According to Fortune Business Insights™, the   urban air mobility market   size was USD 4.21 billion in 2024. The market is projected to grow from USD 5.00 billion in 2025 to USD 14.64 billion in 2032 at a CAGR of 16.6% during the 2025–2032 period. This vital information is presented in its report titled, “Urban Air Mobility Market, 2025–2032.” Factors such as increasing urbanization and degrading traffic conditions will boost the market during the forecast period. Also, rising demand for creating a faster, cleaner, safer, and interconnected transportation will fuel the growth of the market.

List of Key Players Present in the Market

• Textron Inc. (U.S.)
• Uber Technologies Inc. (U.S.)
• Airbus SE (Netherlands)
• Ehang (China)
• Safran SA (France)
• Volocopter (Germany)
• Lilium Aviation GmbH (Germany)
• Carter Aviation (U.S.)
• AIRSPACEX (U.S.)
• Aurora Flight Sciences (U.S.)

Source:

https://www.fortunebusinessinsights.com/urban-air-mobility-uam-market-106344

Segments

Vehicle Type, Range, Operation, End User, and Region are studied for the Market

Based on vehicle type, the market is segmented into air taxis, air metro, air ambulance, last-mile delivery, and others.

By range, the market is divided into intercity and intracity.

In terms of operation, the market is broken down into including piloted, hybrid, and autonomous.

By end user, the market is fragmented into ride-sharing companies, scheduled operators, e-commerce companies, hospitals and medical agencies, and private operators.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage

The report focuses on providing a detailed insight into the inner working of the urban air mobility sector by uncovering the segments and subsegments for the market. Factors such as R&D capabilities and optimization of the manufacturing process for the dominant players are covered. Besides, ongoing market trends and upcoming industry developments are noted. The report also focuses on several growth factors that have contributed for the growth of the market over the past years.

Drivers & Restraints

Rising Demands for   Green Solutions to Bolster Market Growth

Rising demand for alternative modes of transport and rocketing road traffic is expected to boost the urban air mobility market growth during the forecast period. Also, growing urban population and increasing growing urban population will fuel the growth of the market. Additionally, utilization of autonomous UAMs is expected to bore lower pollution, short travel times, and decrease demand on current transportation infrastructure. These factors will boost the market growth.

However, factors such as rising security concern, high initial investment, and limited government supportive in terms of regulatory framework will limit the market during the forecast period.

Regional Insights

North America to Hold Largest Market Share Due to Presence of Dominant Players

North America will capture the largest urban air mobility market share during the forecast period, owing to increasing presence of dominant players coupled with rising adoption measures. Also, rising air traffic among residents will fuel the demand for air taxis and airport shuttle services. Factors such as last-mile and freight services coupled with eVTOL aircrafts will boost the market growth.

Europe will register the fastest growing market during the forecast period due to the region being the breeding ground for a majority of technology innovations. Rising investment opportunities as well as presence of prominent players will foster growth for the market.

Competitive Landscape

Product Development to be at the Forefront for Developing a Sustainable Market

The market for urban air mobility is still at a budding stage with the dominant players competing for capturing a larger consumer base. The market is expected to grow at a steady rate by strategies such as collaboration, mergers & acquisitions, and developing and launching novel products to capture an attentive audience. For example, in May 2021, Volocopter revealed the Voloconnect. It is an electric vertical take-off and landing aircraft (eVTOL), which is designed for connecting suburbs and cities. This product will integrate with Volocopter’s existing intra-city aircraft series.

Industry Development

• April 2024   – Unifly, part of the Terra Drone Corporation Group, announced the completion of the CORUS-XUAM project. This collaborative initiative aims to reshape the urban air mobility landscape in the years ahead.
• March 2024   – The U.K. government pledged to introduce a funding plan to support industry stakeholders in launching passenger-carrying, piloted eVTOL air services by 2026. Trials of autonomous flights are expected to begin by 2030.

According to Fortune Business Insights™, the global   marine seats market   size was valued at USD 419 million in 2023 and is projected to grow from USD 448.8 million in 2024 to USD 620.8 million by 2032, exhibiting a CAGR of 4.1% during the forecast period. North America dominated the marine seats market with a market share of 47.14% in 2023. Marine seats are designed for utilization in boats, yachts, and other types of ships. They are made from durable and weather-resistant materials which can withstand harsh conditions and offer comfort and support to passengers, which will propel market growth. This information in its report titled “Marine Seats Market, 2024-2032.”

