Submarine Drone Trends and Forecast
The future of the global submarine drone market looks promising with opportunities in the underwater exploration, filmmaking, ship inspection, and scientific research markets. The global submarine drone market is expected to reach an estimated $4.6 billion by 2030 with a CAGR of 11.4% from 2024 to 2030. The major drivers for this market are advances in underwater navigation, communication systems, and autonomous capabilities, increasing demand for surveillance, reconnaissance, and mine detection by naval forces, and growing awareness and efforts in oceanographic research, environmental monitoring, and underwater resource exploration.
• Lucintel forecasts that tethered submarine drone is expected to witness the higher growth over the forecast period.
• Within this market, underwater exploration is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: Boeing announced the expansion of its Echo Voyager program, aiming to enhance underwater surveillance and reconnaissance capabilities. The U.S. Navy plans to deploy these advanced submarine drones by 2025 to strengthen maritime security.
China: ChinaÄX%$%Xs government-backed CRRC Corporation unveiled a new generation of unmanned underwater vehicles (UUVs) designed for deep-sea exploration. This initiative aligns with ChinaÄX%$%Xs 2030 maritime strategy to dominate the global submarine drone market.
United Kingdom: BAE Systems launched a state-of-the-art autonomous submarine drone capable of extended missions for environmental monitoring and defense applications. The UK government supports this technology to bolster its naval defense strategy.
Germany: Thyssenkrupp Marine Systems (TKMS) announced a partnership with the German Navy to develop stealth submarine drones for anti-submarine warfare. This collaboration aims to enhance GermanyÄX%$%Xs maritime defense capabilities by 2026.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Submarine Drone by Segment
The study includes a forecast for the global submarine drone by type, application, and region.
Submarine Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Tethered Submarine Drones
• Wireless Submarine Drones
Submarine Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Underwater Exploration
• Filmmaking
• Ship Inspections
• Scientific Research
• Others
Submarine Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Submarine Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies submarine drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the submarine drone companies profiled in this report include-
• Aquarobotman Nemo
• CHASING GLADIUS MINI
• QYSEA
• Sofar Trident
• PowerVision PowerRay
• Navatics MITO
• Geneinno Titan
Recent Development in the Submarine Drone Market
Lockheed Martin: Lockheed Martin has advanced its Orca Extra Large Unmanned Undersea Vehicle (XLUUV) program, designed to enhance underwater surveillance and warfare capabilities for the U.S. Navy.
Boeing: Boeing has successfully tested its Echo Voyager, a fully autonomous submarine drone with the ability to operate for months at a time without support, aiming to revolutionize long-duration underwater missions.
Saab: Saab has launched its latest version of the AUV62-AT, an autonomous underwater vehicle used for anti-submarine warfare training, boasting improved sensor technology and endurance.
Ocean Infinity: Ocean Infinity introduced Armada, a fleet of robotic ships and submarines equipped with advanced data collection tools, intended to reduce the need for human presence in deep-sea exploration and environmental monitoring.
Kongsberg Maritime: Kongsberg Maritime has upgraded its HUGIN family of autonomous underwater vehicles with new synthetic aperture sonar technology, enhancing their capability for detailed seabed mapping and inspection tasks.
Features of the Global Submarine Drone Market
Market Size Estimates: Submarine drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Submarine drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Submarine drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the submarine drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the submarine drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the submarine drone market size?
Answer: The global submarine drone market is expected to reach an estimated $4.6 billion by 2030.
Q2. What is the growth forecast for submarine drone market?
Answer: The global submarine drone market is expected to grow with a CAGR of 11.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the submarine drone market?
Answer: The major drivers for this market are advances in underwater navigation, communication systems, and autonomous capabilities, increasing demand for surveillance, reconnaissance, and mine detection by naval forces and growing awareness and efforts in oceanographic research, environmental monitoring, and underwater resource exploration.
Q4. What are the major segments for submarine drone market?
Answer: The future of the submarine drone market looks promising with opportunities in the underwater exploration, filmmaking, ship inspection, and scientific research markets.
Q5. Who are the key submarine drone market companies?
Answer: Some of the key submarine drone companies are as follows:
• Aquarobotman Nemo
• CHASING GLADIUS MINI
• QYSEA
• Sofar Trident
• PowerVision PowerRay
• Navatics MITO
• Geneinno Titan
Q6. Which submarine drone market segment will be the largest in future?
Answer: Lucintel forecasts that tethered submarine drone is expected to witness the higher growth over the forecast period.
Q7. In submarine drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the submarine drone market by type (tethered submarine drones and wireless submarine drones), application (underwater exploration, filmmaking, ship inspections, scientific research, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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