Unmanned Underwater Robot Market
Unmanned Underwater Robot Market Forecasts to 2030 - Global Analysis By Type (Remotely Operated Vehicles (ROVs) , Autonomous Underwater Vehicles (AUVs) and Other Types), Application (Defense and Security, Oil and Gas Exploration, Environmental Monitoring, Scientific Research and Other Applications) and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2362.10 MN |
|
Projected Year Value (2030) |
US $7,659.33 MN |
|
CAGR (2023 - 2030) |
18.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Unmanned Underwater Robot Market is accounted for $2362.10 million in 2023 and is expected to reach $7,659.33 million by 2030 growing at a CAGR of 18.3% during the forecast period. In the field of marine exploration and research, unmanned underwater robots, also referred to as autonomous underwater vehicles (AUVs) or underwater drones, represent state-of-the-art technology. These advanced devices are made to function autonomously and precisely in the ocean's depths without direct human supervision. Additionally, unmanned underwater robots, outfitted with sophisticated sensors, cameras, and sonar systems, are indispensable in a multitude of applications, such as underwater mapping, oceanography, environmental monitoring, and underwater archaeology.
According to the International Association of Robotics (IAR), the advancements in unmanned underwater robot technology have significantly contributed to the field of marine exploration, enabling researchers to gather precise data and conduct extensive studies in challenging underwater environments.
Market Dynamics:
Driver:
Requirement for economical and effective solutions
One of the main factors propelling the growth of the unmanned underwater robot market is the increasing need for effective and affordable solutions in underwater exploration and research. The autonomous nature of these robots proves advantageous as industries like environmental monitoring, offshore energy, and marine science look for ways to streamline operations. Moreover, unmanned underwater robots are a cost-effective substitute for humans in a variety of applications, such as underwater surveys, data collection, and maintenance duties. They can function in harsh marine environments.
Restraint:
High starting prices
One major obstacle facing potential users of unmanned underwater robots is the high upfront costs involved in their acquisition and deployment. High initial costs are a result of the complex technology, sophisticated sensors, and materials needed to build dependable underwater systems. Furthermore, this could prevent wider adoption by acting as a barrier for smaller businesses, academic institutions, or budget-constrained industries.
Opportunity:
Extension of submerged resource investigation
The growing opportunities in the exploration of underwater resources present opportunities for the unmanned underwater robot market. With the increasing demand for natural gas, oil, and minerals around the world, these robots can be extremely helpful in carrying out economical and successful surveys, inspections, and extractions in underwater environments. Additionally, their capacity to descend to levels that pose a challenge to human divers makes them perfect for investigating novel regions abundant in resources.
Threat:
Absence of global regulations
Unmanned underwater robots are not yet subject to comprehensive international regulatory standards, which could hinder their widespread adoption. Different laws in different nations and areas can make it difficult to share data, maintain compliance with safety and ethical standards, and enable interoperability. However, creating uniform laws and policies is necessary to promote the coordinated and ethical use of unmanned underwater robots throughout the world.
Covid-19 Impact:
The unmanned underwater robot market has been impacted by the COVID-19 pandemic. Although there were brief setbacks at first due to supply chain, manufacturing, and logistics disruptions, the pandemic has sped up the use of these autonomous systems across a number of industries. The pandemic has highlighted the need for remote and autonomous technologies, particularly in sectors like defense, offshore energy, and environmental monitoring. Moreover, the market for unmanned underwater robots has seen a surge in innovation and investment due to the growing need for autonomous solutions for jobs like maintenance, data collection, and inspections.
The Remotely Operated Vehicles (ROVs) segment is expected to be the largest during the forecast period
It is projected that the remotely operated vehicles, or ROVs, segment will command the largest market share. Robotic off-shore oil and gas, scientific research, and marine infrastructure inspection are just a few of the industries that make extensive use of ROVs. ROVs are indispensable for tasks requiring human intervention because of their precise manipulation capabilities and real-time control when tethered to a control ship or platform. Additionally, their popularity in sectors where complex operations and close supervision are essential is a result of their adaptability and capacity to work at various depths.
The Defense and Security segment is expected to have the highest CAGR during the forecast period
The segment with the highest CAGR is defense and security. The need for sophisticated unmanned systems, especially remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs), has increased due to a greater emphasis on maritime security, naval defense, and the preservation of underwater assets on a worldwide scale. Furthermore, these technologies are essential to applications like underwater surveillance, mine countermeasures, and reconnaissance, which fuels the industry's strong expansion.
