Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Underwater Drone Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 11.7% during the review period (2022 to 2027).
The major factor driving the adoption of Underwater Drones is the increasing need of these underwater drones among consumers while swimming, underwater diving and for other water related activities. These underwater drones have also became a part of Navy security equipment due to which the usage of underwater drones has increased for defense purpose.
The key challenge for Underwater Drones is that this technology faces problem while deploying in harsh and cold environment. The places with weak mobile coverage and inadequate satellite coverage makes communication difficult.
Power Station is the key application of Healthcare IT, which held 4/5 of the market in 2019.
Above than 1MW took about half of the market in 2019, which is the largest of all the types.
Industry News:
QYSEA Technology Completes Tens of Millions in Funding to Develop Closed-Loop Solutions in its Underwater Robots QYSEA Technology Completes Tens of Millions in Funding to Develop Closed-Loop Solutions in its Underwater Robots
Underwater robotics manufacturer QYSEA Technology has recently announced the successfully completes tens of millions of yuan in Series B1 financing round, with investment support from global electronics company Xiaomi Group and Beijing-based venture capital firm Shunwei Capital. Following this latest round of funding, QYSEA Technology aims to further expand its resources to develop and establish closed-loop solutions in its underwater robots for both consumer and professional industry markets.
By Type, it is segmented into
Presently, North America and Europe is holding the largest market share for Underwater Drones market due to presence of large software providers and market players in these region. Moreover the advantages of using Underwater Drones in navy, and in oil & gas industry has encouraged used to adopt this underwater drone technology.
Asia –Pacific is also increasingly adopting Underwater Drones technologies with the entry of major & established players.
All these factors greatly affect the Underwater Drone Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Underwater Drone Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Underwater Drone Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2028 CAGR |
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CAGR of Water Cooled Chillers 11.7% during the review period (2022 to 2027). |
By Type |
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By Applications |
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By Companies
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| PowerVision, CHASING, Geneinno, QYSEA, Blueye Robotics, Robosea, Shenzhen Vxfly, Aquarobotman, Notilo Plus, Navatics and others. |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Number of Pages |
| 97 |
Customization Available
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| Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Underwater Drone Market is studied from 2017 - 2027.
What is the growth rate of Underwater Drone Market?
The Underwater Drone Market is growing at a CAGR of 11.7% over the next 5 years.
Who are the key players in Underwater Drone Market?
PowerVision, CHASING, Geneinno, QYSEA, Blueye Robotics, Robosea, Shenzhen Vxfly, Aquarobotman, Notilo Plus, Navatics and others.
What region does this Underwater Drone Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Underwater Drone Market?
Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), Hybrid Vehicles, Others
What are the major Applications of Underwater Drone Market?
Oil and Gas, Commercial Diving, Defence & Security, Scientific Research, Search and Rescue, Underwater Discovery, Fishing, Education, Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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