Global Underwater Drone Market Overview:
Underwater Drones are robotic unmanned underwater vehicles. This Underwater Drones like aerial drones are used to monitor, survey, or for surveillance and sometimes for military use. Although intense research and investment are done on military drones, Underwater Drones have wide-scale civilians use too. Underwater Drones are small in size compared to conventional submarines, and they carry not humans thus they can stay underwater for longer durations. Thus, with the rise of autonomous vehicles on the ground and aerial drones, Underwater Drones to are expected to witness intense investments and research over the coming years. Some of the players profiled in the study are The Boeing Company (United States), Kongsberg Gruppen (Norway), Terradepth (United States), Saab Seaeye (Sweden), International Submarine Engineering (Canada), ecoSUB Robotics (United Kingdom), Eelume AS (Norway), Schilling Robotics LLC (United States), Bluefin Robotics Corp (United States) and Oceaneering International (United States).
On the basis of geography, the market of Underwater Drone 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). If we see Market by Operator, the sub-segment i.e. Autonomous will boost the Underwater Drone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Propulsion, the sub-segment i.e. Electric will boost the Underwater Drone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Navigation System will boost the Underwater Drone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The Rise in Hostilities Over Sea between Countries
- Increased Investment in Autonomous and Drone Technology
- Increased Military Demand for Long Endurance Underwater Drones
- Increase in Investment in Offshore Hydrocarbon Extraction Operations or Offshore Oil Rigs
Influencing Trend
- Use of Autonomous Underwater Military Drones to Survey Routes or to Find Underwater Mines
Restraints
- High Initial Cost of Research and Development to Manufacture High Endurance Underwater Drones
Opportunities
- Increased Research and Development to Innovate in Different Types of Electric Batteries which have Long Endurance such as Nickel-Metal Hydride, or Lithium-Ion Batteries
- Innovation Required to Increase Inter Networking Capabilities among Different Underwater Drones, Supporting Vessels, Other Vessels and Aerials Assets
Challenges
- High Operational Costs of Autonomous Underwater Drones
- With Increased Investment in Drones, Countries have also Invested in Systems which can Detect these Underwater Military Drones such as The Boing Company Launched its Class of the Art “P-8 Poseidon” Planes, Primarily with the Motive of Detecting Conventional Submarines but they can also Detect Underwater Military Drones
Key Market Developments:
In 2019, BAE Systems Inc., which is an American subsidiary of British Multinational giant in defense and Aerospace has acquired Riptide Autonomous Solutions, who specialize in the unmanned underwater vehicle. With this acquisition, BAE systems look to expand its portfolio of offerings and also increase investments in the research and development of new generation underwater drones or UUVs
In 2021, Huntington Ingalls Industries (HII), United States’ largest military shipbuilder, in its pursuance of entering into the market of underwater drones with the increasing demand of Unmanned underwater drones by the US Navy, has announced the acquisition of a unit of Spatial Integrated Systems Inc. Who specializes in systems in unmanned vessels. Thus the deal enhances and boosts the unmanned segment capabilities of HII.
Target Audience:
Underwater Drone Manufacturers, Suppliers, and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Component Suppliers, Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Underwater Drone market on the basis of product [Micro, Small and Medium, Large and Extra Large] , application [Military Use, Marine Surveys, Offshore Oil Rig Operations, Seafloor Mapping, Toys and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Underwater Drone market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Underwater Drone industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Nido Robotics (Spain), Neptune Robotics (China) and Larsen & Toubro Ltd. (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Underwater Drone market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.