Region with largest share:
It is projected that the Asia-Pacific region will command the largest market share. Asia-Pacific nations like China, Japan, and South Korea have shown significant progress in underwater technology in recent years, along with an increasing use of unmanned underwater systems. Strong maritime presence, growing defense and security spending, as well as growing interest in offshore exploration and environmental monitoring, all benefit the Asia-Pacific region. Moreover, driving the adoption of underwater robotics is China, with its growing navy and marine research initiatives, and Japan, known for its technological innovation.
Region with highest CAGR:
In the market, Europe is projected to have the highest CAGR. European nations that have made significant investments in marine technology and research include Germany, Norway, and the United Kingdom. Underwater robotics adoption is growing in part because of the region's strong emphasis on offshore industries, environmental conservation, and marine exploration. Furthermore, Europe is well-positioned for long-term growth due to its dedication to improving maritime security and continuous advancements in underwater technology.
Key players in the market
Some of the key players in Unmanned Underwater Robot market include Bluefin Robotics, Kongsberg Maritime, SeaHorizon Solutions Group, Atlas Elektronik, Hydroid (Huntington Ingalls Industries), L3 OceanServer, SAAB Group, Teledyne Marine, Boston Engineering and Forum Energy Technologies.
Key Developments:
In December 2023, Babcock International and Atlas Elektronik UK (AEUK) have signed a charter to foster a deeper and more collaborative relationship. The agreement sets out the principles for collaborative exploration on services and solutions for customers, utilising systems integration, maintenance and in-service support expertise from Babcock and AEUK’s experience in product and software design, installation and in-service support and training.
In September 2023, Saab and Babcock International Group (Babcock) signed a strategic cooperation agreement at DSEI. The purpose of the Agreement is seeking to enable the delivery of enhanced capabilities to customers by leveraging the companies’ collective unique strengths through offering a broader range of products, services and integrated solutions. Under the Agreement, the companies will explore the development of the design of a new advanced corvette of around 100 metres.
In March 2023, Kongsberg Maritime (KM) and Samsung Heavy Industries Co. (SHI) signed a Joint Development Project Agreement (JDA), an agreement that serves as the basis to develop a design for next-generation autonomous 174K LNG Carrier, leveraging autonomous, remote and low emission technology. In the partnership, SHI will be system integrator with overall design responsibility, while KM will be responsible for the integrated solution designs and have the role as a strategic partner.
Types Covered:
• Remotely Operated Vehicles (ROVs)
• Autonomous Underwater Vehicles (AUVs)
• Other Types
Applications Covered:
• Defense and Security
• Oil and Gas Exploration
• Environmental Monitoring
• Scientific Research
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Unmanned Underwater Robot Market, By Type
5.1 Introduction
5.2 Remotely Operated Vehicles (ROVs)
5.3 Autonomous Underwater Vehicles (AUVs)
5.4 Other Types
6 Global Unmanned Underwater Robot Market, By Application
6.1 Introduction
6.2 Defense and Security
6.3 Oil and Gas Exploration
6.4 Environmental Monitoring
6.5 Scientific Research
6.6 Other Applications
7 Global Unmanned Underwater Robot Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Bluefin Robotics
9.2 Kongsberg Maritime
9.3 SeaHorizon Solutions Group
9.4 Atlas Elektronik
9.5 Hydroid (Huntington Ingalls Industries)
9.6 L3 OceanServer
9.7 SAAB Group
9.8 Teledyne Marine
9.9 Boston Engineering
9.10 Forum Energy Technologies
List of Tables
1 Global Unmanned Underwater Robot Market Outlook, By Region (2021-2030) ($MN)
2 Global Unmanned Underwater Robot Market Outlook, By Type (2021-2030) ($MN)
3 Global Unmanned Underwater Robot Market Outlook, By Remotely Operated Vehicles (ROVs) (2021-2030) ($MN)
4 Global Unmanned Underwater Robot Market Outlook, By Autonomous Underwater Vehicles (AUVs) (2021-2030) ($MN
5 Global Unmanned Underwater Robot Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Unmanned Underwater Robot Market Outlook, By Application (2021-2030) ($MN)
7 Global Unmanned Underwater Robot Market Outlook, By Defense and Security (2021-2030) ($MN)
8 Global Unmanned Underwater Robot Market Outlook, By Oil and Gas Exploration (2021-2030) ($MN)
9 Global Unmanned Underwater Robot Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
10 Global Unmanned Underwater Robot Market Outlook, By Scientific Research (2021-2030) ($MN)
11 Global Unmanned Underwater Robot Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Unmanned Underwater Robot Market Outlook, By Country (2021-2030) ($MN)
