Underwater Robotics Market Worth $6.74 Billion by 2025 | CAGR 13.5%: Grand View Research, Inc.

SAN FRANCISCO, October 10, 2018 /PRNewswire/ --

The global underwater robotics market [https://www.grandviewresearch.com/industry-analysis/underwater-robotics-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Oct10_Underwater_Robotics_RD1&utm_content=Content ]  size is expected to reach USD 6.74 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a substantial CAGR of 13.5% over the forecast period. Rising adoption of underwater robotics technology across military and commercial exploration applications for intelligence, surveillance, inspection, underwater repair maintenance, navigation and communication, and other operations is anticipated to boost market growth over the forecast period.

(Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg )

The commercial exploration segment held a significant share in the market in 2017. The autonomous underwater vehicles (AUV) segment is expected to gain traction over the forecast period while reaching at over USD 1.48 billion by 2025. These vehicles are used in commercial exploration of oil and gas, military missions, as well as for scientific research activities.

The market growth is attributed to the rising investments in defense sectors across different countries. For instance, in 2016 the United States Department of Defense announced an investment of USD 600 million over the period of 2016 to 2020 for the development of variable payload unmanned undersea vehicles capabilities. This investment was majorly made by the U.S. Navy to improve intelligence, surveillance and rescue operations, acoustic surveillance, mine countermeasure, and anti-submarine warfare operation.

Browse full research report with TOC on "Underwater Robotics Market Size, Share & Trends Analysis Report By Type (ROV, AUV), By Application (Commercial Exploration, Defense & Security, Scientific Research), By Region, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/underwater-robotics-market [https://www.grandviewresearch.com/industry-analysis/underwater-robotics-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Oct10_Underwater_Robotics_RD2&utm_content=Content ]

Further Key Findings From the Report Suggest: 

        
        - The global underwater robotics market accounted for USD 2.52 billion in 2017 and
          is expected to develop at a CAGR of 13.5% from 2018 to 2025
        - ROV segment emerged as the largest by type in 2017 and is estimated to reach USD 5.26
          billion by 2025
        - By application, the commercial exploration segment is anticipated to witness the
          highest CAGR of 14.8% over the forecast period
        - The Asia Pacific region is estimated to expand at the highest CAGR over the forecast
          period. Growing investments in autonomous marine vehicles in countries such as China,
          South Korea, Japan, India, and Australia are expected to drive the region's growth
        - Some of the key companies are Oceaneering International Inc.; ECA Group; Atlas
          Maridan; and Bluefin Robotics Corp.

Browse related reports by Grand View Research: 

        
        - 3D Semiconductor Packaging Market
          [https://www.grandviewresearch.com/industry-analysis/3d-semiconductor-packaging-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Oct10_Underwater_Robotics_RL1&utm_content=Content ]
          - The global 3D semiconductor packaging market is expected 
          to grow at a CAGR of over 16.5% from 2014 to 2022. 
        - Photonic Integrated Circuit (IC) Market
          [https://www.grandviewresearch.com/industry-analysis/photonic-integrated-circuit-ic-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Oct10_Underwater_Robotics_RL2&utm_content=Content ]
          - The global photonic integrated circuit (IC) market 
          size (PIC market size) was estimated at USD 300.9 million in 2015. 
        - UV Tapes Market
          [https://www.grandviewresearch.com/industry-analysis/uv-tapes-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Oct10_Underwater_Robotics_RL3&utm_content=Content ]
          - The global UV (Ultraviolet) tapes market size was valued at USD 274.9 
          million in 2015.
        - Laser Cutting Machine Market
          [https://www.grandviewresearch.com/industry-analysis/laser-cutting-machine-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Oct10_Underwater_Robotics_RL4&utm_content=Content ]
          - The global laser cutting machine market size was valued at 
          USD 3.02 billion in 2015. 

Grand View Research has segmented the global underwater robotics market on the basis of type, application, and region: 

        
        - Underwater Robotics Type Outlook (Revenue, USD Million, 2014 - 2025) 
             - Remotely Operated Vehicle (ROV)
             - Autonomous Underwater Vehicles (AUV)
        - Underwater Robotics Application Outlook (Revenue, USD Million, 2014 - 2025) 
             - Defense & Security
             - Commercial Exploration
             - Scientific Research
             - Others
        - Underwater Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025) 
             - North America
                - U.S.
                - Canada
             - Europe
                - U.K.
                - Germany
                - Russia
                - France
             - Asia Pacific
                - China
                - India
                - Japan
                - Australia
             - Latin America
                - Brazil
                - Mexico
             - MEA

Explore the BI enabled intuitive market research database, Grand View Compass [https://www.grandviewresearch.com/compass?utm_source=pressrelease&utm_medium=referral&utm_campaign=PRN_Oct10_Underwater_Robotics_BI&utm_content=Content ] , by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

        

        Contact: 
        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc. 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 
        Email: sales@grandviewresearch.com 

 

Web: https://www.grandviewresearch.com

    Photo: 
    https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

SOURCE Grand View Research, Inc.