What is Underwater Robotics?
Underwater robots currently play prominent roles in a number of scientific, commercial, and military tasks. In all of these areas, remotely teleoperated vehicles are well developed, and they are becoming increasingly automated to relieve the strain on human operators while also improving efficiency. ROVs are used extensively in the oil and gas industry for the construction, inspection, and maintenance of platforms, pipelines, and subsea production facilities, similarly AUVs are exclusively used for survey and Inspection purposes. This has strongly led to the growing demand for ROVs and AUVs across regions in the world. Another Factor indicating the growth potential of the underwater robotics market is the inflated defense budgets. In the future Underwater Robots are expected to be more and more ubiquitous and one of the main contributors to the new digitized economy.
The market study is broken down by Type (Autonomous Vehicle, Remotely Operated Vehicle and Crawlers), by Application (Scientific Exploration, Military and Underwater Construction) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Underwater Robotics market throughout the predicted period.
Atlas Maridan ApS. (Germany), Deep Ocean Engineering Inc. (United States), Oceaneering International Inc. (United States), Saab Seaeye (Sweden), TechnipFMC plc (United Kingdom), Soil Machine Dynamics Ltd. (United Kingdom), General Dynamics Mission Systems Inc. (United States), International Submarine Engineering Ltd. (Canada), ECA SA (France) and Larsen & Toubro Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Schilling Robotics LLC (United States), Bluefin Robotics Corp (United States) and Eddyfi (Canada).
AdvanceMarketAnalytics has segmented the market of Global Underwater Robotics market by Type, Application and Region.
On the basis of geography, the market of Underwater Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Propulsion, the sub-segment i.e. Electric will boost the Underwater Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Navigation System will boost the Underwater Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 9th February, 2020 - Eddyfi acquired Inuktun, a manufacturer of remotely controlled crawlers and camera systems, to provide training, product rentals, equipment calibration and repair, as well as support services for Inuktun systems
On 11th September, 2019 - General Dynamics Mission Systems Inc. Launched its New Autonomous Unmanned Underwater Vehicle, The Bluefin-12. This Underwater System has Advance Mission Modularity, With Embedded Intelligence to cater to Various Operations with Long-Endurance, And High-Consequence, On 12th February, 2020 - Saab Completed Partnership Agreement with Australian Department of Defense for Combat Management Systems, Under the Agreement, The Royal Australian Navy's Hunter Class Frigates Will Receive A Tactical Interface. Saab's "Next Generation" Combat Management System (CMS) Will Be Used for The Tactical Interface and On 30th March, 2020 - ECA Group Provides Lithuanian Navy with Its Underwater Robot “K-STER”, An Efficient ROV Solution for Sea Mines Clearance
- Increase in Investment in Offshore Hydrocarbon Extraction Operations or Offshore Oil Rigs
- Increasing Vulnerabilities from the Sea
- Increased Demand for Advance Long Endurance Underwater Robots
- Rising Investment in Autonomous and Drone Technology
- Increased Research and Development on Long Endurance Capabilities
- Supply Demand Deficit in Emerging Economies
- High Initial Cost of Research and Development to Manufacture High Endurance Underwater Vehicles
- Technology Transfer Limitations
- High Operational Costs of Autonomous Underwater Robots
- Advance Counter Technology and Devices
Key Target AudienceUnderwater Robotics Manufacturers, New Entrants and Investors, Component Suppliers, End-Use Industries, Underwater Robotics Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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