Underwater Rescue and Salvage Equipment Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.5 Billion by 2033 at a CAGR of 8.9% from 2026 to 2033.
The global Underwater Rescue and Salvage Equipment Market was valued at USD 5.42 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. This growth is driven by increasing maritime activities, rising demand for advanced underwater rescue technologies, and expanding oil and gas exploration. The North American region dominated the market with a share of approximately 35% in 2022, driven by the presence of major maritime safety regulations and investments in naval defense. Europe followed closely, holding a share of 30%, with ongoing advancements in underwater rescue technologies and an active marine industry. The Asia Pacific region, particularly China and Japan, is expected to experience the highest growth during the forecast period, with a CAGR of 7.2%, as countries in the region increasingly focus on marine rescue operations due to expanding shipping and offshore oil industries.
In terms of opportunities, the market is poised to benefit from the growing adoption of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) for search and rescue operations. Additionally, the need for improved safety protocols in the marine and offshore sectors is anticipated to provide significant growth opportunities for the market. The Middle East & Africa region is expected to see considerable demand for underwater rescue equipment due to the rising number of offshore oil and gas exploration projects. Latin America is also poised for growth, particularly in Brazil, where increasing investments in maritime infrastructure and offshore activities are driving the demand for advanced underwater rescue equipment. These regional dynamics are expected to shape the future of the underwater rescue and salvage equipment market.
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James Fisher and Sons plc
Unique Group
Trelleborg Offshore & Construction
Seaflex
China State Shipbuilding Corporation
Subsalve USA
Mammoet Salvage
Hydrauvision
Resolve Marine Group
Norsafe
Palfinger Marine
Viking Life-Saving Equipment
Deep Trekker
Hydromea
Romica Engineering Ltd
Silvercrest
DonJon Marine
Damen Shipyards
Griffin Diving & Salvage
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Underwater Rescue and Salvage Equipment Market
Underwater Drones
Submersibles
ROVs (Remotely Operated Vehicles)
Sonar and Imaging Systems
Lift Bags and Recovery Systems
Search and Recovery Operations
Marine Salvage
Emergency Response
Environmental Monitoring
Underwater Engineering and Construction
Government and Military
Commercial Salvage Operators
Research Institutions
Oil and Gas Industry
Environmental Organizations
Sonar Technology
Video and Imaging Technology
Communication Technology
Power Supply Systems
Motor and Propulsion Technology
Metals
Composites
Plastics
Rubber
Electronics and Sensors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Underwater Rescue and Salvage Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Underwater Rescue and Salvage Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Underwater Rescue and Salvage Equipment Market, By Type
6. Global Underwater Rescue and Salvage Equipment Market, By Application
7. Global Underwater Rescue and Salvage Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Underwater Rescue and Salvage Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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