#AUV & ROV market trends

[blogaarti]

AUV & ROV Market is Set to Exhibit 7.8% CAGR Between 2023-2030

In recent years, there has been a growing demand for AUVs and ROVs in underwater exploration and inspection activities across many industries such as military & defence, oil & gas, scientific research, etc. The implementation of ongoing technological advancements such as AI, sensors, and robotics, have allowed these vehicles to perform complex tasks with greater precision and accuracy. Moreover, increased funding by respective governments and other concerned entities toward foster further development are elements also expected to have a positive influence on global AUV & ROV market.

Fairfield Market Research has estimated that the global AUV & ROV Market is expected to be valued at US$7 Bn by 2030, growing at a CAGR of 7.8%. Two major end-use applications for this market include oil & gas exploration activities which require AUVs and ROVs to carry out regular inspection and maintenance of existing underwater infrastructure, as well as in oceanic surveys to gather data on ocean temperature, currents, and other environmental parameters. Factors such as this are expected to continue to bolster the growth trajectory of the market in the years ahead.

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Adoption of Electric and Hybrid Propulsion Systems Fuels Market Growth

There has been a steady increase in the demand for AUVs and ROVS with electric and hybrid propulsion systems owing to the numerous benefits that these systems have over traditional propulsion systems. Some of these benefits include an increased level of efficiency which results in longer mission times and lower operational costs, a reduced environmental impact due to lower noise, vibration, and emission levels, as well as the improved level of manoeuvrability in underwater environments. Moreover, these propulsion systems reduce the need for maintenance and repair as these systems have fewer moving parts compared to traditional propulsion systems. These systems also allow for greater flexibility as they can be designed to fit the specific needs of a given application. Factors such as these are expected to have a positive influence on the global AUV & ROV market.

High Development Costs, and Limited Operational Range to Hinder Market Growth

Significant investments are needed to research and develop AUVs and ROVs. The maintenance costs of these vehicles are also high, and this could also act as a deterrent for companies looking to invest in them. Moreover, AUVs and ROVs have limited operational ranges and speed, which could result in hindering their use in certain applications, particularly those that require high-speed manoeuvring or in long-range operations. Additionally, various technical limitations of these vehicles and a lack of skilled operators are also elements that could hinder the further progression of the global AUV & ROV market in the future.

Asia Pacific to Index the Fastest CAGR

North America is expected to account for a significant share of the global AUV & ROV market owing to factors such as the presence of key industries such as oil & gas, military & defence, as well as scientific research; with the US being the largest market in this region. The Middle East & Africa is expected to remain a frontrunner in this global market. However, the Asia Pacific is expected to index the fastest CAGR over the forecast period. This can be attributed to increasing investments toward naval modernization programmes, marine research, and offshore oil & gas exploration. Key markets in this region include Japan, Australia, China, and South Korea.

Key Players in the Global AUV & ROV Market

Some of the most prominent industry players in the AUV & ROV market includes SUBSEA7, and Oceaneering International Inc. This report also encompasses other prominent companies in the market, such as Argeo, Fugro, Saab AB, Atlas Elektronik GmbH, BIRNS Inc., TechnipFMC Plc, STAPEM Offshore, and Kongsberg Maritime.

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Aquatic Robot Market to Eyewitness Huge Growth by 2030

Latest business intelligence report released on Global Aquatic Robot Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Aquatic Robot market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis: Atlas Maridan ApS. (Germany), Deep Ocean Engineering Inc. (United States), Bluefin Robotics Corporation (United States), ECA SA (France), International Submarine Engineering Ltd. (Canada), Inuktun Services Ltd. (Canada), Oceaneering International, Inc. (United States), Saab Seaeye (Sweden), Schilling Robotics, LLC (United States), Soil Machine Dynamics Ltd. (United Kingdom) Download Free Sample PDF Brochure (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/177845-global-aquatic-robot-market Brief Overview on Aquatic Robot: Aquatic robots are those that can sail, submerge, or crawl through water. They can be controlled remotely or autonomously. These robots have been regularly utilized for seafloor exploration in recent years. This technology has shown to be advantageous because it gives enhanced data at a lower cost. Because underwater robots are meant to function in tough settings where divers' health and accessibility are jeopardized, continuous ocean surveillance is extended to them. Maritime safety, marine biology, and underwater archaeology all use aquatic robots. They also contribute significantly to the expansion of the offshore industry. Two important factors affecting the market growth are the increased usage of advanced robotics technology in the oil and gas industry, as well as increased spending in defense industries across various countries. Key Market Trends: Growth in AUV Segment Opportunities: Adoption of aquatic robots in military & defense

Increased investments in R&D activities Market Growth Drivers: Growth in adoption of automated technology in oil & gas industry

Rise in awareness of the availability of advanced imaging system Challenges: Required highly skilled professional for maintenance Segmentation of the Global Aquatic Robot Market: by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV)), Application (Defense & Security, Commercial Exploration, Scientific Research, Others) Purchase this Report now by availing up to 10% Discount on various License Type along with free consultation. Limited period offer. Share your budget and Get Exclusive Discount @: https://www.advancemarketanalytics.com/request-discount/177845-global-aquatic-robot-market Geographically, the following regions together with the listed national/local markets are fully investigated: • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) • North America (U.S., Canada, and Mexico) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (Saudi Arabia, UAE, South Africa)Furthermore, the years considered for the study are as follows: Historical data – 2017-2022 The base year for estimation – 2022 Estimated Year – 2023 Forecast period** – 2023 to 2028 [** unless otherwise stated] Browse Full in-depth TOC @: https://www.advancemarketanalytics.com/reports/177845-global-aquatic-robot-market

