AsAc(SH:601890) Qian Zhan Wang·2025-10-07 08:03Core Insights - The underwater robotics industry is increasingly recognized as a key component in marine development, driven by government support and strategic initiatives [2][39] - The industry has established a complete value chain, from upstream technology development to downstream applications across various sectors [3][39] Industry Development - The Chinese government prioritizes the underwater robotics sector in its "14th Five-Year Plan," providing funding and favorable policies to promote technological innovation [2][39] - Coastal provinces like Guangdong, Shanghai, Jiangsu, and Zhejiang have become hubs for underwater robotics companies, benefiting from economic and marine resource advantages [5][36] Market Structure - The underwater robotics market in China is segmented into consumer-grade, industrial-grade, and military-grade products, with notable companies in each category [7][39] - The market is expected to grow significantly, with projections indicating a market size of approximately 74.74 billion yuan by 2030, reflecting a compound annual growth rate of 28.3% from 2025 to 2030 [39][40] Key Players - Leading companies in the underwater robotics sector include: - Tianhai Defense, known for its AUV and ROV capabilities, with a revenue of 3.945 billion yuan in 2024 [10] - Yaxing Anchor Chain, the largest anchor chain manufacturer globally, with a production capacity of 200,000 tons [13] - Qiyuan Technology, specializing in underwater AI solutions and holding over 150 global patents [16] - Qianxing Innovation, a leading global player in underwater robotics with a strong R&D team [18] - Deep Blue Technology, focusing on underwater intelligent equipment and solutions [21] Market Trends - The global underwater robotics market is projected to reach $7.85 billion by 2024, with North America being the largest market [33][34] - China's underwater robotics market is expected to reach $2.35 billion by 2024, making it the second-largest market globally [34] - The industry is entering a high-growth phase, driven by advancements in AI, 5G, and new materials, enhancing product intelligence and operational capabilities [40]