Increasing Offshore E&P Activities Fueling Underwater Robotics Market Growth

The rising adoption of underwater robots in offshore oil and gas exploration & production (E&P) activities for drilling, maintenance, and repair purposes to overcome the limitations of human subsea divers, will drive the underwater robotics market growth during the forecast period (2020–2030). Moreover, the surging adoption of such robotic systems in the military and defense industry will also supplement the market growth in the coming years.

These robots are remotely operated autonomous vehicles which are designed to function underwater for continued surveillance. One of the key growth drivers of the underwater robotics market is the surging production from offshore oil and gas reserves. Oil and gas companies across the world are heavily investing in underwater technology, to increase the productivity and efficiency of exploration activities at offshore reserves.




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Deployment of such robots at these reserves helps these companies reach inaccessible areas and open them for exploration. Moreover, these robots also assist companies in performing maintenance activities at these reserves. In recent years, key market players such as Inuktun Services Ltd., Saab AB, International Submarine Engineering Ltd., ECA Group, ATLAS MARIDAN ApS, Oceaneering International Inc.,

Soil Machine Dynamics Ltd., Deep Ocean Engineering Inc., Bluefin Robotics Corporation, and Schilling Robotics LLC are focusing on innovations, product launches, partnerships, collaborations, and mergers and acquisitions to gain a competitive edge. For example, Norway's DeepOcean completed the acquisition of the Texas-based Delta SubSea LLC, in 2018, to expand its presence in the Gulf of Mexico region and the U.S.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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