Market Overview:
The Global Military Underwater Exploration Robot Market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for remotely operated vehicles (ROV) and autonomous underwater vehicles (AUV) robots for military and aerospace applications. North America dominates the global military underwater exploration robot market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Military underwater exploration robot is a type of unmanned underwater vehicle that is used for military purposes. These robots are used to explore the ocean floor and gather information about the enemy's activities and movements. They are also used to detect mines and other obstacles in the water.
Remotely Operated Vehicle (ROV) Robot:
Remotely operated vehicle (ROV) robot market is expected to witness significant growth over the forecast period owing to increasing demand for underwater exploration and maintenance activities. The ROV robots are used in various applications such as oil & gas, marine, hydropower and mining industries. Increasing demand for under water exploration activities from oil & gas industry is anticipated to drive remotely operated vehicle robot market over the next seven years.
Autonomous Underwater Vehicle (AUV) Robot:
Autonomous Underwater Vehicle (AUV) Robot is a device that can swim and explore by itself without human intervention. It is used for various applications such as testing the endurance limit of equipment, exploring new areas, locating objects and collecting data on seabed or ocean floor. AUVs are autonomous underwater vehicles designed to operate independently in water environment with the help of internal sensors, software control system and propulsion systems.
Application Insights:
The military application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing spending on defense robots, which has resulted in increased demand for underwater exploration robots across various countries. For instance, China has been making huge investments in its military capabilities and is expected to spend around USD 1 trillion over the next 15 years on its armed forces modernization program. This investment will primarily benefit UAV/UAVs as well as ships, submarines and aircraft carriers equipped with AI-enabled technologies that improve their combat efficiency significantly.
The aerospace application segment was valued over USD 400 million in 2017 owing to rising use of remotely operated vehicles by commercial divers employed by major companies such as Airbus SE & Boeing Co., Lockheed Martin Corporation etc., who provide assistance during maintenance operations or during rescue operations at sea or along land borders where access is difficult or hazardous due to extreme weather conditions etc.
Regional Analysis:
North America dominated the global military underwater exploration robot market in terms of revenue share in 2017. The growth can be attributed to increasing defense budget by the U.S., which is anticipated to fuel demand for AUVs and ROVs over the forecast period. Asia Pacific region is expected to witness significant growth owing to increasing government initiatives for marine exploration, development, and utilization across countries such as China, India, South Korea, Japan among others. Moreover these regions are also witnessing an increase in military spending which will further drive product demand over the next eight years.
The Middle East & Africa region is anticipated witness high growth rate due to increased oil & gas exploration activities coupled with rising geopolitical tensions between various countries such as Iran and Saudi Arabia that has led them into building up their armed forces with underwater capable equipment thus fueling product demand over the forecast period 2016 - 2030).
Growth Factors:
- Increasing demand for underwater exploration to locate and assess natural resources
- Growing popularity of unmanned underwater vehicles (UUVs) for military and commercial applications
- Proliferation of advanced technologies, such as artificial intelligence (AI), machine learning, and big data analytics, that are aiding in the development of more efficient and sophisticated Military Underwater Exploration Robots
- Rising investments by governments and defense agencies in research & development (R&D) activities to enhance the operational efficiency of Military Underwater Exploration Robots
- Increasing number of maritime threats across the world that are compelling militaries to deploy advanced robotic systems for surveillance and anti-submarine warfare operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Underwater Exploration Robot Market Research Report
By Type
Remotely Operated Vehicle (ROV) Robot, Autonomous Underwater Vehicle (AUV) Robot
By Application
Military, Aerospace
By Companies
Atlas Maridan, Boeing, Boston Engineering Corporation, Deep Ocean Engineering, Inc., Forum Energy Technologies, Kongsberg Gruppen (Kongsberg Maritime), Oceaneering International, Inc., Saab AB (Saab Seaeye Ltd.), Subsea 7, Teledyne Technologies Incorporated, Atlas Maridan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Military Underwater Exploration Robot Market Report Segments:
The global Military Underwater Exploration Robot market is segmented on the basis of:
Types
Remotely Operated Vehicle (ROV) Robot, Autonomous Underwater Vehicle (AUV) Robot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Aerospace
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Maridan
- Boeing
- Boston Engineering Corporation
- Deep Ocean Engineering, Inc.
- Forum Energy Technologies
- Kongsberg Gruppen (Kongsberg Maritime)
- Oceaneering International, Inc.
