TechNavio, a tech-focused research firm, has published a new report on the Global Underwater Robotics Market, which is expected to grow at a CAGR of 6.92 percent from 2014-2019.
The latest report by TechNavio emphasizes a growing need for undersea mining, which is one of the major factors influencing the Global Underwater Robotics Market. The need for robotics in this segment is only expected to increase in coming years, thanks to depleting land resources that are forcing many companies to pursue undersea mining.
“The need for undersea mining is propelling the need for remotely operated underwater vehicles that can identify possible mining areas and provide a detailed analysis of the undersea environment prevailing in the mining area,” says Faisal Ghaus, Vice President of TechNavio.
The new TechNavio report also emphasizes the growing requirement for underwater robotics for ocean surveillance, which has forced several market vendors and research institutions to develop perpetual underwater robotics for continuous surveillance.
“Perpetual underwater robotics have the ability to refuel themselves and are powered by natural, renewable and ocean thermal energy, meaning that they do not depend on an external fuel source and can be used to explore remote ocean regions,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including: