The global Underwater Robotics Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Underwater Robotics Market study offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain ruthless advantage. Underwater Robotics Market Forecast provides sizing and growth opportunities. It provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. it also includes a detailed analysis of growth drivers, challenges, and investment opportunities and delivers a complete overview of segments and the regional outlook of the market.
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The global underwater robotics market size is anticipated to reach USD 6.74 billion until 2025. It is anticipated to register growth with 13.5% CAGR during the forecasted period, 2018 to 2025. This growth can be associated with its surging usage for carrying out underwater activities like intelligence, surveillance, and investigation.
In 2017, The ROV segment held a share of 86.0% across the global market due to the surging offshore deep sea drilling and oil industry across the globe. The AUV segment is projected to witness highest growth in the upcoming years on account of rising adoption and demand across the defense sector for carrying out activities like anti-warfare applications and surveillance.
The segment of commercial exploration dominated the global market. It is also expected to continue its dominance on account of surging need for carrying out offshore gas, oil, and undersea mineral exploration activities. Also, activities like extraction and mining are anticipated to positively impact the market growth in the upcoming years.
Europe dominated the global market with revenue of USD 855.6 million due to rising offshore gas and oil exploration activities across majority of European countries. But, Asia Pacific is expected to witness highest growth on account of surging usage for oil exploration and defense activities across countries like China, Japan and India.
The underwater robotics market includes key players are adopting several marketing strategies like collaborations, mergers, acquisitions, partnerships to widen their product portfolio, and reach. Also, rising presence of small players is creating strong competition among the players.
Further key findings from the report suggest:
• In 2017, the ROV segment held a share of 86.0% across the global market.
• The segment commercial exploration dominated the global market in 2017 and is expected to continue its dominance over the forecasted period.
• Europe dominated the global market in 2017 and generated a revenue of USD 855.6 Million.
Top Key Players of Underwater Robotics Market:
Oceaneering International, Schilling Robotics LLC, International Submarine Engineering, and Bluefin Robotics Corp.
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