How Has the Underwater Robotics Market Size Evolved in Recent Years?
The underwater robotics market has seen considerable growth due to a variety of factors.
• In recent times, the underwater robotics market has seen remarkable growth. The market, valued at $4.04 billion in 2024, is projected to soar to $4.53 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.3%.
This impressive rise during the historic period can be linked to various factors such as the demand for deep-sea exploration and extraction, the requirement for monitoring and preserving oceanic environments, its growing usage in search and rescue operations, the expansion of the aquaculture sector, and the evolution of offshore wind farms.
What are the Market Size and Expected Growth Rates for the Underwater Robotics Market?
The underwater robotics market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the underwater robotics market is poised for swift expansion, estimated to burgeon to a value of $7.14 billion by 2029, witnessing a compound annual growth rate (CAGR) of 12.0%.
The predicted growth can be tied down to several factors including a decline in the expenses incurred in underwater robotics technology, increased financial backing from government bodies and research organizations, a rise in commercial activities, the necessity for check-ups and upkeep of deteriorating underwater infrastructure, and escalating public curiosity. Significant shifts noted in the forecasted period encompass technological innovations, the incorporation of artificial intelligence (AI) and machine learning, the progression of self-governing underwater vehicles, advancements in sensing and communicating devices, and the appearance of collaborative and swarm robotics.
Which Key Drivers Are Propelling The Underwater Robotics Market's Growth?
The expansion of the underwater robotics market is anticipated to be fueled by a rise in offshore activities. These activities typically take place at sea for purposes such as exploration and extraction of oil and gas, generation of renewable energy, or conducting marine research, often beyond a country's territorial boundaries. The increment in offshore activities can be attributed to various factors such as resource accessibility, economic efficiency, demand for energy, and geopolitical stability. Underwater robotics further amplifies the effectiveness of offshore activities by facilitating precise and efficient probing and maintenance of underwater surroundings, while simultaneously curtailing the risks and expenses tied to deep-sea operations. Case in point, in June 2024, the Bureau of Economic Analysis, a government agency based in the UK, reported coastal and offshore tourism and recreation had boosted by 8.1%, or $16.5 billion, equating to a gross output of $219.7 billion in the 2022 marine economy, thereby marking it as the most substantial growth contributor. Consequently, these booming offshore activities are leading the charge in the expansion of the underwater robotics market.
What Are The Key Segments Within The Global Underwater Robotics Market?
The underwater robotics market covered in this report is segmented –
1) By Type: Remotely Operated Vehicles (ROVs), Autonomous Underwater Vehicles (AUVs), Hybrid Remotely Operated Vehicles (ROVs) Or Autonomous Underwater Vehicles (AUVs), Unmanned Underwater Vehicles (UUVs), Surface-Supported Underwater Robotics
2) By Component: Light, Camera, Frame, Thrusters, Tethers, Pilot Controls, Other Components
3) By Task Type: Observation, Survey, Inspection, Construction, Intervention, Burial And Trenching, Other Task Types
4) By Application: Defense And Security, Oil And Gas Exploration, Marine Research And Exploration, Environmental Monitoring, Underwater Construction And Inspection, Search And Rescue Operations, Scientific Research
Subsegments:
1) By Remotely Operated Vehicles (ROVs): Observation ROVs, Work-Class ROVs, Lightweight ROVs, Tethered ROVs
2) By Autonomous Underwater Vehicles (AUVs): Survey AUVs, Exploration AUVs, Research AUVs, Military AUVs
3) By Hybrid Remotely Operated Vehicles (ROVs) or Autonomous Underwater Vehicles (AUVs): Dual-Mode Hybrid Vehicles, Intelligent Hybrid Systems, Multi-Functional Hybrid Robots
4) By Unmanned Underwater Vehicles (UUVs): UUVs for Defense Applications, UUVs for Commercial Use, Research UUVs
5) By Surface-Supported Underwater Robotics: Surface-Powered ROVs, Surface Vehicle-Integrated Systems, Buoyancy-Driven Underwater Robots
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Which Emerging Market Trends Are Altering The Underwater Robotics Industry?
In the underwater robotics industry, leading companies are centering their efforts on improving imaging solutions to boost operational effectiveness and improve image clarity during undersea tasks. The Advanced imaging for underwater robotics involves employing cutting-edge imaging technologies for capturing, processing and examining visual data undersea. To exemplify, VideoRay, an American underwater robots producer, in April 2024, unveiled Ally, an entry-level underwater robot designed to assist the maritime expeditionary standoff response (MESR) program. Ally's design focuses on providing sophisticated features in a simple, compact form, making it apt for diverse underwater tasks. It houses a cutting-edge 4K Ultra Smart camera that's AI-powered to augment operational effectiveness and data acquisition. Additionally, its robust modular framework can accommodate heavy payloads and a variety of sensors, thus allowing operators to modify it to suit specific missions effortlessly.
Who Are the Key Players In The Underwater Robotics Market?
Major companies operating in the underwater robotics market are:
• Lockheed Martin Corporation
• BAE Systems plc
• General Dynamics Mission Systems Inc.
• Huntington Ingalls Industries
• TechnipFMC plc
• Subsea 7 S.A.
• Kongsberg Maritime AS
• Fugro N.V.
• Oceaneering International Inc.
• Forum Energy Technologies Inc.
• DOF Group ASA
• Atlas Elektronik GmbH
• BIRNS Inc.
• Eddyfi Technologies Inc.
• ECA Group
• Saab Seaeye Ltd.
• Bluefin Robotics Corporation
• Teledyne Marine Technologies Incorporated.
• International Submarine Engineering (ISE) Ltd.
• VideoRay LLC
• Schilling Robotics LLC
• Deep Ocean Engineering Inc.
What Are The Regional Insights Into The Underwater Robotics Market?
North America was the largest region in the underwater robotics market in 2024. The regions covered in the underwater robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
