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Yahoo
2 days ago
- Business
- Yahoo
Underwater Drone Market Outlook Report 2025-2034: Remotely Operated Vehicle, Autonomous Underwater Vehicles, Hybrid Vehicles Market Share and Growth Analysis
The Underwater Drone Market is projected to grow from USD 6.6 billion in 2025 to USD 17.3 billion by 2034, driven by rising demand for AUVs and ROVs across industries like defense, oil and gas, and marine research. Innovations in AI, IoT, and enhanced sensors are key growth drivers, while challenges in data security and communication remain. Underwater Drone Market Dublin, July 17, 2025 (GLOBE NEWSWIRE) -- The "Underwater Drone Market Outlook 2025-2034: Market Share, and Growth Analysis By Type( Remotely Operated Vehicle, Autonomous Underwater Vehicles, Hybrid Vehicles), By Product Type, By Propulsion , By Application" report has been added to Drone Market is valued at USD 6.6 billion in 2025. Further the market is expected to grow by a CAGR of 11.2% to reach global sales of USD 17.3 billion in 2034The Underwater Drone Market is experiencing rapid growth driven by the increasing demand for autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) across various industries. These drones are equipped with advanced sensors and cameras, enabling real-time data collection, video surveillance, and environmental monitoring in challenging underwater environments. The market finds applications in a wide range of sectors, including marine research, defense, offshore oil and gas exploration, underwater infrastructure inspection, and recreational activities such as diving and underwater ability of underwater drones to access depths and locations that are otherwise difficult or dangerous for humans has fueled their adoption. They offer significant advantages in terms of cost-effectiveness, safety, and efficiency for tasks such as inspecting submerged structures, monitoring marine life, and surveying the ocean floor. As industries increasingly rely on automation for underwater tasks, the need for high-quality, reliable underwater drones continues to the rise of smart technologies such as AI, IoT, and machine learning integrated into underwater drones is expected to boost their capabilities, enabling more precise and efficient underwater operations. This growth is expected to continue as demand for deep-sea exploration and offshore energy projects increases, further driving the Underwater Drone 2024, the Underwater Drone Market is expected to experience several technological advancements, including improvements in battery life, sensor capabilities, and communication systems. The demand for drones with enhanced capabilities, such as higher resolution imaging, longer operational ranges, and better maneuverability, will lead to increased market developments. The introduction of AI-driven underwater drones will significantly impact industries such as marine research and defense, where real-time data processing, anomaly detection, and predictive analytics will become more the expansion of offshore wind farms and subsea oil and gas exploration will require specialized underwater drones for installation, maintenance, and monitoring purposes. These drones will be designed to withstand extreme underwater conditions while offering efficient power management and extended operational hours. There will also be an emphasis on developing drones that can operate autonomously for extended periods, reducing the need for human intervention and making underwater operations more cost-effective. In 2024, several companies are expected to introduce new models that cater to specific industry needs, such as drones with specialized payloads for scientific research or inspection towards 2025 and beyond, the Underwater Drone Market will continue to evolve with the integration of cutting-edge technologies, including machine learning, AI, and 5G connectivity. These advancements will enable drones to perform more complex tasks, such as real-time mapping, environmental monitoring, and advanced underwater construction inspections. As underwater drones become more autonomous, they will be capable of operating in harsh and remote environments without requiring constant human oversight. Furthermore, with the rise of deep-sea exploration and subsea mining, underwater drones will be critical tools for collecting data in unexplored or difficult-to-reach increasing use of drones in industries such as aquaculture, defense, and environmental monitoring will drive market expansion, particularly as governments and organizations invest in technologies to monitor and protect marine ecosystems. Additionally, the demand for smaller, more versatile drones will grow, catering to both commercial and recreational challenges such as ensuring data security, handling communication issues in deep-sea environments, and meeting regulatory requirements may slow down the widespread adoption of certain drone