Underwater Robotics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3955 | Report Format : | Status : Upcoming |

Abstract

Global Underwater Robotics Market: Overview

The underwater robotics can be bifurcated into remotely operated vehicles (ROVs) and autonomous underwater vehicles. In the past few years, these vehicles are being used broadly for seafloor explorations. This development has turned out to be beneficial since it provides optimized data at a reduced cost.

Global Underwater Robotics Market: Growth Factors

A major factor that is driving the underwater robotics market is the increasing use of underwater surveillance for defense and offshore oil and gas exploration activities. Use of remotely operated vehicles for development, drilling, maintenance, and repair operations of offshore oil and gas exploration to overcome restrictions from human divers contributes to the growth of the underwater robotics market. Robotics is being used extensively in the manufacturing sector. Huge developments are being made in the military and law enforcement applications by making use of robotics thus improving the defense infrastructure. This is positively contributing to the growth of the global market. By making use of underwater robotics for underwater surveillance has helped in overcoming the limitations posed by the traditional submarines. Government support and increased investments for developments in military and navy applications are other factors driving the growth of the market.

To solve the limitations such as communication and navigation issues while deploying underwater robotics is challenging, thus affecting adversely to market growth.

Global Underwater Robotics Market: Segmentation

The global underwater robotics market is categorized based on its type and application. In terms of type, the underwater robotics market is bifurcated into autonomous underwater vehicles (AUV) and remotely operated vehicle (ROV). Based on application, the market is segregated into scientific research, defense & security, commercial exploration, and others.

Global Underwater Robotics Market: Regional Analysis

It is anticipated that Europe will dominate the underwater robotics market. A factor contributing to this dominance is the rising activities of offshore oil and gas exploration in the European countries. The market growth is expected to be rapid in the coming years owing to the growing investments in the defense zones by several countries. The U.S. is making huge investments to improve their overall defense sector. Investments were made to make advancements in the variable payload unmanned undersea vehicles to improve their capabilities. The U.S. Navy invested heavily to develop its overall operations such as surveillance and acoustic surveillance, rescue actions and antisubmarine warfare setups, and marine countermeasure. All these factors are contributing to the growth of the North American underwater robotics market. A substantial growth rate is expected in the Asia Pacific region in the coming years. Factors supporting this growth are the increasing use of underwater robotics in defense, rising activities of oil and gas exploration, and the growing interest in the autonomous marine vehicles by countries such as Japan, China, Australia, and India.

Global Underwater Robotics Market: Competitive Players

The potential market players in the underwater robotics market include Oceaneering International, Inc., International Submarine Engineering, Schilling Robotics, Inuktun Services Ltd., Bluefin Robotics Corp., and Saab AB, among others.

Global Underwater Robotics Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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