List of Key Players Profiled in the Market Report:

• NorSap AS (Norway)
• Stidd Systems Inc. (U.S.)
• Shockwave Seats (Canada)
• Jiangsu Trasea Marine Seating Ltd. (China)
• ScotSeat Group (U.K.)
• Springfield Marine Company (U.S.)
• Ullman Dynamics (Sweden)
• Alu Design & Services AS (Norway)
• Todd Marine (U.S.)
• Cleemann Chair-Systems GmbH (Germany)
• TEK Seating (U.K.)

Source:

https://www.fortunebusinessinsights.com/marine-seats-market-106551

Segmentation:

Passenger Ships To Lead Due to Growth in the   Tourism Industry

On the basis of ship type, the market is divided into cruise ship, yacht, container ship, passenger ship, and others. The passenger ships segment dominated in 2022 and is anticipated to grow with the fastest CAGR due to growth in the tourism industry.

Passenger Seat To Lead Due To   Increasing Rate Of Passenger Traffic

On the basis of seat type, the market is divided passenger seat, captain seat, crew seat and others. The passenger segment dominated in 2022 with highest CAGR growth due to increasing rate of passenger traffic in marine industry .

Seat Material   Segment To Lead Due To Enhance Comfort Expectations

On the basis of component, the market is divided into seat structure and seat material. The seat material segment dominates the segment and has the highest CAGR due to enhance comfort expectations across different sectors.

Aftermarket To Lead Due To Rise In Replacement Of Marine Seats In Various Ships

On the basis of point-of-sale, the market is divided into OEM and aftermarket. The aftermarket segment dominates due to the rise in the replacement of marine seats in various ships.

Report Coverage:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints:

Rise In The Demand For Custom-Built Seats For Boats, Cruises, And Yachts To Propel The Demand For Product

Rise in the demand for custom-built seats for boats, cruises, and yachts is anticipated to drive the marine seats market growth. There has been an increase in the demand for custom-built seats to satisfy user pursuit of ergonomics, comfort, and technology. As the demand for unique and tailored marine experiences continues to grow, the trend of custom-built marine seats is likely to rise, providing boat and yacht owners with more options to create comfortable, stylish, and functional seating arrangements.

However, compliance with regulatory and strict rules related to the environment is expected to hamper the market growth.

Regional Insights:

North America To Lead Due To   Increasing Number Of Various Marine Activities

North America holds the largest part of the marine seats market share due to the rise in recreational boating, marine tourism, leisure activities, charter services, more boats, yacht manufacturing facilities, and others. The market stood at USD 54.9 billion in 2022. Europe has the second-largest market share due to growing tourism in the region. A swift increase in tourism in countries such as Italy, France, Greece, Norway, and others is anticipated to drive market growth.

Competitive Landscape:

Market Players Are Engaging In Strategies Such As Agreements, Partnerships, Acquisitions, and Others

The key market players are NorSap AS, Stidd Systems Inc. Jiangsu Trasea Marine Seating Ltd., and others. The market players are engaging in strategies such as agreements, partnerships, acquisitions, and others. In February 2022, Allsalt Maritime introduced the Shoxs Caster suspension seat series which are designed to offer a smooth ride for offshore boaters. The new Helmcaster and Saltcaster models have only a full-suspension, all-in-one seating system for recreational boating enthusiasts, eliminating the challenges of fitting seat pans to spring-based shock-absorbing sockets and modules.

Key Industry Development:

• January 2023   – Mayor Daniel J. Lyman of New Jersey announced that Hornblower Marine of Bridgeport, Connecticut, has secured a USD 9.8 million contract from New Jersey Transit to construct the county’s second 149-passenger ferry. The Lyman administration has also secured over USD 46 million in federal and state grants for the Carteret Ferry Terminal.
• May 2023   – Russia’s Southern Centre for Shipbuilding and Ship Repair, a division of United Shipbuilding Corporation, launched a new river cruise ship ordered by domestic operator Mashpromlizing. Part of the Project PKS 180 series, the vessel, named Aurum, will be 81.6 meters long, 13.93 meters wide, and accommodate 180 passenger seats across three decks upon completion.

