Deep Sea Robot Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, China, Germany, Norway - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 175 SKU: IRTNTR75479

Deep Sea Robot Market Size 2024-2028

The deep sea robot market size is forecast to increase by USD 2.09 billion, at a CAGR of 12.05% between 2023 and 2028. The market's growth rate is influenced by several key factors. Firstly, there is a significant uptick in the demand for oceanography research, driven by the need for better understanding and management of marine ecosystems. Additionally, the expansion of offshore oil and gas industries contributes to market growth, with increased exploration and production activities in deep waters. Furthermore, the rising demand for monitoring and maintenance services for deep water pipelines and platforms is fueling market expansion, as companies prioritize safety and efficiency in their operations. These factors collectively underscore a promising outlook for the market, with opportunities arising from diverse sectors within the marine industry driving sustained growth and development Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.

Moreover, the North American region experiences heightened demand for deep-sea robots across industries like oil and gas, defense, and research. Companies like BAE Systems Plc provide advanced deep-sea robots like the Riptide unmanned undersea vehicles, catering to defense, research, and commercial applications. Blue Robotics Inc also offers innovative deep-sea robots such as the BlueROV2 Underwater Drone. This surge in demand for sophisticated deep-sea robotics reflects the region's emphasis on leveraging cutting-edge technology for various sectors, driving advancements in underwater exploration and operations.

Market Forecasting and Size

Market  Forecast 2024-2028

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Market Dynamic

The market is driven by a growing demand for robotics in various sectors like offshore oil and gas exploration and underwater surveillance. Key trends include advancements in autonomous underwater vehicles (AUVs), improved sonar pulses, and electromagnetic wave technologies. However, challenges such as navigating complex ocean depths and mitigating surface ambient noise pose obstacles to deep-sea operations. Additionally, competition and the need for continuous innovation from companies like BAE Systems further shape the market's dynamics in this rapidly evolving sector. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver - Growing demand for oceanography research

Oceanography is a field of study that has been increasing in importance in recent years as scientists and researchers strive to better analyze the vast and complex marine environment.  In addition, there are many factors driving the increased demand for oceanography research, including concerns about CC, rising sea levels, and the impact of human activities on the ocean.

Moreover, oceanography research is focused on understanding the role of the ocean in global climate patterns. In addition, this includes exploring the ways in which ocean currents and temperatures affect weather patterns, as well as investigating the role of the ocean in sequestering carbon dioxide from the atmosphere. Furthermore, another area of growing demand for oceanography research is centered around understanding the impact of human activities on the ocean environment. Hence, such factors are driving the market during the forecast period.

Significant Market Trends - Increasing deployment of UUVs

UUVs are underwater drones that are utilized for different applications, such as naval mine detection, seabed mapping, seabed mining, searching for underwater mines, and search and recovery missions. In addition, UUVs are equipped with sonar systems and oceanographic sensors. Furthermore, the focus on underwater surveillance systems for both military and non-military applications is increasing due to terrorist activities.

Moreover, locations to be protected may be naval bases, sensitive installations connected with offshore oil-and-gas production and transport, and nuclear power plants, among others. In addition, concerns regarding pollution of subsea environments are creating a demand for monitoring this environment. Furthermore, monitoring of water quality and detection of pollutants is required in sensitive areas and larger basins. Both industry and authorities need technology and equipment to monitor the subsea environment.  Hence, such factors are driving the market during the forecast period.

Major Market Challenge - High cost of development of deep sea robots

Developing deep sea robots is a highly complex and expensive process that needs advanced technology and skilled engineers. In addition, the high cost of development is largely due to the difficulties of working in the harsh and unpredictable environment of the deep sea. Furthermore, one major cost driver is the need for specialized materials and components.

Moreover, deep sea robots must be constructed from materials that can withstand extremely high pressures, extreme temperatures, and corrosive saltwater. For instance, the ROV Deep Discoverer used by the National Oceanic and Atmospheric Administration (NOAA) Ocean Exploration and Research is constructed of titanium and other strong metals to withstand the harsh conditions of the deep sea environment. Hence, such factors are hindering the market during the forecast period.

Market Segmentation by Type, Application, and Geography 

The market is witnessing significant growth, driven by the demand for robotics in various sectors such as offshore oil and gas exploration and underwater surveillance. Key players like BAE Systems are at the forefront of innovation, offering advanced remotely operate vehicles (ROVs), Unmanned Underwater Vehicles (UUVs), and autonomous underwater vehicles (AUVs) tailored for oil & gas sector operations, oceanography, and anti-submarine warfare. These deep-sea robots are equipped with advanced features such as sonar pulses, electromagnetic waves, and free-space optical (FSO) communication for efficient data collection and navigation in challenging seawater environments with surface ambient noise. They are essential for tasks like underwater exploration, submersible operations, and surveillance in areas with potential hazards like torpedoes and eels.