Summarized Extracts from TOC of Global Aquatic Robot Market Study Chapter 1: Exclusive Summary of the Aquatic Robot market Chapter 2: Objective of Study and Research Scope the Aquatic Robot market Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027 Chapter 5: Decision Framework Chapter 6: Market Dynamics- Drivers, Trends and Challenges Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 8: Appendix, Methodology and Data Source Buy Full Copy Aquatic RobotMarket – 2021 Edition @ https://www.advancemarketanalytics.com/buy-now?format=1&report=177845 Contact US : Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 sales@advancemarketanalytics.com

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Global Marine Sensors Market Size: Current Trends and Future Projections

The Marine Sensors Market is set for significant growth, expanding from USD 1.4 Billion in 2023 to USD 1.9 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.5%. This growth is driven by increasing demand for Unmanned Underwater Vehicles (UUVs) and Autonomous Underwater Vehicles (AUVs), as well as rising maritime transportation needs. As navies and commercial maritime sectors focus on technologically advanced marine vessels, the demand for marine sensors is set to surge.

Market Statistics and Size

The Marine Sensors Market, valued at USD 1.4 billion in 2023, is projected to reach USD 1.9 billion by 2028, growing at a CAGR of 6.5%. This robust growth is attributable to various factors including the increased adoption of ROVs (Remotely Operated Vehicles) and AUVs in offshore oil and gas operations, oceanographic research, and maritime transportation.

Market Trends

Growing Demand for ROV and AUV Propels the Demand for Marine Sensors

ROVs and AUVs are essential in offshore oil and gas operations for tasks such as inspecting pipelines and platforms, maintenance, repair, and seabed surveys. These vehicles are equipped with a range of sensors including sonar and cameras, crucial for navigation and operational tasks underwater. The data collected by these sensors are vital for oceanographic research, helping scientists study ocean conditions like temperature, salinity, currents, and waves. The increasing utilization of ROVs and AUVs is a key driver for the marine sensors market.

Integration of Artificial Intelligence (AI) and Internet of Things (IoT)

The integration of AI and IoT with advanced marine sensor technology presents a significant opportunity for the marine sensors market. AI can analyze data collected by sensors to identify patterns and trends, improving marine safety, efficiency, and environmental protection. Real-time monitoring and predictive maintenance using AI can help reduce downtime and operational costs. The IoT enables seamless connectivity and data exchange among sensors, enhancing the operational efficiency of marine vessels.

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Industry Drivers

Increasing Demand for UUVs and AUVs

The demand for UUVs and AUVs is rising due to their capabilities in underwater exploration and operations. These vehicles rely heavily on advanced sensors for navigation, data collection, and operational tasks. The expansion of offshore oil and gas activities, environmental monitoring, and underwater research drives the demand for these vehicles, consequently boosting the marine sensors market.

Technological Advancements in Marine Sensors

Continuous advancements in sensor technology are enhancing the capabilities and reliability of marine sensors. Innovations in materials, sensor miniaturization, and integration with AI and IoT are making sensors more robust, accurate, and efficient. These advancements are crucial for meeting the complex requirements of modern marine operations.

Industry Restraints

Development Challenges for Durable Marine Sensors

Developing sensors that can withstand harsh and corrosive marine environments is a significant challenge. The high salinity, varying temperatures, high pressure at depths, and biofouling conditions in marine environments require sensors to be made from durable materials and designed to prevent corrosion and biofouling. This makes the development and manufacturing of marine sensors more expensive compared to sensors for other environments, posing a restraint on market growth.

Opportunities

Integration of AI and IoT with Marine Sensor Technology

The integration of AI and IoT with marine sensors offers numerous opportunities. AI can enhance data analysis, predictive maintenance, and operational optimization. IoT enables real-time data sharing and connectivity among sensors, improving operational efficiency and decision-making. These technologies can significantly improve marine safety, efficiency, and environmental monitoring, driving the demand for advanced marine sensors.

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Challenges

Maintenance and Calibration of Marine Sensors

The maintenance and calibration of marine sensors present several challenges due to the harsh marine environment and the remote locations of many sensors. These factors make maintenance and calibration difficult and expensive. Downtime caused by sensor failures can be costly for marine operations. Additionally, the increasing complexity of marine sensors adds to the time and cost required for maintenance and calibration, posing a challenge for the marine sensors market.

Market Segmentation

By End Use

OEM Segment: The OEM segment is projected to have the highest market share in 2023. OEMs have a deep understanding of the needs of ship owners and design sensors that meet specific requirements, backed by warranties and support. Their strong sales and distribution networks allow them to reach a wide range of customers, providing necessary support and services.

By Ship Type

Commercial Segment: The commercial ship segment holds the highest market share in the marine sensors market. The large and growing commercial fleet, stringent safety and environmental regulations, and the adoption of autonomous ships drive the demand for marine sensors in this segment. Commercial shipping companies increasingly demand real-time data from sensors to improve safety, efficiency, and profitability.