According to Fortune Business Insights™, the global   optical satellite communication market   size was valued at USD 2,137.0 million in 2024. The market is projected to grow from USD 2,638.6 million in 2025 to USD 6,194.9 million by 2032, exhibiting a CAGR of 12.97% during the forecast period.

Data relay satellites prominently use optical communication, which continues to drive the market growth. For remote sensing, Earth observation, and other high-data applications, countries such as China, Japan, Russia, and the U.S. have already demonstrated successful inter-satellite optical communication for enhanced data transmission.

Fortune Business Insights™ presents this information in their report titled, "Optical Satellite Communication Market, 2025–2032."

List of Key Players Profiled in the Report:

• Ball Corporation (U.S.)
• BridgeComm, Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Laser Light Communications (U.S.)
• Mynaric (Germany)
• NEC Corporation (Japan)
• Surrey Satellite Technology (U.K.)
• Starlink (U.S.)
• Thales Group (France)
• Tesat-Space GmbH & Co. KG (Germany)

Soure:  

https://www.fortunebusinessinsights.com/industry-reports/optical-satellite-communication-market-100860

Segments:

Growing Use of CO2 Laser in Satellite Communication Drives Segmental Growth

Based on laser type, the market is divided into YAG laser, CO2 laser, Silex laser, others. Rising compliance of CO2 laser in satellite communications by offering efficient platform for data transmission dominates the market.

Telecommunications Segment to Dominate due to High Broadcasting Demand

By application, the market is categorized into telecommunication, tracking & monitoring, surveillance & security, space exploration, earth observation, and others. Increased demand for broadcasting services will contribute to the dominance of the telecommunication segment during the forecast period.

Importance of Components in Satellite Communication Systems to Spur Transmitters Growth

Based on component, the market is classified into receiver, transmitter, antenna, modular, and others. Due to its importance in electronic devices, the transmitter segment is expected to grow with a significant growth rate in optical satellite communication industry during the forecast period.

Geographically, the market is studied across North America, Europe, Asia Pacific, and Rest of the World.

Report Coverage:

The report offers: 

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market. 
• Comprehensive insights into the regional developments. 
• List of major industry players. 
• Key strategies adopted by the market players. 
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Optical Inter Satellites’ Superiority to Expand Market Share

Due to its several advantages, numerous companies are concentrated on developing projects in association with optical inter satellite communications. These projects are anticipated to increase the markets share for optical satellite communication. For its Starlink internet service, SpaceX deployed 2,000 satellites and are prepared to advance to new heights.

On the contrary, clouds can cause signal attenuation as they are capable of absorbing and scattering laser beams, which may hamper the optical satellite communication market growth.

Regional Insights

North America Leads due to Rising Space Exploration Activities

In 2022 North America dominated the market with a valuation of USD 0.71 billion. The region is expected to continue its dominance due to growing space exploration activities and high adoption of optical communication satellites.

Europe holds the second largest optical satellite communication market share due to its specialized application in military and scientific purposes.

Competitive Landscape

Strategic Partnerships and Innovations in Smallsats to Propel market Growth

The presence of market leaders fragments the optical satellite communication industry. Companies focus on to increase the market’s share by developing payloads for cubesats and smallsats. Nokia and Laser Light Communications have collaborated for the first phase of beta deployment of its optical software-defined network in various global locations.

Key Industry Development: 

September 2024   – Advanced Space was awarded a contract by   General Atomics Electromagnetic Systems (GA-EMS)   to support   Phase 1   of the   Enterprise Space Terminal (EST)   initiative for the   U.S. Space Force’s Space Systems Command (SSC) . The EST program is designed to improve the operational effectiveness of Department of Defense (DoD) platforms by developing a mesh laser communication network. This network will enable high-capacity, resilient communications between spacecraft operating   beyond Low Earth Orbit (bLEO) , with crosslink distances reaching up to   80,000 kilometers .

According to Fortune Business Insights™, the global   geospatial imaging market   size was valued at   USD 2.36 billion in 2024 . The market is projected to grow from   USD 2.77 billion in 2025   to   USD 7.42 billion by 2032 , exhibiting a   CAGR of 15.1%   during the forecast period.   North America dominated the geospatial imaging market with a market share of 34.68% in 2024.

