Global Underwater Robotics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Underwater Robotics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An underwater Robot is a robot that is able to operate underwater without a human occupant. Underwater robot is used to monitor the operations undersea across the oil fields, and discover new species of aquatic animals and exploring sunken ships, as it can drive, drift or glide through oceans without the need of any human operator’s control. Furthermore, it is equipped with a video camera and the lights that are important to get the vision under the sea for research and detection.

Market Overview:

The latest research study on the global Underwater Robotics market finds that the global Underwater Robotics market reached a value of USD 1015.43 million in 2022. It’s expected that the market will achieve USD 1714.52 million by 2028, exhibiting a CAGR of 9.12% during the forecast period.

More strict research requirements

As global warming and accelerating the exploration of unknown ocean areas, scientists and researchers need more detailed and accurate data. Underwater Robotics with advancements in technology and advent of sophisticated measurement tools can satisfied these requirements.

High initial capital investment and R&D cost

Requirements of high initial capital investment and R&D cost are big challenges for startup companies and company operating. Underwater Robotics companies may be required to attract investment in the beginning.

Unpredictable barriers and disturbances

The subsea environment is changing. Unpredictable barriers and disturbances include weather changes, waves, wind, ocean currents and undersea creatures. These have significant impact on underwater robot motion and stability. Robots may have troubles in designated autonomous behavior and mission planning.

Accurate positioning and navigation in depth zone

Positioning and Navigation have challenges in the water depth zone which is far from the sea surface and far from the seafloor. More accurate position and navigation will be popular among underwater robot clients.

Region Overview:

Geographically, United States held the largest market share – 32.28% in 2022.

Company Overview:

Oceaneering International, Inc. is one of the major players operating in the Underwater Robotics market, holding a share of 18.72% in 2023.

Oceaneering International, Inc.

Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

Saab AB

Saab AB (publ) provides products, services, and solutions for the military, defense, and civil security markets worldwide. The company operates in six segments: Aeronautics, Dynamics, Surveillance, Support and Services, Industrial Products and Services, and Kockums. The Aeronautics segment develops, produces, and sells air power systems and military aviation systems, as well as conducts studies on manned and unmanned aircraft systems.

Segmentation Overview:

As for product types, the Crawlers segment held the largest market share in 2022.

Autonomous Vehicle

An autonomous underwater vehicle refers to a robot that travels underwater without requiring input from an operator.

Remotely Operated Vehicle

A remotely operated vehicle is an underwater mobile robot. Remotely operated vehicles are operated by a crew either aboard a vessel/floating platform or on proximate land. They are common in deep water industries for both commercial and military use.

Crawlers

An Underwater Robot Crawler can climb the surfaces of seabed for detection.

Application Overview:

By application, the Underwater Construction segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Underwater Robotics market covered in Chapter 3:

KYSTDESIGN
Atlas Maridan
Saab AB
TechnipFMC
Teledyne Marine
Soil Machine Dynamics
Inuktun
MacArtney Group
Deep Ocean Engineering
Bluefin Robotics
International Submarine Engineering
Forum Energy Technologies
Oceaneering International Inc.
ECA Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Underwater Robotics market from 2018 to 2029 is primarily split into:

Autonomous Vehicle
Remotely Operated Vehicle
Crawlers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Underwater Robotics market from 2018 to 2029 covers:

Scientific Exploration
Military
Underwater Construction

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)