The global underwater robotics market size is expected to be worth around US$ 10.71 billion by 2030, according to a new report by Vision Research Reports.
The global underwater robotics market size was valued at US$ 6.7 billion in 2020 and is anticipated to grow at a CAGR of 15.5% during forecast period 2021 to 2030.
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Underwater Robotics Market (By Type: Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV); By Application: Defense & Security, Commercial Exploration, Scientific Research, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
|Market Size||US$ 10.71 Bn by 2030|
|Growth Rate||CAGR of 15.5% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Oceaneering International; Bluefin Robotics Corp; International Submarine Engineering; Schilling Robotics, LLC; Saab AB; Inuktun Services Ltd.|
Rising adoption of underwater robotics technology across military and commercial exploration applications for intelligence, surveillance, inspection, underwater repair maintenance, navigation and communication, and other operations is anticipated to boost market growth over the forecast period.
The market growth is attributed to the rising investments in defense sectors across different countries. for the development of variable payload unmanned undersea vehicles capabilities. This investment was majorly made by the U.S. Navy to improve intelligence, surveillance and rescue operations, acoustic surveillance, mine countermeasure, and anti-submarine warfare operation.
- Oceaneering International
- Bluefin Robotics Corp
- International Submarine Engineering
- Schilling Robotics LLC
- Saab AB
- Inuktun Services Ltd.
- By Type
- Remotely Operated Vehicle (ROV)
- Autonomous Underwater Vehicles (AUV)
- By Application
- Defense & Security
- Commercial Exploration
- Scientific Research
- By Regional
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- Middle East & Africa
- North America
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