By Application

Fuel and Propulsion Segment: This segment is projected to have the second highest market share in 2023. The marine industry is under pressure to improve fuel efficiency and reduce emissions. Marine sensors provide real-time data on fuel consumption, engine performance, and emissions, helping achieve these goals. Advanced propulsion systems, such as electric and hybrid systems, rely heavily on marine sensors for safe and efficient operation.

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Regional Insights

Asia Pacific

The Asia Pacific region is expected to account for the highest CAGR during the forecast period. The rapid economic development, increasing investment in maritime infrastructure, and the adoption of autonomous ships and UUVs drive market growth in this region. Countries such as China, India, South Korea, Japan, and Australia are leading in the adoption of advanced marine sensor technologies. Government support and financial incentives further encourage the development and adoption of marine sensor technologies in this region.

Key Market Players

The Marine Sensors Market is dominated by globally established players such as Honeywell International Inc. (US), Eaton Corporation (Ireland), TE Connectivity (Switzerland), Garmin Ltd. (US), and Curtiss-Wright (US). These companies continuously invest in research and development, introducing new technological innovations and maintaining strong regional distribution networks.

The Marine Sensors Market is poised for significant growth, driven by the increasing demand for UUVs and AUVs, advancements in sensor technology, and the integration of AI and IoT. The market, projected to grow from USD 1.4 billion in 2023 to USD 1.9 billion by 2028, reflects the rising importance of marine sensors in enhancing operational efficiency, safety, and environmental protection in maritime activities. While challenges such as the development of durable sensors and maintenance issues exist, the opportunities presented by advanced technologies offer a promising future for the marine sensors market. With continued investment and innovation, the Marine Sensors Industry is set to revolutionize marine operations, contributing to safer, more efficient, and environmentally friendly maritime activities.

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Underwater Monitoring System for Oil and Gas Market Analysis 2023 Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033

The underwater monitoring system for oil and gas market was valued from USD 879.0 Million in 2023 to USD 1665.56 Million in 2033. It is estimated to advance at a CAGR of 6.6% from 2024 to 2033. 

Overview and Summary

The underwater monitoring system market for oil and gas is an essential segment focused on ensuring the safety, efficiency, and environmental compliance of offshore and underwater oil and gas operations. These systems provide real-time data and surveillance of underwater environments, infrastructure, and activities, helping to detect leaks, monitor equipment integrity, and comply with environmental regulations. Underwater monitoring systems are critical for preventing accidents, optimizing production, and minimizing the environmental impact of oil and gas extraction.

Market Trends

Increased Offshore Exploration: The growth in offshore oil and gas exploration and production activities, driven by the discovery of new reserves and advancements in drilling technologies, is fueling demand for underwater monitoring systems.

Environmental Regulations: Stringent environmental regulations and standards aimed at preventing oil spills and protecting marine ecosystems are driving the adoption of advanced monitoring systems.

Technological Advancements: Innovations in sensor technologies, data analytics, and underwater communication systems are enhancing the capabilities of underwater monitoring systems, making them more reliable and efficient.

Digitalization and IoT Integration: The integration of Internet of Things (IoT) devices and digital technologies is enabling real-time data collection, remote monitoring, and predictive maintenance, improving operational efficiency and safety.

Focus on Safety and Risk Management: The oil and gas industry’s emphasis on safety and risk management is leading to increased investments in monitoring systems to detect potential issues before they escalate into major problems.

Market Analysis

Key Drivers

Operational Efficiency: Underwater monitoring systems help optimize the production process by providing accurate data on underwater conditions and equipment performance, leading to better decision-making and reduced downtime.

Cost Savings: By enabling early detection of leaks, structural issues, and equipment failures, these systems can significantly reduce maintenance costs and prevent costly environmental fines and cleanup operations.

Technological Innovation: Advances in autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), and advanced sensors are enhancing the effectiveness and deployment of underwater monitoring systems.

Technical Overview

Underwater monitoring systems for oil and gas typically comprise various sensors, data transmission systems, and monitoring platforms:

Sensors: These include acoustic sensors (for detecting sounds and vibrations), optical sensors (for visual inspections and detecting changes in water clarity), and chemical sensors (for monitoring hydrocarbon levels and other chemical parameters).

Data Transmission: Underwater data transmission is achieved through wired (subsea cables) or wireless (acoustic and optical communication) methods. These systems ensure real-time data transfer from underwater sensors to surface control centers.

Monitoring Platforms: These can be fixed (installed on subsea structures) or mobile (mounted on AUVs or ROVs). These platforms collect and transmit data, which is then analyzed to monitor the health and performance of underwater infrastructure.

Data Analysis and Visualization: Advanced software tools and algorithms analyze the collected data, providing actionable insights and visualizations to operators for decision-making and operational optimization.

