Underwater Drone Market: Global Industry Analysis and Forecast (2024-2030)

  •  The Underwater Drone Market size was valued at USD 4.68 Bn. in 2023 and the total Underwater Drone Market size is expected to grow at a CAGR of 16.1% from 2024 to 2030, reaching nearly USD 13.31 Bn. by 2030. 

  • Format : PDF | Report ID : SMR_1983

Underwater Drone Market Overview

Underwater drones also known as unmanned underwater vehicles (UUV) are control without a human inhabitant. They are classified into two types remotely operated underwater vehicles (ROVs) controlled by a human operator, and autonomous underwater vehicles (AUVs), which operate autonomously without real-time human input. Technological advancements in UUVs, such as high-resolution cameras, superior manipulator arms, and sensitive sonar, have reduced the time needed to inspect equipment and submerged items, opening up opportunities in the underwater drone market.

 

These drones are suitable for ocean exploration and bathymetry, as they reduce inspection time. They are also widely used for underwater surveys, such as detecting obstructions, wrecks, and rocks, mapping the sea floor, analysing wave currents, and predicting waterborne accidents like tsunamis. The underwater drone market is growing because of the adaptability of these vehicles to various depths and buoyancy adjustments.

Underwater Drone Market

 

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Underwater Drone Market Dynamics:

The global underwater drone market is growing because of the increasing demand for deep-sea minerals and biotic resources, security risks associated with maritime borders, and environmental monitoring and protection initiatives. The development of battery technology and data processing abilities has allowed for longer missions and more thorough analysis, expanding the applications and driving the market share. Artificial intelligence (AI) is being used to improve navigation and data collection in challenging underwater environments, with a trend towards miniaturization and advanced algorithms for independent operations. The integration of sensors and cameras in drones has also improved the quality of imagery, and hybrid systems that work in water and on the surface are fostering market growth. Collaboration between underwater technology providers and exploration companies is also driving the market. Overall, the underwater drone market is a promising area for growth and development.

Underwater Drone Market1

  • The underwater drone market is expanding because of the growing demand for marine research. This growth is driven by concerns about ocean health and the need for sustainable marine resource management. Oceans cover over XX% of Earth's surface and support diverse ecosystems like coral reefs and deep-sea trenches. These ecosystems play a crucial role in regulating climate and providing food for billions of people. However, threats like habitat destruction, overfishing, pollution, and climate change threaten these ecosystems. Therefore, underwater drones are essential for improving our understanding of the seas and their ecosystems.

 

Underwater drones face several challenges, including high initial costs, technological limitations, regulatory hurdles, limited education and awareness, and environmental concerns. The high initial cost deters potential customers, while issues with battery life, underwater communication, depth range, and manoeuvrability limit their usefulness in specific applications. Regulatory difficulties in delicate marine ecosystems are costly and time-consuming for both businesses and individuals. Limited education and awareness also hinder market growth and adoption. Also, the use of underwater drones is because of environmental issues, such as harming marine life and ecosystems, and the potential for pollution from drone parts. Therefore, both authorities and users must consider these factors when developing, producing, and maintaining underwater drones.

 

The market of underwater drones is experiencing growth due to increased demand for mine disposal and anti-submarine warfare operations. Previously used for seabed mapping, inspection, and security, these drones are now used for dangerous missions like anti-submarine warfare and mine disposal. Technological advancements present opportunities for innovation, such as developing new communication technologies or power solutions to extend drone operational ranges. Also, the market is growing in commercial sectors like oil and gas, environmental monitoring, and marine research, where underwater drones offer cost-effective and efficient solutions compared to traditional methods.

 

Underwater Drone Market Segment Analysis:

Based on Type, The remotely operated vehicle (ROV) segment is experiencing growth due to its increasing importance in offshore oil and gas exploration and production. ROVs are crucial for subsea inspections, maintenance, and repair operations in deep-water oil fields, where human divers face safety risks. Their capability to operate at numerous depths and navigate complex underwater environments makes them crucial tools for reviewing offshore infrastructure. The market is also expanding in underwater construction projects, such as cable laying and offshore wind farm installation. The defence and maritime security sectors are also deploying ROVs for tasks like mine clearance and search and rescue. Advancements in ROV technology are also expanding their applications in scientific research, oceanography, and environmental monitoring.

