The global underwater robotics market size is expected to be worth around US$ 10.71 billion by 2030, according to a new report by Vision Research Reports.
The global underwater robotics market size was valued at US$ 6.7 billion in 2020 and is anticipated to grow at a CAGR of 15.5% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 10.71 Bn by 2030 |
| Growth Rate | CAGR of 15.5% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Oceaneering International; Bluefin Robotics Corp; International Submarine Engineering; Schilling Robotics, LLC; Saab AB; Inuktun Services Ltd. |
Growth Factors
Rising adoption of underwater robotics technology across military and commercial exploration applications for intelligence, surveillance, inspection, underwater repair maintenance, navigation and communication, and other operations is anticipated to boost market growth over the forecast period.
The market growth is attributed to the rising investments in defense sectors across different countries. for the development of variable payload unmanned undersea vehicles capabilities. This investment was majorly made by the U.S. Navy to improve intelligence, surveillance and rescue operations, acoustic surveillance, mine countermeasure, and anti-submarine warfare operation.
By Type Analysis
The market has been categorized by type into ROV and Autonomous Underwater Vehicle (AUV).ROV was the dominant segment, accounting for over 86.0% market share in 2020. However, the ROVs are expected to lose market share and AUVs are expected to gain traction over the next seven years.
The AUV segment is projected to witness significant growth over the forecast period. It is driven by increasing demand and adoption in defense applications such as surveillance, mine counter measurement, anti-warfare application, and others.
By Application Analysis
On the basis of application, the underwater robotics market is segmented into defense and security, commercial exploration, scientific research, and others. Commercial exploration was the dominant segment in 2020. It is expected to expand at a CAGR of 14.8% over the forecast period.
The growth is attributed to rising use in offshore oil and gas exploration as well as in undersea mineral exploration activity. Underwater robotics is one of the important technologies miners use to explore deep sea mineral wealth. Mining companies are leveraging robotics technology to extract the rich mineral deposits under the seabed.
By Regional Analysis
Europe led the market, generating USD 855.6 million in revenue in 2020. The region is anticipated to contribute substantially to the global share owing to growing offshore oil and gas exploration activities in European countries.
Asia Pacific is expected to witness substantial growth of over the forecast period, owing to the growing use of underwater robotics in defense and oil and gas exploration activities in countries such as China, India, South Korea, and Japan.
Key Players
- Oceaneering International
- Bluefin Robotics Corp
- International Submarine Engineering
- Schilling Robotics LLC
- Saab AB
- Inuktun Services Ltd.
Market Segmentation
- By Type
- Remotely Operated Vehicle (ROV)
- Autonomous Underwater Vehicles (AUV)
- By Application
- Defense & Security
- Commercial Exploration
- Scientific Research
- Others
- By Regional
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Underwater Robotics Market, By Type
7.1. Underwater Robotics Market, by Type, 2021-2030
7.1.1. Remotely Operated Vehicle (ROV)
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Autonomous Underwater Vehicles (AUV)
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Underwater Robotics Market, By Application
8.1. Underwater Robotics Market, by Application, 2021-2030
8.1.1. Defense & Security
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Commercial Exploration
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Scientific Research
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Underwater Robotics Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Type (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Oceaneering International
10.1.1. Company Overview
10.1.2. Type Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Bluefin Robotics Corp
10.2.1. Company Overview
10.2.2. Type Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. International Submarine Engineering
10.3.1. Company Overview
10.3.2. Type Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Schilling Robotics LLC
10.4.1. Company Overview
10.4.2. Type Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Saab AB
10.5.1. Company Overview
10.5.2. Type Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Inuktun Services Ltd.
10.6.1. Company Overview
10.6.2. Type Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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