The marine mining market is forecasted to grow by USD 8252.78 mn during 2023-2028, accelerating at a CAGR of 33.98% during the forecast period. The report on the marine mining market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing focus on energy transition and renewable technologies, rising demand for critical minerals, and increasing use of ai in marine mining.
Technavio's marine mining market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
33.73%
CAGR
33.98%
Incremental Value
$8252.78mn
By Application
Precious metals
Automotive
Oil and gas
Electronics
Construction
By Technology
Remotely operated vehicles (ROVs)
Sonar
Marine seismic methods
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the advancements in marine mining technologies as one of the prime reasons driving the marine mining market growth during the next few years. Also, growing adoption of specialized dredging and mining equipment and advancements in sensor technology used in marine mining will lead to sizable demand in the market.
The report on the marine mining market covers the following areas:
Marine mining market sizing
Marine mining market forecast
Marine mining market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine mining market vendors that include AP Moller Maersk AS, China Minmetals Corp., Collier Consulting Inc., De Beers Corp., Deep Ocean Engineering Inc., DEME NV, DFR Gold Inc., Groupe Gorge, Loke Marine Minerals AS, Ocean Minerals LLC, RJE International Inc., Royal IHC, SAMS Enterprise Ltd, Specialist Machine Developments Ltd., and TMC The Metal Co. Inc.. Also, the marine mining market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global marine mining market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Technology Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Precious metals - Market size and forecast 2023-2028
6.4 Automotive - Market size and forecast 2023-2028
6.5 Oil and gas - Market size and forecast 2023-2028
6.6 Electronics - Market size and forecast 2023-2028
6.7 Construction - Market size and forecast 2023-2028