13 North America Unmanned Underwater Robot Market Outlook, By Type (2021-2030) ($MN)
14 North America Unmanned Underwater Robot Market Outlook, By Remotely Operated Vehicles (ROVs) (2021-2030) ($MN)
15 North America Unmanned Underwater Robot Market Outlook, By Autonomous Underwater Vehicles (AUVs) (2021-2030) ($MN
16 North America Unmanned Underwater Robot Market Outlook, By Other Types (2021-2030) ($MN)
17 North America Unmanned Underwater Robot Market Outlook, By Application (2021-2030) ($MN)
18 North America Unmanned Underwater Robot Market Outlook, By Defense and Security (2021-2030) ($MN)
19 North America Unmanned Underwater Robot Market Outlook, By Oil and Gas Exploration (2021-2030) ($MN)
20 North America Unmanned Underwater Robot Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
21 North America Unmanned Underwater Robot Market Outlook, By Scientific Research (2021-2030) ($MN)
22 North America Unmanned Underwater Robot Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Unmanned Underwater Robot Market Outlook, By Country (2021-2030) ($MN)
24 Europe Unmanned Underwater Robot Market Outlook, By Type (2021-2030) ($MN)
25 Europe Unmanned Underwater Robot Market Outlook, By Remotely Operated Vehicles (ROVs) (2021-2030) ($MN)
26 Europe Unmanned Underwater Robot Market Outlook, By Autonomous Underwater Vehicles (AUVs) (2021-2030) ($MN
27 Europe Unmanned Underwater Robot Market Outlook, By Other Types (2021-2030) ($MN)
28 Europe Unmanned Underwater Robot Market Outlook, By Application (2021-2030) ($MN)
29 Europe Unmanned Underwater Robot Market Outlook, By Defense and Security (2021-2030) ($MN)
30 Europe Unmanned Underwater Robot Market Outlook, By Oil and Gas Exploration (2021-2030) ($MN)
31 Europe Unmanned Underwater Robot Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
32 Europe Unmanned Underwater Robot Market Outlook, By Scientific Research (2021-2030) ($MN)
33 Europe Unmanned Underwater Robot Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Unmanned Underwater Robot Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Unmanned Underwater Robot Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Unmanned Underwater Robot Market Outlook, By Remotely Operated Vehicles (ROVs) (2021-2030) ($MN)
37 Asia Pacific Unmanned Underwater Robot Market Outlook, By Autonomous Underwater Vehicles (AUVs) (2021-2030) ($MN
38 Asia Pacific Unmanned Underwater Robot Market Outlook, By Other Types (2021-2030) ($MN)
39 Asia Pacific Unmanned Underwater Robot Market Outlook, By Application (2021-2030) ($MN)
40 Asia Pacific Unmanned Underwater Robot Market Outlook, By Defense and Security (2021-2030) ($MN)
41 Asia Pacific Unmanned Underwater Robot Market Outlook, By Oil and Gas Exploration (2021-2030) ($MN)
42 Asia Pacific Unmanned Underwater Robot Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
43 Asia Pacific Unmanned Underwater Robot Market Outlook, By Scientific Research (2021-2030) ($MN)
44 Asia Pacific Unmanned Underwater Robot Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Unmanned Underwater Robot Market Outlook, By Country (2021-2030) ($MN)
46 South America Unmanned Underwater Robot Market Outlook, By Type (2021-2030) ($MN)
47 South America Unmanned Underwater Robot Market Outlook, By Remotely Operated Vehicles (ROVs) (2021-2030) ($MN)
48 South America Unmanned Underwater Robot Market Outlook, By Autonomous Underwater Vehicles (AUVs) (2021-2030) ($MN
49 South America Unmanned Underwater Robot Market Outlook, By Other Types (2021-2030) ($MN)
50 South America Unmanned Underwater Robot Market Outlook, By Application (2021-2030) ($MN)
51 South America Unmanned Underwater Robot Market Outlook, By Defense and Security (2021-2030) ($MN)
52 South America Unmanned Underwater Robot Market Outlook, By Oil and Gas Exploration (2021-2030) ($MN)
53 South America Unmanned Underwater Robot Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
54 South America Unmanned Underwater Robot Market Outlook, By Scientific Research (2021-2030) ($MN)
55 South America Unmanned Underwater Robot Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Remotely Operated Vehicles (ROVs) (2021-2030) ($MN)
59 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Autonomous Underwater Vehicles (AUVs) (2021-2030) ($MN
60 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Other Types (2021-2030) ($MN)
61 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Application (2021-2030) ($MN)
62 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Defense and Security (2021-2030) ($MN)
63 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Oil and Gas Exploration (2021-2030) ($MN)
64 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
65 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Scientific Research (2021-2030) ($MN)
66 Middle East & Africa Unmanned Underwater Robot Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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