The global demand for Underwater Robotics Market is presumed to reach the market size of nearly USD 13.59 MN by 2030 from USD 5.27 MN in 2022 with a CAGR of 4.5% under the study period 2023 - 2030.
Underwater robotics, also known as underwater vehicles used for critical operations which cannot be carried out by manpower. Underwater robotics are used in places where the safety of divers is at stake, like deep inside oceans, seas, etc. Underwater robotics has a wide range of applications in oil and gas, marine exploration, defense and security and many other industries. Underwater robotics is an important technology miners use to explore deep sea mineral wealth.
The growing use of underwater robotics in defense and oil and gas sector for drilling, repair, and maintenance, to overcome the limitations of human subsea divers’ activities, is expected to witness substantial growth over the forecast period. Moreover, the utilization of underwater robotics in a wide range of applications such as marine biology, underwater research, and marine-related studies is fuelling the underwater robotics market growth. The increasing investments in underwater robotics research and development by governmental organizations have helped the overall growth of the underwater robotics industry. Furthermore, the applications of underwater robotics for salvage, rescue, and repair operation are fueling the market growth at a rapid rate. In addition, technological advancements and the utilization of sensors are impacting the overall growth of the underwater robotics industry. However, the costs incurred for manufacturing such underwater robots are hindering the overall growth of the underwater robotics market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of underwater robotics. The growth and trends of underwater robotics industry provide a holistic approach to this study.
This section of the underwater robotics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Remotely Operated Vehicle (ROV)
- Autonomous Underwater Vehicles (AUV)
- Defense & Security
- Commercial Exploration
- Scientific Research
This section covers the regional outlook, which accentuates current and future demand for the Underwater Robotics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Underwater Robotics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the underwater robotics market include Oceaneering International, Bluefin Robotics Corp, International Submarine Engineering, Schilling Robotics LLC, Saab AB, Inuktun Services Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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