Global Sub Surface Rescue Vehicle Market Seen Soaring 12.7% Growth to Reach USD 6.8 Billion by 2030, Projects Univdatos Market Insights
- Vikas Kumar
- November 14, 2023
- AUTOMOTIVE, NEWS
- Sub-Surface Rescue Vehicle Market Analysis, Sub-Surface Rescue Vehicle Market Forecast, Sub-Surface Rescue Vehicle Market Growth, Sub-Surface Rescue Vehicle Market Outlook, Sub-Surface Rescue Vehicle Market Share, Sub-Surface Rescue Vehicle Market Size, Sub-Surface Rescue Vehicle Market Trends
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According to a new report by Univdatos Market Insights, the Global Sub-Surface Rescue Vehicle Market, is expected to reach USD 6.8 Billion in 2030 by growing at a CAGR of 12.7%. Subsurface rescue vehicles are specialized vehicles designed to operate in confined spaces, such as tunnels, mines, and other underground environments. These vehicles offer several advantages over traditional rescue methods, including increased safety, improved accessibility, and enhanced capabilities. Subsurface rescue vehicles are used in various industries, including mining, construction, and emergency response, and have a variety of applications, including rescue operations, maintenance, inspection, exploration, and scientific research.
Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=48197
The report suggests that the increasing number of accidents and incidents in underground working environments are some of the major factors driving the Sub-Surface Rescue Vehicle Market during the forthcoming years. Furthermore, the increasing frequency and severity of natural disasters, such as earthquakes, hurricanes, and floods, are leading to a rising demand for subsurface rescue vehicles. Underground mining and underground operations are at high risk during natural disasters and accidents such as gas leaks and explosions, often resulting in widespread destruction and loss of life, leading to a greater need for rescue operations to save those trapped or injured. Subsurface rescue vehicles are designed to navigate through damaged infrastructure and reach those in need of assistance. Moreover, natural disasters can cause widespread emergencies like flooding, fires, and gas leaks. Subsurface rescue vehicles can navigate through affected areas and reach those in need of assistance.
Figure 1: Uses and Sources of Minerals Found in Deep Sea
Additionally, with the increase in ocean activities, there is an increased risk of accidents occurring, such as oil spills, gas leaks, and equipment failures. This requires the use of subsurface rescue vehicles to respond quickly and effectively to these incidents. With the increase in ocean activities, there is an increased need for search and rescue operations. Subsurface rescue vehicles are necessary to locate and rescue individuals who may be trapped or stranded in underwater environments. The rising demand scenario can also be seen from the new launches that the companies are undertaking, providing consumers with varied choices.
- Ocean Alpha has launched their Unmanned Surface Rescue Vehicle (USRV), the Dolphin 1. This water rescue robot can be quickly deployed and has a range of 500m and a speed of almost 10 miles/hour. It is equipped with high-penetration fog lights located near the front top of the vehicle to provide increased visibility in fog and at night. The Dolphin USRVs began shipping in June 2019.
- In January 2021, Forum Energy Technologies recently announced the completion of their LR-class SRV, a highly advanced submarine rescue vehicle. This model can rescue up to 17 people at a time and operates at depths of up to 600m. It is equipped with state-of-the-art sensors and sonar systems to quickly locate a distressed submarine, as well as an auxiliary thruster control system that allows for speeds of up to four knots. The LR-class SRV also has a pressurized rescue chamber to ensure rescued crew are decompressed to prevent decompression sickness (the bends). The first of the LR-class SRVs is being shipped to its destination later this month.
Several big companies are seeing a golden opportunity for growth in this field due to these factors and launching their products catering to the increased demand that’s been generated due to increased underwater and underground explorations for rare earth minerals globally, which can also be seen from the pace at which products are getting launched in this segment. For example, Forum Energy Technologies has received an order from Submarine Manufacturing and Products, Ltd. (SMP) to supply a Perry XLX-C series ROV. This ROV will be used to support the SRV in its operations by assessing and preparing a site for a submersible rescue. It will be fitted with Forum’s latest technology and will be capable of delivering specialized equipment, including an Emergency Life Support System, to a distressed submarine. A simulator, with several scenarios, will be supplied as a training aid for the ROV pilots.
Click here to view the Report Description & TOC https://univdatos.com/report/sub-surface-rescue-vehicle-market/
The Autonomous Sub Surface Rescue Vehicles (ASV) Segment of the Sub-Surface Rescue Vehicles is Generating Maximum Traction in the Market
Autonomous sub-surface vehicles (ASV) are anticipated to witness a significant growth rate in CAGR terms during the forecast period. Several factors will be playing out that will lead to high growth of ASVs such as increased safety, where ASVs are designed to operate autonomously, which reduces the risk of human error. Furthermore, ASVs can operate for longer periods of time and cover larger areas than ROVs, making them more efficient for search and rescue operations. In addition to this, ASVs are equipped with advanced sensors and communication systems, which enable them to operate in a variety of environments and perform a range of tasks, such as underwater mapping, inspection, and cleaning. Moreover, ASVs can operate in areas that are difficult or impossible for ROVs to reach, such as in deep water or in areas with complex underwater terrain. These are some of the factors that are responsible for the rising demand for ASVs and can also be seen in the recent product launches in this space.
- For instance, in July 2023, Kolkata-based defense PSU Garden Reach Shipbuilders and Engineers Ltd launched an autonomous underwater vehicle (AUV). The lightweight and manned portable AUV has been designed to operate in a totally autonomous manner. The AUV is 2.15 meters long has an operational capacity of 4 hours, and is capable of operating up to a depth of 300 meters.
Conclusion
In conclusion, the future of sub-surface rescue vehicles looks promising with advancements in technology and increasing environmental concerns. The benefits, such as unmanned operations, and undertaking rescue operations in confined and hard-to-reach places, will continue to attract more buyers. As autonomous technology advances and developments increase in this space will further make the technology more sophisticated and will drive up the demand. Additionally, growing focus and investments toward finding rare earth minerals and oil and gas reserves in the oceans will continue to generate secular demand in the market for sub-surface rescue vehicles in the future.
