Hands Free Underwater Thruster Market
Hands-Free Underwater Thruster Market Forecasts to 2030 - Global Analysis By Type (Motorized Thruster, Hybrid Thruster, Propeller Thruster, Impeller Thruster), Application (Underwater Adventure, Military, Underwater Operations, Underwater Rescue and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
8.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Hands-Free Underwater Thruster Market is growing at a CAGR of 8.0% during the forecast period. A hands-free underwater thruster is a type of propulsion device used in aquatic environments that allows for efficient underwater navigation without the need for human assistance. These are usually used in underwater drones, remotely operated vehicles (ROVs), or autonomous underwater vehicles (AUVs). Additionally, it improves the capabilities of underwater exploration, inspection, and research by doing away with the requirement for direct human control. Overall, hands-free underwater thrusters contribute cutting-edge technologies like sonar or computer vision to enable accurate and effective movement in difficult aquatic environments.
Market Dynamics:
Driver:
Rise in autonomous underwater vehicles (AUVS) demand
Hands-free underwater thrusters enable precise and automated control, allowing AUVs to navigate complex underwater environments with minimal human intervention. They are used in a variety of fields, including defense, oceanography, and the offshore industry. In addition, as technology continues to advance, these thrusters incorporate innovations such as intelligent sensors and sophisticated control algorithms, enhancing the AUVs' maneuverability and performance, which drive this market size.
Restraint:
Environmental hazards
The underwater vehicles equipped with thrusters can potentially contribute to environmental degradation in several ways. There's a risk of chemical contamination from the materials used in thruster construction, such as lubricants, coatings, or metals, adversely affecting marine ecosystems. Additionally, the physical disturbance caused by the movement of AUVs with powerful thrusters may disrupt fragile underwater habitats, such as coral reefs or seabed ecosystems, creating noise and disturbing marine life, which is hampering the market.
Opportunity:
Increase in offshore industries
Offshore industries rely on hands-free underwater thrusters to increase AUVs for various critical tasks, including subsea inspections, pipeline maintenance, and environmental monitoring. They enable these vehicles to operate autonomously, reducing the need for constant human intervention and contributing to the efficiency and cost-effectiveness of underwater operations. Moreover, these technologies enhance operational capabilities, reduce human risks, and meet the demands of offshore exploration and production in a variety of industrial contexts, which are propelling this market size.
Threat:
Limited awareness and education
Despite technological advancements, potential users and research institutions may lack awareness of the benefits and capabilities of hands-free underwater thrusters. The education and training required to operate and maintain hands-free underwater thrusters may be limited in the area. Furthermore, the technology behind these thrusters can be complex, requiring specialized knowledge and skills to utilize them effectively. Insufficient knowledge about the uses, benefits of operations, and long-term financial gains could hinder the expansion of the market.
Covid-19 Impact
The COVID-19 pandemic has caused delays in projects, decreased investments in underwater exploration, and disruptions in global supply chains, all of which have had a negative effect on the hands-free underwater thruster market. The reduction in industrial activities brought about by lockdowns and restrictions had an impact on the demand for autonomous underwater vehicles. Additionally, the economic downturn prompted budget constraints in research and development, which hindered field operations.
The hybrid thruster segment is expected to be the largest during the forecast period
The hybrid thruster segment is estimated to hold the largest share, due to a cutting-edge propulsion technology that blends electric and conventional propulsion systems. The hybrid configuration enables seamless transitions allowing for enhanced energy efficiency and extended operational endurance. In addition, one of the key advantages of hybrid thrusters is their adaptability to various underwater applications, including use in autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs), particularly well-suited for tasks such as subsea inspections and research in diverse underwater environments which are boosting this segment growth.
The underwater operations segment is expected to have the highest CAGR during the forecast period
The underwater operations segment is anticipated to have highest CAGR during the forecast period. These advanced propulsion systems find extensive applications in underwater operations across various industries, contributing to enhanced efficiency, safety, and maneuverability. This covers duties like maintenance, surveillance, and submerged exploration. Furthermore, these underwater thrusters enable researchers to conduct precise and autonomous data collection in oceanography, marine biology, and environmental sciences beneath the water's surface, thereby significantly driving this segment’s expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period. The region is known for its extensive coastline and abundant marine resources, which has led to increased demand for underwater exploration and research activities. These thrusters are widely used in marine research and exploration, offshore oil and gas industries, military and defense operations, and environmental monitoring. Moreover, some governments in the region are taking initiatives to promote the development and adoption of autonomous technologies like artificial intelligence, machine learning, and sophisticated sensor systems, which are boosting this region.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to government programs that support the development of underwater technology. These programs, which are a part of research, defense, and environmental initiatives, provide funding to support the development of autonomous underwater vehicles (AUVs) with hands-free thrusters. Some of the major key players, including Subsea 7, Teledyne Technologies, Kongsberg Group, and Bluefin Robotics, also contribute to the adoption of cutting-edge technologies. In addition, collaboration between research institutions and government initiatives further propels this region’s expansion.
