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Underwater Robotics Market Share, Growth, Opportunities 2030

Underwater Robotics Market

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Segments - by Applications (Commercial Exploration, Scientific Research, Defense & Security, and Others), Types (Autonomous Underwater Vehicles and Remotely Operated Vehicles), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author :

Raksha Sharma

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Amulya Agarwal

Editor :

Shruti Bhat

Report Description

The global underwater robotics market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing use of robotics for security applications underwater as well as various commercial and scientific exploration into oceans.

Underwater robotics, also called as underwater drones, are sub-aquatic vehicle or semi-aquatic machine primarily designed to explore or conduct research underwater. It is basically deployed to undertake several functions such as measuring temperature to level of salinity besides observing the direction and speed of the current of the ocean. With the wider research, these robotics are increasingly used for continuous aquatic surveillance.

There are two types of operating system for these machines namely autonomous underwater vehicles and remotely operated vehicles. These machines are widely deployed for ocean research such as mapping the seafloor and ocean ecosystem as these devices can go to remote and unexplored places where it is difficult and dangerous for human to go in. Moreover, these machines are also used for both scientific research and commercial exploration in oceans in search of finding valuable objects including minerals and aquatic plants for medicinal and business purposes.

Underwater Robotics Market Trends, Drivers, Restraints, and Opportunities

Increasing expansion of the offshore drilling industry to extract deep-sea oil presents a key factor for the market expansion.
Rising demand and high adoption of the robots in defense applications including aquatic surveillance and anti-warfare purposes are another key drivers of the market.
Increasing use in scientific research to examine the changing environment of oceans presents a key factor boosting the market.
High cost of the machines and expensive maintenance cost of these robots are key challenges that can hinder the market expansion.
Ongoing massive R&D programs for development of highly advanced underwater robots is offering several growth opportunities of the market.

Scope of the Underwater Robotics Market Report

The report on the global underwater robotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Underwater Robotics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Applications (Commercial Exploration, Scientific Research, Defense & Security, and Others) and Types (Autonomous Underwater Vehicles and Remotely Operated Vehicles
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Bluefin Robotics Corp.; Schilling Robotics LLC; International Submarine Engineering; Saab AB; Inuktun Services Ltd.; and Oceaneering International, Inc.

Underwater Robotics Market Segment Insights

Commercial exploration segment is projected to expand at a considerable CAGR

On the basis of applications, the market is segregated into commercial exploration, scientific research, defense & security, and others. The commercial exploration segment is projected to expand at a considerable CAGR during the forecast period due to the increasing exploration of oceans for offshore oil, mining, and gas. The availability of several other underwater operation equipment for assembling, drilling, underwater repair, and maintenance play crucial role for the commercial exploration. On the other hand, the defense & security segment is anticipated to account for a major market share during the forecast period owing to growing use of robotics as defense mechanism to determine any marine-based military attack.

Remotely operated vehicle segment is expected to grow at a rapid pace

Based on types, the global underwater robotics market is bifurcated into remotely operated vehicles and autonomous underwater vehicles. The remotely operated vehicles (ROV) segment is expected to grow at a rapid pace during the forecast period owing to easy and convenient control of the vehicles in research operation of oceans even during extreme temperature and other dangerous conditions. ROV is widely used in drilling process of offshore deep-sea oil exploration.

However, the autonomous underwater vehicles (AUV) segment is anticipated to hold a key share of the market in the coming years owing to increasing demand and adoption of the vehicles type in defense applications including surveillance, mine counter measurement, and anti-warfare application.

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to massive investment in offshore oil and gas exploration activities across oceans. In 2016, Washington allocated a budget of USD 600 million to expand intelligence system of the US Navy for effective operation of aquatic surveillance.

However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the increasing adoption of underwater robotics for several applications including oil & gas exploration activities besides putting these robotics for defense purposes in major economies such as India, China, and Japan.

Segments

The global underwater robotics market has been segmented on the basis of

Applications

Defense & Security
Commercial Exploration
Scientific Research
Others

Types

Remotely Operated Vehicles (ROV)
Autonomous Underwater Vehicles (AUV)

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Bluefin Robotics Corp.
Schilling Robotics LLC
International Submarine Engineering
Saab AB.
Inuktun Services Ltd.
Oceaneering International, Inc.