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Market Segmentations:

Global Underwater Monitoring System for Oil and Gas Market: By Company Schlumberger-OneSubea Kongsberg Maritime Teledyne Marine SONARDYNE Fugro Ocean Sonics DSPComm KCF Technologies Mitcham Industries

Global Underwater Monitoring System for Oil and Gas Market: By Type Frequency Division Multiple Access(FDMA) Time Division Multiple Access(TDMA) Code Division Multiple Access(CDMA) Space Division Multiple Access(SFMA)

Global Underwater Monitoring System for Oil and Gas Market: By Application Deepwater Monitoring Subsea Pipeline Monitoring

Regional Analysis of Global Underwater Monitoring System for Oil and Gas Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Underwater Monitoring System for Oil and Gas market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Underwater Monitoring System for Oil and Gas ? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Underwater Monitoring System for Oil and Gas ? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain? Customization of the Report:

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Unmanned Underwater Vehicles Market Size growing at a CAGR of 16.1% by 2028

Unmanned Underwater Vehicles Market, By System (Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis), Product Type (Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, Heavy Work Class Vehicles), Propulsion Systems (Electric Systems, Non-Electric Systems), Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV)), Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi-Hull Vehicle) Application (Commercial, Scientific Research, Defense), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

The global Unmanned underwater vehicles market is anticipated to reach USD 2.5 billion in 2021 growing at a CAGR of 16.1% during the forecasting period, 2021-2028.

Unmanned underwater vehicles have been improvising considerably due to the transformation of technology and changing military combat concepts. 

The United States is the most developed country for marine unmanned systems, for instance,

Echo Voyager, developed by Boeing is capable of carrying 20 Tons of sensors or other equipment without special support vessels 

The Remus 600 is recently used by the British Navy, the US Navy, and the Japanese Maritime Self Defense Force. This UUV is equipped with side-scan sonar

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Key Findings

The global Unmanned underwater vehicles market is segmented into the system, product type, propulsion systems, type, shape, application, and geography.

System segment is segmented into Propulsion System, Collision Avoidance System, Navigation System, Communication System, Sensors, Payloads, Chasis

Product Type is segmented into Small Vehicles, High-Capacity Vehicles, Light Work Class Vehicles, and Heavy Work Class Vehicles

Propulsion System is segmented into Electric Systems, Non-Electric Systems

Type segment is segmented into Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicle (AUV) 

Shape segment is segmented into Torpedo, Laminar Flow Body, Streamlined Rectangular Style, and Multi-Hull Vehicle

Application segment is segmented into Commercial, Scientific Research, and Defence

Geographically, the global unmanned underwater vehicles market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

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Regional Analysis

North America region has come up as the prominent region and is anticipated to take the largest market share in the overall global market during the forecast period 2021-2028.

Competitive Landscape

Key players in the global unmanned underwater vehicles market are 

Lockheed Martin Corporation,

Saab AB,

Kongsberg Gruppen,

Northrop Grumman Corporation,

Oceaneering International, Inc.,

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

In 2020, Lockheed Martin has won a two-year, USD 12.3 Million contract to assist the Defence Advanced Research Projects Agency form and validate an extra-large unmanned underwater vehicle

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Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors

Gain authentic and granular data access for unmanned underwater vehicles market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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The Unmanned Underwater Vehicles Market report answers a number of crucial questions, including:

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Global Military Robots Market Insights

Military Robots Market size was valued at USD 19.08 billion in 2021 and is

poised to grow from USD 20.63 billion in 2022 to USD 38.79 billion by 2030,

growing at a CAGR of 8.2% in the forecast period (2023-2030).

Military robots are self-driving or remotely controlled robots that are used for

military purposes ranging from transportation to search and rescue to attack.

Some of these systems are already in use, and many more are being

developed. The evolving nature of combat, as well as the monetary value

placed on war losses, have bolstered the use of robots in recent wars. Because

of the high number of casualties in previous wars, most governments have

invested in new unmanned systems to keep a fleet of UAVs, UUVs, and UGVs on

hand for critical missions. Countries are collaborating to develop new vehicles

capable of overcoming obstacles and assisting ground troops in future

warfare using advanced robotics technology.

Furthermore, the industry's major players are supported by government

agencies that make significant investments, allowing them to spend more on

R&D, allowing corporations to consistently develop and create more efficient

and advanced technology. The growing trend of combining humans and

robots on the battlefield is expected to hasten the development of unmanned

military weapons. Robots can perform tasks more quickly and precisely,

reducing the number of casualties during combat. The incorporation of

technology in military robots such as artificial intelligence, real-time data

monitoring, and the Internet of Things (IoT) has significantly changed the

dynamics of modern combat. Soldiers' unpredictable threat can be easily

identified and tracked by AI-integrated robots on air, ground, and sea

platforms.

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Analysis:

Global Military Robots Market Segmental

Analysis

Military Robots Market is segmented based on type, platform, system,

deployment method, range, end user, mode of operations, propulsion. Based

on type, Military Robots Market is segmented as Land, Marine, and Airborne.

