Global Underwater Drone market share 2024, Forecast To 2033

The underwater drone market size has grown rapidly in recent years. It will grow from $4.48 billion in 2023 to$4.96 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to ocean exploration and research, defense and naval applications, oil and gas industry inspections, environmental monitoring, search and rescue operations, aquaculture monitoring, film and media production, commercial fishing operations, mapping and surveying. The underwater drone market size is expected to see rapid growth in the next few years. It will grow to $7.41 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period 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. Major trends in the forecast period include diverse sensor integration, underwater drone swarms, hybrid underwater-air systems, underwater communication technologies, commercial fisheries monitoring, integration of artificial intelligence (ai), miniaturization of underwater drone technology.