels near Fukushima, Japan.
Market Restraints and Opportunities
Underwater drones can deliver cocaine to other countries in secret, fueling drug trafficking. According to the Insightcrime report, a successful Detroit telecommunications businessman secretly funded the development of underwater drones, which could have supplied tonnes of cocaine to Europe. As criminal organizations in Latin America increasingly shift their focus to the lucrative European cocaine market, several advanced methods for smuggling massive amounts of drugs across the Atlantic are being developed. With the advancement of technology, 3D printing has grown in prominence in the global market. New research on 3D printing in underwater drones has been conducted. According to the Europa report, it has developed a project that focuses on the production of underwater drones (remotely operated underwater vehicle-ROV) that are entirely printed in 3D. The drone has been modified so that it can be equipped with a clamp and deployed to collect waste from oceans, lakes, and ports.
Market Segmentation
The global underwater drones are segmented as type, application, propulsion systems, and product type. Based on type, the market is segmented as Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), and hybrid vehicles. By application, the market is segregated as defense & security, scientific research, commercial exploration, and others. By propulsion system the market is segmented as electric system, mechanical system, and hybrid system. Furthermore, product type is segmented as micro, small and medium, light work-class, and heavy work-class.
Defense and security hold the dominant market share for the global underwater drones market and will grow at an exponential rate during the forecast period. Because underwater drones have a wide range of applications in expanded military use, they have gained significant traction in the global market. Submersibles used by the Navy to deactivate mines and by the National Oceanic and Atmospheric Administration for fisheries management, for example, are becoming smaller, more flexible, and less expensive. Furthermore, for the growth of the global market, affordable options for state and local governments for inspection of reservoir and water supply systems have gained prominence.
Regional Overview
North America and Europe holds the dominating share; Asia Pacific to witness significant growth in the coming years for underwater drones market
North America has historically dominated the underwater drone market and will continue to do so in the coming years. The presence of competent players manufacturing underwater drones is the most significant factor responsible for the market's phenomenal growth. Europe, on the other hand, has the second largest market share in the underwater drone market. This is because the EU conducts several offshore oil and gas exploration activities. This is one of the major factors driving the growth of the underwater drone market in this region.
In contrast, Asia Pacific is expected to have the fastest growing CAGR for the underwater drone market in the coming years. Among the countries in APAC, China is one of the most active in conducting underwater drone research. For example, in December 2020, China deployed a fleet of underwater drones known as "Sea Wing (Haiyi)" gliders in the Indian Ocean. This newly deployed drone is specialized in such a way that it can operate autonomously for months and conduct various operations for naval intelligence through observations.
Competitive Landscape
The prominent players of the global underwater drones market involve The Boeing Company, Deep Ocean Engineering, Inc., Teledyne Marine Group, Oceaneering International, Inc., PowerVision Inc., Robosea, Blueyerobotics, BUBBLE, Blueye, CHASING-INNOVATION, and among others
Market Segmentation
Market By Type
Remotely Operated Vehicle (ROV)
Autonomous Underwater Vehicles (AUV)
Hybrid Vehicles
Market By Application
Defense & Security
Scientific Research
Commercial Exploration
Others
Market By Propulsion System
Electric System
Mechanical System
Hybrid System
Market By Product Type
Micro
Small and Medium
Light Work-Class
Heavy Work-Class
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Underwater Drone
1.1. Definition and Scope
1.1.1. Definition of Underwater Drone
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Underwater Drone Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Underwater Drone Market By Type
1.2.3. Underwater Drone Market By Application
1.2.4. Underwater Drone Market By Propulsion System
1.2.5. Underwater Drone Market By Product Type
1.2.6. Underwater Drone Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Regulatory Compliance
3.6. Competitive Landscape, 2019
3.6.1. Player Positioning Analysis
3.6.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Underwater Drone Market By Type
4.1. Introduction
4.2. Underwater Drone Revenue By Type
4.2.1. Underwater Drone Revenue (US$ Mn) and Forecast, By Type, 2016-2027
4.2.2. Remotely Operated Vehicle (ROV)
4.2.2.1. Remotely Operated Vehicle (ROV) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Autonomous Underwater Vehicles (AUV)
4.2.3.1. Autonomous Underwater Vehicles (AUV) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Hybrid Vehicles
4.2.4.1. Hybrid Vehicles Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Underwater Drone Market Revenue By Application
5.1. Introduction
5.2. Underwater Drone Revenue (US$ Mn) By Application
5.2.1. Underwater Drone Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
5.2.2. Defense & Security
5.2.2.1. Defense & Security Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Scientific Research
5.2.3.1. Scientific Research Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Commercial Exploration
5.2.4.1. Commercial Exploration Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Others
5.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Underwater Drone Market By Propulsion System
6.1. Introduction
6.2. Underwater Drone Revenue (US$ Mn) By Propulsion System
6.2.1. Underwater Drone Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
6.2.2. Electric System
6.2.2.1. Electric System Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Mechanical System
6.2.3.1. Mechanical System Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Hybrid System
6.2.4.1. Hybrid System Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Underwater Drone Market By Product Type
7.1. Introduction
7.2. Underwater Drone Revenue (US$) By Product Type
7.2.1. Underwater Drone Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
7.3. Micro
7.3.1. Micro Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. Small and Medium
7.4.1. Small and Medium Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5. Light Work-Class
7.5.1. Light Work-Class Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.6. Heavy Work-Class
7.6.1. Heavy Work-Class Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Underwater Drone Market By Country
8.1. North America Underwater Drone Overview
8.2.