- Saab AB (Saab Seaeye Ltd.)
- Subsea 7
- Teledyne Technologies Incorporated
- Atlas Maridan
Highlights of The Military Underwater Exploration Robot Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remotely Operated Vehicle (ROV) Robot
- Autonomous Underwater Vehicle (AUV) Robot
- By Application:
- Military
- Aerospace
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Underwater Exploration Robot Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military underwater exploration robots are designed to explore and map the ocean floor. They can also collect data about marine life and environmental conditions.
Some of the key players operating in the military underwater exploration robot market are Atlas Maridan, Boeing, Boston Engineering Corporation, Deep Ocean Engineering, Inc., Forum Energy Technologies, Kongsberg Gruppen (Kongsberg Maritime), Oceaneering International, Inc., Saab AB (Saab Seaeye Ltd.), Subsea 7, Teledyne Technologies Incorporated, Atlas Maridan.
The military underwater exploration robot market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Underwater Exploration Robot Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Underwater Exploration Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Underwater Exploration Robot Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Underwater Exploration Robot Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Underwater Exploration Robot Market Size & Forecast, 2018-2028
4.5.1 Military Underwater Exploration Robot Market Size and Y-o-Y Growth
4.5.2 Military Underwater Exploration Robot Market Absolute $ Opportunity
Chapter 5 Global Military Underwater Exploration Robot Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Underwater Exploration Robot Market Size Forecast by Type
5.2.1 Remotely Operated Vehicle (ROV) Robot
5.2.2 Autonomous Underwater Vehicle (AUV) Robot
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Underwater Exploration Robot Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Underwater Exploration Robot Market Size Forecast by Applications
6.2.1 Military
6.2.2 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Underwater Exploration Robot Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Underwater Exploration Robot Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Underwater Exploration Robot Analysis and Forecast
9.1 Introduction
9.2 North America Military Underwater Exploration Robot Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Underwater Exploration Robot Market Size Forecast by Type
9.6.1 Remotely Operated Vehicle (ROV) Robot
9.6.2 Autonomous Underwater Vehicle (AUV) Robot
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Underwater Exploration Robot Market Size Forecast by Applications
9.10.1 Military
9.10.2 Aerospace
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Underwater Exploration Robot Analysis and Forecast
10.1 Introduction
10.2 Europe Military Underwater Exploration Robot Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Underwater Exploration Robot Market Size Forecast by Type
10.6.1 Remotely Operated Vehicle (ROV) Robot
10.6.2 Autonomous Underwater Vehicle (AUV) Robot
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Underwater Exploration Robot Market Size Forecast by Applications
10.10.1 Military
10.10.2 Aerospace
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Underwater Exploration Robot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Underwater Exploration Robot Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Underwater Exploration Robot Market Size Forecast by Type
11.6.1 Remotely Operated Vehicle (ROV) Robot
11.6.2 Autonomous Underwater Vehicle (AUV) Robot
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Underwater Exploration Robot Market Size Forecast by Applications
11.10.1 Military
11.10.2 Aerospace
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Underwater Exploration Robot Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Underwater Exploration Robot Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Underwater Exploration Robot Market Size Forecast by Type
12.6.1 Remotely Operated Vehicle (ROV) Robot
12.6.2 Autonomous Underwater Vehicle (AUV) Robot
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Underwater Exploration Robot Market Size Forecast by Applications
12.10.1 Military
12.10.2 Aerospace
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Underwater Exploration Robot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Underwater Exploration Robot Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Underwater Exploration Robot Market Size Forecast by Type
13.6.1 Remotely Operated Vehicle (ROV) Robot
13.6.2 Autonomous Underwater Vehicle (AUV) Robot
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Underwater Exploration Robot Market Size Forecast by Applications
13.10.1 Military
13.10.2 Aerospace
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Underwater Exploration Robot Market: Competitive Dashboard
14.2 Global Military Underwater Exploration Robot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Maridan
14.3.2 Boeing
14.3.3 Boston Engineering Corporation
14.3.4 Deep Ocean Engineering, Inc.
14.3.5 Forum Energy Technologies
14.3.6 Kongsberg Gruppen (Kongsberg Maritime)
14.3.7 Oceaneering International, Inc.
14.3.8 Saab AB (Saab Seaeye Ltd.)
14.3.9 Subsea 7
14.3.10 Teledyne Technologies Incorporated
14.3.11 Atlas Maridan