Geospatial imaging captures, analyzes, and interprets a wide range of complex imagery and data pieces of the Earth’s surface and its features. It uses advanced technologies such as aerial photography, mapping systems, LiDAR, and remote sensing to analyze this data. The growing need for 3D maps for road networks and urban infrastructure is predicted to fuel the geospatial imaging market growth.

This information is presented in a report titled,   "Geospatial Imaging Market, 2025–2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Asia Air Survey Co., Ltd (AAS) (Japan)
• Cyient Limited (India)
• ESRI, Inc. (U.S.)
• Fugro N.V. (Netherlands)
• Hexagon AB (Sweden)
• NV5 Global, Inc. (U.S.)
• Pasco Corporation (Japan)
• Surdex Corporation (U.S.)
• Trimble, Inc. (U.S.)
• Woolpert Inc. (U.S.)

Source:

https://www.fortunebusinessinsights.com/geospatial-imaging-market-107834

Segments

Rapid Infrastructure Development and Maintenance to Augment Demand for Vehicle Mounted Devices

By platform, the market is categorized into drones, vehicle mounted device, mobile, and backpack. The vehicle mounted device segment is expected to dominate the geospatial imaging market share during the forecast period as these devices are used to enable the rapid development and maintenance of infrastructure.

Growing Need for Imaging Solutions from Construction Sector to Boost Product Use in Corridor Mapping Applications

Based on application, the market is segmented into corridor mapping, engineering, environment, exploration, ADAS and others. The corridor mapping segment dominated the market and is expected to register significant growth during the forecast period as the construction sector is increasingly demanding robust imaging solutions.

Infrastructure Industry to be a Major Product End-User with Rising Need for Surveying and Mapping from AEC Sector

By end-user industry, the market is divided into infrastructure, transportation & logistics, real estate, energy & utilities, and others. The infrastructure segment has captured a dominant position in the market as there is a high demand for surveying and mapping services from the Architecture, Engineering & Construction (AEC) industry.

With respect to region, the market covers North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage:

The report provides an in-depth analysis of the industry and highlights major areas such as optimization of the operating services and R&D capabilities. It also provides key insights into the market share, regional analysis, trends, competitive landscape of various companies profiled in the report, porter’s five forces analysis. The report also covers top industry developments. In addition to the above-mentioned factors, it sheds light on several factors that have contributed to the market growth in recent years.

Drivers and Restraints:

Increasing Demand for 3D Mapping of Cities and Road Networks to Fuel Market Growth

The significance of geospatial data has increased tremendously in recent years due to factors such as large-scale urbanization and rollout of advanced infrastructure development projects. This data will be used by end-users for land management, effective planning, and infrastructure monitoring activities. Using 3D maps of cities can help individuals visualize their surroundings and easily identify the landmarks, understand spatial relationships between different factors, and navigate through complex road networks. These factors are expected to augment the usage of geospatial imaging solutions.

However, rising concerns regarding data security and privacy as well as high data storage needs might impede the market growth.

Regional Insights:

North America to Dominate Global Market Due to Presence of Leading Companies

North America is expected to dominate the global market as the region has a vast presence of leading geospatial imaging solution developers such as Trimble Inc., Fugro N.V., ESRI Inc., NV5 Global, Inc., and many others.

Europe held the second-largest share in the market as the adoption of geospatial technologies increased tremendously for environmental control and asset management.

Competitive Landscape:

Leading Market Players to Focus on Technological Advancements, Emerging Markets, and Drone Imaging Solutions

The market is highly competitive due to the presence of leading companies such as Fugro N.V., Trimble, Inc., NV5 Global, Inc., ESRI Inc., Hexagon AB, Cyient Limited, Woolpert Inc., and others. These firms are increasing their focus on technological innovations, emerging markets, and drone imaging solutions to solidify their market presence.

Key Industry Development:

June 2023   - Axim Geospatial, LLC, a subsidiary of NV5 Global Inc., was given a prime contract with the National Geospatial-Intelligence Agency (NGA) under the GEOINT Enterprise Operations Service and Solutions Program with Industry, Core Mission Operations (GEO-SPI B). GEO-SPI B is a seven-year, multi-award deal worth around USD 900 million, aimed at offering robust geospatial intelligence (GEOINT) to NGA's Analysis and Source Directorates.

