In 1970s, Royal Navy was the first to operate the underwater submersibles remotely, but the applications of these underwater machines were not much due to their sheer size and limitation in the technology at that time. Nowadays, underwater robotics are used by police forces, navy forces, S&R groups, and military outfits in numerous countries in their day-to-day operations. These underwater robotics are used for minimalize contraband, undersea surveillance, and attack roles such as anti-submarine warfare, port security, criminal investigations, and time-critical strikes. As a result, the demand for the underwater robotics will increase in the forecast period.
Access Full Report @ https://www.databridgemarketresearch.com/ar/reports/global-underwater-robotics-market
Data Bridge Market Research analyses that the Underwater Robotics Market is expected to reach USD 8,036.40 million by 2029 from USD 3,366.21 million in 2022, growing with a substantial CAGR of 13.2% in the forecast period of 2022 to 2029. The growing use of underwater robotics in military and security purpose is expected to provide potential growth factor for the market.
Increasing use of remotely operated vehicles (ROV) in the oil and gas industry is expected to drive the market growth
Nowadays, oil and gas industries use remotely operated vehicles (ROV) for exploring subsea environments for oil and gas reserves because there is no dangers of lives, and going too deep inside the water. Furthermore, more complex operations, exploration and development activities can be completed with the help of ROVs. In the oil and gas sector, remotely operated vehicles (ROV) are becoming more useful due to their function and offerings. It has increased productivity at the site and dropped the chance of accidents.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicle (AUV)), Working Depth (Shallow, Deep Water and Ultra-Deep Water), Task Type (Observation, Survey, Inspection, Construction, Intervention, Burial and Trenching and Others), Depth (Less than 1000 Mts, 1000 Mts to 5000 Mts and More than 5000 Mts), Component (Light, Camera, Frame, Thrusters, Tethers, Pilot Controls and Others), Application (Oil and Gas, Commercial Exploration, Defense and Security, Scientific Research and Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
ATLAS ELEKTRONIK GmbH (Germany), Deep Ocean Engineering, Inc. (U.S.), General Dynamics Mission Systems, Inc. (U.S.), ECA GROUP (France), International Submarine Engineering Limited (Canada), Eddyfi (U.S.), Phoenix International Holdings, Inc. (U.S.), Boeing (U.S.), Soil Machine Dynamics Ltd.(U.K.), MacArtney A/S (U.S.), Oceaneering International, Inc. (U.S.), VideoRay LLC (U.S.), Saab AB (Sweden), Forum Energy Technologies, Inc. (U.S.), TechnipFMC plc (U.K.), SUBSEA 7 (U.K.), Fugro (Netherlands), SeaRobotics Corp. (U.S.), Rovco Ltd (U.K.), Total Marine Technology Pty Ltd (Australia), Teledyne Marine (U.S.), KONGSBERG (Norway), Mitsui E&S Holdings Co., Ltd. (Japan), Huntington Ingalls Industries, Inc. (U.S.) and Deep Trekker Inc. (Canada) among others.
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The underwater robotics market is segmented on the basis of type, working depth, task type, depth, component and application.
- On the basis of type, the global underwater robotics market is segmented into remotely operated vehicles (ROV) and autonomous underwater vehicles (AUV).
The remotely operated vehicles (ROV) segment of type segment is anticipated to dominate the underwater robotics market
The remotely operated vehicles (ROV) is expected to dominate the global underwater robotics market with a CAGR of 12.8% in the forecast period of 2022 to 2029 because ROVs have been for the longest time in the market and find applications in numerous sectors such as military and defense, oil & gas and others. Furthermore, the oil and gas businesses are highly dependent on ROVs for their inspection and repair jobs.
- On the basis of working depth, the global underwater robotics market is segmented into shallow, deep water, and ultra-deep water. In 2022 deep water is expected to dominate the global underwater robotics market with a CAGR of 13.9% in the forecast period of 2022 to 2029 because most of the AUVs and ROVs find applications in deep waters. These applications comprise inspections, exploration in oil and gas industries, and marine activities in defense and military sector. Furthermore, the technological developments in underwater robotics system enable AUVs and ROVs to be easily operable in deep waters.