technologies. Despite these hurdles, the Underwater Drone Market is poised for continued growth, driven by technological advancements and increasing demand across Insights Underwater Drone Market Advancements in battery life and energy-efficient systems allowing underwater drones to operate for longer periods in deeper environments. Integration of AI and machine learning into drones for improved real-time data analysis, anomaly detection, and predictive maintenance. Development of drones with enhanced imaging and sensing capabilities, including high-resolution cameras, sonar, and environmental sensors for better underwater visibility. Emergence of drones designed for specific industries, such as aquaculture, defense, and scientific research, offering customized capabilities and applications. Increased use of autonomous underwater drones for long-term operations, reducing the need for human intervention and improving operational efficiency. Growing demand for remote and autonomous underwater exploration and inspection for industries like offshore energy and marine research. Advancements in drone technology, including AI, sensor integration, and improved power management, driving enhanced capabilities for complex tasks. Increased adoption of underwater drones in environmental monitoring, marine life studies, and subsea infrastructure inspection. Expansion of subsea energy projects, such as offshore wind farms, requiring efficient, cost-effective solutions for installation and maintenance. Communication and data transmission limitations in deep-sea environments, along with concerns regarding data security, could hinder the efficiency and adoption of underwater drones. Your Takeaways From this Report Global Underwater Drone market size and growth projections (CAGR), 2024 - 2034 Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Underwater Drone. Underwater Drone market size, share, and outlook across 5 regions and 27 countries, 2024 - 2034. Underwater Drone market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2024 - 2034. Short and long-term Underwater Drone market trends, drivers, restraints, and opportunities. Porter's Five Forces analysis, Technological developments in the Underwater Drone market, Underwater Drone supply chain analysis. Underwater Drone trade analysis, Underwater Drone market price analysis, Underwater Drone Value Chain Analysis. Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products. Latest Underwater Drone market news and developments. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value in 2025 6.6 Billion Forecasted Market Value by 2034 17.3 Billion Compound Annual Growth Rate 11.2% Regions Covered Global Companies Featured SZ DJI Technology Co Ltd. Parrot SA AeroVironment Inc. Kongsberg Gruppen ASA Northrop Grumman Corporation Thales Group Lockheed Martin Corporation Elbit Systems Ltd. Israel Aerospace Industries Ltd. General Dynamics Corporation Underwater Drone Market Segmentation By Type Remotely Operated Vehicle Autonomous Underwater Vehicles Hybrid Vehicles By Product Type Micro Small And Medium Light Work-Class Heavy Work-Class By Propulsion Electric System Mechanical System Hybrid System By Application Defense And Security Scientific Research Commercial Exploration Others Applications By Geography North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Underwater Drone Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
Petrobras Taps Fugro for Critical Subsea Inspection Contracts
Petróleo Brasileiro S.A. - Petrobras PBR recently announced its tender results and awarded four multi-year contracts to Fugro, a long-term collaborator known for its technological expertise in subsea inspection and monitoring. These contracts, set to begin in the fourth quarter of 2025, will ensure safe and efficient oversight of Petrobras' critical subsea infrastructure in Brazil, while also aligning with its vision for a responsible and resilient energy future. The contracts will utilize four dedicated vessels — two operated by Fugro and two by its partners — equipped with state-of-the-art remotely operated vehicles (ROVs). This innovative technique will help shift personnel from offshore sites to office-based environments, improving efficiency and allowing real-time data analysis for quicker, more informed decision-making. This collaboration expands the use of Fugro's remote operations capabilities, including remote ROV piloting, which was successfully pioneered together by Petrobras and Fugro in 2023 from the Fugro Aquarius. This innovative approach not only boosts operational safety by reducing offshore personnel exposure but also supports faster, data-driven decision-making through real-time analytics. Valued at approximately $340 million over four years, these contracts represent both continuity and evolution. Out of the four contracts, three will be renewals of the existing contracts that are set to expire later this year with improved terms, and one