Underwater Robotics market

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Underwater Robotics Market Research Report By
Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Underwater Robotics Market Forecast To 2023
Underwater Robotics Market Forecast To 2023

• An increase in the application of underwater
  robotics in oceanic engineering is expected in
  the upcoming years. Market Research Future (MRFR)
  in its latest assessment has highlighted that the
  global underwater robotics market is expected to
  value at over USD 4 Bn by 2023 up from USD 2.12
  Bn in 2017. The market, as per the report, is
  poised to strike a double-digit CAGR of 12.6
  over the assessment period 2018 to 2023. The
  constant need for surveillance at submerged ocean
  areas is expected to boost the revenue generation
  of the underwater robotics market in the
  forthcoming years.

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Underwater Robotics Market Forecast To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Underwater
Robotics Market Forecast To 2023

• Many countries such as India, Australia, the
  U.S., the U.K., etc. are at risk of underwater
  attacks. This, in turn, is projected to lead to a
  rise in investments in underwater robotics over
  the next couple of years. In addition, the
  dispute in the South China sea is also
  prognosticated to propel the expansion of
  underwater robotics market in the nearby future.
• Increasing budget allocations for the defense
  sector is anticipated to impact the growth of the
  market favorable in the foreseeable future. Also,
  the growth of the marine industry is forecasted
  to catalyze the expansion of the underwater
  robotics market across the review period. Other
  applications of the technology are underwater
  payload delivery, mine detection, etc.
  Investments are being injected in research
  development for increasing the technological
  capability of the product. It is anticipated to
  revolutionize the growth trajectory of the
  underwater robotics market in the foreseeable
  future.

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Underwater Robotics Market Forecast To 2023
Global Underwater Robotics Market Segmented on
the basis of
On the basis of type, the global underwater
robotics market has been segmented into
autonomous underwater vehicle (AUV), and remotely
operated vehicle (ROV). By application, the
underwater robotics market is segmented into
commercial exploration, defense security, and
scientific research.
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Underwater Robotics Market Forecast To 2023
Global Underwater Robotics Market - Geographical
Analysis

• The global underwater robotics market, based on
  region, has been segmented into North America,
  Asia Pacific (APAC), Europe, and the Rest of the
  World (RoW). Among these, North America is
  projected to dominate the global market over the
  next couple of years. The U.S. is the most
  crucial country-level market in the region.
  Increasing use of underwater robotics in the U.S.
  Navy for security is expected to drive market
  growth over the evaluation period. In addition,
  increasing applications in the oil gas industry
  for exploration activities is also anticipated to
  support the expansion of the underwater robotics
  market in the region. The U.S. constitutes around
  28 of the total market share and is expected to
  witness substantial growth pace over the next few
  years. The region is also poised to witness a
  rise in exports, thus, catalyzing market growth.

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Underwater Robotics Market Forecast To 2023
Global Underwater Robotics Market - Competitive
Analysis

• Atlas Maridan ApS (Denmark), Kongsberg Gruppen
  (Norway), Deep Ocean Engineering, Inc. (US), ECA
  SA (France), Bluefin Robotics (US), International
  Submarine Engineering Ltd (Canada), Saab AB
  (Sweden), Schilling Robotics, LLC (US), Inuktun
  Services Ltd (Canada), and Soil Machine Dynamics
  Ltd (UK) are some of the top-notch players
  participating in the landscape of the global
  underwater robotics market. Other key players of
  the market include Boston Engineering Corporation
  (US), BaltRobotics Sp.z.o.o. (Poland),
  Oceaneering International, Inc. (US), BAE Systems
  PLC (UK), Ocean Aero, Inc. (US), Pelorus Naval
  Systems Inc. (US), Palmarii Dynamics AB (Sweden),
  and SeaRobotics Corporation (US).

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