Underwater Robot Market Outlook to 2020: Emerging Trends, Highlights and Challenges Forecast 2027
Market Overview
Global Underwater Robot Market is expected to reach USD 4,914.29 Million by 2025 at a CAGR of 12.5% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. Underwater robotics or underwater vehicles are specialized to either be operated by a remote or programmed to operate automatically without the need for a pilot or an operator. These systems are used for a variety of applications within water bodies such as R&D, commercial projects, oil & gas industry, marine life science, and others. Additionally, one of the major uses of underwater robotics is the need for continuous surveillance in submerged ocean areas. There are two types of underwater robots, namely remotely operated vehicles (ROV) and autonomous underwater vehicles (AUV).
The increasing demand for Underwater Robotics products is the key factor that aids market growth. The underwater robotics manufacturers must provide products as per industry and customer needs while offering advanced technologies to maintain their market positions and gain a competitive advantage. Vendors in the global Underwater Robot Market are focused on improving their technologies and upgrading products as well as expanding into the underdeveloped and developing economies.
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Companies Covered
The Key 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).
Segmentation
By Type: Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicles (AUV)
By Application: Commercial Exploration, Defense & Security, and Scientific Research
By Region: North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Analysis
Global Underwater Robotics Market, by region, has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the global market valued at USD 792.7 million; the market is expected to register a CAGR of 12.7% during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR of 15.8%.
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Report Overview
Market Trends and Competitive Landscapes
Segmentation of Underwater Robotics market by Type
Segmentation of Underwater Robotics market by End-Users
Underwater Robotics Analysis by Major Regions
Product Commodity of Underwater Robotics market in Major Countries
North America Underwater Robotics Landscapes Analysis
Europe Underwater Robotics Landscapes Analysis
Asia Pacific Underwater Robotics Landscapes Analysis
Latin America, Middle East & Africa Underwater Robotics Landscapes Analysis
Major Players Profile
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