Underwater Robotics Market Analysis

Type (Remotely Operated Vehicles, Autonomously Operated vehicles)

The remotely operated vehicles segment is estimated to hold 52% share of the global underwater robotics market by 2037. The segment’s growth is primarily attributed to the deep sea oil drilling industry’s growing need for such vehicles According to our analysis, more than 30% of global oil consumption comes from overseas sources. In addition, it was estimated that in 2021, there would be 16 rigs offshore the United States Gulf of Mexico as opposed to 12 by 2020. It is utilized for tasks that were previously carried out by humans and were subject to human mistakes, such as surveying, inspection, and sampling. Additionally, remotely operated vehicles are also employed for seafloor experiments, which may call for difficult procedures like drilling and precise instrument position. The sales of underwater robots increased as a result.

End-User (Commercial exploration, Defense and security, Scientific Research, underwater construction)

Underwater robotics market from the commercial exploration segment is estimated to dominate the revenue share during the forecast period. Commercial applications include exploration of oil and gas, shipwreck rescue, inspection of factory infrastructure as well and surveying in the marine environment. As demand increases, the oil and gas sector continues to grow. The use of underwater robots can greatly contribute to deep-sea drilling in the oil and gas sector, they are better able to perform maintenance tasks as soon as possible and can penetrate hitherto inaccessible locations so that they may then be explored.

Our in-depth analysis of the global underwater robotics market includes the following segments: