The underwater drone market size has been seeing impressive expansion in recent years. It’s estimated to grow from $4.86 billion in 2024 to $5.36 billion in 2025, marking a compound annual growth rate (CAGR) of 10.3%. This growth is driven by factors such as ocean exploration and research, navy applications, oil and gas industry inspections, environmental monitoring, search and rescue operations, aquaculture monitoring, film and media production, commercial fishing operations, mapping and surveying.
Looking forward, the underwater drone market size is expected to grow to $7.98 billion in 2029 at a CAGR of 10.5%. The forecasted growth can be attributed to expansion of underwater mining activities, monitoring and mitigation of climate change impact, development of Autonomous Underwater Vehicles (AUVs), emergency response and disaster recovery, drones as a service (DaaS) models supplemented by major trends such as diverse sensor integration, underwater drone swarms, hybrid underwater-air systems, underwater communication technologies, commercial fisheries monitoring, integration of artificial intelligence, and miniaturization of underwater drone technology.
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What Factors Are Propelling The Growth Of The Underwater Drone Market?
A rise in defense expenses globally to modernize military forces is seen as a key propellant for the underwater drone market. Armed forces across nations are adopting advanced technologies like underwater drones as part of modern weaponry to ensure dominance and rival competition. For instance, U.S. defense expenditure rose by $71 billion between 2021 and 2022, according to The Peter G. Peterson Foundation, a US-based non-profit organization. This rise in defense spending is driving the growth of the underwater drone market across the globe.
What Are The Key Segments Within The Underwater Drone Market?
The underwater drone market covered in this report is segmented into:
1) By Type: Remotely Operated Vehicle, Autonomous Underwater Vehicles, Hybrid Vehicles
2) By Product Type: Micro, Small and Medium, Light Work-Class, Heavy Work-Class
3) By Propulsion: Electric System, Mechanical System, Hybrid System
4) By Application: Defense and Security, Scientific Research, Commercial Exploration, Others Applications
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Which Companies Are Dominating The Underwater Drone Market?
Key players in the market include Saab Seaeye Ltd., Teledyne Marine Group, The Boeing Company, Lockheed Martin Corporation, Bluefin Robotics Inc., Kongsberg Maritime AS, ECA Group SA, Oceaneering International Inc., TechnipFMC PLC, Deep Ocean Engineering Inc., Atlas Elektronik GmbH, Power Vision Technology Group Co. Ltd., Thales Group, General Dynamics Corporation, Terradepth Inc., ecoSUB Robotics Ltd., Eelume AS, Nido Robotics, Neptune Robotics Corporation, OpenROV Inc., SeaDrone Inc., Aquatic Drones, Ocean Infinity Ltd., Ocean Aero Inc., OceanAlpha Inc., Ocean Power Technologies Inc., SeaRobotics Corporation, SeaView Systems Inc., Shark Marine Technologies Inc., Subsea Tech AS, VideoRay LLC, International Submarine Engineering Ltd.
What Are The Emerging Trends In The Underwater Drone Market?
Technological advancements stand out as key trends in the underwater drone market. Leading players in the market are leveraging advanced technologies such as artificial intelligence (AI) to strengthen their position. For example, China-based QYSEA Technology launched an AI-powered vision platform that enables its FIFISH underwater robots to perform precision underwater active visual locking. This enhanced efficiency and resistance in FIFISH user operations.
Which Region Dominates The Underwater Drone Market?
Asia-Pacific accounted for the largest share of the underwater drone market in 2024. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Underwater Drone Market Report 2025 Offer?
Underwater drones are robotic devices that can be submerged for use by divers or operators on land to explore large bodies of water. They lower operating costs and human risks by enabling organizations, agencies, and subsea industries to examine, assess, and remotely monitor their assets. The Underwater Drone Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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