Based on platform market is segmented as Land Robots (Wheeled, Tracked,

Legged, Wearable), Marine Robots (Unmanned Surface Vehicles (USV),

Autonomous Underwater Vehicles (AUV), Remotely Operated Vehicles (ROV)),

Airborne Robots (Small UAV, Tactical UAV, Strategic UAV, Unmanned Combat

Aerial Vehicle (UCAV)), Land (Intelligence, Surveillance, and Reconnaissance

(ISR), Search and rescue, Combat support, Transportation, Explosive ordnance

disposal (EOD), Mine clearance, Firefighting, Others), Marine (Intelligence,

Surveillance, and Reconnaissance (ISR), Search and Rescue, Combat Support,

Mine Clearance, Firefighting, Others), Airborne (Intelligence, Surveillance and

Reconnaissance (ISR), Search and Rescue, Combat Support). Based on system

market is segmented as Land (Payloads (Sensors, Radars, Lasers, Cameras,

Manipulator Arms, Land Combat systems), Controller Systems, Navigation

Systems, Power Systems, Others) Marine (Cameras, Sensors and Radars,

Lighting Systems, Navigation Systems, Power Systems, Naval Combat Systems,

Others), Airborne (Payloads (UAV Cameras, UAV CBRN Sensors, UAV Electronics

Intelligence Payloads, UAV Radar, UAV Combat Systems), Sensors, Navigation

Systems, Communication Systems, Propulsion Systems, Power Systems,

Others). Based on deployment method Military Robots Market is segmented as

Land (Hand-Tossed, Ground Launched, Air dropped), Marine (Tube Launched,

Surface Deployed, Air Dropped), Airborne (Catapult Launched, Hand Launched,

Air Launched, Runway Launched). Based on range Military Robots Market is

segmented as Land (< 1 KM, 1–5 KM, > 5 KM), Airborne (Visual Line of Sight (VLOS),

Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), Marine (< 5

KM, 5–10 KM, > 10 KM). based on end use Military Robots Market is segmented

as Intelligence, Surveillance, reconnaissance (ISR), Search and rescue, Combat

support, Transportation, Explosive ordinance disposal (EOD), Mine clearance,

Firefighting. Based on mode of operations market is segmented as Human

Operated (Tethered, Untethered), Autonomous (Fully Autonomous, Semi-

Autonomous). Based on propulsion Military Robots Market is segmented as

electric, mechanical, hybrid. Based on region Military Robots Market is

segmented into North America, Asia Pacific, Europe, Latin America and Middle

East Africa.

Military Robots Market Analysis by End Use:

ISR activities to dominate the global market. Based on end use, the market is

divided into intelligence, surveillance and reconnaissance, search and rescue,

combat support, transportation, and others.

The intelligence, surveillance, and reconnaissance market segment is

expected to be the largest in 2019. During the forecast period, the segment is

also expected to be the fastest-growing. The increase is attributed to an

increase in ISR activities in North America and Asia. For aerial and ground

operations, the major countries' defence forces in these regions rely heavily on

unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVS).

Similarly, for naval operations, unmanned surface vehicles (USVS),

autonomous underwater vehicles (AUVs), and remotely operated vehicles

(ROVS) are used.

Top Players in the Global Military Robots Market

• Lockheed Martin Corporation

• General Dynamics Corporation

• BAE Systems plc

• Northrop Grumman Corporation

• Boeing Company

• iRobot Corporation

• QinetiQ Group plc

• AeroVironment, Inc.

• SAAB AB

• Elbit Systems Ltd.

• Boston Dynamics, Inc.

• FLIR Systems, Inc.

• Raytheon Company

• Turkish Aerospace Industries Inc.

• Leonardo S.p.A.

• Rheinmetall AG

• Thales Group

• Textron Inc.

• Kongsberg Gruppen ASA

• Roboteam Ltd

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[data-bridge]

Underwater Robotics Market Industry Share, Size, Growth, Demands, Revenue, Top Leaders and Forecast to 2029

Industry Analysis

Data Bridge Market Research analyses that the global underwater robotics market is expected to reach USD 8,036.40 million by the year 2029. "Remotely Operated Vehicles (ROV)" accounts for the most prominent type segment in the respective market.

Additionally, the credible Underwater Robotics Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Semiconductors and Electronics industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

 

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Market Insights and Scope            

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 marvellous 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.

An international Underwater Robotics research report examines competitive companies and manufacturers in the global market. Competitive analysis carried out in this market report puts forth the moves of the key players in the Semiconductors and Electronics industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. It studies market by product type, applications and growth factors.

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Industry Segmentation

Global 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)

Working Depth

Shallow

Deep water

Ultra-Deep Water

Task Type    

Observation

Survey

Inspection

Construction

Intervention

Burial and Trenching

Others

Depth

Less than 1000 Mts

1000 Mts to 5000 Mts

More Than 5000 Mts

Component

Light

Camera

Frame

Thrusters

Tethers

Pilot Controls

Others

Application

Oil and Gas

Commercial Exploration

Defense and Security

Scientific Research

Others

 

Industry Share Analysis

Some of the major players operating in Global 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, 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.

 

Market Country Level Analysis

The countries covered in global underwater robotics market report are the

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Sweden, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia and New Zealand, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

An influential Underwater Robotics Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).

 

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[blogaarti]

AUV & ROV Market is Anticipated to Record the Rapid Growth and Prominent Players Analysis 2021-2025

The extraction of oil & gas (O&G) has shifted away from conventional towards subsea sources. The subsea environment is the most remote and unexplored region on the planet and holds limitless resource potential. Numerous challenges must be overcome to extract O&G from undersea methods with autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV) technology entering conversations. AUV’s and ROV’s are deployed for the maintenance, repair, and inspection of offshore equipment at subsea sites for O&G production.

