You are here

Subsea robot market to grow 6.2 per cent between 2014-2019, according to report

04th March 2015

The global underwater robots market is set to grow at a CAGR of 6.92 per cent over the period 2014-2019, according to a new report from www.researchandmarkets.com

The global underwater robots market I set to grow at a CAGR of 6.92 per cent over the period 2014-2019, according to a new report from www.researchandmarkets.com
The presence of water and its high pressure levels slow down the signal transmission speed and create background noises and echoes. Image Source: Atlas Maridan

Underwater robots are used for continuous oceanic surveillance and are designed to work in challenging environments where the safety and accessibility of divers is compromised. Underwater robots play an important role in the development of the offshore industry and have several applications in the fields of maritime security, underwater archaeology, and marine biology.

“The growing need for underwater robotics for ocean surveillance in the field of scientific research has forced several market vendors and research institutions to develop perpetual underwater robotics for continuous surveillance,” a report analysts said. “Perpetual underwater robotics have the ability to refuel themselves and are powered by natural, renewable, and ocean thermal energy.”

Further, the report states that underwater communications are one of the key challenges that the market faces. The presence of water and its high pressure levels slow down the signal transmission speed and create background noises and echoes.

The report, Global Underwater Robots Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Underwater Robots market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Atlas Maridan ApS, Bluefin Robotics Corp. and Deep Ocean Engineering Inc.are identfied as key players in the underwater robot market.

Got a news tip? Email news@oilandgastechnology.net