Europe Underwater Robotics Market, By 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) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Europe underwater robotics market is primarily driven by the rising demands for ROVs in offshore oil and gas industries and its essential need for sea exploration and scientific research. In addition, the applications of underwater robotics for salvage, rescue, and repair operation is driving the market growth at a rapid rate. However, the high cost of ROVs and AUVs after add-ons and threats related to cyber security may restrain the Europe underwater robotics market growth. Further, the technical barrier to navigation and communication of AUVs and ROVs in strong water currents and below-ice sheets may challenge the market growth. Additionally, slow advancement in sensor technology and high technical complexity in underwater robotics may impede the market growth. However, the growing development of variable payload capabilities in underwater vehicles and the integration of advanced technologies to increase the efficiency and working of underwater robotics provide lucrative opportunities to the Europe underwater robotics market.
Data Bridge Market Research analyses that the Europe underwater robotics market is expected to reach USD 2,279.87 million by the year 2029, at a CAGR of XX% during the forecast period. "Remotely Operated Vehicles (ROV)" accounts for the most prominent type segment in the respective market. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By 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)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Sweden, Belgium, Russia, Italy, Spain, Turkey and the Rest of Europe.
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Market Players Covered
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ATLAS ELEKTRONIK GmbH, General Dynamics Mission Systems, Inc., ECA GROUP, Eddyfi, Boeing, Soil Machine Dynamics Ltd., MacArtney A/S, Oceaneering International, Inc., Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, Rovco Ltd, Total Marine Technology Pty Ltd, Teledyne Marine, KONGSBERG, Mitsui E&S Holdings Co., Ltd.
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Market Definition
Underwater robotics is a branch of robotics that covers the research and development, design, manufacture, and application of robots operating in underwater environments. The term can refer to any robot functioning at or below water level (marine robotic systems). Still, it usually refers specifically to autonomous vehicles designed for use underwater. An underwater robot also called an autonomous underwater vehicle, is a machine that can be remotely operated. It is designed to work underwater for continuous oceanic surveillance. Robotics has been utilized in manufacturing in the past few years. The marvelous expansion has made them more cultured and dependable for military and law implementation applications. Underwater robots play a significant role in the expansion of the offshore industry. In addition, it has numerous implementations in marine biology, underwater archaeology, and maritime security.
The Market Dynamics of the Europe Underwater Robotics Market Include:
- Increasing use of underwater robotics for military and security purposes
In Europe, the use and applications of underwater vehicles are increasing because of their engagement in military, navy, and police forces for operations such as counter-terrorism, intelligence gathering, survey and research. This is expected to grow in future and is acting as a driver for Europe underwater robotics market.
- Rising use of ROVs in the oil & gas industries
The presence of various offshore oil and gas industries and harsh weather in Europe has made the presence of an underwater vehicle in this industry essential. Exploration of the new offshore site and increasing functionality of underwater robotics is expected to drive the Europe underwater robotics market.
- Increasing demand for AUVs for underwater exploration and scientific research
The use of AUVs, especially for underwater exploration and scientific research, is increasing in Europe. This is due to the increasing ease of use and functionality of AUVs over the years, which allowed to discover new things to researchers.
- Growing demand for underwater robotics for search, rescue and repair operation
The constant development of underwater vehicles according to the requirement needed in operations such as search and rescue and underwater repair at remote locations and in hostile conditions is boosting the demand for ROVs, which is expected to act as a driver for the Europe underwater robotics market.
Restraints/Challenges faced by the Europe Underwater Robotics Market
- High cost of underwater robots/vehicles
The usage and need for underwater vehicles are increasing rapidly in various industries such as oil and gas and other applications such as search and rescue, military, surveillance, and scientific research, among others. But the high cost of underwater robots has kept many businesses away from availing themselves in missions and operations.
- Threats and concerns for cyber security and operational security
The communication system used to operate these AUVs and collect data at the operation center can be hacked. It poses a security risk and concern for the AUV operators and involves industries such as military, marine biology, oil and gas and offshore energy sectors. These threats and concerns for cyber security and operational security for underwater vehicles may restrain the growth of the Europe underwater robotics market.
Recent Developments
- In March 2022, Saab AB announced discovering the lost shipwrecks of polar explorer Sir Ernest Shackleton's famous ship after 107 years. The company used its underwater vehicle for the search mission at 3000-meter depth, and the robot faced a harsh cold environment, but the proper navigation led to the shipwreck's discovery. The company has showcased its technical and underwater vehicle potential in the underwater robotics market through this.
- In March 2022, SUBSEA 7 was awarded a contract by Equinor for the front-end engineering and design (FEED) study for the marine installations associated with the Krafla development project, offshore Norway. This will allow the company to use its product portfolio in the project and promote it in the Europe market for the upcoming contract. The company is expecting to generate more revenue through this contract.
Europe Underwater Robotics Market Scope
Europe underwater robotics market is segmented based on type, working depth, task type, depth, component, application as referenced above. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Remotely Operated Vehicles (ROV)
- Autonomous Underwater Vehicle (AUV)
On the basis of type, Europe underwater robotics market is segmented into remotely operated vehicles (ROV) and autonomous underwater vehicle (AUV).
Working Depth
- Shallow
- Deep water
- Ultra-Deep Water
On the basis of working depth, the Europe underwater robotics market is segmented into shallow, deep water, and ultra-deep water.
Task Type
- Observation
- Survey
- Inspection
- Construction
- Intervention
- Burial and Trenching
- Others
On the basis of the task type, the Europe underwater robotics market is segmented into observation, survey, inspection, construction, intervention, burial and trenching, and others.
Depth
- Less Than 1000 Mts
- 1000 Mts to 5000 Mts
- More Than 5000 Mts
On the basis of depth, the Europe underwater robotics market is segmented into less than 1000 mts, 1000 mts to 5000 mts and more than 5000 mts.
Component
- Light
- Camera
- Frame
- Thrusters
- Tethers
- Pilot Controls
- Others
On the basis of component, Europe underwater robotics market is segmented into light, camera, frame, thrusters, tethers, pilot controls, and others.
Application
- Oil and Gas
- Commercial Exploration
- Defense and Security
- Scientific Research
- Others
On the basis of application, Europe underwater robotics market is segmented into oil and gas, commercial exploration, defense and security, scientific research, and others.
Europe underwater robotics market Regional Analysis/Insights
Europe underwater robotics market is analyzed, and market size insights and trends are provided by country, type, flexibility, channel and application, as referenced above.
The countries covered in the Europe underwater robotics market report are Germany, France, U.K., Netherlands, Switzerland, Sweden, Belgium, Russia, Italy, Spain, Turkey and the Rest of Europe.
U.K. dominates the Europe underwater robotics market as the region has witnessed a huge high presence of leading manufacturers. Moreover, the region has seen high investments in equipment for search and rescue, military, recreation and discovery, aquaculture, marine biology, oil, gas, offshore energy, shipping, submerged infrastructure, and more.
The U.K. is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing investments in offshore robotics equipment.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing a forecast analysis of the country data.
Competitive Landscape and Europe Underwater Robotics Market Share Analysis
The underwater robotics market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus on the Europe underwater robotics market.
Some of the major players operating in Europe underwater robotics market are ATLAS ELEKTRONIK GmbH, General Dynamics Mission Systems, Inc., ECA GROUP, Eddyfi, Boeing, Soil Machine Dynamics Ltd., MacArtney A/S, Oceaneering International, Inc., Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, Rovco Ltd, Total Marine Technology Pty Ltd, Teledyne Marine, KONGSBERG, Mitsui E&S Holdings Co., Ltd. among others.
Research Methodology: Europe Underwater Robotics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Europe versus Regional and Vendor Share Analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.
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