8.3. U.S.
8.3.1. U.S. Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.3.2. U.S. Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.3. U.S. Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016-2027
8.3.4. U.S. Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.4. Canada
8.4.1. Canada Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.4.2. Canada Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4.3. Canada Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016-2027
8.4.4. Canada Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
8.5. North America PEST Analysis
CHAPTER 9. Europe Underwater Drone Market By Country
9.1. Europe Underwater Drone Market Overview
9.2. U.K.
9.2.1. U.K. Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.2.2. U.K. Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.3. U.K. Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016-2027
9.2.4. U.K. Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.3. Germany
9.3.1. Germany Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.3.2. Germany Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.3. Germany Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016-2027
9.3.4. Germany Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.4. France
9.4.1. France Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.4.2. France Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.3. France Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016-2027
9.4.4. France Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.5. Spain
9.5.1. Spain Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.5.2. Spain Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.3. Spain Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016-2027
9.5.4. Spain Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.6.2. Rest of Europe Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.3. Rest of Europe Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016-2027
9.6.4. Rest of Europe Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Underwater Drone Market By Country
10.1. Asia Pacific Underwater Drone Market Overview
10.2. China
10.2.1. China Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2. China Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.3. China Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
10.2.4. China Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.3. Japan
10.3.1. Japan Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2. Japan Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.3. Japan Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
10.3.4. Japan Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.4. India
10.4.1. India Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.2. India Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.3. India Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
10.4.4. India Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.5. Australia
10.5.1. Australia Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.5.2. Australia Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.3. Australia Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
10.5.4. Australia Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.6.2. South Korea Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.3. South Korea Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
10.6.4. South Korea Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.3. Rest of Asia-Pacific Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
10.7.4. Rest of Asia-Pacific Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Underwater Drone Market By Country
11.1. Latin America Underwater Drone Market Overview
11.2. Brazil
11.2.1. Brazil Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2. Brazil Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.3. Brazil Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
11.2.4. Brazil Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2. Mexico Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.3. Mexico Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
11.3.4. Mexico Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2. Rest of Latin America Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4.3. Rest of Latin America Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
11.4.4. Rest of Latin America Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 – 2027
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Underwater Drone Market By Country
12.1. Middle East & Africa Underwater Drone Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.2.2. Saudi Arabia Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.3. Saudi Arabia Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
12.2.4. Saudi Arabia Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.3. UAE
12.3.1. UAE Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.3.2. UAE Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.3. UAE Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
12.3.4. UAE Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Underwater Drone Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Underwater Drone Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.3. Rest of Middle East & Africa Underwater Drone Market Revenue (US$ Mn) and Forecast By Propulsion System, 2016 - 2027
12.4.4. Rest of Middle East & Africa Underwater Drone Market Revenue (US$ Mn) and Forecast By Product Type, 2016 – 2027
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Underwater Drone
13.1. Underwater Drone Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Underwater Drone Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Deep Ocean Engineering, Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Deep Ocean Engineering, Inc. 2019 Underwater Drone Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Teledyne Marine Group
14.3. Oceaneering International, Inc.
14.4. PowerVision Inc.
14.5. Robosea
14.6. Blueyerobotics
14.7. BUBBLE
14.8. Blueye
14.9. CHASING-INNOVATION
14.10. Aquarobotman
14.11. Others
