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Global Underwater Robotics Market by Application (Defense & Security, Commercial Exploration, Scientific Research), by Type (ROV, AUV) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: NT-74983
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 66
  • No. Of Pages: 223
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

In 2017, the global underwater robotics market was valued at USD 2.52 Billion. It is projected to grow at a compound annual rate (CAGR), of 13.5% between 2018 and 2025. Market growth is expected to be boosted by the potential use of underwater surveillance and offshore oil & gas exploration. Remotely operated vehicles (ROVs), for example, are widely used to drill, develop, repair and maintain offshore oil and gas exploration. They also overcome the limitations of subsea divers.

Market growth is expected to be driven by the increasing adoption of robotics for defense and security applications. In manufacturing, robotics has been widely used over the last few years. They have been improved over time and are now more reliable and sophisticated for law enforcement and military applications.

Submarines have been the mainstay of underwater surveillance. The advancements in underwater robotics mean that there is now additional equipment to assist with underwater surveillance. Governments across different countries are investing in this technology for advanced military applications such as intelligence, surveillance, investigation, mine countermeasure, oceanography, communication/navigation, anti-submarine warfare, and others. In July 2017, for example, the U.S. Defense Advanced Research Projects Agency signed a USD 4.6 million contract with BAE Systems. to develop an Unmanned Underwater Vehicle (UUV). This will allow manned submarines to detect targets using sonar pulses.

When it comes to underwater robotics deployment, communication and navigation are major issues. These issues are often hard to solve. Information is transmitted underwater using electromagnetic (EM), sound waves (FSO), or free-space optical(FSO). Sound waves used for communication below the surface of water can be affected by temperature gradients and surface noise.

Due to its conductivity, electromagnetic waves don't perform well in water. FSO waves can be used underwater as a wireless communication carrier. It is limited to extremely short distances. A complex signal processing and extra power are also required to enable underwater communication. In the long-term, underwater robot adoption is expected to be limited by communication and navigation problems in deep waters.

Type Insights

The market was divided into two types: ROV and AUV. In 2017, ROV accounted for more than 86.0% of the market. The ROVs will lose market share, while AUVs will gain ground over the next seven year. The ROV market segment's growth is due to the rising offshore deep-sea drilling industry and its ability to perform underwater operations like drilling, equipment assembly, and maintenance.

Over the forecast period, AUVs are expected to experience significant growth. This is due to increasing adoption of AUVs in defense applications like surveillance, mine counter measurement and anti-warfare. The potential for use in ocean floor mapping and testing water samples, as well as polar ice research and pipeline inspection, will drive further expansion during the forecast period.

Application Insights

The market for underwater robotics can be divided into three segments based on their application: defense and security and commercial exploration. Scientific research is another segment. In 2017, the largest segment was commercial exploration. This segment is forecast to grow at 14.8% CAGR over the forecast period.

This is due to the increasing use of offshore oil and gas exploration, as well as undersea mineral exploration. One of the most important technologies that miners use for deep-sea mineral riches is underwater robotics. Mining companies are using robotics technology to mine the richest mineral deposits beneath the seabed. Nautilus Minerals, a Canadian company, plans to deploy underwater robots at 1,600 m below the Papua New Guinea waters to extract precious metals like gold, silver, copper.

Regional Insights

Europe dominated the market with a revenue of USD 855.6 millions in 2017. Due to increased offshore oil and gas exploration in Europe, the region will contribute significantly to the global market share. In May 2018, Lukoil of Russia, an oil company, completed the construction of a third well at Filanovsky Field of the Caspian Sea.

The forecast period will see significant growth in Asia Pacific due to the increasing use of underwater robotics for defense and oil and natural gas exploration in countries like China, India, South Korea and Japan.

Market Share Insights & Key Companies

Due to the existence of both large and small players, there is strong competition on the market. Established players dominated the market. Companies with innovative products are challenging established players. To expand their product range and strengthen their market position, underwater robotics companies are using acquisitions and new product development.

Oceaneering International, Inc., for example, announced in October 2016 that it would expand its AUV operations in West Africa to support existing and potential customers. The market for underwater robotics is dominated by the following players:

  • Oceaneering International

  • Bluefin Robotics Corp

  • International Submarine Engineering

  • Schilling Robotics LLC

  • Saab AB

  • Inuktun Services Ltd.

Up Market Research published a new report titled “Underwater Robotics Market research report which is segmented by Application (Defense & Security, Commercial Exploration, Scientific Research), by Type (ROV, AUV), By Players/Companies Oceaneering International, Inuktun Services Ltd, Bluefin Robotics Corp, Schilling Robotics LLC, International Submarine Engineering, Saab AB”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleUnderwater Robotics Market Research Report
By ApplicationDefense & Security, Commercial Exploration, Scientific Research
By TypeROV, AUV
By CompaniesOceaneering International, Inuktun Services Ltd, Bluefin Robotics Corp, Schilling Robotics LLC, International Submarine Engineering, Saab AB
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages223
Number of Tables & Figures157
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Underwater Robotics Industry Outlook

Global Underwater Robotics Market Report Segments:

The market is segmented by Application (Defense & Security, Commercial Exploration, Scientific Research), by Type (ROV, AUV).

