Global Underwater Robotics market

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Global Underwater Robotics market by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV)), by Application (Defense & Security, Commercial Exploration, Scientific Research), & by Region — Global Forecast till 2023

Underwater Robotics Market Research

Report By Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023


Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


Underwater Robotics Market Forecast To 2023

Underwater Robotics Market Forecast To 2023

• An increase in the application of underwater robotics in oceanic engineering is expected in the

upcoming years. Market Research Future (MRFR) in its latest assessment has highlighted that the

Global Underwater Robotics market is expected to value at over USD 4 Bn by 2023 up from USD

2.12 Bn in 2017. The market, as per the report, is poised to strike a double-digit CAGR of 12.6% over

the assessment period 2018 to 2023. The constant need for surveillance at submerged ocean areas

is expected to boost the revenue generation of the underwater robotics market in the forthcoming



Underwater Robotics Market Forecast To 2023

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• Many countries such as India, Australia, the U.S., the U.K., etc. are at risk of underwater attacks.

This, in turn, is projected to lead to a rise in investments in underwater robotics over the next

couple of years. In addition, the dispute in the South China sea is also prognosticated to propel the

expansion of underwater robotics market in the nearby future.

• Increasing budget allocations for the defense sector is anticipated to impact the growth of the

market favorable in the foreseeable future. Also, the growth of the marine industry is forecasted to

catalyze the expansion of the underwater robotics market across the review period. Other

applications of the technology are underwater payload delivery, mine detection, etc. Investments

are being injected in research & development for increasing the technological capability of the

product. It is anticipated to revolutionize the growth trajectory of the underwater robotics market

in the foreseeable future.


Underwater Robotics Market Forecast To 2023

Global Underwater Robotics Market Segmented on the basis of

On the basis of type, the global underwater robotics market has been segmented into autonomous

underwater vehicle (AUV), and remotely operated vehicle (ROV).

By application, the underwater robotics market is segmented into commercial exploration, defense &

security, and scientific research.


Underwater Robotics Market Forecast To 2023

Global Underwater Robotics Market - Geographical Analysis

• The global underwater robotics market, based on region, has been segmented into North America, Asia Pacific

(APAC), Europe, and the Rest of the World (RoW). Among these, North America is projected to dominate the

global market over the next couple of years. The U.S. is the most crucial country-level market in the region.

Increasing use of underwater robotics in the U.S. Navy for security is expected to drive market growth over the

evaluation period. In addition, increasing applications in the oil & gas industry for exploration activities is also

anticipated to support the expansion of the underwater robotics market in the region. The U.S. constitutes

around 28% of the total market share and is expected to witness substantial growth pace over the next few

years. The region is also poised to witness a rise in exports, thus, catalyzing market growth.

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Underwater Robotics Market Forecast To 2023

Global Underwater Robotics Market - Competitive Analysis

• Atlas Maridan ApS (Denmark), Kongsberg Gruppen (Norway), Deep Ocean Engineering, Inc. (US), ECA SA (France),

Bluefin Robotics (US), International Submarine Engineering Ltd (Canada), Saab AB (Sweden), Schilling Robotics,

LLC (US), Inuktun Services Ltd (Canada), and Soil Machine Dynamics Ltd (UK) are some of the top-notch players

participating in the landscape of the global underwater robotics market. Other key players of the market include

Boston Engineering Corporation (US), BaltRobotics Sp.z.o.o. (Poland), Oceaneering International, Inc. (US), BAE

Systems PLC (UK), Ocean Aero, Inc. (US), Pelorus Naval Systems Inc. (US), Palmarii Dynamics AB (Sweden), and

SeaRobotics Corporation (US).

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