According to Fortune Business Insights, the global   aerial imaging market   size was valued at   USD 2,866.9 million in 2023. The market is anticipated to grow from   USD 3,153.6 million in 2024   to   USD 5,478.1 million by 2032, exhibiting a   CAGR of 7.15%   over the forecast period.   North America dominated the Aerial Imaging Market   with a   market share of 34.17% in 2023. This information is provided in its report titled,   “Aerial Imaging Market, 2024–2032.”

List of Key Players Covered in the Report

• Nearmap Inc. (U.S.)
• EagleView Technologies Inc. (U.S.)
• Cooper Aerial Surveys Co (U.S.)
• Vexcel Imaging Inc. (U.S.)
• Fugro N.V (Netherlands)
• AgEagle Aerial Systems Inc. (U.S.)
• Dronegenuity Inc. (U.S.)
• Ceres Imaging Inc (U.S.)
• Geovantage Inc (U.S.)
• Dronedeploy Inc. (U.S.)

Source:

https://www.fortunebusinessinsights.com/industry-reports/aerial-imaging-market-100069

Segmentation

Vertical Aerial Imaging Segment Held the Highest Share in 2021 Due to Growth in Various Mapping Related Applications

Based on the camera orientation, the market is classified into vertical and oblique

In terms of camera orientation, the global market is categorized into oblique and vertical.

The oblique segment held a higher market share and is projected to grow with the highest growth rate during the forecast period.

Low Oblique Segment Will Showcase Remarkable Growth Due to Rising Demand for Real Estate and Other Applications

By Oblique, the market is divided into Low and High Oblique.

Oblique aerial photographs provide the viewer with a comprehensible image of a location and is useful for looking at foreground building frontages.

The Low Oblique segment will grow with the highest CAGR during the forecast period.

Growing Use of Aerial Imaging by the Governments in Different Countries to Drive the Growth of the Market

Based on End-Use, the market is classified into Government, Defense, Forestry and Agriculture and Others (Infrastructure, Transport, Media, and Entertainment)

The Government segment is set to grow at the highest CAGR during the forecasted period.

The global aerial imaging market has been segmented into North America, Europe, Asia Pacific and the Rest of the World.

Report Coverage

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for technology in the near future.

Driving Factors

Rising Demand for Surveillance in Government and Defense Sector Will Propel Market Growth

Due to the numerous uses for aerial imagery services, including the creation of topographic maps, surveillance, photogrammetric surveys, and others, their use has substantially increased over the past few years. The demand for aerial imagery has increased as a result of the expanding use of surveillance drones for applications in public, wildlife, and critical infrastructure safety and security.

Regional Insights

North America to Hold Dominant Share Backed by Increasing Adoption of Technology

The aerial imaging market in North America, which accounted for the highest share in 2021, is anticipated to expand at a moderate CAGR over the expected period. Due to the region's thriving trade, economy, and presence of significant industries, this expansion is ascribed to the rising use of aerial images in the U.S. and Canada.

Due to the demand for aerial photography in the real estate and infrastructure sectors, Europe will have moderate development throughout the projection period. Due to the presence of large manufacturers and the usage of drones in the agriculture sector, this rise is ascribed to demand for use in nations like the United Kingdom, Germany, France, and others.

Competitive Landscape

Key Players Sign Significant Contracts to Make Remarkable Changes in Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing profitable revenue for their own company.

Key Industry Development

October 2024   –   Vexcel   carried out a large-scale aerial imagery operation following   Hurricane Milton , which made landfall as a   Category 3 storm on October 9, 2024 . The effort was part of Vexcel’s   Gray Sky Program , designed to deliver high-resolution imagery and damage assessments to aid post-disaster recovery efforts.

June 2024   –   Vexcel   entered a   strategic partnership with CAPE Analytics   to enhance property insights using high-resolution aerial imagery. The collaboration aims to boost CAPE’s ability to provide   predictive property risk analytics   across the   U.S., Canada, and Australia .

According to Fortune Business Insights, the global  anti drone market  size was valued at USD 2.45 billion in 2024. The market is projected to grow from USD 3.10 billion in 2025 to USD 12.24 billion by 2032, exhibiting a CAGR of 21.62% during the forecast period. North America dominated the anti drone market with a market share of 31.43% in 2024. This information is provided in its report titled, “Anti Drone Market, 2025–2032.”