Underwater Robotics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Underwater Robotics Market

Overview of the regional outlook of the Underwater Robotics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Underwater Robotics Market Overview

Highlights of The Underwater Robotics Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Underwater Robotics Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Defense & Security

                2. Commercial Exploration

                3. Scientific Research

        7. By Type:

                1. ROV

                2. AUV

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Underwater Robotics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Underwater Robotics Market Trends

Reasons to Purchase the Underwater Robotics Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underwater Robotics Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Underwater Robotics Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Underwater Robotics Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Underwater Robotics Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Underwater Robotics Market Size & Forecast, 2018-2028 
      4.5.1 Underwater Robotics Market Size and Y-o-Y Growth 
      4.5.2 Underwater Robotics Market Absolute $ Opportunity 


Chapter 5 Global Underwater Robotics Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Underwater Robotics Market Size Forecast by Application
      5.2.1 Defense & Security
      5.2.2 Commercial Exploration
      5.2.3 Scientific Research
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Underwater Robotics Market Analysis and Forecast by Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Type
      6.1.2 Basis Point Share (BPS) Analysis by Type
      6.1.3 Absolute $ Opportunity Assessment by Type
   6.2 Underwater Robotics Market Size Forecast by Type
      6.2.1 ROV
      6.2.2 AUV
   6.3 Market Attractiveness Analysis by Type

Chapter 7 Global Underwater Robotics Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Underwater Robotics Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Underwater Robotics Analysis and Forecast
   9.1 Introduction
   9.2 North America Underwater Robotics Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Underwater Robotics Market Size Forecast by Application
      9.6.1 Defense & Security
      9.6.2 Commercial Exploration
      9.6.3 Scientific Research
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Underwater Robotics Market Size Forecast by Type
      9.10.1 ROV
      9.10.2 AUV
   9.11 Basis Point Share (BPS) Analysis by Type 
   9.12 Absolute $ Opportunity Assessment by Type 
   9.13 Market Attractiveness Analysis by Type

Chapter 10 Europe Underwater Robotics Analysis and Forecast
   10.1 Introduction
   10.2 Europe Underwater Robotics Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Underwater Robotics Market Size Forecast by Application
      10.6.1 Defense & Security
      10.6.2 Commercial Exploration
      10.6.3 Scientific Research
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Underwater Robotics Market Size Forecast by Type
      10.10.1 ROV
      10.10.2 AUV
   10.11 Basis Point Share (BPS) Analysis by Type 
   10.12 Absolute $ Opportunity Assessment by Type 
   10.13 Market Attractiveness Analysis by Type

Chapter 11 Asia Pacific Underwater Robotics Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Underwater Robotics Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Underwater Robotics Market Size Forecast by Application
      11.6.1 Defense & Security
      11.6.2 Commercial Exploration
      11.6.3 Scientific Research
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Underwater Robotics Market Size Forecast by Type
      11.10.1 ROV
      11.10.2 AUV
   11.11 Basis Point Share (BPS) Analysis by Type 
   11.12 Absolute $ Opportunity Assessment by Type 
   11.13 Market Attractiveness Analysis by Type

Chapter 12 Latin America Underwater Robotics Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Underwater Robotics Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Underwater Robotics Market Size Forecast by Application
      12.6.1 Defense & Security
      12.6.2 Commercial Exploration
      12.6.3 Scientific Research
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Underwater Robotics Market Size Forecast by Type
      12.10.1 ROV
      12.10.2 AUV
   12.11 Basis Point Share (BPS) Analysis by Type 
   12.12 Absolute $ Opportunity Assessment by Type 
   12.13 Market Attractiveness Analysis by Type

Chapter 13 Middle East & Africa (MEA) Underwater Robotics Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Underwater Robotics Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Underwater Robotics Market Size Forecast by Application
      13.6.1 Defense & Security
      13.6.2 Commercial Exploration
      13.6.3 Scientific Research
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Underwater Robotics Market Size Forecast by Type
      13.10.1 ROV
      13.10.2 AUV
   13.11 Basis Point Share (BPS) Analysis by Type 
   13.12 Absolute $ Opportunity Assessment by Type 
   13.13 Market Attractiveness Analysis by Type

Chapter 14 Competition Landscape 
   14.1 Underwater Robotics Market: Competitive Dashboard
   14.2 Global Underwater Robotics Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Oceaneering International
      14.3.2 Inuktun Services Ltd
      14.3.3 Bluefin Robotics Corp
      14.3.4 Schilling Robotics LLC
      14.3.5 International Submarine Engineering
      14.3.6 Saab AB
Segments Covered in the Report
The global Underwater Robotics market has been segmented based on

By Application
  • Defense & Security
  • Commercial Exploration
  • Scientific Research
By Type
  • ROV
  • AUV
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Oceaneering International
  • Inuktun Services Ltd
  • Bluefin Robotics Corp
  • Schilling Robotics LLC
  • International Submarine Engineering
  • Saab AB

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