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Underwater Drone Trends and Forecast
The future of the global underwater drone market looks promising with opportunities in the defense and security, scientific research, and commercial exploration markets. The global underwater drone market is expected to reach an estimated $9.7 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are rising demand for oceanographic research and growth in the exploration of deep-water offshore oil and gas.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Underwater Drone by Segment
The study includes a forecast for the global underwater drone by type, product type, application, and region.
Underwater Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Remotely Operated Vehicle (ROV)
• Autonomous Underwater Vehicle (AUV)
• Hybrid Vehicles
Underwater Drone Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Electric System
• Mechanical System
• Hybrid System
Underwater Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Defense and Security
• Scientific Research
• Commercial Exploration
• Others
Underwater Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Underwater 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 underwater drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the underwater drone companies profiled in this report include-
• Oceaneering International
• The Boeing
• teledyne marine
• ECA
• TechnipFMC
• Lockheed Martin
• Bluefin Robotics
• Saab Seaeye
• Deep Ocean Engineering
• kongsberg maritime
Underwater Drone Market Insights
Lucintel forecasts that autonomous underwater vehicle is expected to witness the highest growth over the forecast period due to its increased usage for offshore deepwater exploration of oil and gas.
Within this market, defense and security is expected to witness the higher growth due to increase in the need for underwater drones for security and defense uses.
North America will remain the largest region over the forecast period due to growing procurement of rovs and auvs for military modernization and presence of key manufacturers in the region.
Features of the Global Underwater Drone Market
Market Size Estimates: Underwater 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: Underwater drone market size by type, product type, application, and region in terms of value ($B).
Regional Analysis: Underwater drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, product types, applications, and regions for the underwater drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the underwater drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the underwater drone market size?
Answer: The global underwater drone market is expected to reach an estimated $9.7 billion by 2030.
Q2. What is the growth forecast for underwater drone market?
Answer: The global underwater drone market is expected to grow with a CAGR of 15.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the underwater drone market?
Answer: The major drivers for this market are rising demand for oceanographic research and growth in the exploration of deep-water offshore oil and gas.
Q4. What are the major segments for underwater drone market?
Answer: The future of the underwater drone market looks promising with opportunities in the defense and security, scientific research, and commercial exploration markets.
Q5. Who are the key underwater drone market companies?
Answer: Some of the key underwater drone companies are as follows:
• Oceaneering International
• The Boeing
• teledyne marine
• ECA
• TechnipFMC
• Lockheed Martin
• Bluefin Robotics
• Saab Seaeye
• Deep Ocean Engineering
• kongsberg maritime
Q6. Which underwater drone market segment will be the largest in future?
Answer: Lucintel forecasts that autonomous underwater vehicle is expected to witness the highest growth over the forecast period due to its increased usage for offshore deepwater exploration of oil and gas.
Q7. In underwater drone market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to growing procurement of rovs and auvs for military modernization and presence of key manufacturers in the region.
Q.8 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 underwater drone market by type (remotely operated vehicle (ROV), autonomous underwater vehicle (AUV), and hybrid vehicles), product type (electric system, mechanical system, and hybrid system), application (defense and security, scientific research, commercial exploration, 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?
For any questions related to Underwater Drone Market, Underwater Drone Market Size, Underwater Drone Market Growth, Underwater Drone Market Analysis, Underwater Drone Market Report, Underwater Drone Market Share, Underwater Drone Market Trends, Underwater Drone Market Forecast, Underwater Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Underwater Drone Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Underwater Drone Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Underwater Drone Market by Type
3.3.1: Remotely Operated Vehicle (ROV)
3.3.2: Autonomous Underwater Vehicle (AUV)
3.3.3: Hybrid Vehicles
3.4: Global Underwater Drone Market by Product Type
3.4.1: Electric System
3.4.2: Mechanical System
3.4.3: Hybrid system
3.5: Global Underwater Drone Market by Application
3.5.1: Defense and Security
3.5.2: Scientific Research
3.5.3: Commercial Exploration
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Underwater Drone Market by Region
4.2: North American Underwater Drone Market
4.2.2: North American Underwater Drone Market by Application: Defense and Security, Scientific Research, Commercial Exploration, and Others
4.3: European Underwater Drone Market
4.3.1: European Underwater Drone Market by Type: Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), and Hybrid Vehicles
4.3.2: European Underwater Drone Market by Application: Defense and Security, Scientific Research, Commercial Exploration, and Others
4.4: APAC Underwater Drone Market
4.4.1: APAC Underwater Drone Market by Type: Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), and Hybrid Vehicles
4.4.2: APAC Underwater Drone Market by Application: Defense and Security, Scientific Research, Commercial Exploration, and Others
4.5: ROW Underwater Drone Market
4.5.1: ROW Underwater Drone Market by Type: Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV), and Hybrid Vehicles
4.5.2: ROW Underwater Drone Market by Application: Defense and Security, Scientific Research, Commercial Exploration, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Underwater Drone Market by Type
6.1.2: Growth Opportunities for the Global Underwater Drone Market by Product Type
6.1.3: Growth Opportunities for the Global Underwater Drone Market by Application
6.1.4: Growth Opportunities for the Global Underwater Drone Market by Region
6.2: Emerging Trends in the Global Underwater Drone Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Underwater Drone Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Underwater Drone Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Oceaneering International
7.2: The Boeing
7.3: teledyne marine
7.4: ECA
7.5: TechnipFMC
7.6: Lockheed Martin
7.7: Bluefin Robotics
7.8: Saab Seaeye
7.9: Deep Ocean Engineering
7.10: kongsberg maritime
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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