List of Key Players Mentioned in the Report:

• Raytheon Technology Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• Israel Aerospace Industries (U.S.)
• DroneShield (Australia)
• Detect Inc (U.S.)
• Dedrone Holdings Inc. (U.S.)
• Liteye Systems Inc. (U.S.)
• Elbit Systems Ltd. (Israel)
• SaaB AB (Sweden)
• Thales Group (France)

Source:

https://www.fortunebusinessinsights.com/anti-drone-market-102593

Segments:

Interdiction Segment to Be the Fastest Growing Segment Due to Development of Advanced Technology to Counter Drones

By method, the market is segmented into detection and interdiction. Among these, the detection segment dominated the global anti drone market share in 2021. Detection segment held the largest market share in 2021.

Rise in Use of High Energy Lasers Will Propel the Market Growth

Based on technology, the market is classified into RF analyzer, acoustic sensors, optical sensors, radar, RF jammer, GPS spoofer, high power microwave devices, nets and guns, and high energy lasers. The RF jammer segment accounted for the largest market share in 2021.

Rise in Ground Based Anti Drone Systems to Propel the Growth of the Segment

Based on platform, the market is segmented into ground based, UAV, and handheld. The ground based segment accounted for the highest market share in 2021.

Report Coverage:

The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.

Drivers and Restraints:

Technological Advancement in Countering Drones to Drive the Anti Drone Market Growth

Companies around the world have started utilizing drones to block other drones in addition to modern radar and laser systems for drone hunting. Modern military systems are attempting to combat drone threats by utilizing technology, such as high-tech laser systems, radar systems, electronic signal jammers, and repurposed fighter planes with strong radars to look down and shoot UAVs.

Regional Insights:

North America to Lead Backed by Existence of Important Players

In 2021, North America led the market. The North American market, which was worth USD 0.44 billion in 2021, is anticipated to expand at a moderate CAGR over the foreseeable future. The expansion has been linked to the existence of important players in the defense industry.

The market in the Asia Pacific region is anticipated to grow at the highest CAGR due to rising defense spending and increased investment in counter-drone technology. The expansion of airport security measures and the region's efforts to secure its international borders are anticipated to fuel market expansion.

Growth in Europe is attributed to rising defense modernization spending as well as purchases of cutting-edge defense systems from other regional nations.

Competitive Landscape:

Key Players Sign Significant Contracts to Make Remarkable Changes in Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their own company.

Key Industry Development:

January 2025  –  Elbit Systems Ltd.  was awarded a contract worth approximately USD 60 million to deliver its multi-layered Counter-Unmanned Aerial Systems (C-UAS) to a European NATO member. The three-year contract includes the supply of Elbit’s ReDrone™ modular C-UAS system.

December 2024  –  OpenAI  partnered with  Anduril Industries Inc.  to incorporate its artificial intelligence technology into Anduril’s anti-drone systems. This marks OpenAI’s most significant entry into the defense sector to date.

The global   autonomous underwater vehicles (AUVs) market   size was valued at USD 1.16 billion in 2020. The market is forecast to rise from USD 1.33 billion in 2021 to USD 4.17 billion by 2028 at 17.80% CAGR during the 2021-2028 period.   Fortune Business Insights™   has deep-dived into these insights in its latest research report, titled, “ Autonomous Underwater Vehicles (AUVs) Market ,   2021-2028 .”

According to an analysis, demand for unmanned submersible vehicles will be pronounced due to rising demand from military and commercial sectors. The technology has become sought-after to boost border patrolling, oil & gas, and scientific approach portfolios. Prominently, the use of the vehicle for sea mapping and seafloor imaging will pick pace over the next few years.

Major Players Profiled in the Market Report:

• Fugro N.V. (Netherlands)
• General Dynamics Corporation (U.S.)
• International Submarine Engineering Ltd. (Canada)
• Kongsberg Gruppen A.S.A. (Norway)
• L3Harris Technologies, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Oceaneering International Inc. (U.S.)
• SAAB AB (Sweden)
• Teledyne Technologies Inc. (U.S.)
• Boeing (U.S.)
• Others

Information Source:   https://www.fortunebusinessinsights.com/autonomous-underwater-vehicle-market-105907

Segments

Type, Application, Propulsion System, Payload, and Region are Studied

Based on type, the market is segregated into large, medium, and small.

