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, 2023 - 2030

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, 2023 - 2030

Underwater Robotics Market Growth & Trends

The global underwater robotics market size is expected to reach USD 13.02 billion by 2030, registering a CAGR of 14.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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.

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 over USD 1.48 billion by 2025. These vehicles are used in the 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.

Underwater Robotics Market Report Highlights

• The global underwater robotics market accounted for USD 4.49 billion in 2022 and is expected to develop at a CAGR of 14.5% from 2023 to 2030
• The Remotely Operated Vehicles (ROV) segment accounted for the largest revenue share of 79.8% in 2022.
• The commercial exploration segment held the largest revenue share of 39.6% in 2022 and is expected to grow at the fastest CAGR during 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

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