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Cost-Effectiveness of Miniature ROV’s Make Them Popular in the AUV and ROV Market

The factors driving growth in the AUV and ROV market are sizeable investments in the O&G industry, offshore decommissioning, and ocean mapping. Continuous innovation has made offshore systems safer and increased the capabilities of AUV’s and ROV’s, opening new exploration possibilities. Smart devices are anticipated to enhance operational efficiency and minimize risk. Advanced materials offer a greater degree of protection in difficult environments, making a compelling case in the AUV and ROV market. Miniaturization is the buzzword of the 21st century and the AUV and ROV market has not been spared. The average size of ROV models has been decreasing as smaller ROVs are more manoeuvrable and cost less to deploy in remote fields. 

Hybrid ROV’s Can Conduct Tether-free Missions in the AUV and ROV market

The ROV segment in the AUV and ROV market is larger than the AUV one, but the latter is predicted to record sizeable growth for the assessment period. The ROV segment leads the AUV and ROV market as ROV’s are used in drilling support, facility and pipeline inspection, and repairs and maintenance. A trend to watch in the AUV and ROV market is the hybridization of ROV’s. Hybrid ROV’s have tether-option configs that enable the vehicle to conduct operations tether-free. ROV manufacturers are expected to offer evermore hybrid options to customers in the AUV and ROV market for the forecast period assessed – especially mini and small ROVs. 

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Offshore Project in Norway and UK Allow Europe to Dominate the AUV and ROV market

Europe is likely to retain leadership in the AUV and ROV market with Norway and the UK investing unprecedented sums in offshore wind projects. In 2020, Kongsberg Maritime signed an agreement with Ocean Infinity for an ROV launch and recovery system (LARS) built to manage AUV’s and ROV’s. Europe has connected several offshore wind turbines to their grid to boost capacity manifold. A number of oil well discoveries in Canada has hastened spending on E&P. Oil supermajors such as Chevron, ExxonMobil, and CNOOC have pledged to spend billions until the year 2025. This should boost the prospects of all stakeholders in the AUV and ROV market. 

Oligopolistic Conditions Characterize the AUV and ROV market

The top 10 companies account for more than half of the AUV and ROV market. Prominent players in the AUV and ROV market are TechnipFMC plc, Ocean Infinity, DOF Subsea AS, Subsea7, Forum Energy Technologies, DeepOcean AS., Sonardyne International Ltd., Oceaneering International Inc., Saipem, Fugro NV and Helix Energy Solutions Group Inc. In 2019, Shell allowed Saipem to license FlatFish – a subsea autonomous vehicle meant to perform subsea inspections. 

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[abhijeetpawar22]

Unmanned Maritime Vehicles (UMVs) Market Industry Outlook, Comprehensive Insights, Growth and Forecast 2025

GMD predicts the revenue of global UMVs market to reach $8.09 billion by 2026 in terms of CAPEX (Capital Expenditure), growing by 8.2% annually over 2019-2026.

Industry Overview:

The new study made on Unmanned Maritime Vehicles (UMVs) market includes crucial information on market share, market size, and growth rate for the forecast period 2019 - 2026. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics.

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COVID-19 Impact:

The industrial report mentions about the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The Unmanned Maritime Vehicles (UMVs) report proficiently explains about the resulting factors and concerns of manufacturers. Researchers have also well-explained about how the producers and providers will tackle with the ongoing epidemic and the key strategies to be adopted post pandemic for turning their businesses back to normal.

Global Unmanned Maritime Vehicles (UMVs) Market Competitive Analysis:

5G International Inc.

ASV Unmanned Marine Systems

Atlas Elektronik GmbH

BAE Systems plc

Boston Engineering

C-Innovation

Deep Trekker Inc

DOF Subsea AS

ECA Group

Forum Energy Technologies

 Some of the Players profiled in the Unmanned Maritime Vehicles (UMVs) market include …..

The updated market research report on Unmanned Maritime Vehicles (UMVs) market allows the buyers and manufactures to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Market Segmentation:

The report is divided into major categories comprising product, distribution channel, application, and end users. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Unmanned Maritime Vehicles (UMVs) report.

Based on vehicle type, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 (historical and forecast) included in each section.

• UUVs (further segmented into ROVs and AUVs)

• USVs (further segmented into Remotely Operated USVs and Autonomous USVs)

• Other UMVs

Based on application, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 (historical and forecast) included in each section.

• Commercial (breakdown by vehicle types of ROVs, AUVs, USVs, and Other UMVs)

• Scientific Research (breakdown by vehicle types of ROVs, AUVs, USVs, and Other UMVs)

• Defense & Security (breakdown by vehicle types of ROVs, AUVs, USVs, and Other UMVs)

• Others

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Regional Insights:

The Unmanned Maritime Vehicles (UMVs) market is segmented as North America, South America, Europe, Asia Pacific, and Middle East and Africa. Researchers have thoroughly studied about the historical market. With extensive research, experts have offered details on the current and the forecast demand made by these regions. The Unmanned Maritime Vehicles (UMVs) report also includes highlights on the prevailing product demanded by end users and end customers for better understanding of product demand by producers. This will help the producers and the marketing executives to plan their production quantity and plan effective marketing strategies to more buyers. Businesses can hence, increase their product portfolio and expand their global presence. Unmanned Maritime Vehicles (UMVs) market research report further offers information on the unexplored areas in these regions to help the producers to plan promotional strategies and create demand for their new and updated products. This will again help the manufacturers to increase their customers and emerge as leaders in the near future.