will be an entirely new engagement. This significant milestone reinforces Fugro's long-standing partnership with Petrobras, built on a shared history of leveraging advanced survey technologies and underwater robotics to drive responsible energy development in the region. It also aligns with Fugro's strategy of pursuing recurring revenues as a key driver of long-term, sustainable value. Petrobras' selection of Fugro reaffirms confidence in its ability to deliver critical services reliably and safely. This project, which was included in Fugro's 12-month backlog (as of March 2025), further strengthens its strategic agenda to foster innovation, ensure asset integrity and reinforce leadership in Brazil's offshore development. Headquartered in Rio de Janeiro, Petroleo Brasileiro S.A., or Petrobras S.A., is the largest integrated energy firm in Brazil and one of the largest in Latin America. Currently, PBR has a Zacks Rank #3 (Hold). Investors interested in the energy sector might look at some better-ranked stocks like BKV Corporation BKV, Subsea 7 S.A. SUBCY and Oceaneering International, Inc. OII. While BKV and Subsea 7 currently sport a Zacks Rank #1 (Strong Buy) each, Oceaneering carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. BKV Corporation is an energy company that produces natural gas from its owned and operated upstream businesses. The Zacks Consensus Estimate for BKV's 2025 earnings indicates 338.18% year-over-year growth. Subsea 7 operates as an engineering, construction and services contractor to the offshore energy industry worldwide. The Zacks Consensus Estimate for SUBCY's 2025 earnings indicates 95.52% year-over-year growth. Houston, TX-based Oceaneering is one of the leading suppliers of offshore equipment and technology solutions to the energy industry. The Zacks Consensus Estimate for OII's 2025 earnings indicates 57.02% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Subsea 7 SA (SUBCY) : Free Stock Analysis Report BKV Corporation (BKV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Sunday World
13-06-2025
- Sunday World
Cops identify remains found in Co. Down river of man missing since last year
Gary Patterson (45) went missing from his hometown of Larne in October of last year was last caught on CCTV leaving his flat. The PSNI have identified the remains of a body found in a river near Crawfordsburn last weekend. A post-mortem examination has found the remains to be that of Gary Patterson who went missing from his hometown of Larne in October of last year. The 45-year-old was last caught on CCTV leaving his flat in Priory Gardens and withdrew £100 from a cash machine in the Co Antrim town on October 12 at 10.30am Detective Inspector Lyttle said: 'Mr Patterson, who was reported missing to police, was last seen in the Larne area on Saturday, 12th October 2024 . Our thoughts are with Gary's family at this sad time, and we express our heartfelt condolences to them. 'We would also like to thank the public for all of their assistance throughout this difficult time with searches and subsequent enquiries.' Gary Patterson Today's News in 90 Seconds - June 13 2025 Gary's disappearance sparked a multi-agency search operation with rivers, forests and the Larne Lough with his heartbroken brother, Simon Patterson, accepting they were 'looking for a body.' Remains that were subsequently discovered in a river Crawfordsburn near the Ballyrobert Road area on Saturday have been found to be that of Gary's. Speaking to the Belfast Telegraph, Simon expressed his relief at finding the body and said he received a call from the police detailing the remains were found alongside his brothers possessions. 'I first got the news on Sunday while we were doing a search and we received a phone call from police in CID [Criminal Investigation Department] asking them to come across to speak to us,' Simon said. 'There was that much information in the call [with the police], we sort of knew because the coat and his wallet had actually been found with the body." 'We're just going through the motions. Because we have known for a wee while, we've sort of contacted funeral homes and stuff to have ourselves organized whenever the body is released. 'At the end of the day, our priority is to get closure and get him laid to rest.' Throughout the months his brother was missing, Simon employed specialist diving squads with a submersible Remotely Operated Vehicle (ROV) to search enclaves in Larne Lough. Simon told this newspaper he had been conducting searches 'religiously' every week and pledged not to stop until his brother was found. Gary was described an avid collector of DVDs, quiet and 'a wee bit of a loner', by his brother. He was known to be proud of his flat where he lived alone and 'was set in his routine', usually returning home by 4pm. His distraught brother also labelled his sibling as a 'kind' man who 'never took a drink or drugs' and loved to frequent charity shops in his hometown.
