Global Underwater Robotics Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The players operating in the Underwater Robotics Market are highly focused towards developing robust and precise underwater vehicles that can be used for scientific explorations and researches. This has resulted in increasing the competition between the existing and new players in the underwater robotics market. 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 Kongsberg Gruppen (Norway), Atlas Maridan ApS (Denmark), Deep Ocean Engineering, Inc (US), Bluefin Robotics (US), ECA SA (France), International Submarine Engineering Ltd (Canada), Inuktun Services Ltd (Canada), Saab AB (Sweden), Schilling Robotics, LLC (US), and Soil Machine Dynamics Ltd. (UK). These players contribute significantly to market growth. These players contribute a major share in the growth of underwater robotics market. Apart from the aforementioned players, other players contribute nearly 30%–35% in the underwater robotics market. These are BAE Systems PLC (UK), BaltRobotics Sp.z.o.o. (Poland), Boston Engineering Corporation (US), Oceaneering International, Inc. (US), Ocean Aero, Inc. (US), Palmarii Dynamics AB (Sweden), Pelorus Naval Systems Inc. (US), and SeaRobotics Corporation (US) among others.
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According to Market Research Future, the global underwater robotics market has been segmented into type, application, and region.
By type, the underwater robotics market has been bifurcated into remotely operated vehicle (ROV) and autonomous underwater vehicle (AUV). Among these underwater robotics types, ROVs are expected to dominate the global underwater robotics market. These ROVs are extensively used for investigating, repairing, and maintaining underwater pipelines and other offshore sites. On the contrary, autonomous underwater vehicle or unmanned underwater vehicles are used for underwater surveying and mapping of submerged ships, military wrecks, and other obstructions. The market for AUVs is forecasted to grow with the higher CAGR during the forecast period 2018–2023.
By application, the underwater robotics market has been segmented into defense & security, commercial exploration, and scientific research. The commercial exploration segment is estimated to dominate the underwater robotics market and is expected to grow with the highest CAGR during the forecast period owing to increasing demand for extraction of mineral and oils from deep seas and other offshore locations. However, the market for scientific research is estimated to witness exponential growth during the forecast period.
By region, the underwater robotics market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to dominate the underwater robotics market owing to high adoption of AUVs and ROVs by research as well as military & defense agencies. Moreover, the presence of well-established and technically advanced infrastructure in the US and Canada has contributed to the growth of the North American market. On the other hand, Asia-Pacific is forecasted to witness the fastest growth owing to huge investments in underwater vehicles across China, Japan, and South Korea. These investments are expected to enable the extraction of oils, gases, and minerals from beneath the sea thus, contributing to the growth of the market in Asia-Pacific.
- System Integrators
- 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 Organization
The companies operating in underwater robotics market are adopting organic growth strategies such as product development and enhancement as well as inorganic strategies such as expansion, agreement, and partnerships to increase their presence in the global market. However, the threat of new entrants remains a key challenge for the existing players in the underwater robotics market.
- 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.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Underwater Robotics
5 Market Landscape
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
LIST OF TABLES
Table 1 Global Underwater Robotics Market, By Type, 2018–2023
Table 2 Global Underwater Robotics Market, By Application, 2018–2023
Table 3 Global Underwater Robotics Market, By Region, 2018–2023
Table 4 North America: Underwater Robotics Market, By Country, 2018–2023
Table 5 North America Underwater Robotics, Market, By Type, 2018–2023
Table 6 North America Underwater Robotics, Market, By Application, 2018–2023
Table 7 US Underwater Robotics, Market, By Type, 2018–2023
Table 8 US Underwater Robotics Market, By Application, 2018–2023
Table 9 Canada Underwater Robotics, Market, By Type, 2018–2023
Table 10 Canada Underwater Robotics, Market, By Application, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Underwater Robotics Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Underwater Robotics Market
FIGURE 4 Value Chain Of Global Underwater Robotics Market
FIGURE 5 Share Of Global Underwater Robotics Market In 2017, By Country (In %)
FIGURE 6 Global Underwater Robotics Market, 2018–2023
FIGURE 7 Sub-Segments Of Type
FIGURE 8 Global Underwater Robotics Market Size, By Type, 2017
FIGURE 9 Share Of Global Underwater Robotics Market, By Type, 2018 To 2023
FIGURE 10 Sub-Segments Of End User
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