Asia-Pacific Underwater Robotics Market, By Type (Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicle (AUV)), Working Depth (Shallow, Deep Water and Ultra-Deep Water), Task Type (Observation, Survey, Inspection, Construction, Intervention, Burial and Trenching and Others), Depth (Less than 1000 Mts, 1000 Mts to 5000 Mts and More than 5000 Mts), Component (Light, Camera, Frame, Thrusters, Tethers, Pilot Controls and Others), Application (Oil and Gas, Commercial Exploration, Defense and Security, Scientific Research and Others) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Asia-Pacific underwater robotics market is primarily driven by the rising demands for ROVs in offshore oil and gas industries and its essential need for sea exploration and scientific research. In addition, the applications of underwater robotics for salvage, rescue, and repair operation is fueling the market growth at a rapid rate. However, the high cost of ROVs and AUVs after add-ons and threats related to cyber security may restrain the Asia-Pacific underwater robotics market growth. Further, the technical barrier to navigation and communication of AUVs and ROVs in strong water currents and below-ice sheets may challenge the market growth. Additionally, slow advancement in sensor technology and high technical complexity in underwater robotics may impede the market growth. However, the growing development of variable payload capabilities in underwater vehicles and the integration of advanced technologies to increase the efficiency and working of underwater robotics provide lucrative opportunities to the Asia-Pacific underwater robotics market.
Data Bridge Market Research analyses that the Asia-Pacific underwater robotics market is expected to reach USD XX million by the year 2029, at a CAGR of 14.1% during the forecast period. "Remotely Operated Vehicles (ROV)" accounts for the most prominent type segment in the respective market. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Million, Pricing in USD |
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Segments Covered |
By Type (Remotely Operated Vehicles (ROV) and Autonomous Underwater Vehicle (AUV)), Working Depth (Shallow, Deep Water and Ultra-Deep Water), Task Type (Observation, Survey, Inspection, Construction, Intervention, Burial and Trenching and Others), Depth (Less than 1000 Mts, 1000 Mts to 5000 Mts and More than 5000 Mts), Component (Light, Camera, Frame, Thrusters, Tethers, Pilot Controls and Others), Application (Oil and Gas, Commercial Exploration, Defense and Security, Scientific Research and Others) |
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Countries Covered |
China, Japan, India, South Korea, Singapore, Malaysia, Australia and New Zealand, Thailand, Indonesia, Philippines and Rest of Asia-Pacific (APAC) |
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Market Players Covered |
ATLAS ELEKTRONIK GmbH, General Dynamics Mission Systems, Inc., ECA GROUP, Eddyfi, Boeing, Soil Machine Dynamics Ltd., MacArtney A/S, Oceaneering International, Inc., Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, Total Marine Technology Pty Ltd, Teledyne Marine, KONGSBERG, Mitsui E&S Holdings Co., Ltd. |
Market Definition
Underwater robotics is a branch of robotics that covers the research and development, design, manufacture, and application of robots operating in underwater environments. The term can refer to any robot functioning at or below water level (marine robotic systems). Still, it usually refers specifically to autonomous vehicles designed for use underwater. An underwater robot also called an autonomous underwater vehicle, is a machine that can be remotely operated. It is designed to work underwater for continuous oceanic surveillance. Robotics has been utilized in manufacturing in the past few years. The marvelous expansion has made them more cultured and dependable for military and law implementation applications. Underwater robots play a significant role in the expansion of the offshore industry. In addition, it has numerous implementations in marine biology, underwater archaeology, and maritime security.
Market Dynamics of the Asia-Pacific Underwater Robotics Market Include:
- Increasing use of underwater robotics for military and security purposes
Asia Pacific region has shown a rapid increase in the use of underwater robotics due to its use in various military missions and operations and in security purposes at the port and sea. Surveillance and intelligence gathering are two factors that have boosted the use of underwater robotics for military and security purposes.
- Rising use of ROVs in the oil & gas industries
The discoveries of new offshore oil and gas industries in the Indian Ocean and the South China Sea have increased the demand ROVs in oil and gas industries. It is safe, and the operation can be handled with greater efficiency and large scale.
- Increasing demand for AUVs for underwater exploration and scientific research
The increasing functionality of AUVs and the ability to operate them remotely have increased their demand for underwater exploration and scientific research in the Asia Pacific region. The discovery of minerals and underlying cables for a communication system is an additional booster for the Asia-Pacific underwater robotics market.
