Shibuya-ku, Tokyo, Japan, Japan, Dec 06, 2021, 05:20 /Comserve / -- Global Underwater Robotics Market is expected to record a CAGR of 12.5% to register a USD 4,914.29 Million by 2025. In 2019,
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Global Underwater Robotics Market is expected to record a CAGR of 12.5% to register a USD 4,914.29 Million by 2025. In 2019, the market was accounted for USD 2,473.79 Million owing to the growing demand for robots for defense and security applications in different countries. The automated machine within water bodies to acquire knowledge about natural resources, for surveillance, and other industrial and economic processes.
The market for underwater robotics is anticipated to register incredible growth during the review period. The growth of the global market is expected to propel by the increasing requirement for continuous surveillance of submerged ocean areas and the growing demand for underwater robots from the military & defense sectors. Furthermore, technical advancements in sensors and imaging systems have created opportunities for robot manufacturers to integrate updated technology in their products and fuel the market growth. However, the increased costs associated with the R&D of underwater robots may restrain the growth of the global market during the assessment period. Additionally, countries like the US and China have invested in underwater robots to strengthen their security and maintain high surveillance over their maritime borders.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Underwater Robotics Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast - 2025
Market Segmentation
The global underwater robotics market has been categorized into type, application, and region.
By type segment, the underwater robotics market has been classified into remotely operated vehicles (ROV) and autonomous underwater vehicles (AUV). A remotely operated vehicle (ROV) is usually tied to a ship using a series of cables and is used along with a tether management system (TMS). The growth of the ROV segment is fuelled by the increasing offshore deep-sea oil and drilling industry owing to its requirement to perform undersea operations, such as equipment assembling, drilling, underwater repair, and maintenance.
Based on application type the market has been segmented into Commercial Exploration, Defense & Security, and Scientific Research.
Regional Analysis
Geographically, the Global Underwater Robotics Market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to contribute to the biggest market share owing to the largest market share in 2019. In terms of value, the regional market is expected to reach USD 792.7 million to exhibit a CAGR of 12.7% during the review period. The growth of the global underwater robotics market in North America is propelled by the existence of major market players and increasing investments made by the military and defense agencies in underwater robotics.
The global underwater robotics market in Asia-Pacific is evaluated to register the highest CAGR of 15.8%. Regional market growth is driven by the rising investments made by the countries in the region to strengthen their military forces.
Major Players
The Major Companies in the Global Underwater Robotics Market include Atlas Maridan ApS. (Germany), Deep Ocean Engineering, Inc. (US), General Dynamics Mission Systems, Inc. (US), International Submarine Engineering Ltd. (Canada), ECA SA (France), Eddyfi (Canada), Oceaneering International, Inc. (US), Saab AB (Sweden), TechnipFMC plc (UK), and Soil Machine Dynamics Ltd. (UK).
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Underwater Robotics Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast - 2025
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 OVERVIEW
2.2 SCOPE OF STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 NEED FOR CONTINUOUS SURVEILLANCE OF SUBMERGED OCEAN AREAS
4.2.2 DEMAND FOR UNDERWATER ROBOTS FROM MILITARY & DEFENSE VERTICAL
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
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