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.
Request for a FREE Sample Report on Underwater Robotics Market
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
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