Key players in the market
Some of the key players in the Hands-Free Underwater Thruster Market include Teledyne Marine, CudaJet, Subsea 7, Oceaneering International, Kongsberg Maritime, Bluefin Robotics, Aquarobotman, Saab Seaeye, Scubajet and Zapata.
Key Developments:
In October 2023, Kongsberg Maritime and BMA Technology have formed a strategic collaboration alliance to support the supply of low voltage electrical products and engineering services to Turkish shipyards.
In August 2023, Zapata AI, a software company building solutions to enterprises’ most computationally complex problems, announced it has entered a strategic alliance with IonQ, an industry leader in quantum computing hardware and commercial quantum application development.
In July 2023, Teledyne Marine, a global leader in underwater technology, is thrilled to announce the launch of its highly anticipated annual photo and data contest, which invites participants worldwide to capture the breathtaking beauty of the underwater realm through their lenses.
In January 2023, SCUBAJET announces a new Performance Series and unveils revolutionary Hybridboard. The revolutionary board combines e-Foil and e-Surf in the ultimate combo.
Types Covered:
• Motorized Thruster
• Hybrid Thruster
• Propeller Thruster
• Impeller Thruster
Applications Covered:
• Underwater Adventure
• Military
• Underwater Operations
• Underwater Rescue
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hands-Free Underwater Thruster Market, By Type
5.1 Introduction
5.2 Motorized Thruster
5.3 Hybrid Thruster
5.4 Propeller Thruster
5.5 Impeller Thruster
6 Global Hands-Free Underwater Thruster Market, By Application
6.1 Introduction
6.2 Underwater Adventure
6.3 Military
6.4 Underwater Operations
6.5 Underwater Rescue
6.6 Other Applications
7 Global Hands-Free Underwater Thruster Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Teledyne Marine
9.2 CudaJet
9.3 Subsea 7
9.4 Oceaneering International
9.5 Kongsberg Maritime
9.6 Bluefin Robotics
9.7 Aquarobotman
9.8 Saab Seaeye
9.9 Scubajet
9.10 Zapata
List of Tables
1 Global Hands-Free Underwater Thruster Market Outlook, By Region (2021-2030) ($MN)
2 Global Hands-Free Underwater Thruster Market Outlook, By Type (2021-2030) ($MN)
3 Global Hands-Free Underwater Thruster Market Outlook, By Motorized Thruster (2021-2030) ($MN)
4 Global Hands-Free Underwater Thruster Market Outlook, By Hybrid Thruster (2021-2030) ($MN)
5 Global Hands-Free Underwater Thruster Market Outlook, By Propeller Thruster (2021-2030) ($MN)
6 Global Hands-Free Underwater Thruster Market Outlook, By Impeller Thruster (2021-2030) ($MN)
7 Global Hands-Free Underwater Thruster Market Outlook, By Application (2021-2030) ($MN)
8 Global Hands-Free Underwater Thruster Market Outlook, By Underwater Adventure (2021-2030) ($MN)
9 Global Hands-Free Underwater Thruster Market Outlook, By Military (2021-2030) ($MN)
10 Global Hands-Free Underwater Thruster Market Outlook, By Underwater Operations (2021-2030) ($MN)
11 Global Hands-Free Underwater Thruster Market Outlook, By Underwater Rescue (2021-2030) ($MN)
12 Global Hands-Free Underwater Thruster Market Outlook, By Other Applications (2021-2030) ($MN)
13 North America Hands-Free Underwater Thruster Market Outlook, By Country (2021-2030) ($MN)
14 North America Hands-Free Underwater Thruster Market Outlook, By Type (2021-2030) ($MN)
15 North America Hands-Free Underwater Thruster Market Outlook, By Motorized Thruster (2021-2030) ($MN)
16 North America Hands-Free Underwater Thruster Market Outlook, By Hybrid Thruster (2021-2030) ($MN)
17 North America Hands-Free Underwater Thruster Market Outlook, By Propeller Thruster (2021-2030) ($MN)
18 North America Hands-Free Underwater Thruster Market Outlook, By Impeller Thruster (2021-2030) ($MN)
19 North America Hands-Free Underwater Thruster Market Outlook, By Application (2021-2030) ($MN)
20 North America Hands-Free Underwater Thruster Market Outlook, By Underwater Adventure (2021-2030) ($MN)
21 North America Hands-Free Underwater Thruster Market Outlook, By Military (2021-2030) ($MN)
22 North America Hands-Free Underwater Thruster Market Outlook, By Underwater Operations (2021-2030) ($MN)
23 North America Hands-Free Underwater Thruster Market Outlook, By Underwater Rescue (2021-2030) ($MN)
24 North America Hands-Free Underwater Thruster Market Outlook, By Other Applications (2021-2030) ($MN)
25 Europe Hands-Free Underwater Thruster Market Outlook, By Country (2021-2030) ($MN)