Competitive Landscape

Key players competing in the global underwater robotics market are Bluefin Robotics Corp.; Schilling Robotics LLC; International Submarine Engineering; Saab AB; Inuktun Services Ltd.; and Oceaneering International, Inc. In October 2016, the Oceaneering International, Inc. reported its rapid growth of AUV operations in West Africa due to rising number of new customers as well as supported its existing ocean exploration services.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Underwater Robotics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Underwater Robotics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Underwater Robotics Market - Supply Chain
  4.5. Global Underwater Robotics Market Forecast
     4.5.1. Underwater Robotics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Underwater Robotics Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Underwater Robotics Market Absolute $ Opportunity
5. Global Underwater Robotics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Underwater Robotics Market Size and Volume Forecast by Types
     5.3.1. Remotely Operated Vehicles (ROV)
     5.3.2. Autonomous Underwater Vehicles (AUV)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Underwater Robotics Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Underwater Robotics Market Size and Volume Forecast by Applications
     6.3.1. Defense & Security
     6.3.2. Commercial Exploration
     6.3.3. Scientific Research
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Underwater Robotics Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Underwater Robotics Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Underwater Robotics Demand Share Forecast, 2019-2026
8. North America Underwater Robotics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Underwater Robotics Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Underwater Robotics Market Size and Volume Forecast by Types
     8.4.1. Remotely Operated Vehicles (ROV)
     8.4.2. Autonomous Underwater Vehicles (AUV)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Underwater Robotics Market Size and Volume Forecast by Applications
     8.7.1. Defense & Security
     8.7.2. Commercial Exploration
     8.7.3. Scientific Research
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Underwater Robotics Demand Share Forecast, 2019-2026
9. Latin America Underwater Robotics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Underwater Robotics Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Underwater Robotics Market Size and Volume Forecast by Types
     9.4.1. Remotely Operated Vehicles (ROV)
     9.4.2. Autonomous Underwater Vehicles (AUV)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Underwater Robotics Market Size and Volume Forecast by Applications
     9.7.1. Defense & Security
     9.7.2. Commercial Exploration
     9.7.3. Scientific Research
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Underwater Robotics Demand Share Forecast, 2019-2026
10. Europe Underwater Robotics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Underwater Robotics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
  10.4. Europe Underwater Robotics Market Size and Volume Forecast by Types
     10.4.1. Remotely Operated Vehicles (ROV)
     10.4.2. Autonomous Underwater Vehicles (AUV)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Underwater Robotics Market Size and Volume Forecast by Applications
     10.7.1. Defense & Security
     10.7.2. Commercial Exploration
     10.7.3. Scientific Research
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Underwater Robotics Demand Share Forecast, 2019-2026
11. Asia Pacific Underwater Robotics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Underwater Robotics Market Size and Volume 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. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Underwater Robotics Market Size and Volume Forecast by Types
     11.4.1. Remotely Operated Vehicles (ROV)
     11.4.2. Autonomous Underwater Vehicles (AUV)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Underwater Robotics Market Size and Volume Forecast by Applications
     11.7.1. Defense & Security
     11.7.2. Commercial Exploration
     11.7.3. Scientific Research
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Underwater Robotics Demand Share Forecast, 2019-2026
12. Middle East & Africa Underwater Robotics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Underwater Robotics Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Underwater Robotics Market Size and Volume Forecast by Types
     12.4.1. Remotely Operated Vehicles (ROV)
     12.4.2. Autonomous Underwater Vehicles (AUV)
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Underwater Robotics Market Size and Volume Forecast by Applications
     12.7.1. Defense & Security
     12.7.2. Commercial Exploration
     12.7.3. Scientific Research
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Underwater Robotics Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Underwater Robotics Market: Market Share Analysis
  13.2. Underwater Robotics Distributors and Customers
  13.3. Underwater Robotics Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Bluefin Robotics Corp.
     13.4.2. Schilling Robotics LLC
     13.4.3. International Submarine Engineering
     13.4.4. Saab AB.
     13.4.5. Inuktun Services Ltd.
     13.4.6. Oceaneering International, Inc.

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