Global Underwater Exploration Robots Market 2020-2024

Global Underwater Exploration Robots Market 2020-2024

Technavio has been monitoring the underwater exploration robots market and it is poised to grow by $ 2.54 bn during 2020-2024, progressing at a CAGR of 13% during the forecast period. Our reports on the underwater exploration robots market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing offshore E&P programs, advancement in computing and communications and increased demand for oceanography and hydrography. In addition, increasing offshore E&P programs is anticipated to boost the growth of the market as well.

The underwater exploration robots market analysis includes product segment and geographical landscapes

Technavio's underwater exploration robots market is segmented as below:

By Product

• AUV
• ROV

By Geographical landscapes

• North America
• Europe
• APAC
• MEA
• South America

This study identifies the emergence of swarm intelligence as one of the prime reasons driving the underwater exploration robots market growth during the next few years. Also, hybrid ROV and AUV systems and increasing investment in life-of-field operations will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our underwater exploration robots market covers the following areas:

• Underwater exploration robots market sizing
• Underwater exploration robots market forecast
• Underwater exploration robots market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading underwater exploration robots market vendors that include ATLAS ELEKTRONIK GmbH, DOF Subsea Group, Forum Energy Technologies Inc., General Dynamics Mission Systems Inc., Kongsberg Gruppen ASA, Oceaneering International Inc., Saab AB, Soil Machine Dynamics Ltd., Subsea 7 SA, and The Boeing Co. Also, the underwater exploration robots market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.