Underwater Drone Market Size to Generate $15.4 Billion by 2031: Allied Market Research

Portland, OR, April 03, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global underwater drone market garnered $3.6 billion in 2021, and is estimated to generate $15.4 billion by 2031, manifesting a CAGR of 15.9% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

Request Sample Report - https://www.alliedmarketresearch.com/request-sample/9047

Report Coverage & Details:

Report Coverage	Details
Forecast Period	2022–2031
Base Year	2021
Market Size in 2021	$3.6 billion
Market Size in 2031	$15.4 billion
CAGR	15.9%
No. of Pages in Report	430
Segments covered	type, propulsion system, application, product type, and region
Drivers	Surge in deep-water offshore oil & gas exploration Increase in demand for underwater drones for defense and security applications Growth in demand for oceanographic research
Opportunities	Surge in government support to modernize military forces
Restraints	The communication problems associated with AUVs

Covid-19 Scenario:

• The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global underwater drone market, owing to implementation of global lockdown which resulted to temporary closure of manufacturing and operational activity.
• The need for underwater drones is predicted to increase significantly in the near future, due to the easing of lockdown measures, vaccination drives, and the reopening of markets throughout the world.

The research provides detailed segmentation of the global underwater drone market based on type, propulsion system, application, product type, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Procure Complete Research Report - https://www.alliedmarketresearch.com/underwater-drone-market/purchase-options

Based on product type, the light work-class segment held the highest share in 2021, accounting for nearly one-third of the global underwater drone market, and is expected to continue its leadership status during the forecast period. However, the micro segment is expected to register the highest CAGR of 17.6% from 2022 to 2031.

Based on application, the defense and security segment accounted for the highest share in 2021, contributing to nearly half of the global underwater drone market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the scientific research segment is expected to manifest the highest CAGR of 17.7% from 2022 to 2031.

Based on type, the Remotely Operated Vehicle (ROV) segment accounted for the highest share in 2021, holding more than half of the global underwater drone market, and is expected to continue its leadership status during the forecast period. However, the hybrid vehicles segment is estimated to grow at the highest CAGR of 18.0% during the forecast period.

Based on region, North America held the largest share in 2021, contributing to more than one-third of the global underwater drone market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 18.0% during the forecast period.

Leading market players of the global underwater drone market analyzed in the research include Bluefin Robotics Corporation, ECA Group, kongsberg maritime, Oceaneering International, Inc., Saab Seaeye Ltd, TechnipFMC plc, The Boeing Company, Deep Ocean Engineering, Inc., Lockheed Martin Corporation, teledyne marine.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/9047

The report provides a detailed analysis of these key players of the global underwater drone market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports We Have on Drone Industry:

Submarine Market Research Report 2023-2035

Public Safety Drones Market Research Report 2023-2035

Drone Transponders Market Research Report 2023-2035

Submarine Combat Systems Market Research Report 2023-2035

Inspection Drones in Confined Space Market Research Report 2023-2035

              About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.  Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com/reports-store/aerospace-and-defence  Follow Our Blog: www.theinnovativereport.com