In terms of application, the market is segmented into defense, scientific research, and oil & gas industry.

On the basis of propulsion system, the market is fragmented into mechanical system, electric system, and hybrid system.

With respect to payload, the market is segmented into inertial navigation system, sensors, camera, and others.

In terms of geography, the market is segmented into North America, Asia Pacific, Europe, the Middle East, Latin America, and Africa.

Report Coverage

The report includes quantitative and qualitative analysis to provide a holistic view of the global market. The report also deep-dives into top-down and bottom-up approaches to provide a strategic approach on product mapping of leading players and new entrants. Primary sources, such as interviews with major stakeholders and opinion leaders, will further validate report’s authenticity. The report includes secondary sources, including annual reports, press releases, SEC filings, and website reports to bolster the authenticity of the report.

Drivers and Restraints

Bullish Demand from Defense to Encourage Product Portfolio Expansion

Industry participants expect bullish governments’ policies to foster the autonomous underwater vehicles (AUVs) market growth. The U.S. Navy has exhibited profound traction for AUVs for a host of applications, including intelligence, surveillance & reconnaissance (ISR), mine countermeasures (MCM), anti-submarine warfare (ASW), and inspection/identification (ID). To illustrate, in 2020, the U.S. Naval Sea Systems Command Washington inked around USD 11.1 million contract with Boeing to upgrade naval operations. Besides, the use of autonomous underwater vehicles in ocean exploration activities will augur well for the industry outlook. The IEA projects the demand for natural gas to surge at 1.5% by 2025. A notable rise in oil & gas production across Saudi Arabia, Iran, and Russia will encourage leading companies to invest in AUVs.

Meanwhile, uncertainty and reduced reliability in operational performance in communication systems may not bode well for the industry.

Regional Insights

Asia Pacific to Witness Investment Galore from Oil & Gas Industry

Stakeholders expect the Asia Pacific autonomous underwater vehicles (AUVs) market share to witness significant growth on the back of expanding commercial applications. Emerging economies, such as China and India, are likely to bank on the oil & gas sector. An uptick in exploration activities will expedite the technology adoption. Besides, the expansion of naval forces across Japan, China, Australia, and India will bode well for regional growth.

The North America industry forecast will be strong in the wake of strong governments’ policies on defense and R&D activities. Prominently, the U.S. has augmented the procurement of sophisticated AUVs for ISR operations. The North America market size was valued at around USD 0.39 billion in 2020 and will grow with surging investments in the defense budget.

Industry players are likely to increase their investments in Europe due to rising oil & gas exploration activities. Stakeholders predict the U.K., France, and Germany to provide lucrative investment opportunities. Besides, major OEMs, including Saab AB and Kongsberg Gruppen A.S.A. are slated to bolster their presence across untapped areas. Moreover, the defense sector will also exhibit strong demand for AUVs across the region.

Competitive Landscape

Leading Companies to Infuse Funds into Product Launches to Tap Markets

Industry players are likely to expand their portfolios, including mergers & acquisitions, product rollouts, R&D activities, and technological advancements. The prevailing trends indicate major companies could invest in strategic expansion during the forecast period.

Key Industry Developments

• 
  

  September 2021   – Fugro secured a contract from   TotalEnergies   to conduct a geohazard site investigation in   Suriname , involving the collection of   geophysical data   and   geotechnical soil samples .

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  April 2021   – Fugro received a contract from   Equinor   to carry out a   deep-water site investigation   in the   Flemish Pass offshore Canada , utilizing its latest   autonomous underwater vehicle (AUV) , the   Echo Surveyor VIII .

The global   drone services market   size was valued at   USD 24.12   billion   in 2024. The market is projected to grow from   USD 23.08   billion   in 2025   to   USD 213.87   billion   by 2032, exhibiting a CAGR of   38.9%   during the forecast period. Drone services refer to the use of Unmanned Aerial Vehicles (UAVs) for various purposes such as capturing images or video, delivering packages, conducting surveys, and so on. Drones are equipped with sensors, cameras, and other technologies that enable them to perform a wide range of tasks. These services are useful in several applications including agriculture, construction, real estate, and others. Moreover, they can also be used in hazardous environments such as to inspect power lines and oil wells. This is propelling their demand and driving market expansion in the forthcoming years. This information is provided by   Fortune Business Insights , in its report titled, “ Drone Services Market, 2025-2032 .”

