March 2020- The ECA Group is to provide the Navy of Lithuania with KTOPER mine disposal vessels for use in countermeasures at sea.
February 2020- Saab will provide the Australian Navy fleet of Hunter frigates with a tactical interface, as SAAB and Australia's Department of Defence announced. The tactical interface shall be based on Saab's Next Generation Combat Management System CMS, which will become a part of any large surface vessel in the Navy.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 1520
Published Date: Nov 03, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for deep sea mining, high investments in defense applications, and pollution control are some of the major growth factors for the market growth.
The market size of underwater robotics is anticipated to attain a CAGR of 16 % over the forecast period, i.e., 2024-2036.
The major players in the market are International Submarine Engineering Limited, Soil Machine Dynamics Ltd., ATLAS ELEKTRONIK GmbH, TechnipFMC plc, Deep Ocean Engineering, Inc., Saab AB, General Dynamics Mission Systems, Inc., Oceaneering International, Inc, ECA GROUP, Kawasaki Motors Corp and others
The remotely operated vehicles segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.