Underwater Robotics Market 2019 Global Industry Analysis, Opportunity, Latest Innovation, Sales Revenue, Gross Margin, Segmentation, Demands by Forecast to 2023
Aug 1, 2019
Underwater Robotics Market Research Report: Information by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV)), by Application (Defense & Security, Commercial Exploration, Scientific Research), & by Region — Global Forecast till 2023
Pune, India - August 1, 2019 /MarketersMedia/ —
Market Highlights
Underwater robots market is designed for inspection and mapping of sea and oceans for mining of minerals, oils, and gases and are used in underwater surveillance for military and maritime operations, archaeology, and biological researches. Moreover, these robots are capable of repairing and maintaining equipment that are deployed underwater along with providing real-time updates using satellite signals and other communication media. Based on the area of operation, the Underwater Robotics Market are either remotely controlled or are completely unmanned. The demand for underwater inspection and mapping for military, commercial, and scientific explorations has attributed to the growth of underwater robotics market. However, high costs incurred in the installation of these robots might hamper market growth. Recently, in March 2019, Planys Technologies, an IIT-Madras-basedstart-up, has launched Mikros, a remotely operated vehicle (ROV) for underwater inspection. The ROV is capable to reach a depth of 200 meters and will cater to process industries, petrochemical refineries, and desalination plants.
The global underwater robotics market was valued at USD 2.12 billion in 2017 and is expected to reach USD 4.20 billion by the end of the forecast period at a CAGR of 12.6%.
Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/7605
Key Players
The key players in the underwater robotics market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Atlas Maridan ApS (Denmark), Deep Ocean Engineering, Inc. (US), Bluefin Robotics (US), ECA S.A. (France), International Submarine Engineering Ltd (Canada), Inuktun Services Ltd. (Canada), Oceaneering International, Inc. (US), Saab AB (Sweden), Schilling Robotics, LLC (US), and Soil Machine Dynamics Ltd. (UK). These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 30%–35% in the underwater robotics market. These are BaltRobotics Sp.z.o.o. (Poland), Boston Engineering Corporation (US), Kongsberg Maritime (Norway), Ocean Aero Inc. (US), PALMARII DYNAMICS AB (Sweden), and SeaRobotics Corporation (US) among others.
Segmentation
The global underwater robotics market has been segmented based on type, application, and region.
By type, the underwater robotics market has been segmented into remotely operated vehicle (ROV), and autonomous underwater vehicle (AUV).
By application, the underwater robotics market has been segmented into defense & security, commercial exploration, and scientific research.
By region, the underwater robotics market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
The market for underwater robotics is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographic analysis of underwater robotics market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, North America was the largest market in 2017 and is estimated to maintain its dominance throughout the forecast period. The region has the presence of technically advanced companies which are engaged in manufacturing advanced underwater vehicles. The region has also adopted automation in several fields such as underwater mining, surveillance, and scientific research processes. The US is estimated to dominate the North American underwater robotics market with approximately 60% market share. However, Canada is estimated to register the fastest growth during the forecast period. Europe is the second largest market and is expected to percieve a steady growth during the forecast period. The region has witnessed various advancements in commercial explorations as well as military surveillance operations in the UK and France. However, Asia-Pacific is highly lucrative with investors heavily investing in the manufacturing of underwater vehicles for mining and explorations across the Pacific Ocean and Indian Ocean.
Get Complete Report @ https://www.marketresearchfuture.com/reports/underwater-robotics-market-7605
Key Takeaways
• The US Navy remains one of the major end users of underwater vehicles as plans on acquiring underwater surface vehicles in its fleet to integrate with autonomous underwater vehicles by 2019. In addition, the US Navy also plans on investing in the improvement of underwater vehicle technologies.
• During the Market Research Future Study, more than 46% of the respondents in the oil & gas industry claimed to acquire underwater vehicles, especially autonomous vehicles to detect the presence of crude oil extract fields under water. These respondents were concentrated in major regions of North America, Europe, and the Middle East.
• It is also estimated that by 2025, the major players Such as Kongsberg and Saab AB would emerge as leading players as per their current developments in manufacturing ROVs and AUVs.
