The global underwater robotics market size
is expected to reach USD 6.74 billion by 2025, according to a new report by
Grand View Research, Inc. The market is projected to expand at a substantial
CAGR of 13.5% over the forecast period. 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 commercial exploration segment held a
significant share in themarket in 2017. The autonomous underwater vehicles
(AUV) segment is expected to gain traction over the forecast period while
reaching at over USD 1.48 billion by 2025. These vehicles are used in
commercial exploration of oil and gas, military missions, as well as for
scientific research activities.
The market growth is attributed to the
rising investments in defense sectors across different countries. For instance,
in 2016 the United States Department of Defense announced an investment of USD
600 million over the period of 2016 to 2020 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.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/underwater-robotics-market
https://www.grandviewresearch.com/industry-analysis/underwater-robotics-market
Further key findings from the study suggest:
· The global underwater robotics market
accounted for USD 2.52 billion in 2017 and is expected to develop at a CAGR of
13.5% from 2018 to 2025
· ROV segment emerged as the largest by type
in 2017 and is estimated to reach USD 5.26 billion by 2025
· By application, the commercial exploration
segment is anticipated to witness the highest CAGR of 14.8% over the forecast
period
· The Asia Pacific region is estimated to
expand at the highest CAGR over the forecast period. Growing investments in
autonomous marine vehicles in countries such as China, South Korea, Japan,
India, and Australia are expected to drive the region’s growth
· Some of the key companies are Oceaneering
International Inc.; ECA Group; Atlas Maridan; and Bluefin Robotics Corp.
Grand View Research has segmented the
global underwater robotics market on the basis of type, application, and
region:
Underwater Robotics Type Outlook (Revenue,
USD Million, 2014 - 2025)
·
Remotely Operated Vehicle (ROV)
·
Autonomous Underwater Vehicles (AUV)
Underwater Robotics Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Defense & Security
·
Commercial Exploration
·
Scientific Research
·
Others
Underwater Robotics Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
Russia
o
France
·
Asia Pacific
o
China
o
India
o
Japan
o
Australia
·
Latin America
o
Brazil
o
Mexico
·
MEA
Access Press Release of Underwater Robotics Market@ https://www.grandviewresearch.com/press-release/global-underwater-robotics-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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