Authored By: Sarah
11 Jul 2024

 Deep Sea Robot Market Size to grow by USD 2092.15 million between 2024-2028

According to a research report “ Deep Sea Robot Market” by Type (ROV, AUV, Submersible vehicles) Application (Commercial exploration, Defense and security, Scientific research) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2092.15 million, at a CAGR of  12.05% during the forecast period. In the realm of business and scientific innovation, the significance of oceanography as a discipline has escalated, driven by mounting concerns over climate change (CC), sea level rise, and the repercussions of human activities on marine ecosystems. Oceanography's primary objective is to elucidate the ocean's role in global climate dynamics. This encompasses investigating the influence of ocean currents and temperatures on weather patterns, as well as examining the ocean's crucial function in absorbing carbon dioxide from the atmosphere. This knowledge is essential for mitigating climate change, preserving marine resources, and ensuring sustainable economic growth.

Browse market data tables, figures, and in-depth TOC on “Deep Sea Robot Market” by Type (ROV, AUV, Submersible vehicles) Application (Commercial exploration, Defense and security, Scientific research) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Type, the ROV segment is projected to dominate the market size in 2024

The commercial exploration sector, which encompasses submarine mining and oil and gas exploration, holds significant importance in the global deep sea robot market. The market's expansion is primarily driven by the escalating demand for resources and minerals from the ocean floor, estimated to harbor immense untapped wealth. Notably, the development of advanced deep-sea robots for oil and gas exploration is projected to significantly fuel market growth during the forecast period. Submarine mining is a notable sub-segment of commercial exploration, focusing on extracting valuable minerals like zinc, nickel, copper, and cobalt from the ocean floor.

By Application, Commercial exploration  segment is expected to hold the largest market size for the year 2024

Deep Sea Robots, or Remotely Operated Vehicles (ROVs), have become indispensable tools for numerous industries, including oil and gas, marine biology, and oceanography. Equipped with advanced cameras, sensors, and robotic arms, ROVs enable precise and accurate navigation and execution of tasks in the deep sea. In the oil and gas sector, ROVs are instrumental in exploration, maintenance, and pipeline repair. They are outfitted with oil leak detection systems, ensuring prompt identification of spills, thereby mitigating potential environmental damage. In marine biology, ROVs facilitate groundbreaking research and discovery of new marine species, as well as the study of existing ones.

North America is forecasted to hold the largest market size by region in 2024

The deep sea robot market in North America is experiencing substantial expansion due to the burgeoning demand from sectors such as oil and gas, defense, and research and exploration. Notable growth is anticipated in this region given the presence of key industry players and supportive government initiatives. A significant driver fueling the market's expansion in North America is the escalating requirement for deep sea robots within the oil and gas industry. With numerous leading oil and gas companies based in the region investing heavily in the technology for exploration and production activities, the market is poised for robust growth.

The Deep Sea Robot Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • BAE Systems Plc
  • Blue Robotics Inc.
  • CRRC Corp. Ltd.
  • Deep Ocean Engineering Inc.
  • DOER Marine
  • Exail Technologies
  • Forum Energy Technologies Inc.
  • Halma Plc
  • International Submarine Engineering Ltd.
  • Kongsberg Gruppen ASA
  • L3Harris Technologies Inc.
  • Lockheed Martin Corp.
  • Mariscope
  • Nauticus Robotics Inc.
  • Oceaneering International Inc.
  • ROVOP Ltd.
  • Saab AB
  • Shark Marine Technologies Inc.
  • TechnipFMC plc
  • VideoRay LLC
.

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Research Analysis Overview

The deep sea robot market is experiencing significant growth due to increasing demand for underwater exploration and surveillance in various industries, including anti-submarine warfare, oceanography, and the oil & gas sector. Deep sea robots utilize different technologies such as sonar pulses and cameras to navigate through seawater and collect data in the ocean depths. These robots are designed to withstand the extreme pressure and conditions of the deep sea, making them essential tools for underwater exploration. One of the challenges in deep sea robotics is communication, as sound waves and electromagnetic waves do not travel well in water. Free-space optical (FSO) technology and acoustic communication are commonly used to overcome this challenge. Deep sea robots come in various forms, from cube-like structures equipped with manipulator's arms and cameras to torpedoes and submersibles. They are used for various purposes, including underwater surveillance, shipwreck exploration, and studying marine life, such as eels. The market for deep sea robots is expected to continue growing due to the increasing demand for underwater exploration and the need for advanced underwater surveillance systems.

Market Research Overview

The deep sea robot market is experiencing significant growth due to the increasing demand for unmanned drone systems in various industries, including defense & security and commercial exploration. Companies like Ocean Infinity, Schilling Robotics, Open Ocean Robotics, Nauticus Robotics, and Vaarst are leading the charge in deep-sea robotics technology. Deep-sea robots, such as ROVs (Remotely Operated Vehicles) and AUVs (Autonomous Underwater Vehicles), use sonar pulses, sound waves, and electromagnetic waves to navigate and explore the ocean depths. These robots are equipped with manipulator's arms, cameras, and propellers, allowing them to interact with their environment and gather data. Defense & security applications include underwater surveillance for anti-submarine warfare, while commercial exploration focuses on oil & gas sector activities and underwater exploration. Human subsea drivers are being replaced by autonomous navigation and AI software, reducing the need for crew members on ships. Surface ambient noise and seawater can interfere with communication between the robot and the surface vessel, leading to the use of Free-Space Optical (FSO) and acoustic communication systems. Deep-sea robots have been used to discover shipwrecks, inspect submarines, and even encounter unusual marine life, such as eels, and even torpedoes. The market for deep-sea robots is expected to grow due to the demand for underwater exploration and the ability of these robots to operate in extreme conditions. The cube-like structure of deep-sea robots allows them to withstand the high pressure and temperature of the ocean depths. The future of deep-sea robotics is bright, with potential applications in environmental perception, self-maintenance, and submersibles. B-52 bomber planes have also been used for underwater exploration, using sonar technology to map the ocean floor. However, deep-sea robots offer more precise and cost-effective solutions for underwater exploration and surveillance.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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