Underwater Drones Market Scope
Over the past few decades Underwater exploration, inspection, and monitoring are critical across various industries. As more and more industries find new ways to utilize Underwater Drones, the market continues to expand. Underwater Drones have been an important tool for marine science, exploration, and work, these ROVs, underwater vehicles controlled by operators at the surface, have numerous applications, including that are used in a variety of industries: Search and Rescue, Military, Recreation, and Discovery, Aquaculture, Marine Biology, Oil, Gas, Offshore Energy, Shipping, Submerged Infrastructure, and more. The surging demand for underwater drones for defense and security applications, and the growth in demand for oceanographic research drive the growth of the global underwater drone market.
The Underwater Drones market study is segmented by Type (Remotely operated vehicle (rov) and Autonomous underwater vehicle (auv)), by Application (Commercial, Scientific Research, Defense and Miscellaneous) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Underwater Drones market throughout the predicted period.
Lockheed Martin Corporation (United States), Saab AB (Sweden), Kongsberg Gruppen (Norway), Northrop Grumman Corporation (United States), Oceaneering International, Inc. (United States), The Boeing Company (United States), Bluefin Robotics (United States), Saab Seaeye Ltd (United Kingdom), Teledyne Marine Group (United States) and Oceaneering International, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are TechnipFMC plc (United Kingdom ).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Underwater Drones market by Type, Application and Region.
On the basis of geography, the market of Underwater Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In March 2021 The navy plans to launch swarms of aerial drones from unmanned submarines and ships, U.S. Navy has handed a contract to Raytheon for versions of its Coyote small unmanned aerial vehicle. The announcement said that the contract, which the Office of Naval Research (ONR) awarded to Raytheon, was for "Coyote Block 3 (CB3) Autonomous Strike" drones to support work on "Autonomous Swarm/Strike – Loitering Munitions."
Market Trend
- Rising defense spending of countries worldwide
Market Drivers
- Increasing demand for oceanographic research fuel the growth of the global underwater drone
- Growing in deep-water offshore oil and gas exploration as the population grows, the need for efficient production and delivery of energy is becoming more pressing. All forms of energy require infrastructure underwater: wind, solar, oil and gas, nuclear, and hydroelectricity.
Opportunities
- Development and incorporation of advanced technologies in Underwater Drones
- The surge in demand for underwater drones for defense and security
Restraints
- Need for development of sophisticated and highly reliable Underwater Drones
Challenges
- Slow underwater survey speed
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Underwater Drones Manufacturer, Government Regulatory and Research Organizations and End-Use Industry