Type Segment Analysis:

The ROV segment is estimated to witness significant growth during the forecast period. ROVs have become a crucial tool for different industries, including oil and gas, marine biology, and oceanography. In addition, ROVs are equipped with cameras, sensors, and robotic arms that allow them to navigate the deep sea and carry out various tasks. Furthermore, ROVs are widely used in the oil and gas industry for exploration, maintenance, and repair of underwater pipelines.

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The ROV segment was the largest segment and was valued at USD 807.33 million in 2018. Moreover, they can approach and inspect underwater structures with precision and accuracy. In addition, ROVs are equipped with oil leak detection systems, ensuring that oil spills are detected as soon as possible, minimizing environmental damage. Furthermore, in the field of marine biology, ROVs are used to conduct research and exploration of the underwater world to discover new marine species or study existing ones. In addition, scientists use ROVs to capture high-quality images and videos of marine life and the ocean floor. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.

Application Segment Analysis:

Based on the application, the market has been segmented into commercial exploration, defense and security, and scientific research. The commercial exploration segment will account for the largest share of this segment. The commercial exploration segment comprises submarine mining and oil and gas exploration. In addition, the global market is driven by the increasing demand for resources and minerals from the ocean bed, which is estimated to hold vast untapped wealth. Moreover, submarine mining is a significant sub-segment of the commercial exploration sector. In addition, it involves extracting minerals such as zinc, nickel, copper, and cobalt from the ocean floor. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.

Regional Analysis

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North America is estimated to contribute 35% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market in North America is expected to grow at a robust rate owing to the presence of leading players and favorable government initiatives. In addition, one of the major factors driving the growth of the market in North America is the increasing demand for oil and gas. Moreover, the region is home to several leading oil and gas companies that have invested heavily in the development of deep-sea robots for exploration and production activities. In addition, government initiatives to promote R&D activities in the region are expected to drive the growth of the regional market. Furthermore, several government agencies in North America have been offering financial support and funding for the development of deep-sea robots.  Hence, such factors are driving the market in North America during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

 Deep Ocean Engineering Inc: The company offers deep sea robots such as the Phantom X Series, Phantom T Series, Phantom L Series, Phantom T5 Defender, and Phantom T4 Remotely Operated Vehicle.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market companies, including:

CRRC Corp. Ltd., DOER Marine, Exail Technologies, Forum Energy Technologies Inc., Halma Plc, International Submarine Engineering Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Mariscope, Nauticus Robotics Inc., Oceaneering International Inc., ROVOP Ltd., Saab AB, Shark Marine Technologies Inc., TechnipFMC plc, and VideoRay LLC

Technavio market forecast the in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

  • Type Outlook 
    • ROV
    • AUV
    • Submersible vehicles
  • Application Outlook 
    • Commercial exploration
    • Defense and security
    • Scientific research
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing rapid growth driven by advancements in underwater exploration technology. Key players like Vaarst, Equinor, and Open Ocean Robotics are at the forefront, developing innovative solutions for various applications. Remotely Operated Vehicles (ROVs), underwater exploration robots, and Unmanned Underwater Vehicles (UUVs) equipped with AI software and sonar technology enable autonomous navigation and environmental perception. These robots play crucial roles in defence & security and search and rescue efforts, exploring shipwrecks and surveying the ocean floor. With self-maintenance capabilities and cube-like structure housing propellers and manipulator arms, these robots offer unprecedented access to the depths, revolutionizing our understanding of the ocean and its ecosystems.

In addition, submersibles and  Unmanned Underwater Vehicle (UUV) equipped with manipulator arms and cube-like structures are employed for various tasks, from inspecting submarines to exploring shipwrecks. Remotely Operated Vehicles (ROVs segment) play a crucial role in this segment, supported by human subsea drivers and AI technology from companies like Schilling Robotics and Ocean Infinity. These robots utilize sound waves for navigation and are vital for defense purposes, including surveillance and reconnaissance missions. With continued innovation in unmanned drone systems, the market is poised for further growth in defense and security applications.

