North America 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
The North America 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 North America 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 North America underwater robotics market.
Data Bridge Market Research analyses that the North America underwater robotics market is expected to reach USD XX million by the year 2029, at a CAGR of 13.3% 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.
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Pricing in USD
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)
U.S., Canada and Mexico
Market Players Covered
ATLAS ELEKTRONIK GmbH, Deep Ocean Engineering, Inc., General Dynamics Mission Systems, Inc., ECA GROUP, International Submarine Engineering Limited, Eddyfi, Phoenix International Holdings, Inc., Boeing, MacArtney A/S, Oceaneering International, Inc., VideoRay LLC, Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, SeaRobotics Corp., Teledyne Marine, KONGSBERG, Mitsui E&S Holdings Co., Ltd., Huntington Ingalls Industries, Inc., Deep Trekker Inc.
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 North America Underwater Robotics Market Include:
- Increasing use of underwater robotics for military and security purposes
The region has experienced huge investment in military and navy equipment in recent years to carry out an ocean operations. The role of AUVs will increase in the future, especially in the military, as various nations are developing AUVs to secure their maritime interest across the region.
- Rising use of ROVs in the oil & gas industries
Demands for oil and gas are increasing with the urbanization and industrialization in the region. The investments in modern infrastructure and equipment to increase the efficiency of offshore operations are driving the demand in the market
- Increasing demand for AUVs for underwater exploration and scientific research
The demand for ROVs and AUVs for deep-sea exploration and research operations by the institute in collaboration with many industries is driving the demand in the market.
- Growing demand for underwater robotics for search, rescue and repair operation
Underwater search and rescue, recovery, and investigations are time-sensitive operations often performed in extremely challenging conditions. The increasing emphasis on moving away from the use of human divers and robotics equipment is driving the demand in the market.
Restraints/Challenges faced by the North America Underwater Robotics Market
- High cost of underwater robots/vehicles
There are a variety of features and add-ons that can be highly beneficial for ocean-related industries. Underwater vehicles are used in a variety of industries. The underwater robots are mission-critical and constitute many critical and costly components. This increases the cost of the system and acts as a restrain for the adoption in commercial applications.
- Threats and concerns for cyber security and operational security
As information technology (IT) has advanced, the opportunity for cybercrime has also increased. These threats and concerns for cyber security and operational security for underwater vehicles may restrain the growth of the North America underwater robotics market.
- In July 2019, Deep Ocean Engineering, Inc. launched a new ROV named the Phantom X8 in its product line. Phantom X8 is a light work class that is designed for deep-sea manoeuvrability. The company had set up high definition front and rear camera, a lighting control system, and auto functions for heading, altitude, depth, and positioning of ROV. The company aimed to sell this machine for deep-sea exploration and light intervention for depths up to 1,000 meters
- 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, and 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 maneuvering purposes. Through this, the company aims to sell the same product to the different market players and gain more market share in underwater robotics
North America Underwater Robotics Market Scope
North America 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.
- Remotely Operated Vehicles (ROV)
- Autonomous Underwater Vehicle (AUV)
On the basis of type, North America underwater robotics market is segmented into remotely operated vehicles (ROV) and autonomous underwater vehicle (AUV).
- Deep water
- Ultra-Deep Water
On the basis of working depth, the North America underwater robotics market is segmented into shallow, deep water, and ultra-deep water.
- Burial and Trenching
On the basis of the task type, the North America underwater robotics market is segmented into observation, survey, inspection, construction, intervention, burial and trenching and others.
- Less Than 1000 Mts
- 1000 Mts to 5000 Mts
- More Than 5000 Mts
On the basis of depth, the North America underwater robotics market is segmented into less than 1000 mts, 1000 mts to 5000 mts and more than 5000 mts.
- Pilot Controls
On the basis of component, the North America underwater robotics market is segmented into light, camera, frame, thrusters, tethers, pilot controls and others.
- Oil and Gas
- Commercial Exploration
- Defense and Security
- Scientific Research
On the basis of application, the North America underwater robotics market is segmented into oil and gas, commercial exploration, defense and security, scientific research and others.
North America Underwater Robotics Market Regional Analysis/Insights
North America underwater robotics market is analyzed, and market size insights and trends are provided by country, type, working depth, task type, depth, components and application, as referenced above.
The countries covered in the North America underwater robotics market report are the U.S., Canada and Mexico in North America.
U.S. dominates the North America underwater robotics market because of a large number of manufacturers and developed offshore infrastructure.
The U.S. is expected to witness significant growth during the forecast period of 2022 to 2029 as 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.
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 global 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 North America Underwater Robotics Market Share Analysis
North America 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, global 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 North America underwater robotics market.
Some of the major players operating in the North America underwater robotics market are ATLAS ELEKTRONIK GmbH, Deep Ocean Engineering, Inc., General Dynamics Mission Systems, Inc., ECA GROUP, International Submarine Engineering Limited, Eddyfi, Phoenix International Holdings, Inc., Boeing, MacArtney A/S, Oceaneering International, Inc., VideoRay LLC, Saab AB, Forum Energy Technologies, Inc., TechnipFMC plc, SUBSEA 7, Fugro, SeaRobotics Corp., Teledyne Marine, KONGSBERG, Mitsui E&S Holdings Co., Ltd., Huntington Ingalls Industries, Inc., Deep Trekker Inc. among others.
Research Methodology: North America North America 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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