Product Code: GVR-2-68038-421-5
Underwater Robotics Market Growth & Trends:
The global underwater robotics market size is expected to reach USD 13.02 billion by 2030, registering a CAGR of 14.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising adoption of underwater robotics technology across military and commercial exploration applications for intelligence, surveillance, inspection, underwater repair maintenance, navigation and communication, and other operations is anticipated to boost market growth over the forecast period.
The commercial exploration segment held a significant share in the market in 2017. The autonomous underwater vehicles (AUV) segment is expected to gain traction over the forecast period while reaching over USD 1.48 billion by 2025. These vehicles are used in the commercial exploration of oil and gas, military missions, as well as for scientific research activities.
The market growth is attributed to the rising investments in defense sectors across different countries. For instance, in 2016 the United States Department of Defense announced an investment of USD 600 million over the period of 2016 to 2020 for the development of variable payload unmanned undersea vehicles capabilities. This investment was majorly made by the U.S. Navy to improve intelligence, surveillance and rescue operations, acoustic surveillance, mine countermeasure, and anti-submarine warfare operation.
Underwater Robotics Market Report Highlights:
- The global underwater robotics market accounted for USD 4.49 billion in 2022 and is expected to develop at a CAGR of 14.5% from 2023 to 2030
- The Remotely Operated Vehicles (ROV) segment accounted for the largest revenue share of 79.8% in 2022.
- The commercial exploration segment held the largest revenue share of 39.6% in 2022 and is expected to grow at the fastest CAGR during the forecast period.
- The Asia Pacific region is estimated to expand at the highest CAGR over the forecast period. Growing investments in autonomous marine vehicles in countries such as China, South Korea, Japan, India, and Australia are expected to drive the region's growth
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Type
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Underwater Robotics Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Underwater Robotics Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. Underwater Robotics Market : Type Estimates & Trend Analysis
- 4.1. Underwater Robotics Market: Key Takeaways
- 4.2. Underwater Robotics Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Remotely Operated Vehicle (ROV)
- 4.3.1. Remotely Operated Vehicle (ROV) market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Autonomous Underwater Vehicle (AUV)
- 4.4.1. Autonomous Underwater Vehicle (AUV) market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Underwater Robotics Market : Application Estimates & Trend Analysis
- 5.1. Underwater Robotics Market: Key Takeaways
- 5.2. Underwater Robotics Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Defense & Security
- 5.3.1. Defense & security market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Commercial Exploration
- 5.4.1. Commercial exploration market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.5. Scientific Research
- 5.5.1. Scientific research market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Underwater Robotics Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Underwater Robotics Market by Region: Key Takeaway
- 6.3. North America
- 6.3.1. North America Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.3. Canada
- 6.3.3.1. Canada Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4. Europe
- 6.4.1. Europe Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.2. UK
- 6.4.2.1. UK Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.3. Germany
- 6.4.3.1. Germany Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.4. France
- 6.4.4.1. France Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.2. Japan
- 6.5.2.1. Japan Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.3. China
- 6.5.3.1. China Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.4. India
- 6.5.4.1. India Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.5. Australia
- 6.5.5.1. Australia Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.6. South Korea
- 6.5.6.1. South Korea Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6. Latin America
- 6.6.1. Latin America Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6.3. Mexico
- 6.6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7. MEA
- 6.7.1. MEA Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.3. South Africa
- 6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.4. UAE
- 6.7.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. ATLAS MARIDAN Aps
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Deep Ocean Engineering, Inc.
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. General Dynamics Mission Systems, Inc.
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. ECA GROUP
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. International Submarine Engineering Limited
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Eddyfi Technologies
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. Oceaneering International, Inc.
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. Saab AB
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. TechnipFMC plc
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. Soil Machine Dynamics Ltd.
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Product benchmarking
- 7.2.10.4. Strategic initiatives