Belfast Telegraph
10-06-2025
- Belfast Telegraph
Brother of Larne man missing since October says his remains have been found in Co Down river
Gary Patterson was last seen alive in his hometown of Larne in October of last year, after being reported missing by his family. The 45-year-old was caught on CCTV leaving his flat in Priory Gardens and withdrew £100 from a cash machine in the Co Antrim town on October 12 at 10.30am His disappearance sparked a multi-agency search operation with rivers, forests and the Larne Lough with his heartbroken brother, Simon Patterson, accepting they were 'looking for a body.' Remains that were subsequently discovered in a river Crawfordsburn near the Ballyrobert Road area on Saturday have been found to be that of Gary's. Speaking to the Belfast Telegraph, Simon expressed his relief at finding the body and said he received a call from the police detailing the remains were found alongside his brothers possessions. 'I first got the news on Sunday while we were doing a search and we received a phone call from police in CID [Criminal Investigation Department] asking them to come across to speak to us,' Simon said. 'There was that much information in the call [with the police], we sort of knew because the coat and his wallet had actually been found with the body. 'We're just going through the motions. Because we have known for a wee while, we've sort of contacted funeral homes and stuff to have ourselves organized whenever the body is released. 'At the end of the day, our priority is to get closure and get him laid to rest.' Throughout the months his brother was missing, Simon employed specialist diving squads with a submersible Remotely Operated Vehicle (ROV) to search enclaves in Larne Lough. Simon told this newspaper he had been conducting searches 'religiously' every week and pledged not to stop until his brother was found. Gary was described an avid collector of DVDs, quiet and 'a wee bit of a loner', by his brother. He was known to be proud of his flat where he lived alone and 'was set in his routine', usually returning home by 4pm. His distraught brother also labelled his sibling as a 'kind' man who 'never took a drink or drugs' and loved to frequent charity shops in his hometown. A spokesman from the PSNI said: 'A post-mortem has been carried out and our efforts are ongoing to identify the remains. We can provide no time scale for this process.'
Indian Express
14-05-2025
- Indian Express
Ahmedabad: Teenager drowns while swimming in water-filled hole in Sabarmati riverbed
A 13-year-old boy drowned while swimming in a water-filled section of the Sabarmati river, which has been running dry in the city for a week following the closure of sluice gates of Vasna Barrage for repair and maintenance work. Officials of the Ahmedabad Fire and Emergency Services (AFES) told The Indian Express that 13-year-old Mohammad Hasnain Mohammed Asif Sheikh, resident of Sadar Bazaar, had visited this particular water hole along with some friends to cool off on Tuesday afternoon. However, when he did not return home and his family members asked his friends, it came to light that Sheikh had not surfaced from the water. The fire department was informed around 4.30pm following which emergency vehicles from Naroda and Shahpur fire stations reached the spot and, along with the River Rescue Team, began searching for the boy. However, the overgrowth in the area made it near-impossible to conduct operations, said an official. Around 8.30 pm, the fire department contacted a private company which had, during Fire Safety week in April, exhibited their Underwater Remotely Operated Vehicle (ROV), the purchase of which is still under consideration. The team arrived with the ROV which has sonar, underwater cameras and lights as well as a crab arm to catch hold of objects. 'The ROV was deployed and within an hour, operators saw the outline of the boy's body at a depth of about 12 feet of water. The ROV latched on to the body and brought it out of water,' said a fire department official. An Accidental Death (AD) report was filed at Riverfront East police station. Notably, the cutting-off of the water supply coupled with the intense May heat has ensured that Sabarmati river bed has mostly dried up in the city, leaving behind sludge, silt and debris that the civic authorities mean to clean, starting Thursday. There are parts of riverbed that have sharp drop-offs and mini lakes of sorts, some more than 12-15 feet deep, containing water that is yet to evaporate or be cleared out during the cleaning process.
