Marine Robotics Market Size, Share, Growth, And Industry Analysis By Type (Jet & Venturi Scrubbers, Orifice Scrubbers, Packed Bed Scrubbers) By Application (Pharmaceuticals, Special Chemicals, Paper & Pulps, Plastics, Others) Regional Forecast From 2024 To 2031

Updated On: 22 April 2024

MARINE ROBOTICS MARKET REPORT OVERVIEW 

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The global Marine Robotics market size expanded rapidly in 2022, as per our research, the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering; with the Marine Robotics market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Remotely controlled or self-driving underwater vehicles known as "marine robotics" are utilised for a variety of nautical tasks, including scientific research, defence applications, commercial fishing, port security and surveillance, oil and gas exploration, tourism, and other activities. Robots that operate underwater for continuous monitoring are autonomous vehicles that may be controlled remotely.

One of the main factors propelling the underwater robotics market globally is the growing adoption of underwater robots in the military, defence, and industrial sectors, such as offshore oil and gas exploration, for drilling, repair, and maintenance, to overcome the limitations of human subsea divers. The military, navy, and police are increasingly using underwater vehicles for missions including payload delivery, mine countermeasures, inspection, and identification, as well as information gathering, surveillance, and reconnaissance (ISR). Aquatic Robotics This increased use of ROVs and AUVs is predicted to propel market expansion. It is projected that the worldwide market for underwater robots will grow due to the evolving capabilities of ROVs throughout time, which are largely caused by technological advancement and the need to identify and utilise additional offshore oil and gas reserves. Many vehicles are also effectively employed in offshore industries, applied oceanographic sciences, and academic oceanography; nevertheless, one of the most important deciding variables is whether these AUVs are cost-effective considering the services they offer.

COVID-19 Impact: COVID-19 Outbreak Significantly Affected The Market Growth

Construction, manufacturing, lodging, and tourist businesses all suffered greatly during the COVID-19 pandemic. Manufacturing operations were suspended or limited. Global manufacturing and transportation operations, as well as their supply networks, were hindered. This resulted in a decrease in both the demand for and manufacture of robotic systems, which restrained the growth of the robotics market. Yet, there has been a considerable increase in demand for robots like delivery and sanitation robots. This market's balanced decline. On the other hand, businesses are progressively returning to their normal levels of production and services. This is anticipated to result in robotics businesses restarting at full capacity, which will aid in the recovery of the robotics industry by the middle of 2021.

Latest Trends

"Increasing Need For Underwater Robots To Provide Search, Rescue, And Maintenance"

The demand for ROVs is increasing due to the ongoing development of underwater vehicles to meet the needs of missions like search and rescue and underwater repair in hazardous environments and isolated areas, which is anticipated to serve as a driver for the worldwide undersea robotics market.

MARINE ROBOTICS MARKET SEGMENTATION 

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• By Type Analysis

According to type, the market can be segmented into Jet & Venturi Scrubbers, Orifice Scrubbers, and Packed Bed Scrubbers. Jet & Venturi Scrubbers Vehicles is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Pharmaceuticals, Special Chemicals, Paper & Pulps, Plastics, Others. Pharmaceuticals will be the dominating segment.

Driving Factors

"Oil And Gas Demand Growth Is Anticipated To Be Supported By This"

The increase in global demand for oil and gas forced governments to buy more oil from OPEC members. This import has increased over time as a result. India and China are the two nations that import the most oil on the planet. Yet, this import is quite expensive for the countries involved. Nations make an effort to minimise this cost by supplying the demand from different sources. Nations are thus actively exploring for other reservoirs. India, for instance, is diligently searching the country for its reserve facility. The Economic Times said that ONGC has so far gathered locations that can generate 280 million tonnes. Nations are exploring a wide range of areas, including the seas, oceans, rivers, different hilly regions, etc. Sometimes it might be dangerous to send divers on missions under the water. Remote-controlled vehicles are frequently used in oil exploration to help with drilling, development, and maintenance duties. This kind of use in underwater research is increasing the need for underwater bots. This is one of the key market drivers affecting the underwater robots industry. As a result, this element is fueling the market CAGR.

"Underwater Robotics Are Increasingly Used In Military And Security Applications"

In the military, navy, and law enforcement, the usage of underwater vehicles is expanding for tasks including intelligence collection, surveillance, and reconnaissance (ISR), mine countermeasures, inspection, and identification, oceanography, and payload delivery. The global market for underwater robotics is anticipated to be driven by this rising use of ROVs and AUVs.

Restraining Factors

It can only go extremely small distances. Also, due to the additional sophisticated signal processing needed for underwater transmission, significant power is needed. Hence, it is anticipated that the adoption of underwater robots would be constrained throughout the projected period due to challenges with communication and navigation in deep water. The expansion of the worldwide underwater robotics market is constrained by the high cost of ROVs and AUVs after upgrades and cyber security risks.

It can only go extremely small distances. Also, due to the additional sophisticated signal processing needed for underwater transmission, significant power is needed. Hence, it is anticipated that the adoption of underwater robots would be constrained throughout the projected period due to challenges with communication and navigation in deep water.

MARINE ROBOTICS MARKET REGIONAL INSIGHTS 

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"Asia Pacific Will Be The Dominating Region During Forecast Period"

Due to increased usage of underwater robots in the military sector, the Asia Pacific underwater robotics market has the fastest rising market share. The rising investments being made in autonomous marine vehicles in countries like China, Japan, India, Australia, and South Korea are predicted to fuel the market's quick rise in the APAC region. Also, the underwater robotics market in China had the biggest market share and the underwater robotics market in India had the quickest rate of expansion.

The market for underwater robots in Europe is anticipated to expand significantly between 2022 and 2030. Due to the rise of offshore oil and gas production in European countries, the area is anticipated to contribute significantly to the worldwide share. For instance, in May 2018, the Russian oil giant Lukoil completed the construction of a third well in the Filanovsky region of the Caspian Sea. Moreover, the UK underwater robotics market held the biggest market share, and the fastest-growing market in this area was Germany.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• BETE (U.S.)
• Exterran (U.S.)
• GEA Group (Germany)
• GPE Scientific (U.K.)
• AirClean Systems (U.S.)
• Clyde Bergemann (Germany)
• EnviPro Engineering (India)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.