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Global Underwater Robotics Market 2012-2016

Global underwater robotics market: 7% CAGR between 2012-2016


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2014-02-26 04:53:01 - Global Underwater Robotics Market 2012-2016 - a new market research report on companiesandmarkets.com

The Global Underwater Robotics market is to grow at a CAGR of 6.77 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing need for undersea mining. The Global Underwater Robotics market has also been witnessing the emergence of smart underwater robots. However the limitations of underwater communication could pose a challenge to the growth of this market.

With the increasing adoption of underwater robots in both the private and public sectors, several market vendors and research institutions are developing smart underwater robots with additional capabilities. This is expected to provide market vendors with a competitive edge in the steadily growing market. The smart robot technology combines advanced features such as increased efficiency,

 

 

high speed, portable design, efficient communication, energy efficiency, increased safety, and accident prevention measures. These advanced features offer substantial benefits over traditional robots. Furthermore, several vendors are focusing on developing environmentally-friendly robots in order to avoid any disturbance to aquatic animals.

One of the main drivers in this market is the growing need for undersea mining. The need for underwater robotics in the field of deep sea mining is expected to increase in the future because of the fast-depleting land resources.

One of the main challenges in this market is the limitations of underwater communication. The presence of water and its high pressure levels slows down the signal transmission speed and creates background noises and echoes.
Key vendors dominating this market space include Atlas Maridan ApS, Bluefin Corp., and Deep Ocean Engineering Inc. Other vendors mentioned in the report are ECA Hytec SA, Inuktun Services Ltd., International Submarine Engineering Ltd., MacArtney Group, NeuroRobotics Ltd., Oceaneering International Inc., Perry Slingsby Systems Ltd., Schilling Robotics Inc., and Soil Machine Dynamics Ltd.

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