The Queries answered by Unmanned Maritime Vehicles (UMVs) Market Research Report include:

· What are the key producers, equipment suppliers, raw material suppliers, end users, distributors and traders in the Unmanned Maritime Vehicles (UMVs) Market?

· What are the crucial factors impacting the Unmanned Maritime Vehicles (UMVs) Market Growth?

· What are production processes, major problems or obstacles, and solutions to tone down the development risk?

· What is the contribution made by regional manufacturers to the overall market?

· What are the major market segment, influential trends, market potential, and key challenges that the market is witnessing?

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[abhigmi]

Underwater Connectors Market to Observe Rugged Expansion at a Top CAGR by 2027 End

The underwater connectors market is set to witness promising growth by 2027 due to rising product demand across several application avenues like oil & gas, telecommunication, oceanographic, and defense among others.

Underwater connectors are specifically designed to bear harsh environments which includes corrosive seawater, pressure, shock and vibration. These connectors are also termed as subsea connectors and marine connectors and offer reliability as well as performance to users.

Lately, waterproof connectors are witnessing robust demand in numerous applications ranging from outdoor and marine technologies to consumer devices that have very high exposure to changing degrees of moisture. These are specifically designed to bear the changing degrees of entrance of water as well as other conditions, like very cold temperatures or high saline environments.

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At present, numerous key participants are involved in novel product launches to gain a competitive edge as well as to expand their customer base. Citing an instance, in April 2021, Fischer Connectors, a leading connectivity solution provider, reportedly announced plans of extending its flagship series of full-rugged and extreme-environment connectors with two novel products, namely the standard Fischer UltiMate™ and the Fischer UltiMate™ 80 connector.

Ecologically sealed to withstand extreme vibrations and shocks, these reliable and durable devices are best to interconnect hubs, devices, equipment as well as embedded electronic systems mainly where weight matters, for instance in unmanned vehicles, robotics, marine & underwater, instrumentation, industrial, and defense & security.

The underwater connectors market is segmented in terms of type, application, and regional landscape. Talking of type, the market for underwater connectors is classified into underwater electrical mateable connectors, rubber molded, inductive coupling, and rigid shell. Among these, the underwater electrical mateable connectors segment will witness a market growth of more than 7.5% by the end of 2027. The growth is accredited to the rising product demand in ROV/AUV applications.

Underwater mateable electrical connectors provide a higher degree of flexibility and also allow for maintenance & repairs in critical conditions.

In terms of application, the overall underwater connectors market is categorized into oceanographic, telecommunication, ROVs/AUVs, defense, and oil & gas. Oceanographic segment will witness a market growth of about 5.0% by the end of the analysis timeline. Rising government efforts for deep sea explorations coupled with the discovery of new reservoirs will accelerate the segment growth.

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From a regional frame of reference, in 2020, the Middle East & Africa witnessed a market growth of around 6.5% and will continue to exhibit robust growth over the coming years. Growing government initiatives to accelerate establishment of offshore oil & gas exploration in the region will add towards regional market growth.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Definitions and scope

1.2    Methodology

1.3    Region-wise COVID-19 impact analysis:

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    Middle East & Africa

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Executive Summary

2.1    Underwater connector market 3600 synopsis, 2016 - 2027

2.2    Business trends

2.3    Regional trends

2.4    Type trends

2.5    Application trends

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[altustechnotrends]

Inspection Robotics in Oil & Gas Market Insights On Trends, Size, Share and Forecast

Inspection robotics in oil & gas industry are robots and intelligent devices developed and employed for inspecting, monitoring and surveying oil & gas pipelines, platforms, rigs, storage tanks and other oil & gas structures. Oil & gas inspection robots include unmanned underwater vehicles (UUVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and smart PIGs among others. UUVs include remotely operated underwater vehicles (ROVs) and autonomous underwater vehicles (AUVs). Global cumulative Capex (capital expenditure) of inspection robots in oil & gas industry will advance to $17.83 billion during 2019-2025, representing a robust growth at 15.9% per annum between 2018 and 2025.

Highlighted with 55 tables and 66 figures, this 183-page report “Inspection Robotics in Oil & Gas Industry: Global Market 2018-2025 by Robot Type, Application, System Component and Region” is based on a comprehensive research of the inspection robots market in oil & gas industry by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.

The report provides historical market data for 2014-2017, revenue estimates for 2018, and forecasts from 2019 till 2025. (Please note: Before delivery, the report will be updated so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)

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In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify global oil & gas inspection robotics market in every aspect of the classification from perspectives of Robot Type, Application, System Component and Region.

Based on robot type, the global market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.

• ROVs • AUVs • UAVs • UGVs • Smart PIGs • Others

Based on application, the global market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.

• Oil and Gas Pipelines • Oil Storage Tanks • Platforms • Rigs • Other Oil and Gas Structures

Based on system component, the global market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.

