Underwater Robotics as the term states refers to use of robotic technology for underwater operations. This can include a host of services such as exploration, surveillance, search & rescue, underwater mining, commercial vehicle salvage etc. The market is under constant development with new technologies being developed worldwide for greater efficiency and results.
The market is valued at approximately $2.5 Billion as on 2019 and is expected to grow at a CAGR of 12.6% over the period of 2019 – 2024.
With high investment in defense and commercial sector, the underwater robotics is scheduled to be one of the most sought after business markets of our century.
A underwater robotics have optimized the Oil & Gas, Defense Surveillance by reducing human dependency and fatality rates on the specific fields. The market has also opened up the scientific exploration and understanding of ocean beds.
Deep Ocean Engineering
International Submarine Engineering
Soil Machine Dynamics
The underwater robotics market is segments based on type, application and region.
Based upon type, the underwater robotics market can be categorized as
- Remotely Operated Vehicle
- Autonomous Vehicle
Based upon application, the underwater robotics market can be categorized as
- Underwater- construction, rescue, repair and salvage
- Scientific Exploration
- Commercial Exploration
- Defense and Security
Based upon region, the underwater robotics market can be categorized as
- North America
- Asia Pacific
- Latin America
The market for underwater robotics is expected to grow significantly over the coming year. North America is the largest market in 2019 for underwater robotics. The region is heavily invested into automation of sectors such as underwater mining, geopolitical and military surveillance and commercial and scientific research methodology. North America holds a 60% of global underwater robotics market with USA being the biggest market.
Canada, comes second in terms of innovation and development of underwater robotics and is expected to project a faster growth over the coming years.
Europe is another major market for underwater robotics and is expected to project a consistent growth. Major investment in commercial exploration and defense projects has boosted the market growth in the region.
Asia Pacific is another emerging market for underwater robotics with numerous commercial exploration, mining and defense related investment in projects across Pacific ocean and Indian ocean. It is expected to grow at a rapid pace with strong economies like China and Japan and growing economies India witnessing a rapid automation in industrial mining and surveillance.
With a global effort for establishing control and dominance over water networks, the underwater robotics has witnessed a greater demand. With all major economies in the world over reliant on safe trade passage, underwater resource mining and greater surveillance of their naval territory, the underwater robotics market has greatly benefited from these changes.
Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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