Skip to main content

Underwater Robotics Market Share, Size, Future Demand, Top Leading Player, and Emerging Trends

The rising adoption of underwater robots in offshore oil and gas exploration & production (E&P) activities for drilling, maintenance, and repair purposes to overcome the limitations of human subsea divers, will drive the underwater robotics market growth during the forecast period (2020–2030). Moreover, the surging adoption of such robotic systems in the military and defense industry will also supplement the market growth in the coming years. 

According to P&S Intelligence, North America will account for the largest share in the underwater robotics market during the forecast period. Whereas, the Asia-Pacific (APAC) market is expected to register the fastest growth in the coming years, due to the mounting investments being made in the development of autonomous marine vehicles in China, Australia, India, South Korea, and Japan.


Furthermore, the European region will also showcase notable growth over the forecast period, owing to the increasing oil and gas exploration activities in the region. These robots are remotely operated autonomous vehicles which are designed to function underwater for continued surveillance. For example, Norway's DeepOcean completed the acquisition of the Texas-based Delta SubSea LLC, in 2018, to expand its presence in the Gulf of Mexico region and the U.S.

In recent years, key market players such as Inuktun Services Ltd., Saab AB, International Submarine Engineering Ltd., ECA Group, ATLAS MARIDAN ApS, Oceaneering International Inc., Soil Machine Dynamics Ltd., Deep Ocean Engineering Inc., Bluefin Robotics Corporation, and Schilling Robotics LLC are focusing on innovations, product launches, partnerships, collaborations, and mergers and acquisitions to gain a competitive edge. 

Thus, the rising production from offshore oil and gas reserves and increasing usage of underwater robots in the military and defense sector will augment the market growth in the foreseeable future.
Labels:

Comments

Post a Comment

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

3D Printing Ceramics Market Research by Products & Services, Components & Geography

The technology has created immense opportunities for product designing and helped in consolidating product assembly processes. Ceramics are mainly used for printing plates, cups, and other cutlery items. Ceramic prototypes are also used in high temperature application areas in the aerospace and automotive industries. Get a free sample copy of this report @  https://www.psmarketresearch.com/market-analysis/3d-printing-ceramics-market/report-sample Rapid growth in the 3D printing ceramics market is driven by rise in demand for 3D printing in the dental industry and product modification, and development in various end-use industries. 3D printing is gaining demand in the healthcare industry, especially for dental applications. Ceramics are being preferred for 3D printing of orthopedic and dental implants, and heart valves, due to their characteristics such as inertness, porosity, resistance to high wear, high compression strength, and capability to mold into a variety of shapes...
Post a Comment
Read more