• Hardware System (further split into Imaging System, Sensors and Automation Systems, Steering and Positioning, Navigation System, Energy and Propulsion, others) • Software System • Operation and Service

Geographically, the following regions together with the listed national markets are fully investigated:

• APAC (Japan, China, Indonesia, Australia, India, and Rest of APAC) • Europe (Germany, UK, Norway, Russia, Rest of Europe) • North America (U.S. and Canada) • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) • Africa (Nigeria, Angola) • Middle East (Saudi Arabia, United Arab Emirates)

For each of the aforementioned regions and countries, detailed analysis and data for annual capex are available for 2014-2025. The breakdown of all regional markets by country and split of key national markets by Robot Type and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted manufacture trend; and profiles key robotics vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global oil & gas inspection robot market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players:

ABB Ltd. AeroVironment, Inc. Alstom Inspection Robots Cyberhawk Innovations Ltd. ECA Group Flyability SA FMC Technologies Inc. Honeybee Robotics Hydrovision Ltd. IKM Subsea AS ING Robotic Aviation International Submarine Engineering (ISE) Ltd. Inuktun Services Ltd. MISTRAS Group Inc. OC Robotics Seegrid Sky-Futures VDOS

(Please note: Before delivery, the report will be updated so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)""

"

[futuremarketinsightsreports]

Ultra-Short Base Line Positioning System Demand to Grow by 5.8% through 2031, Applications to Concentrate in ROV, AUV Vessel Positioning: Future Market Insights

In its market study on the ultra-short base line positioning system, Future Market Insights (FMI) presents deep dive into developments across segments in terms of operational frequency range, nominal range, antenna aperture, and end-use in the global ultra-short base line positioning system market. The study also highlights growth strategies adopted by leading players to strengthen sales prospects.

DUBAI, U.A.E, Aug. 12, 2021 /PRNewswire/ -- As per a recent market analysis by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ultra-short base line positioning system market is projected to reach a valuation of US$ 127.7 Mn in 2021.

Expansion of commercial trade via marine operations, coupled with growing interest in recreational travel are key trends bolstering sales of ultra-short base line positioning systems. Driven by this, the market is poised to expand at a steady 5.8% CAGR during the forecast period, from 2021 to 2031.

Increasing demand from researchers, surveyors, photographers, and the Navy in various countries will continue providing tailwinds to ultra-short base line positioning system sales.

Besides this, efforts to improve underwater communication are encouraging companies to develop wireless data transmission systems. Integration of connective technologies such as Internet of Things (IoT) and artificial intelligence for streamlining marine communication will further boost sales through 2031.

In addition, improvements in sound to noise ratio (SNR) at an inverted ultra-short base line transceiver in smaller vessels are providing longer acoustic tracking ranges. These improvements are facilitating growth in marine operations, leading to lucrative sales prospects in the market.

Growing interest in water sports and recreational tourism activities also will result in higher adoption of ultra-short base line positioning system by ship and vessel owners for optimal safety of customers. This factor is anticipated to encourage developments and technological advancements in the ultra-short base line positioning system market in the upcoming years.

FMI on the basis of in-depth regional analysis projects the U.S. to dominate the ultra-short base line positioning system market. The U.S. is forecast to account for 60% of sales in North America. Rapid expansion of various end-use industries such as oil & gas and tourism are anticipated to bode well for the market.

"Increasing investments in maritime and marine science are paving way for product developments in the global ultra-short base line positioning system market. Besides this, introduction of sales through online channels by OEMs will further augment market growth," says the FMI analyst.

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Key Takeaways:

In terms of nominal range, deep (upto 10,000 m) ultra-short base line positioning system will lead the segment, holding 57% of the total market share.

200-degree antenna aperture will account for 45% of the total ultra-short base line positioning system market share.

ROV, AUV vessels positioning will dominate the end-user segment, accounting for 25% of the total market share.

Holding 60% of the North American ultra-short base line positioning system market, the U.S. will continue witnessing high growth through 2031.

Growing investments in machine science and expansions in the oil & gas industry in China will place it as a lucrative market, expanding at a 5.1% CAGR through 2031.

Sales outlook of ultra-short base line positioning systems in Italy is projected to be positive, holding 20% of the European market.

Prominent Drivers:

Technological advancements in ultra-short base line positioning system market such as IoT (Internet of Things) and artificial intelligence (AI) will push sales through 2031.

Growing interest in tourist activities such as deep-sea diving and underwater photography will propel sales of ultra-short base line positioning systems.

Key Restraints:

High costs associated with the installation of ultra-short base line positioning system may hamper the market growth.

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Competitive Landscape

Key players operating in the ultra-short base line positioning system market are leveraging strategic collaborations, partnerships, and acquisitions to strengthen their position in the market. Product portfolio expansions and customized products to meet end-users demand will remain lucrative growth strategies during the assessment period. For instance:

In July 2021, Norwegian company Konsberg Maritime launched two new water jet control systems known as JCS Compact and JCS Extended. These new control systems use standard components for reducing costs and streamlining simple operations.

In September 2020, EdgeTech, a global leader in high-resolution sonar imaging systems and underwater technology, introduced a new sonar frequency combination suitable for shallow water unmanned surface vehicles (USV) and unmanned underwater vehicles (UUV). The new technology effectively connects small vehicles operating in shallow waters or close to the seafloor.

Leading players operating in Ultra Short Base Line Positioning System Market profiled by FMI include:

Kongsberg Maritime AS

Teledyne Marine

iXblue

ROV-Support A/S

EvoLogics GmbH

Sonardyne Holdings Limited

AAE Technologies Ltd.

Tritech International Limited

Imenco AS

Deep Trekker Inc.

VideoRay LLC

Link Quest Inc.

Blueprint Design Engineering Ltd.

Beringia Enterprises LLC (DiveNET)

EdgeTech