Tethered Manned Submersible Market - Size, Share, Outlook, and Forecast till 2027

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A submersible is a small vehicle designed for underwater operation. It is usually supported by a surface vessel, platform, shore team or sometimes a larger submarine. These tethered manned submersible have wide applications in oceanographic research programs. Furthermore, it has applications in commercial, research, military and defense, where it uses technology and tools for subsea exploration and operations. These vehicles offers services such as data collection, survey, monitoring, emergency response, and more. Tethered manned submersible are human-occupied submersibles, also called as Deep Submergence Vehicles (DSVs), Human-Occupied Vehicles (HOVs), submarines, or manned submersibles. Unmanned vessels include Remotely Operated Vehicles (ROVs) and Autonomous Underwater Vehicles (AUVs and now autonomous inspection vehicles (AIVS).

Increasing adoption of tethered manned submersible in deep sea navigation, tagging and tracking wildlife, and analyzing chemical compositions on the ocean floor are key factors driving growth of the tethered manned submersible market size. However, high cost of these submersible and safety related issues are major factors restraining growth of the tethered manned submersible market.

Key developments in Tethered Manned Submersible Market

Key players involved in tethered manned submersible market are engaged in developing advanced manned submersible in order to meet increasing demand from various end-use industries. For instance, in 2015, Boeing, an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide has built the Echo Seeker, a 32-foot-long autonomous submarine that can hang out in the abyss for up to three days at a time. Moreover, Echo Ranger, a smaller submarine has been used to help discover shipwrecks off the California coast. Furthermore, in January 2017, Shipbuilding Industry Corporation (CSIC) China developed a manned submersible capable of taking a crew to all of earth's sea floors. The CSIC has also been developing a manned submersible that can reach a depth of 4,500 meters.

Moreover, in August 2013, OceanGate Inc., a global provider of manned submersible solutions for research and commercial applications announced completion of the initial carbon fiber hull design and feasibility study for its next-generation manned submersible. Under a contract issued to Boeing Research & Technology (BR&T), OceanGate, the Applied Physics Laboratory at the University of Washington (APL­UW) and Boeing validated the basic hull design for a submersible vehicle able to reach depths of 3,000m/9,800 ft. With its large 180­° borosilicate glass dome, the new vehicle offers chance to examine the environment, collect samples, and deploy technology in subsea settings in person and in real time.

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