Restraints/Challenges Faced by the Asia-Pacific Underwater Robotics Market
- High cost of underwater robots/vehicles
The usage and need for underwater vehicles are increasing rapidly in various industries. Still, many businesses cannot purchase the underwater vehicle for required operations and tasks due to the high cost associated with it. The high cost of purchase and high maintenances charge of the underwater vehicle may act as a restraint for the Asia-Pacific underwater robotics market.
- Threats and concerns for cyber security and operational security
The communication system used to operate these AUVs and collect data at the operation center can be hacked. It poses a security risk and concern for the AUV operators and involves industries such as military, marine biology, oil and gas and offshore energy sectors. These threats and concerns for cyber security and operational security for underwater vehicles may restrain the growth of the Asia-Pacific underwater robotics market.
Recent Developments
- In February 2021, Eddyfi tested two products, MaggHD and OnSpec Robot, for industrial readiness. Both products were successfully tested for multi-industrial applications such as de-icing solutions and other remote operations. The company focuses on marketing these products to operators in marine surveillance and scientific research worldwide
- In September 2018, International Submarine Engineering Limited and China Ocean Mineral Resource R&D Association (COMRA) signed an agreement under which the company would sell its Explorer AUVs to the institution. The AUV has a working depth of 6000 meters and was delivered by the end of the year. This has allowed the company to expand its market in the Asia-Pacific region in underwater robotics
Asia-Pacific Underwater Robotics Market Scope
Asia-Pacific underwater robotics market is segmented based on type, working depth, task type, depth, components and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Remotely Operated Vehicles (ROV)
- Autonomous Underwater Vehicle (AUV)
On the basis of type, Asia-Pacific underwater robotics market is segmented into remotely operated vehicles (ROV) and autonomous underwater vehicle (AUV).
Working Depth
- Shallow
- Deep water
- Ultra-Deep Water
On the basis of working depth, the Asia-Pacific underwater robotics market is segmented into shallow, deep water, and ultra-deep water.
Task Type
- Observation
- Survey
- Inspection
- Construction
- Intervention
- Burial and Trenching
- Others
On the basis of the task type, the Asia-Pacific underwater robotics market is segmented into observation, survey, inspection, construction, intervention, burial and trenching, and others.
Depth
- Less than 1000 Mts
- 1000 Mts to 5000 Mts
- More Than 5000 Mts
On the basis of depth, the Asia-Pacific underwater robotics market is segmented into less than 1000 mts, 1000 mts to 5000 mts and more than 5000 mts.
Component
- Light
- Camera
- Frame
- Thrusters
- Tethers
- Pilot Controls
- Others
On the basis of component, the Asia-Pacific underwater robotics market is segmented into light, camera, frame, thrusters, tethers, pilot controls, and others.
Application
- Oil and Gas
- Commercial Exploration
- Defense and Security
- Scientific Research
- Others
On the basis of application, the Asia-Pacific underwater robotics market is segmented into oil and gas, commercial exploration, defense and security, scientific research, and others.
Underwater Robotics Market Regional Analysis/Insights
Asia-Pacific underwater robotics market is analyzed, and market size insights and trends are provided by type, working depth, task type, depth, components and application as referenced above.
The countries covered in the Asia-Pacific underwater robotics market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia and New Zealand, Thailand, Indonesia, Philippines and Rest of Asia-Pacific (APAC).
China dominates the underwater robotics market as the region has witnessed a huge high presence of leading manufacturers. Moreover, the region has seen high investments in equipment for search and rescue, military, recreation and discovery, aquaculture, marine biology, oil, gas, offshore energy, shipping, submerged infrastructure, and more. China is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing investments in offshore robotics equipment.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Underwater Robotics Market Share Analysis
Asia-Pacific underwater robotics market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus on the Asia-Pacific underwater robotics market.
Some of the major players operating in the Asia-Pacific underwater robotics market are ATLAS ELEKTRONIK GmbH, General Dynamics Mission Systems, Inc., ECA GROUP, Eddyfi, Boeing, Soil Machine Dynamics Ltd., MacArtney A/S, Oceaneering International, Inc., Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, Total Marine Technology Pty Ltd, Teledyne Marine, KONGSBERG, Mitsui E&S Holdings Co., Ltd. among others.
Research Methodology: Asia-Pacific Underwater Robotics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.
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