Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSJanuary 2018: PowerVision launched their new marine drone named as PowerDolphin that is expected to have valuable usage not only in recreation but also for scientific research.
May 2017: BIKI, an underwater autonomous drone with a built in 4K lens and a 32 GB internal memory for recording was launched by Robosea in the year 2017.
Introductory Overview
Drones are unmanned aerial vehicles that are operated either through a remote control by a human operator or through computers autonomously. Drones are being increasingly used across various applications, be it commercial or agriculture or any other service. Autonomous diving drones, being intelligent enough to apply their minds, can be controlled by the use of a laptop, computer or even a smartphone.
Drones are in a way helpful for monitoring crowds, overseeing environment and sometimes act as a rescue device in the case of emergency. They are generally tethered and in some cases untethered, and are also portable and lighter in weight.
Market Size and Forecast
Autonomous diving drones, being fitted with an advanced AI system, are being deployed for various applications such as for exploring under the sea, mapping and also for inspection of ships. Considering their numerous benefits involved, the autonomous diving drones market is estimated to record a rapid CAGR over the forecast period, i.e. 2019-2020, owing to its features that offer several advantages, such as improved quality of data, accurate navigation requirements and many more.
The market is segmented by application into search & rescue, ship detection, scientific exploration, 3D mapping, amusement and surveying landscape, out of which, amusement segment is anticipated to occupy largest market share on the back of emergence of interests amongst people for the need of mental refreshments, outdoor fun activities and entertainment. DOWNLOAD SAMPLE REPORT HERE
Growth Drivers
Inspection Of Offshore Rigs And Underwater Pipelines
Autonomous diving drones finds increasing application in the oil and gas industry for the inspection of offshore rigs and underwater pipelines in order to avert any disaster. Considering the various levels of risks and costs involved, inspection must be undertaken by the pipeline & process services provider without delaying the process for another time period, as this could help prevent any leakages or identify any structural problems that need to be redressed.
Lower Operational Costs
Autonomous diving drones are light-weighed and possess their own source of energy while not depending on external source for power, which helps in lowering operational costs, for no employment of individual is required to operate the system.
Enhanced Data Quality
As autonomous diving drones work without the assistance of an operator, there is a considerable improvement in data quality, owing to the increase in data to signal ratio that helps in ensuring accuracy of the data survey taken for such purpose.
Roll Out Of 5G Services
The launch of 5G cellular networks has already shown an indication of a possible use of drones, as base stations, that can be operated for collection of data at millimeter wave frequencies. Technological advances in the IT & Telecom industry have made possibilities of real-time data transfer, high speed analytical processes, ultra high definition video transfer, and others, thereby making it easier for autonomous diving drones to emit data using these technologies to its server.
Interests for Marine Research Amongst Ecologists
Ecologists around the globe are on a continuous search for new species or have interests to study and observe particular genus or a family. It becomes quite difficult to understand the scenario of deep underwater creatures, owing to lowering oxygen levels, which doesn’t allows diving of such depths. With the help of these autonomous diving drones, researchers can predefine their target goals and accomplish their mission of study.
Rising Interests As Amusement Accessory Amongst Travelers
With the advent of new forms of amusements such as scuba diving, snorkeling and others, there is growing demand amongst global travelers for seeking adventurous ways to make their travel pleasant and memorable, which is generating the demand for diving drones. Autonomous diving drones in a way can follow these travelers amidst their ongoing activities, and provide them with loads of video and picture memories.
Restraints
Autonomous diving drones are highly expensive and possess only limited data transmitting ranges. Additionally, lack of awareness about autonomous diving drones and lack of technical knowledge related to their usage could limit the growth of the market over the forecast period.
Market Segmentation
Our-in depth analysis of the global autonomous diving drones market includes the following segments:
By Application
By Connectivity
By End User
By Region
On the basis of regional analysis, the autonomous diving drones market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The markets in North American and European regions are predicted to occupy the largest market share, owing to the presence of large number of market players and consistent advancements in technology brought in by these market players in the regions.
The global autonomous diving drones market is further classified on the basis of region as follows:
Competitive Landscape
Notilo Plus was the first company to launch its new and innovative autonomous diving drone referred to as “iBubble”. Another market player named PowerVision had also come out with the launch of a similar autonomous diving drones referred to as PowerDolphin that are currently available in the market.
Apart from that, a few more companies such as Sofar, FathomONE, Robosea and others are offering non-autonomous diving drones which are almost similarly featured and are operated with the help of a tethered cable.
Furthermore, numerous DIY communities and research groups from several regions around the globe are focusing on expansion in product mix and product line of diving drones and are fulfilling the demand for the purpose of research or entertainment in their domestic market.
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