Market Scope

Report Coverage

Details

Page number

175

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.05%

Market Growth 2024-2028

USD 2.09 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

10.78

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 35%

Key countries

US, Canada, China, Germany, and Norway

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

BAE Systems Plc, Blue Robotics Inc., CRRC Corp. Ltd., Deep Ocean Engineering Inc., DOER Marine, Exail Technologies, Forum Energy Technologies Inc., Halma Plc, International Submarine Engineering Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Mariscope, Nauticus Robotics Inc., Oceaneering International Inc., ROVOP Ltd., Saab AB, Shark Marine Technologies Inc., TechnipFMC plc, and VideoRay LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive market report analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global deep sea robot market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global deep sea robot market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 ROV - Market size and forecast 2023-2028
      • Exhibit 34: Chart on ROV - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on ROV - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on ROV - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on ROV - Year-over-year growth 2023-2028 (%)
    • 6.4 AUV - Market size and forecast 2023-2028
      • Exhibit 38: Chart on AUV - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on AUV - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on AUV - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on AUV - Year-over-year growth 2023-2028 (%)
    • 6.5 Submersible vehicles - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Submersible vehicles - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Submersible vehicles - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Submersible vehicles - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Submersible vehicles - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)
      • Exhibit 47: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Commercial exploration - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Commercial exploration - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Commercial exploration - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Commercial exploration - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Commercial exploration - Year-over-year growth 2023-2028 (%)
    • 7.4 Defense and security - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Defense and security - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Defense and security - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Defense and security - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Defense and security - Year-over-year growth 2023-2028 (%)
    • 7.5 Scientific research - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Scientific research - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Scientific research - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Scientific research - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Scientific research - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ million)
      • Exhibit 65: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 Norway - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Norway - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on Norway - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on Norway - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Norway - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 BAE Systems Plc
              • Exhibit 119: BAE Systems Plc - Overview
              • Exhibit 120: BAE Systems Plc - Business segments
              • Exhibit 121: BAE Systems Plc - Key offerings
              • Exhibit 122: BAE Systems Plc - Segment focus
            • 12.4 Blue Robotics Inc.
              • Exhibit 123: Blue Robotics Inc. - Overview
              • Exhibit 124: Blue Robotics Inc. - Product / Service
              • Exhibit 125: Blue Robotics Inc. - Key offerings
            • 12.5 Deep Ocean Engineering Inc.
              • Exhibit 126: Deep Ocean Engineering Inc. - Overview
              • Exhibit 127: Deep Ocean Engineering Inc. - Product / Service
              • Exhibit 128: Deep Ocean Engineering Inc. - Key offerings
            • 12.6 DOER Marine
              • Exhibit 129: DOER Marine - Overview
              • Exhibit 130: DOER Marine - Product / Service
              • Exhibit 131: DOER Marine - Key offerings
            • 12.7 Exail Technologies
              • Exhibit 132: Exail Technologies - Overview
              • Exhibit 133: Exail Technologies - Product / Service
              • Exhibit 134: Exail Technologies - Key offerings
            • 12.8 Forum Energy Technologies Inc.
              • Exhibit 135: Forum Energy Technologies Inc. - Overview
              • Exhibit 136: Forum Energy Technologies Inc. - Business segments
              • Exhibit 137: Forum Energy Technologies Inc. - Key offerings
              • Exhibit 138: Forum Energy Technologies Inc. - Segment focus
            • 12.9 Halma Plc
              • Exhibit 139: Halma Plc - Overview
              • Exhibit 140: Halma Plc - Business segments
              • Exhibit 141: Halma Plc - Key news
              • Exhibit 142: Halma Plc - Key offerings
              • Exhibit 143: Halma Plc - Segment focus
            • 12.10 International Submarine Engineering Ltd.
              • Exhibit 144: International Submarine Engineering Ltd. - Overview
              • Exhibit 145: International Submarine Engineering Ltd. - Product / Service
              • Exhibit 146: International Submarine Engineering Ltd. - Key offerings
            • 12.11 Kongsberg Gruppen ASA
              • Exhibit 147: Kongsberg Gruppen ASA - Overview
              • Exhibit 148: Kongsberg Gruppen ASA - Business segments
              • Exhibit 149: Kongsberg Gruppen ASA - Key offerings
              • Exhibit 150: Kongsberg Gruppen ASA - Segment focus
            • 12.12 L3Harris Technologies Inc.
              • Exhibit 151: L3Harris Technologies Inc. - Overview
              • Exhibit 152: L3Harris Technologies Inc. - Business segments
              • Exhibit 153: L3Harris Technologies Inc. - Key news
              • Exhibit 154: L3Harris Technologies Inc. - Key offerings
              • Exhibit 155: L3Harris Technologies Inc. - Segment focus
            • 12.13 Lockheed Martin Corp.
              • Exhibit 156: Lockheed Martin Corp. - Overview
              • Exhibit 157: Lockheed Martin Corp. - Business segments
              • Exhibit 158: Lockheed Martin Corp. - Key offerings
              • Exhibit 159: Lockheed Martin Corp. - Segment focus
            • 12.14 Oceaneering International Inc.
              • Exhibit 160: Oceaneering International Inc. - Overview
              • Exhibit 161: Oceaneering International Inc. - Product / Service
              • Exhibit 162: Oceaneering International Inc. - Key offerings
            • 12.15 ROVOP Ltd.
              • Exhibit 163: ROVOP Ltd. - Overview
              • Exhibit 164: ROVOP Ltd. - Product / Service
              • Exhibit 165: ROVOP Ltd. - Key offerings
            • 12.16 Saab AB
              • Exhibit 166: Saab AB - Overview
              • Exhibit 167: Saab AB - Business segments
              • Exhibit 168: Saab AB - Key news
              • Exhibit 169: Saab AB - Key offerings
              • Exhibit 170: Saab AB - Segment focus
            • 12.17 TechnipFMC plc
              • Exhibit 171: TechnipFMC plc - Overview
              • Exhibit 172: TechnipFMC plc - Business segments
              • Exhibit 173: TechnipFMC plc - Key news
              • Exhibit 174: TechnipFMC plc - Key offerings
              • Exhibit 175: TechnipFMC plc - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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