Underwater Robot Market - Benefited by Increasing Offshore Oil and Gas Exploration

Underwater Robot Market - Global Industry Analysis, Growth, Trends and Forecast 2018 - 2026

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Albany, NY -- (SBWire) -- 09/05/2018 --The potential use in underwater surveillance and offshore oil and gas exploration is expected to boost growth of the market. For instance, in 2018, China is one of the leader in robotic warships. With the launch of Wanshan Marine Test Site is slated to span 225 square nautical miles of water and islands China is taking initiatives for research activities. It'll reportedly be equipped with satellite navigation, electro optical sites, sonar, and data links. Additionally, in July 2017, the U.S. Defense Advanced Research Projects Agency (DARPA) signed a contract of US$4.6 mn with BAE Systems for development of unmanned underwater vehicle (UUV) to supplement manned submarines, aiding them to detect targets by sending sonar pulses. These initiatives are helping for the underwater surveillance which is boosting uptake of the global underwater robotics market.

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The rise in the demand for underwater robots, technological advancements in sensors used in the underwater robots and a vast applications in various industrial sectors such as military and defense, oil and gas are the key driving factor of global underwater robotics market. Underwater robots are increasingly used across the military & defense sector around the globe, as it helps in underwater surveillance.

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Furthermore, it also help in stalking the enemy ships, and protecting the harbors as well as the mine sweep for improving country's navel security. Additionally, increase in R&D investment and activities along with the growing awareness about the availability of advanced imaging systems are expected to fuel the growth of global underwater robot market.

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Functions such as the equipment repair, searching and recovering, the inspection, the scientific analysis, the cable-laying, and the surveying and searching and trenching. Underwater robots can communicate with operator through satellite signals or underwater sounds. Furthermore, it is equipped with a video camera and the lights that are important to get the vision under the sea.

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