Global Aquatic Robot Market Overview:
Aquatic robots are those that can sail, submerge, or crawl through water. They can be controlled remotely or autonomously. These robots have been regularly utilized for seafloor exploration in recent years. This technology has shown to be advantageous because it gives enhanced data at a lower cost. Because underwater robots are meant to function in tough settings where divers' health and accessibility are jeopardized, continuous ocean surveillance is extended to them. Maritime safety, marine biology, and underwater archaeology all use aquatic robots. They also contribute significantly to the expansion of the offshore industry. Two important factors affecting the market growth are the increased usage of advanced robotics technology in the oil and gas industry, as well as increased spending in defense industries across various countries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growth in AUV Segment
Market Growth Drivers:
Growth in adoption of automated technology in oil & gas industry and Rise in awareness of the availability of advanced imaging system
Challenges:
Required highly skilled professional for maintenance
Restraints:
High initial capital investment
Opportunities:
Adoption of aquatic robots in military & defense and Increased investments in R&D activities
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Atlas Maridan ApS. (Germany), Deep Ocean Engineering Inc. (United States), Bluefin Robotics Corporation (United States), ECA SA (France), International Submarine Engineering Ltd. (Canada), Eddyfi Technologies (Canada), Oceaneering International, Inc. (United States), Saab Seaeye (Sweden), Schilling Robotics, LLC (United States) and Soil Machine Dynamics Ltd. (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Aquatic Robot market by 2028.
Latest Market Insights:
In February 2019, Eddyfi Technologies acquired Inuktun Services Ltd. Inuk Tun Services Ltd is a well-known developer and manufacturer of remotely operated crawlers and camera systems. This acquisition helped company to expand its presence in aquatic robot market
In Feb 2020, Saab Completed a Partnership Agreement with the Australian Department of Defense for Combat Management Systems, Under the Agreement, The Royal Australian Navy's Hunter Class Frigates Will Receive A Tactical Interface. Saab's "Next Generation" Combat Management System (CMS) Will Be Used for The Tactical Interface
What Can be Explored with the Aquatic Robot Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aquatic Robot Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aquatic Robot
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aquatic Robot market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aquatic Robot market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aquatic Robot Manufacturers, New Entrants and Investors, Component Suppliers, End-Use Industries, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.