Report Code: A08846 | Nov 2023 | Pages: NA | ||
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Request Now !Aquatic robots include robotics that sail, submerge, or crawl under water. They can be controlled either autonomously or remotely. Those robots have been widely used in recent years for seafloor explorations. This technology proved beneficial as it provides advanced data at a reduced cost. Continuous ocean surveillance is extended to underwater robots because they are designed to operate in demanding conditions where divers' health and accessibility are compromised. Aquatic robots are used in maritime safety, marine biology and underwater archaeology. In addition, they play an important role in offshore industry growth. Increasing use of advanced robotics technology in the oil & gas industry and increasing investments in defense sectors across various countries are two major factors affecting the market growth.
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Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Aquatic robots are majorly utilized across the military & defense sector applications across the world, as it supports military operations in underwater surveillance. Furthermore, it also aids in patrolling and alarming in case of any incursion the enemy ships, and protecting the harbors and also the mine sweep for improving country's navel protection. Increased investments in R&D activities along with rise in awareness of the availability of advanced imaging systems is also expected to fuel the global aquatic robot market growth. However, need of high initial capital investment and requirement if highly skilled professional for maintenance can hamper the growth of the global aquatic robotics market. Furthermore, in situation of occurrence of underwater failures, expeditions or surveys along with problems of aquatic robotic systems demand extra cost inclusions is another factor that is expected to negatively impact the growth of the global aquatic robotics industry. However, with several well-established market players from the aquatic robots’ domain have increasingly come up with innovative ideas, is expected create lucrative opportunities.
The global aquatic robot market trends are as follows:
AUV segment shares a significant market share
The AUV segment is expected to witness a significant growth. It is attributed to the increasing demand and deployment in defense applications such as surveillance, measurement of mine counter, application of anti-warfare, and others. In addition, potential uses in ocean floor mapping, water sampling monitoring, polar ice analysis, and pipeline inspection are expected to drive further expansion.
Growth in adoption of automated technology in oil & gas industry
Development is due to increased usage in offshore oil & gas extraction as well as in underwater mineral mining activities. Underwater robotics is one of the main technologies miners use to exploit mineral deposits in deep sea. Mining companies use robotics technology to extract the rich mineral deposits beneath the seabed.The use of remotely operated vehicles for offshore oil and gas exploration development, drilling, maintenance, and repair operations to overcome restrictions for human divers contributes growth of the aquatic robotics market.
Adoption of aquatic robots in military & defense
The U.S. is making major investments to improve its defense sector overall. Investments were made to make advances in unmanned undersea variable payload vehicles to enhance their capabilities. The U.S. Navy has invested heavily in developing its overall operations such as monitoring and acoustic surveillance, rescue actions and setups of antisubmarine warfare, and marine countermeasure. Both of these factors contribute to the North American demand for aquatic robotics rising.
Due to presence of established as well as key players that offer different types of ROV and AUV products that holds a strong competition in the market. Development of innovative products are challenging other market players. Providers of aquatic robotics use approaches such as new product development and acquisitions to broaden their product range and improve their position in the industry.
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Aquatic Robot Market Report Highlights
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Key Market Players | Saab AB, Bluefin Robotics Corporation, Soil Machine Dynamics Ltd, Schilling Robotics, LLC, ECA Group, Oceaneering International, Inc., International Submarine Engineering, Inuktun Services Ltd., Deep Ocean Engineering, Inc., ATLAS MARIDAN Aps |
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