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. 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. Besides this, the rapid utilization of underwater drones in oceanographic research activities is creating lucrative growth opportunities. 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. ![]() 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. This can be attributed to the augmenting demand for energy across the globe. The market is majorly driven by the augmenting adoption of UUVs in deep-water offshore oil and gas exploration activities. 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. Additionally, they significantly reduce the timelines required to inspect equipment and other submerged items in the sea. ![]() 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. ![]() These vehicles are either controlled throughout their operations by a distant human operator or are operated autonomously without any real-time human inputs. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.89% during 2023-2028.Īn underwater drone refers to an unmanned underwater vehicle (UUV), that is capable of carrying out oceanographic activities underwater without a human occupant or operator. The global underwater drone market size reached US$ 3.7 Billion in 2022.
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