The global Underwater Robotics market was valued at 207.02 Million USD in 2021 and will grow with a CAGR of 12.49% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Underwater robots are used for continuous oceanic surveillance. They are designed to work in challenging environments where the safety and accessibility of divers is compromised. Underwater robots have several applications in the fields of maritime security, underwater archaeology, and marine biology. They also play an important role in the development of the Offshore industry. The potential use in underwater surveillance and offshore oil and gas exploration is expected to boost market growth over the forecast period. For instance, Remotely Operated Vehicles (ROVs) are extensively used for drilling, development, repair, and maintenance operations for offshore oil and gas exploration, while overcoming the limitations of human subsea divers. Europe is anticipated to contribute substantially to the global market share owing to growing offshore oil and gas exploration activities in European countries. Asia Pacific is expected to witness substantial growth of over the forecast period, owing to growing use of underwater robotics in defense and oil and gas exploration activities in countries such as China, India, South Korea and Japan.

By Market Verdors:

Atlas Maridan

Bluefin Robotics

Deep Ocean Engineering

ECA Hytec

International Submarine Engineering

Inuktun Services

MacArtney Group

Soil Machine Dynamics

By Types:

Autonomous Vehicle

Remotely Operated Vehicle

Crawlers

By Applications:

Commercial Exploration

Defense & Security

Scientific Research

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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