Oceaneering International, Inc., Saab AB and General Dynamics Mission Systems, Inc. dominated the Global Underwater Robotics Market in 2021

Global Underwater Robotics Market is expected to grow with the CAGR of 13.2% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Global underwater robotics market is a highly consolidated market, which includes a specific number of key players. The market has witnessed more new product developments owing to a favorable market scenario.

The major players dealing in Global underwater robotics market are introducing a wide range of products provider and launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, awards and recognition in the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In January 2022, General Dynamics partnered with MIT during the U.S. Navy's biennial Ice Exercise to develop a product that can navigate autonomously under the ice. Company UUV, named Bluefin-21, has been used to integrate with a new communication and navigation system developed with MIT for a machine capable of navigating automatically under the ice for navigation and manoeuvring purposes. The company aims to sell the same product to the different market players and gain more market share in underwater robotics.

Oceaneering International, Inc. is the dominating player in Global underwater robotics market. The other key players existing in the market are General Dynamics Mission Systems, Inc., ECA GROUP, International Submarine Engineering Limited, Eddyfi, Phoenix International Holdings, Inc., Boeing, Soil Machine Dynamics Ltd., MacArtney A/S, Oceaneering International, Inc., VideoRay LLC, Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, SeaRobotics Corp., Rovco Ltd, Total Marine Technology Pty Ltd, Teledyne Technologies Incorporated, KONGSBERG, Mitsui E&S Holdings Co., Ltd., Huntington Ingalls Industries, Inc., and Deep Trekker Inc., among others.

Oceaneering International, Inc.

Oceaneering International, Inc., founded in 1964, has headquarters in Texas, U.S. The company designs and develops engineered equipment and services based on subsea engineering and applied technology. The company has business segments including Energy Services and Products, Aerospace and Defense Technologies, in which Energy Services and Products is the market focused segment. The company has several product categories, which are Automated Guided Vehicles (AGVs), C-Nav Positioning Solutions, Diving, Entertainment Systems (OES), Global Explorer ROV, Grayloc Technology, Intervention Tooling, Inspection, Maintenance, and Repair (IMR) Solutions, Integrated Rig Services, Intervention Workover Control Systems (IWOCS), Marine Services Division (MSD), Maritime and Cargo Logistics, Mobile Robotics (OMR), Oceaneering Technologies (OTECH), Pipeline Repair Connections (PCRS), Product Testing and Qualification, Remote Services, Remotely Operated Vehicles (ROVs), Renewable Energy, Rotator Technologies, ROV Workover Control Systems (RWOCS), Science and Research, SeaPort-e, Space Systems (OSS), Submarine and Ship Repair, Submarine Rescue Solutions, Subsea Connection Systems, Storage and Maintenance, Transportation Systems, Umbilicals, Vessels, Workover Control Systems (WOCS) in which Mobile Robotics (OMR), Remotely Operated Vehicles (ROVs) are market-focused categories.

For instance,

  • In March 2021, Oceaneering International, Inc. announced that its Subsea Robotics (SSR) and Offshore Projects Group (OPG) had been awarded an integrated rig services contract covering the Khaleesi/Mormont and Samurai fields in the U.S. Gulf of Mexico. During the project, the company has to provide its remotely operated vehicles (ROVs) with collocated ROV tooling and technicians, remote positioning, and metrology survey resources. The company began the work in the second quarter of 2021. This will provide a standard platform for the company portfolio and underwater marine software.

The company has a presence across Europe, Americas, Asia-Pacific, and Middle East & Africa. The company has subsidiaries such as Grayloc Products LLC (U.K.), AIRSIS Inc. (U.S.), Oceaneering International AG (U.S.), Oceaneering Canada Ltd (Canada), Oceaneering Australia Pty. Ltd (Australia), among others.

Saab AB

Saab AB, founded in the year 1937, headquartered is in Stockholm, Sweden. The company is engaged in producing products, services and solutions primarily in the defense domain and civil security. The company has business segments including Aeronautics, Dynamics, and Surveillance, in which Dynamics is the market focused segment. The company has several product categories, including Air, Land, Naval, and Security, in which security is the market focused category.

For instance,

  • In July 2021, Saab AB launched a highly effective solution for advanced anti-submarine warfare training, which eliminated the need for a submarine for the training. The company has designed an autonomous underwater vehicle, AUV62 AT, to replicate a submarine. This acoustic target mimics both the passive and active acoustic signatures of a wide range of submarines, can be easily launched from surface vessels, and delivers highly cost-effective, live ASW training from basic level through to advanced. This software has allowed the company to lead underwater robotic software globally.

The company has a wide presence across Asia-Pacific, Europe, Middle East and Africa, South America and North America. The company has subsidiaries such as Saab Bofors Dynamics (Sweden), Saab Kockums (Sweden), Saab Dynamics AB (Sweden), Vricon (U.S.), Aker Holding (Norway), among others.

Underwater Robotics Market,

General Dynamics Mission Systems, Inc.

General Dynamics Mission Systems, Inc., headquartered in Virginia, U.S. The company focuses on designing equipment and developing solutions helpful in land, sea, air, space, and cyber domains. Its products and solutions are technologically integrated for the client's operation. The company has product categories Land, Sea, Air, Space, and Cyber, in which the sea is a market-focused category.

For instance,

  • In September 2019, General Dynamics Mission Systems, Inc. launched a new UUV at Defense and Security Equipment International (DSEI) event Bluefin-12. This machine extends modularity and payload delivery capability for user operations. The company aimed to sell this machine for the long endurance survey purpose in the underwater robotics market.

The company has a wide presence across Asia-Pacific, Europe and North America.