The global Underwater Robotics Market size is anticipated to reach USD 6.74 billion until 2025. It is anticipated to register growth with 13.5% CAGR during the forecasted period, 2018 to 2025. This growth can be associated with its surging usage for carrying out underwater activities like intelligence, surveillance, and investigation.
Key Players:
Oceaneering International
Schilling Robotics LLC
International Submarine Engineering
Bluefin Robotics Corp
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Market Synopsis of Underwater Robotics Market:
In 2017, The ROV segment held a share of 86.0% across the global market due to the surging offshore deep sea drilling and oil industry across the globe. The AUV segment is projected to witness highest growth in the upcoming years on account of rising adoption and demand across the defense sector for carrying out activities like anti-warfare applications and surveillance.
The segment of commercial exploration dominated the global market. It is also expected to continue its dominance on account of surging need for carrying out offshore gas, oil, and undersea mineral exploration activities. Also, activities like extraction and mining are antipcted to positively impact the market growth in the upcoming years.
Europe dominated the global market with revenue of USD 855.6 million due to rising offshore gas and oil exploration activities across majority of European countries. But, Asia Pacific is expected to witness highest growth on account of surging usage for oil exploration and defense activities across countries like China, Japan and India.
The underwater robotics market includes key players such as Oceaneering International, Schilling Robotics LLC, International Submarine Engineering, and Bluefin Robotics Corp. These players are adopting several marketing strategies like collaborations, mergers, acquisitions, partnerships to widen their product portfolio, and reach. Also, rising presence of small players is creating strong competition among the players.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Underwater Robotics: Market Variables, Trends & Scope
Chapter 4 Underwater Robotics: Product Estimates & Trend Analysis
Chapter 5 Underwater Robotics: Application Estimates & Trend Analysis
Chapter 6 Underwater Robotics: End-use Estimates & Trend Analysis
Chapter 7 Underwater Robotics: Industrial End-use Estimates & Trend Analysis
Chapter 8 Underwater Robotics: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Underwater Robotics: Manufacturers Company Profiles
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