According to a market report by Lucintel, the future of the global underwater robotic market looks promising with opportunities in the defense & security, commercial exploration, and scientific research applications. The global underwater robotic market is expected to reach an estimated $2.38 billion by 2028 with a CAGR of 12.5% from 2023 to 2028. The major drivers for this market are rising number of offshore oil and gas exploration activities, increasing need for AUVs (autonomous underwater vehicle) for scientific research projects and underwater exploration, and growing adoption of underwater bots.
Remotely operated vehicles and autonomous underwater vehicles are the two types of underwater robotic used by various end use industries. Lucintel forecasts that autonomous underwater vehicle segment is expected to witness a higher growth over the forecast period due to the substantial utilization of such vehicles in the defense industry for surveillance, mine countermeasures, and anti-warfare applications.
Within this market, commercial exploration segment will remain the largest segment due to the rising number of undersea mineral exploration activities and increasing usage of underwater robotic technology for discovering alternate oil as well as gas resources.
North America will remain the largest region over the forecast period due to growing number of exploration operations in oceans and the existence of a huge number of offshore reserves in the region.
Atlas Maridan, Deep Ocean Engineering, General Dynamics Mission Systems, International Submarine Engineering, ECA SA, Eddyfi, and Oceaneering International are the major suppliers in the global underwater robotic market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global underwater robotic market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Underwater Robotic Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global underwater robotic market by product type, application, and region, as follows:
Underwater Robotic Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
Remotely Operated Vehicle (ROV)
Autonomous Underwater Vehicles (AUV)
Underwater Robotic Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Defense & Security
Commercial Exploration
Scientific Research
Others
Underwater Robotic Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis,
Growth Consulting, M&A, and
Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global underwater robotic market by product type (remotely operated vehicle and autonomous underwater vehicles), application (defense & security, commercial exploration, scientific research, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?