Global Underwater Drone Market to reach USD 8.70 billion by 2027.

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
Product Code:  SASAAD_51469430
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	 Type breakdown estimates & forecasts, 2017-2027	 Application breakdown estimates & forecasts, 2017-2027	 Propulsion System breakdown estimates & forecasts, 2017-2027	 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	Key Information	Overview	Financial (Subject to Data Availability)	Product Summary	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
Bluefin Robotics
Saab Seaeye Ltd
Teledyne Marine Group
Kongsberg Maritime
Oceaneering International, Inc.
TechnipFMC plc
ECA Group
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:
By Type:
Remotely Operated Vehicle (ROV)
Autonomous Underwater Vehicles (AUV)
Hybrid Vehicles
By Application:
Defense & Security
Scientific Research
Commercial Exploration
By Propulsion System:
Electric System
Mechanical System
Hybrid System
By Product Type:
Small and Medium
Light Work-Class
Heavy Work-Class
By Region:
North America

Asia Pacific
South Korea
Latin America
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
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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