Underwater Drone Market2

Product Type, The micro underwater drone segment is gaining popularity because of its compact and agile design for shallow-water exploration, environmental monitoring, and recreational activities. These drones are equipped with lightweight sensors and cameras, making them ideal for scientific research, underwater photography, and educational purposes. Advancements in miniaturization technology and battery efficiency are expanding their capabilities. Small and medium underwater drones are gaining popularity for cost-effective underwater surveys, inspections, and surveillance tasks in the commercial and defence sectors. These drones are equipped with advanced sensors, navigation systems, and communication technologies, enabling them to perform complex tasks autonomously.

 

Underwater Drone Market Regional Insight:

The North American market of underwater drones is growing because of advanced technology and a robust regulatory framework. The defence and security sector is utilizing underwater drones for surveillance, reconnaissance, and mine detection. The presence of leading contractors and research institutions is also driving innovation in underwater drone technology. The commercial sector is also adopting underwater drones for offshore operations, including oil and gas exploration, underwater infrastructure inspection, and marine salvage. The region's extensive coastline, abundant offshore resources, and stringent safety regulations drive the demand for reliable underwater drone solutions. Government support and investments in marine research and environmental conservation also contribute to the deployment of underwater drones for scientific research, habitat monitoring, and pollution detection.

Underwater Drone Market3

Underwater Drone Market Competitive Landscape:

Prominent industry participants are making significant R&D investments to broaden their product offerings, contributing to the future growth of the Underwater Drone market. Alongside these strategic endeavours, market players are launching new products, entering into contracts, acquiring companies, increasing their investments, and working together with other organizations to increase their market share. The Underwater Drone business has to provide affordable products if it is to grow and thrive in a more competitive and increasing market.

 

  • April 18, 2024] – Greensea IQ, a pioneer in marine technology development, and VideoRay, a global leader in underwater robotics, have announced the extension of their strategic partnership. The renewed five-year, multi-million dollar agreement underscores both companies’ dedication to improving the performance and dependability of their products, as well as fostering innovation within the inspection class ROV sector.

 

  • In 2021, the patented robotic technology developed by Eelume is versatile, suiting a wide range of applications. The name Eelume is a play on words, compounding the English terms 'eel' and 'illuminate' to aptly describe the snake-like robot, which moves underwater over long distances, at great depths and enters cramped installations to perform inspection tasks.

Underwater Drone Market

Market Size in 2023

USD 4.68 Bn.

Market Size in 2030

USD 13.31 Bn.

CAGR (2024-2030)

16.1 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Type

Remotely Operated Vehicle (ROV)

Autonomous Underwater Vehicles (AUV)

Hybrid Vehicles

By Product Type

Micro

Small and Medium

Light Work-Class

Heavy Work-Class

By Propulsion System

Electric System

Mechanical System

Hybrid System

By  Application

Defence and Security

Scientific Research

Commercial Exploration

Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Key Player in the Underwater Drone Market

  1. General Dynamics Mission System - USA
  2. Saab AB - Sweden
  3. Deep Ocean Engineering Inc. - USA
  4. VideoRay - USA
  5. Deep Trekker Inc. - Canada
  6. Aquabotix Corporation - USA
  7. ECA Group - France
  8. Blue Robotics - USA
  9. Lockheed Martin - USA
  10. RJE International - USA
  11. Oceaneering International, Inc. - USA
  12. Chasing Innovation - USA
  13. QYSEA - China
  14. Teledyne Marine - USA
  15. TechnipFMC plc - United Kingdom
  16. ecosub robotics - France
  17. Eelume AS - Norway
  18. Nemo underwater drone - China
  19. HSE UAV - China
  20. FullDepth – Japan
  21. XX.inc


Frequently Asked Questions

The forecast period of the market is 2024 to 2030.

1.    Underwater Drone Market: Research Methodology 
2.    Underwater Drone Market: Executive Summary
3.    Underwater Drone Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Underwater Drone Market: Dynamics
5.1. Market Trends by Region
5.1.1.    North America
5.1.2.    Europe
5.1.3.    Asia Pacific
5.1.4.    Middle East and Africa
5.1.5.    South America

5.2. Market Drivers by Region
5.2.1.    North America
5.2.2.    Europe
5.2.3.    Asia Pacific
5.2.4.    Middle East and Africa
5.2.5.    South America

5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Challenges
5.6. PORTER’s Five Forces Analysis
5.7. PESTLE Analysis
5.8. Strategies for New Entrants to Penetrate the Market
5.9. Regulatory Landscape by Region
5.9.1.    North America
5.9.2.    Europe
5.9.3.    Asia Pacific
5.9.4.    Middle East and Africa
5.9.5.    South America

6.    Underwater Drone Market  Size and Forecast by Segments (by value Units)
6.1. Underwater Drone Market  Size and Forecast,  by Type (2023-2030)
6.1.1.    Remotely Operated Vehicle (ROV)
6.1.2.    Autonomous Underwater Vehicles (AUV)
6.1.3.    Hybrid Vehicles

6.2. Underwater Drone Market  Size and Forecast, by Product Type  (2023-2030)
6.2.1.    Micro
6.2.2.    Small and Medium
6.2.3.    Light Work-Class
6.2.4.    Heavy Work-Class

6.3. Underwater Drone Market  Size and Forecast, by Propulsion System  (2023-2030)
6.3.1.    Electric System
6.3.2.    Mechanical System
6.3.3.    Hybrid System

6.4. Underwater Drone Market  Size and Forecast, by Application (2023-2030)
6.4.1.    Defence and Security
6.4.2.    Scientific Research
6.4.3.    Commercial Exploration
6.4.4.    Others

6.5. Underwater Drone Market  Size and Forecast, by Region (2023-2030)
6.5.1.    North America
6.5.2.    Europe
6.5.3.    Asia Pacific
6.5.4.    Middle East and Africa
6.5.5.    South America

7.    North America Underwater Drone Market  Size and Forecast (by value Units)
7.1. North America Underwater Drone Market  Size and Forecast,  by Type (2023-2030)
7.1.1.    Remotely Operated Vehicle (ROV)
7.1.2.    Autonomous Underwater Vehicles (AUV)
7.1.3.    Hybrid Vehicles

7.2. North America Underwater Drone Market  Size and Forecast, by Product Type  (2023-2030)
7.2.1.    Micro
7.2.2.    Small and Medium
7.2.3.    Light Work-Class
7.2.4.    Heavy Work-Class

7.3. North America Underwater Drone Market  Size and Forecast, by Propulsion System  (2023-2030)
7.3.1.    Electric System
7.3.2.    Mechanical System
7.3.3.    Hybrid System

7.4. North America Underwater Drone Market  Size and Forecast, by Application (2023-2030)
7.4.1.    Defence and Security
7.4.2.    Scientific Research
7.4.3.    Commercial Exploration
7.4.4.    Others

7.5. North America Underwater Drone Market  Size and Forecast, by Country (2023-2030)
7.5.1.    United States
7.5.2.    Canada
7.5.3.    Mexico

8.    Europe Underwater Drone Market  Size and Forecast (by Value Units)
8.1. Europe Underwater Drone Market  Size and Forecast,  by Type (2023-2030)
8.1.1.    Remotely Operated Vehicle (ROV)
8.1.2.    Autonomous Underwater Vehicles (AUV)
8.1.3.    Hybrid Vehicles

8.2. Europe Underwater Drone Market  Size and Forecast, by Product Type  (2023-2030)
8.2.1.    Micro
8.2.2.    Small and Medium
8.2.3.    Light Work-Class
8.2.4.    Heavy Work-Class

8.3. Europe Underwater Drone Market  Size and Forecast, by Propulsion System  (2023-2030)
8.3.1.    Electric System
8.3.2.    Mechanical System
8.3.3.    Hybrid System

8.4. Europe Underwater Drone Market  Size and Forecast, by Application (2023-2030)
8.4.1.    Defence and Security
8.4.2.    Scientific Research
8.4.3.    Commercial Exploration
8.4.4.    Others

8.5. Europe Underwater Drone Market  Size and Forecast, by Country (2023-2030)
8.5.1.    UK
8.5.2.    France
8.5.3.    Germany
8.5.4.    Italy
8.5.5.    Spain
8.5.6.    Sweden
8.5.7.    Austria
8.5.8.    Rest of Europe

9.    Asia Pacific Underwater Drone Market  Size and Forecast (by Value Units)
9.1. Asia Pacific Underwater Drone Market  Size and Forecast,  by Type (2023-2030)
9.1.1.    Remotely Operated Vehicle (ROV)
9.1.2.    Autonomous Underwater Vehicles (AUV)
9.1.3.    Hybrid Vehicles

