- October 1, 2020
- Category: Aerospace and Defense, Security and Surveillance
Global Underwater Drone Market Size study, by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), and Hybrid Vehicles), Application (Defense & Security, Scientific Research, Commercial Exploration, and Others), Propulsion System (Electric System, Mechanical System and Hybrid System), and Product Type (Micro, Small and Medium, Light Work-Class, and Heavy Work-Class) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Underwater Drone Market, by Region, 2018-2027 (USD Billion) 1.2.2. Underwater Drone Market, by Type, 2018-2027 (USD Billion) 1.2.3. Underwater Drone Market, by Application, 2018-2027 (USD Billion) 1.2.4. Underwater Drone Market, by Propulsion System, 2018-2027 (USD Billion) 1.2.5. Underwater Drone Market, by Product Type, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Underwater Drone Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Underwater Drone Market Dynamics 3.1. Underwater Drone Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Underwater Drone Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Underwater Drone Market, by Type 5.1. Market Snapshot 5.2. Global Underwater Drone Market by Type, Performance - Potential Analysis 5.3. Global Underwater Drone Market Estimates & Forecasts by Type 2017-2027 (USD Billion) 5.4. Underwater Drone Market, Sub Segment Analysis 5.4.1. Remotely Operated Vehicle (ROV) 5.4.2. Autonomous Underwater Vehicles (AUV) 5.4.3. Hybrid Vehicles Chapter 6. Global Underwater Drone Market, by Application 6.1. Market Snapshot 6.2. Global Underwater Drone Market by Application, Performance - Potential Analysis 6.3. Global Underwater Drone Market Estimates & Forecasts by Application 2017-2027 (USD Billion) 6.4. Underwater Drone Market, Sub Segment Analysis 6.4.1. Defense & Security 6.4.2. Scientific Research 6.4.3. Commercial Exploration 6.4.4. Others Chapter 7. Global Underwater Drone Market, by Propulsion System 7.1. Market Snapshot 7.2. Global Underwater Drone Market by Propulsion System, Performance - Potential Analysis 7.3. Global Underwater Drone Market Estimates & Forecasts by Propulsion System 2017-2027 (USD Billion) 7.4. Underwater Drone Market, Sub Segment Analysis 7.4.1. Electric System 7.4.2. Mechanical System 7.4.3. Hybrid System Chapter 8. Global Underwater Drone Market, by Product Type 8.1. Market Snapshot 8.2. Global Underwater Drone Market by Product Type, Performance - Potential Analysis 8.3. Global Underwater Drone Market Estimates & Forecasts by Product Type 2017-2027 (USD Billion) 8.4. Underwater Drone Market, Sub Segment Analysis 8.4.1. Micro 8.4.2. Small and Medium 8.4.3. Light Work-Class 8.4.4. Heavy Work-Class Chapter 9. Global Underwater Drone Market, Regional Analysis 9.1. Underwater Drone Market, Regional Market Snapshot 9.2. North America Underwater Drone Market 9.2.1. U.S. Underwater Drone Market 22.214.171.124. Type breakdown estimates & forecasts, 2017-2027 126.96.36.199. Application breakdown estimates & forecasts, 2017-2027 188.8.131.52. Propulsion System breakdown estimates & forecasts, 2017-2027 184.108.40.206. Product Type breakdown estimates & forecasts, 2017-2027 9.2.2. Canada Underwater Drone Market 9.3. Europe Underwater Drone Market Snapshot 9.3.1. U.K. Underwater Drone Market 9.3.2. Germany Underwater Drone Market 9.3.3. France Underwater Drone Market 9.3.4. Spain Underwater Drone Market 9.3.5. Italy Underwater Drone Market 9.3.6. Rest of Europe Underwater Drone Market 9.4. Asia-Pacific Underwater Drone Market Snapshot 9.4.1. China Underwater Drone Market 9.4.2. India Underwater Drone Market 9.4.3. Japan Underwater Drone Market 9.4.4. Australia Underwater Drone Market 9.4.5. South Korea Underwater Drone Market 9.4.6. Rest of Asia Pacific Underwater Drone Market 9.5. Latin America Underwater Drone Market Snapshot 9.5.1. Brazil Underwater Drone Market 9.5.2. Mexico Underwater Drone Market 9.6. Rest of The World Underwater Drone Market Chapter 10. Competitive Intelligence 10.1. Top Market Strategies 10.2. Company Profiles 10.2.1. The Boeing Company 10.2.1.1. Key Information 10.2.1.2. Overview 10.2.1.3. Financial (Subject to Data Availability) 10.2.1.4. Product Summary 10.2.1.5. Recent Developments 10.2.2. Lockheed Martin Corporation 10.2.3. Bluefin Robotics 10.2.4. Saab Seaeye Ltd 10.2.5. Teledyne Marine Group 10.2.6. Kongsberg Maritime 10.2.7. Oceaneering International, Inc. 10.2.8. TechnipFMC plc 10.2.9. ECA Group 10.2.10. Deep Ocean Engineering, Inc. Chapter 11. Research Process 11.1. Research Process 11.1.1. Data Mining 11.1.2. Analysis 11.1.3. Market Estimation 11.1.4. Validation 11.1.5. Publishing 11.2. Research Attributes 11.3. Research Assumption