- On the basis of task type, the global underwater robotics market is segmented into observation, survey, inspection, construction, intervention, burial and trenching, and others.
The inspection segment of task type segment is anticipated to dominate the underwater robotics market
The inspection is expected to dominate the global underwater robotics market with a CAGR of 13.9% in the forecast period of 2022 to 2029 because it is the most common tasks in numerous industries for which underwater robotics are used. Remotely operated vehicles (ROV) integrated with surveillance cameras which form a major part of fleets used by numerous offshore industries. Inspection of ship hulls, dams, pipelines and oil platforms, among others, are some of the major applications for which inspection robots are used offshore.
- On the basis of depth, the global underwater robotics market is segmented into less than 1000 meters, 1000 meters to 5000 meters, and more than 5000 meters. In 2022, 1,000 meters to 5,000 meters is expected to dominate the global underwater robotics market with a CAGR of 14.0% in the forecast period of 2022 to 2029 because most of the underwater robotics are manufactured to operate in this range. Advanced ROVs with about 4000 meters range are used in oil and gas sectors for maintenance and inspection jobs.
- On the basis of components, the global underwater robotics market is segmented into light, camera, frame, thruster, tether, pilot controls, and others. In 2022, thruster segment is expected to dominate the global underwater robotics market with a CAGR of 14.3% in the forecast period of 2022 to 2029 as thruster is an important part of the underwater vehicle because it aids the robot to move underwater. Furthermore, many underwater robot uses two or more than two thrusters that enable navigation to the worksite.
- On the basis of application, the global underwater robotics market is segmented into oil and gas, commercial exploration, defence and security, scientific research, and others. In 2022, oil & gas is expected to dominate the global underwater robotics market with a CAGR of 13.9% in the forecast period of 2022 to 2029 because offshore oil and gas corporations have been largely investing in robot developments. These companies highly trust on ROVs for inspection, installation and serving pipelines, platforms and subsea production facilities.
Major Players
Data Bridge Market Research recognizes the following companies as the major underwater robotics market players in underwater robotics market ATLAS ELEKTRONIK GmbH (Germany), Deep Ocean Engineering, Inc. (U.S.), General Dynamics Mission Systems, Inc. (U.S.), ECA GROUP (France), International Submarine Engineering Limited (Canada), Eddyfi (U.S.), Phoenix International Holdings, Inc. (U.S.), Boeing (U.S.), Soil Machine Dynamics Ltd.(U.K.), MacArtney A/S (U.S.), Oceaneering International, Inc. (U.S.), VideoRay LLC (U.S.), Saab AB (Sweden).
Market Development
- In June 2022, Eddyfi has launched a new manipulator which has effectively passed rigorous testing for several purposes of military dive teams, government security and fire and rescue services. This manipulator is capable five interchangeable jaws and of 360-degree head rotation for multiple tasks. The company is directing this product for clients who operate in maintenance, rescue, military, deep-sea surveillance and law enforcement domains
- In June 2020, Thyssenkrupp Marine Systems and Atlas Elecktronik have signed a contract for a new modular underwater vehicle in the project name MUM. It is a modular unmanned underwater system which is used for numerous applications in the civil maritime industry, such as deployment of payloads and transport in the oil and gas industry. This project fits in the company's aspiration for technical leadership in the underwater robotic market and maritime industry
Regional Analysis
Geographically, the countries covered in the underwater robotics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in underwater robotics market during the forecast period 2022 to 2029
North America dominates the underwater robotics market owing to the presence of large number of gamers in this region. Furthermore, the high investments on equipment for oil, gas, recreation and discovery, shipping, offshore energy, submerged infrastructure, search and rescue, military, aquaculture, marine biology and many more are expected to propel the growth of the market in this region.
Asia-Pacific is estimated to be the fastest growing region in underwater robotics market the forecast period 2022 to 2029
Asia-Pacific is anticipated to be the fastest-growing region in underwater robotics market in terms of market share and market revenue during the forecast period of 2023-2030. This is mainly due to large presence of leading manufacturers in this region.
For more detailed information about underwater robotics market report, click here – https://www.databridgemarketresearch.com/ar/reports/global-underwater-robotics-market