26 Europe Hands-Free Underwater Thruster Market Outlook, By Type (2021-2030) ($MN)
27 Europe Hands-Free Underwater Thruster Market Outlook, By Motorized Thruster (2021-2030) ($MN)
28 Europe Hands-Free Underwater Thruster Market Outlook, By Hybrid Thruster (2021-2030) ($MN)
29 Europe Hands-Free Underwater Thruster Market Outlook, By Propeller Thruster (2021-2030) ($MN)
30 Europe Hands-Free Underwater Thruster Market Outlook, By Impeller Thruster (2021-2030) ($MN)
31 Europe Hands-Free Underwater Thruster Market Outlook, By Application (2021-2030) ($MN)
32 Europe Hands-Free Underwater Thruster Market Outlook, By Underwater Adventure (2021-2030) ($MN)
33 Europe Hands-Free Underwater Thruster Market Outlook, By Military (2021-2030) ($MN)
34 Europe Hands-Free Underwater Thruster Market Outlook, By Underwater Operations (2021-2030) ($MN)
35 Europe Hands-Free Underwater Thruster Market Outlook, By Underwater Rescue (2021-2030) ($MN)
36 Europe Hands-Free Underwater Thruster Market Outlook, By Other Applications (2021-2030) ($MN)
37 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Country (2021-2030) ($MN)
38 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Type (2021-2030) ($MN)
39 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Motorized Thruster (2021-2030) ($MN)
40 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Hybrid Thruster (2021-2030) ($MN)
41 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Propeller Thruster (2021-2030) ($MN)
42 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Impeller Thruster (2021-2030) ($MN)
43 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Application (2021-2030) ($MN)
44 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Underwater Adventure (2021-2030) ($MN)
45 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Military (2021-2030) ($MN)
46 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Underwater Operations (2021-2030) ($MN)
47 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Underwater Rescue (2021-2030) ($MN)
48 Asia Pacific Hands-Free Underwater Thruster Market Outlook, By Other Applications (2021-2030) ($MN)
49 South America Hands-Free Underwater Thruster Market Outlook, By Country (2021-2030) ($MN)
50 South America Hands-Free Underwater Thruster Market Outlook, By Type (2021-2030) ($MN)
51 South America Hands-Free Underwater Thruster Market Outlook, By Motorized Thruster (2021-2030) ($MN)
52 South America Hands-Free Underwater Thruster Market Outlook, By Hybrid Thruster (2021-2030) ($MN)
53 South America Hands-Free Underwater Thruster Market Outlook, By Propeller Thruster (2021-2030) ($MN)
54 South America Hands-Free Underwater Thruster Market Outlook, By Impeller Thruster (2021-2030) ($MN)
55 South America Hands-Free Underwater Thruster Market Outlook, By Application (2021-2030) ($MN)
56 South America Hands-Free Underwater Thruster Market Outlook, By Underwater Adventure (2021-2030) ($MN)
57 South America Hands-Free Underwater Thruster Market Outlook, By Military (2021-2030) ($MN)
58 South America Hands-Free Underwater Thruster Market Outlook, By Underwater Operations (2021-2030) ($MN)
59 South America Hands-Free Underwater Thruster Market Outlook, By Underwater Rescue (2021-2030) ($MN)
60 South America Hands-Free Underwater Thruster Market Outlook, By Other Applications (2021-2030) ($MN)
61 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Country (2021-2030) ($MN)
62 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Type (2021-2030) ($MN)
63 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Motorized Thruster (2021-2030) ($MN)
64 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Hybrid Thruster (2021-2030) ($MN)
65 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Propeller Thruster (2021-2030) ($MN)
66 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Impeller Thruster (2021-2030) ($MN)
67 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Application (2021-2030) ($MN)
68 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Underwater Adventure (2021-2030) ($MN)
69 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Military (2021-2030) ($MN)
70 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Underwater Operations (2021-2030) ($MN)
71 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Underwater Rescue (2021-2030) ($MN)
72 Middle East & Africa Hands-Free Underwater Thruster Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