Global Underwater Drone Market is valued approximately USD 3.59 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.7% over the forecast period 2020-2027. The underwater drones are types of vehicles which can operate under water (oceans and sea) without human occupants. They are also known as unmanned underwater vehicles (UUV). These vehicles are normally divided into two categories: remotely operated underwater vehicles (ROVs) controlled by a distant human operator during their operations, and autonomous underwater vehicles (AUVs) capable of operating autonomously without any human interaction in real time. Further, increasing growth factors such as oceanographic research demand, Under-water drones can be used to observe and inspect oceans when run on a remote basis (ROV) or completely independent under-water vehicles (AUVs). To counter the declining health of oceans, scientists and experts have coordinated an upcoming campaign in the course of the years, which eventually led the General Assembly of the United Nations in 2017 to announce the Ocean Science Decade (2021–2030). This raises awareness of the rapid decrease in the health and wealth of the oceans among governments and scientists. In order to improve ocean management, science and technology supported mitigation policies are needed. It is expected that the rising use of underwater drones in oceanographic research would further the growth of the global market for underwater drones. Furthermore, operators are also exploring oil and gas deposits in deeper seas and are expected to make a leap in adoption of ROVs and AUVs in the years. Underwater drones improve operational protection, provide support for drilling and subsea construction, reduce the effect of inspection activities on the environment and decrease staff deployment. Underwater drones are an alternative to routine inspection work for divers under the sea. Drones perform inspection works are safe, effective and minimize the effect on the environment from regular monitoring and inspection which leads to create more demand for Global Underwater Drone Market. However, AUVs-related contact issues impedes the growth of the market over the forecast period of 2020-2027. Also, technical developments in unmanned underwater vehicles, high-resolution cameras, superior manipulator weapons, and highly sensitive sonar have led to a decrease in the timelines needed for inspecting equipment and other submerged objects, thereby opening up an ocean of possibilities in underwater drones market.
The regional analysis of global Underwater Drone market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to increasing activities for offshore oil and gas exploration in European countries, the region is expected to make a significant contribution to world share. For example, the Russian oil company Lukoil concluded in May 2018 the construction of the Caspian Sea third puits in the Russian region of Filanovsky. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increased usage in China, India, South Korea and Japan for underwater robotics in defense operations, oil and gas explorations would create lucrative growth prospects for the Underwater Drone market across Asia-Pacific region.
Major market player included in this report are:
The Boeing Company
Lockheed Martin Corporation
Saab Seaeye Ltd
Teledyne Marine Group
Oceaneering International, Inc.
Deep Ocean Engineering, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Remotely Operated Vehicle (ROV)
Autonomous Underwater Vehicles (AUV)
Defense & Security
By Propulsion System:
By Product Type:
Small and Medium
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Underwater Drone Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers