Get In Touch

Global Marine Mining Market Digs Deep with 34% CAGR during 2018-2026

The global marine mining market is expected to witness robust growth, thanks to rising demand for copper, which currently stands at near 24 million metric tons. The rising demand for minerals and increased technological advancement making seabed mining operations more effective will likely help the market achieve robust growth in the near future. It is estimated that more than 1.5 million square kilometres of the international seabed will likely undergo exploration in the near future, thanks to rising exploration activity.

Rising demand for copper, due to growth of the electronics industry will drive robust growth for the global marine mining market. The rising demand for consumer electronics like cell phones, which use metals like zinc and manganese, and rare earth materials like cobalt, will promise lucrative opportunities in the near future. Moreover, the limited exploration opportunities on land will likely divert substantial capital investments towards marine mining in the near future.

Among regions, the Asia Pacific region is expected to witness robust exploration activity in the near future. The region is witnessing major demand for electronics, and shipping activities between countries like Korea, Japan, contribute towards the largest trade of metals, and minerals. The growing demand for zinc, lithium, cobalt, and manganese in the region, and increased interest in the region will drive more opportunities for growth in the global marine mining market in the near future.

marine mining market

Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2410

Automobile Manufacturing to Boost Marine Mining Market

The rise in interest in next-gen vehicles like electric cars, and automated cars will open new opportunities for players in the global marine mining market. In countries like Germany, the US, and Japan, the demand for industrial metal like platinum, nickel, and copper remains extremely high, thanks to rising production for automobiles. Moreover, depletion of terrestrial deposits, and rise in population is expected to drive more investments  towards seabed exploration. The established framework for exploring seabed mining operations, and growing activity towards exploring the deep-end of the ocean will create more opportunities in the near future.

Advanced Monitoring and Surveillance Solution Promise to Open New Opportunities

Advanced IoT monitoring solutions are expected to open new opportunities in the market as 24/7 surveillance, data management technique open up new avenues for growth. The growing reliance on data analytics for maintaining and repairing mining equipment also promises substantial cost-savings, and additional safety. The technological advancements also make it easier to engage in underwater exploration activity with unmanned vehicles with improving flight durations. The increasing efficiency and reliability of these machines will create new opportunities for growth for the global marine mining market. The advanced analytic solutions and introduction of Internet of Things or IoT promises new opportunities for growth in the global marine mining market.

The global marine mining market has been segmented as follows:

Global Marine Mining Market, by Technology

  • Remotely Operated Vehicles (ROVs)
  • SONAR

Marine Seismic Methods

Global Marine Mining Market, by Application

  • Automotive
  • Precious Metals
  • Construction
  • Electronics
  • Others (including Industrial Machinery and Consumer Goods)

Global Marine Mining Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Norway
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • Papua New Guinea
    • Rest of Asia Pacific
  • Rest of World
    • Brazil
    • Saudi Arabia
    • Rest of Countries 

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. 

Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

7 of 10 large enterprizes view our ToC to take the right decision.

View Report ToC