Intended Audience
• System Integrators
• OEMs/ODMs
• Defense System Manufacturers
• Electronic Component Manufacturers
• Service Providers
• Resellers and Distributors
• Consultancy and advisory firms
• Government Agencies
• Consulting Firms
• Research Institutes and Organizations
• Technology Standards Organizations
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Contact Us:, Market Research Future, Office No. 528, Amanora Chambers, Pune – 411028, Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/underwater-robotics-market-7605%20
Source: MarketersMedia
Release ID: 88903055
More News
US and China must join hands to measure rising AI tide
The next US-China talk on artificial intelligence should begin with a simple question: do the two governments actually understand how rapidly AI’s capabilities are improving? Before deciding what to do about the technology, Washington and Beijing need a common way to measure its progress. Chinese President Xi Jinping and US President Donald Trump are expected to meet in Shenzhen soon, and AI is set to remain high on their agenda. Their continued exchanges on this transformative technology are a...
Why China is investing heavily in African push to bring mineral processing home
Chinese investors have backed mineral processing and manufacturing projects worth more than US$16 billion across Africa, a new report has concluded, amid an increasing push by countries to secure a greater share of the earnings from their natural resources. The continent is a major international supplier of key minerals such as copper, cobalt and iron ore, and countries such as the Democratic Republic of Congo, Guinea and Zimbabwe have previously introduced mineral export bans or restrictions to...
Indian Air Force IL-76 aircraft makes world’s highest-altitude landing at Ladakh’s Nyoma airbase
The successful touchdown highlights the aircraft’s operational capabilities and the precision of its crew at a strategically important Himalayan airbase.
IAF's IL-76 transport aircraft lands in Nyoma airbase in Ladakh
The Indian Air Force marked a new pinnacle of achievement with its IL-76MD transport aircraft landing at Nyoma airbase, which sits at an altitude of roughly 13,000 feet near the Line of Actual Control with China. This historic landing is celebrated as the highest-ever for this model, highlighting the operational prowess of the IL-76MD and the outstanding training of its crew in extreme environments.
Sarbananda Sonowal calls Oil India CMD over Tengakhat fire, urges best medical care for injured
Union Minister Sarbananda Sonowal has urged Oil India to provide medical assistance, compensate victims’ families and investigate the cause of the explosion
Four-star Gurnoor blows away New Zealand as hosts bowled out for 134
Gurnoor Brar led India's bowling attack with an impressive performance, taking four wickets against New Zealand. The inexperienced bowlers restricted the hosts to a low score of 134 in the second ODI. Auqib Nabi and Anshul Kamboj also contributed with two wickets each, while Arshdeep Singh maintained economic bowling. Daryl Mitchell was the only player to score a half-century for New Zealand during the match.
'Defined an era of Indian pace bowling': BCCI's tribute to Mohammad Shami after Test retirement
In a heartfelt farewell, Mohammad Shami has declared his retirement from Test cricket after an illustrious journey, concluding with 229 wickets. Celebrated as one of India's finest pacers, his departure has prompted praise from the BCCI and former players alike. Teammates, including Ravi Shastri, reminisced about his substantial influence on the Indian pace attack, underscoring the void his absence will create in future Test matches.
Assam OIL facility explosion: Death toll rises to two, 3 critical
In a devastating explosion at the Intermediate Tank Farm of Oil India Limited in Dibrugarh, two workers lost their lives, and numerous others were injured while performing maintenance tasks. Among the deceased was Tapas Jyoti Gogoi, who tragically succumbed to severe burns. Those injured received initial care at a nearby medical college but were later transferred to a private hospital, with three still in critical condition as the investigation proceeds.
Assam OIL facility explosion: Death toll rises to two, 3 critical
In a devastating explosion at the Intermediate Tank Farm of Oil India Limited in Dibrugarh, two workers lost their lives, and numerous others were injured while performing maintenance tasks. Among the deceased was Tapas Jyoti Gogoi, who tragically succumbed to severe burns. Those injured received initial care at a nearby medical college but were later transferred to a private hospital, with three still in critical condition as the investigation proceeds.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.