The global underwater drone market size reached US$ 3.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.77 Billion by 2027, exhibiting a growth rate (CAGR) of 12.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. An underwater drone refers to an unmanned underwater vehicle (UUV), that is capable of carrying out oceanographic activities underwater without a human occupant or operator. These vehicles are either controlled throughout their operations by a distant human operator or are operated autonomously without any real-time human inputs. They are typically equipped with high-resolution cameras, superior manipulators, sophisticated propulsion systems, and highly sensitive SONAR, making them an ideal option for ocean exploration and bathymetric measurements. Additionally, they significantly reduce the timelines required to inspect equipment and other submerged items in the sea. This results in the extensive usage of these drones for underwater surveys, which include detecting obstructions, wrecks and rocks submerged in the sea, mapping the sea floor, analyzing wave currents and visual dead zones, and predicting waterborne accidents, such as tsunamis. Underwater Drone Market Trends: The market is majorly driven by the augmenting adoption of UUVs in deep-water offshore oil and gas exploration activities. This can be attributed to the augmenting demand for energy across the globe. In line with this, a considerable rise in defense expenses to modernize military forces is resulting in a higher product uptake for defense and security applications. Moreover, the expanding applications of automated unmanned vehicles (AUVs) and remotely operated vehicles (ROVs) in search, recognition, and localization applications are providing an impetus to the market growth. Besides this, the rapid utilization of underwater drones in oceanographic research activities is creating lucrative growth opportunities. The market is further driven by continual product innovations, such as the incorporation of artificial intelligence (AI) and machine learning (ML), and the advent of energy-efficient underwater drones. Some of the other factors creating a positive outlook for the market include rapid digitization, commercial aquaculture ventures for underwater farms, inflating disposable income levels, and extensive research and development (R&D) activities conducted by key players. Key Market Segmentation: IMARC Group provides an analysis of the key trends in each sub-segment of the global underwater drone market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, product type, propulsion system and application. Breakup by Type: Remotely Operated Vehicle (ROV) Autonomous Underwater Vehicles (AUV) Hybrid Vehicles Breakup by Product Type: Micro Small and Medium Light Work-Class Heavy Work-Class Breakup by Propulsion System: Electric System Mechanical System Hybrid System Breakup by Application: Defence and Security Scientific Research Commercial Exploration Others Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being ATLAS ELEKTRONIK GmbH (thyssenkrupp AG), Blueye Robotics, Deep Ocean Engineering Inc., Deep Trekker Inc. (Halma plc), General Dynamics Corporation, iBubble, Kongsberg Gruppen ASA, Lockheed Martin Corporation, Oceaneering International Inc., Saab Seaeye Limited (Saab AB), Teledyne Marine (Teledyne Technologies Incorporated) and The Boeing Company. Key Questions Answered in This Report: How has the global underwater drone market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global underwater drone market? What are the key regional markets? What is the breakup of the market based on the type? What is the breakup of the market based on the product type? What is the breakup of the market based on the propulsion system? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global underwater drone market and who are the key players? What is the degree of competition in the industry?

1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Underwater Drone Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Remotely Operated Vehicle (ROV) 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Autonomous Underwater Vehicles (AUV) 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Hybrid Vehicles 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Product Type 7.1 Micro 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Small and Medium 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Light Work-Class 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Heavy Work-Class 7.4.1 Market Trends 7.4.2 Market Forecast 8 Market Breakup by Propulsion System 8.1 Electric System 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Mechanical System 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Hybrid System 8.3.1 Market Trends 8.3.2 Market Forecast 9 Market Breakup by Application 9.1 Defence and Security 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Scientific Research 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Commercial Exploration 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Others 9.4.1 Market Trends 9.4.2 Market Forecast 10 Market Breakup by Region 10.1 North America 10.1.1 United States 10.1.1.1 Market Trends 10.1.1.2 Market Forecast 10.1.2 Canada 10.1.2.1 Market Trends 10.1.2.2 Market Forecast 10.2 Asia-Pacific 10.2.1 China 10.2.1.1 Market Trends 10.2.1.2 Market Forecast 10.2.2 Japan 10.2.2.1 Market Trends 10.2.2.2 Market Forecast 10.2.3 India 10.2.3.1 Market Trends 10.2.3.2 Market Forecast 10.2.4 South Korea 10.2.4.1 Market Trends 10.2.4.2 Market Forecast 10.2.5 Australia 10.2.5.1 Market Trends 10.2.5.2 Market Forecast 10.2.6 Indonesia 10.2.6.1 Market Trends 10.2.6.2 Market Forecast 10.2.7 Others 10.2.7.1 Market Trends 10.2.7.2 Market Forecast 10.3 Europe 10.3.1 Germany 10.3.1.1 Market Trends 10.3.1.2 Market Forecast 10.3.2 France 10.3.2.1 Market Trends 10.3.2.2 Market Forecast 10.3.3 United Kingdom 10.3.3.1 Market Trends 10.3.3.2 Market Forecast 10.3.4 Italy 10.3.4.1 Market Trends 10.3.4.2 Market Forecast 10.3.5 Spain 10.3.5.1 Market Trends 10.3.5.2 Market Forecast 10.3.6 Russia 10.3.6.1 Market Trends 10.3.6.2 Market Forecast 10.3.7 Others 10.3.7.1 Market Trends 10.3.7.2 Market Forecast 10.4 Latin America 10.4.1 Brazil 10.4.1.1 Market Trends 10.4.1.2 Market Forecast 10.4.2 Mexico 10.4.2.1 Market Trends 10.4.2.2 Market Forecast 10.4.3 Others 10.4.3.1 Market Trends 10.4.3.2 Market Forecast 10.5 Middle East and Africa 10.5.1 Market Trends 10.5.2 Market Breakup by Country 10.5.3 Market Forecast 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 ATLAS ELEKTRONIK GmbH (thyssenkrupp AG) 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.2 Blueye Robotics 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.3 Deep Ocean Engineering Inc 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.4 Deep Trekker Inc. (Halma plc) 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.5 General Dynamics Corporation 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.6 iBubble 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.7 Kongsberg Gruppen ASA 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.8 Lockheed Martin Corporation 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.9 Oceaneering International Inc 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.10 Saab Seaeye Limited (Saab AB) 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio 15.3.11 Teledyne Marine (Teledyne Technologies Incorporated) 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.12 The Boeing Company 15.3.12.1 Company Overview 15.3.12.2 Product Portfolio