Market Snapshot:
Various types of technologies are used in deep-sea mining to identify and extract resources with high precision. Deep-sea mining is growing rapidly across the globe due to the increasing demand for metals for renewable energy technologies. Many offshore mining companies are looking to increase productivity, enhance worker safety, and reduce operational costs during the mining process which will increase the demand for technological advancements in the nearer future.
Highlights from Deep Sea Mining Technology Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are Cellula Robotics Ltd. (Canada), Ericsson (Sweden), ABB Ltd. (Switzerland), Acteon Group Ltd. (United Kingdom), Teledyne Technologies (United States), BAUER Maschinen GmbH (Germany), 2H Offshore (United States), Caley Ocean Systems (United Kingdom), Bosch Rexroth (Germany) and Ocean Minerals LLC (United States).
Geographic Breakdown and Segment Analysis
The Global Deep Sea Mining Technology market presents a comprehensive analysis of the Deep Sea Mining Technology market by end-user/application (Extraction & Mining, Deep Water Assessment & Monitoring, Safety & Security and Surface Operations), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Deep Sea Mining Technology industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Deep Sea Mining Technology market
Analyst at AMA have segmented the market study of Global Deep Sea Mining Technology market by Type, Application and Region.
Influencing Trend:
Increased Focus on the Development of New Extraction Technology to Identify and Characterise Resources
Market Growth Drivers:
Rapidly Emerging Deep Sea Mining Activities and Surging Demand of Deep Sea Remotely Operated Vehicles
Challenges:
Slow Adoption in Some Underdeveloped Countries Due to High Cost Associated with Advanced Technology
Restraints:
Regulations in the Deep Sea Mining Due to Destruction of habitats and marine life
Opportunities:
Increasing Use of Deep Sea Mining Technology for Polymetallic Nodules Mining
Market Developments Activities:
In November 2023, Adna Deep Sea Mining Limited (ADNA) and Global Oceans Minerals (GOM) have agreed to merge in a deal that will create one of the world's largest deep-sea mining companies.
In October 2023, The International Seabed Authority (ISA) approved the first-ever deep-sea mining exploration license to Nauru Ocean Resources Inc. (NORI). The license allows NORI to explore for polymetallic nodules in the Clarion-Clipperton Zone (CCZ) in the eastern Pacific Ocean.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Deep-Sea Mining Technology Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others