List of Key Players Mentioned in the Report:

• Aerodyne Group (Malaysia)
• Terra Drone (Japan)
• AgEagle Aerial Systems Inc. (U.S.)
• Cyberhawk (U.K.)
• DroneDeploy (U.S.)
• Matternet (U.S.)
• PrecisionHawk (U.S.)
• Phoenix Drone Services LLC (U.S.)
• SenseFly (Switzerland)
• Sky Futures Ltd (U.K.)

Source:

https://www.fortunebusinessinsights.com/drone-services-market-102682

Segments:

Drone Platform Services Segment to Dominate Owing to the Rising Use of Drones for Public Safety

Based on service type, the market is divided into drone platform services, drone MRO services, and drone training & simulation services. Among these, the drone platform services segment lead the market in 2022. Drone platform services refer to a range of hardware and software solutions that enable the efficient and safe operation of drones. The rising use of drones for public safety and emergency response further attributed to segment growth.

Surveillance & Inspection Segment to Hold Major Share Stoked by Surging Use in Oil and Gas Sector

As per application, the market is divided into aerial photography, product delivery, surveillance & inspection, data acquisition & analytics, and others. The surveillance & inspection segment captured the largest market share due to the rising demand of drones for surveillance and inspection operations in agriculture, mining, and oil and gas sectors.  

Infrastructure Segment to Dominate Due to Rising Product Demand for Aerial Surveying and Mapping

According to end-use industry, the market is arrayed into agriculture, infrastructure, oil & gas, logistics, and others. The infrastructure segment held the largest market share due to the usage of drones in aerial mapping and surveying in the construction industry.

Geographically, the market is segregated into North America, Europe, Asia Pacific, the Middle East, and Rest of the World.

Report Coverage:

The report entails valuable insights regarding growth stimulants and restraints affecting market dynamics. The market is studied at both micro and macro levels by dividing it into segments and regions. Market share, growth rate, and valuation of each region and segment is also given in the report. Moreover, the impact of COVID-19 and the Russia-Ukraine War is analyzed as well.

Drivers and Restraints:

Surging Demand for Drone Services from Agriculture, Construction, and Other End-use Industries to Drive Market Growth

Drones are becoming lighter and smaller making them more reliable to perform a wide variety of tasks such as disaster relief, search and rescue, and monitoring. They offer various benefits such as cost-effectiveness, safety, and efficiency. Moreover, technological developments such as artificial intelligence are making it easier to automate drones making them ideal for use for inspection and surveying purposes in construction, agriculture, and energy sectors. They can cover large areas safely and quickly reducing the risk of accidents and need for manual labor. These factors are driving the drone services market growth over the forecast period.

On the other hand, concerns regarding the safety of drones and stringent government regulations regarding their usage will hinder market expansion in the forthcoming years.

Regional Insights:

North America to Lead Due to the Presence of Major OEMs in the Region

North America captured majority of the drone services market share in 2022 owing to rising investments in R&D of advanced drone technologies and presence of leading OEMs in the region. For example, in March 2023, Wing launched its new delivery system. The system includes customizable, cost-effective pickup stations, and numerous charging hubs.

The Europe market is projected to grow significantly in the forthcoming years owing to the growing demand for introspection services. Moreover, the European Union Aviation Safety Agency (EASA) has developed regulations to allow the usage of drones in commercial operations, thus creating a favorable regulatory environment contributing to regional market growth.

Competitive Landscape:

Product Innovations by Leading Companies to Aid Market Augmentation

Leading companies in the global market are focusing on product innovations and geographical expansions to earn higher profits and hold the largest market share. They are expanding their services to the renewable energy industry, providing services such as wind turbine inspections, solar panel inspections, and oil and gas pipeline inspections.

Key Industry Development:

January 2024   –   AFWERX , the innovation division of the U.S. Air Force, selected   Advanced Aircraft Company   to further develop its   Hybrid Advanced Multirotor (HAMR)   unmanned aircraft system. Under a   $1.25 million contract , the company will advance its   hybrid-electric drone technology   to support military operations. The initiative aims to equip warfighters with a   durable and efficient uncrewed aircraft   capable of performing support missions in   challenging and austere environments .