9.2. Asia Pacific Underwater Drone Market  Size and Forecast, by Product Type  (2023-2030)
9.2.1.    Micro
9.2.2.    Small and Medium
9.2.3.    Light Work-Class
9.2.4.    Heavy Work-Class

9.3. Asia Pacific Underwater Drone Market  Size and Forecast, by Propulsion System (2023-2030)
9.3.1.    Electric System
9.3.2.    Mechanical System
9.3.3.    Hybrid System

9.4. Asia Pacific Underwater Drone Market  Size and Forecast, by Application (2023-2030) 
9.4.1.    Defence and Security
9.4.2.    Scientific Research
9.4.3.    Commercial Exploration
9.4.4.    Others

9.5. Asia Pacific Underwater Drone Market  Size and Forecast, by Country (2023-2030)
9.5.1.    China
9.5.2.    S Korea
9.5.3.    Japan
9.5.4.    India
9.5.5.    Australia
9.5.6.    Asean
9.5.7.    Rest of Asia Pacific

10.    Middle East and Africa Underwater Drone Market  Size and Forecast (by Value Units)
10.1. Middle East and Africa Underwater Drone Market  Size and Forecast,  by Type (2023-2030)
10.1.1.    Remotely Operated Vehicle (ROV)
10.1.2.    Autonomous Underwater Vehicles (AUV)
10.1.3.    Hybrid Vehicles

10.2. Middle East and Africa Underwater Drone Market  Size and Forecast, by Product Type  (2023-2030)
10.2.1.    Micro
10.2.2.    Small and Medium
10.2.3.    Light Work-Class
10.2.4.    Heavy Work-Class

10.3. Middle East and Africa Underwater Drone Market  Size and Forecast, by Propulsion System  (2023-2030)
10.3.1.    Electric System
10.3.2.    Mechanical System
10.3.3.    Hybrid System

10.4. Middle East and Africa Underwater Drone Market  Size and Forecast, by Application (2023-2030)
10.4.1.    Defence and Security
10.4.2.    Scientific Research
10.4.3.    Commercial Exploration
10.4.4.    Others

10.5. Middle East and Africa Underwater Drone Market  Size and Forecast, by Country (2023-2030)
10.5.1.    South Africa
10.5.2.    GCC
10.5.3.    Rest of ME&A

11.    South America Underwater Drone Market  Size and Forecast (by Value Units)
11.1. South America Underwater Drone Market  Size and Forecast,  by Type  (2023-2030)
11.1.1.    Remotely Operated Vehicle (ROV)
11.1.2.    Autonomous Underwater Vehicles (AUV)
11.1.3.    Hybrid Vehicles

11.2. South America Underwater Drone Market  Size and Forecast, by Product Type  (2023-2030)
11.2.1.    Micro
11.2.2.    Small and Medium
11.2.3.    Light Work-Class
11.2.4.    Heavy Work-Class

11.3. South America Underwater Drone Market  Size and Forecast, by Propulsion System  (2023-2030)
11.3.1.    Electric System
11.3.2.    Mechanical System
11.3.3.    Hybrid System

11.4. South America Underwater Drone Market  Size and Forecast, by Application (2023-2030)
11.4.1.    Defence and Security
11.4.2.    Scientific Research
11.4.3.    Commercial Exploration
11.4.4.    Others

11.5. South America Underwater Drone Market  Size and Forecast, by Country (2023-2030)
11.5.1.    Brazil
11.5.2.    Argentina
11.5.3.    Rest of South America

12.    Company Profile: Key players
12.1. General Dynamics Mission System
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments  

12.2. Saab AB
12.3. Deep Ocean Engineering Inc.
12.4. VideoRay 
12.5. Deep Trekker Inc.
12.6. Aquabotix Corporation
12.7. ECA Group
12.8. Blue Robotics
12.9. Lockheed Martin
12.10. RJE International
12.11. Oceaneering International, Inc.
12.12. Chasing Innovation
12.13. QYSEA
12.14. Teledyne marine
12.15. TechnipFMC plc
12.16. ecosub robotics
12.17. Eelume AS
12.18. Nemo underwater drone
12.19. HSE UAV
12.20. FullDepth
12.21. XX.inc
13.    Key Findings
14.    Industry Recommendation

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