Underwater Robotics Market Research Report
The GMI Research forecasts that the underwater robotics
market is witnessing an upsurge in demand during the forecast period. This is
mainly due to the rising use of underwater robots, especially in underwater surveillance
and offshore oil and gas exploration, and the rising adoption of robotics in
defense and security application.
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Underwater
Robotics Market’s leading Manufacturers:
·
ATLAS MARIDAN Aps
·
Deep Ocean Engineering, Inc.
·
Bluefin Robotics
·
ECA Group
·
International Submarine Engineering Limited
·
Inuktun Services Ltd.
·
Oceaneering International, Inc.
·
Saab Seaeye Ltd.
·
Schilling Robotics, LLC
·
Soil Machine Dynamics Ltd.
Underwater
Robotics Market Dynamics (including market size, share, trends, forecast,
growth, forecast, and industry analysis)
Key Drivers
The rising use of underwater robots, especially in
underwater surveillance and offshore oil and gas exploration, is an important
factor contributing to the growth of the underwater
robotics market. For instance, the Remotely Operated Vehicles (ROVs) are
being used for development, drilling, maintenance operations, and repair for
gas exploration and offshore oil. Furthermore, the rising adoption of robotics
in the defense and security application will open new doors for the growth of
the market during the forecast period. In the last few years, robotics is being
used in the manufacturing industry. The continuous development and innovation for
a more sophisticated and reliable application of underwater robotics,
particularly in the military and law enforcement industry, is further projected
to stimulate the growth of the market.
Various countries government is investing in this technology
for advanced military applications that include surveillance, communication,
intelligence, navigation, investigation, and several other uses. For instance,
the U.S. Defence Advanced Research Projects Agency (DARPA) agreed on a
partnership of USD 4.6 Million with BAE Systems for the development of Unmanned
Underwater Vehicles (UUV). Moreover, the government of China has deployed
underwater drones called the Sea Wing Gliders in the Indian Ocean, which are
used to handle the activities of the naval forces of neighbor economies.
Thereby, the increasing focus on underwater robotics is expected to bring
various new growth opportunities for the market. The underwater robotics
technology has helped in performing various tasks, including working in a
difficult circumstance within the water bodies like rivers, oceans, and seas,
where the safety and provides access to divers. On the other hand, the factors
restraining the growth of the underwater robotics market include the high
initial capital investment needed by underwater robotics and the failures
during the performing of underwater expeditions or surveys.
Underwater
Robotics Market Segmentation:
Segmentation by Type:
·
Remotely Operated Vehicle (ROV)
·
Autonomous Underwater Vehicles (AUV)
Segmentation by Application:
·
Defense & Security
·
Commercial Exploration
·
Scientific Research
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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