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MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com 2014 2024 GLOBAL MARINE MINING MARKET FORECAST & OPPORTUNITIES

Marine Mining Market Size, Share & Forecast 2025

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Global marine mining market is expected to grow at a CAGR of 30% during the forecast period. Marine mining or remote ocean mining is the process of retrieving mineral deposits from the sea and the area of the ocean below 200 meters.

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Page 1: Marine Mining Market Size, Share & Forecast 2025

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

2014 – 2024

GLOBAL MARINE MINING MARKET

FORECAST & OPPORTUNITIES

Page 2: Marine Mining Market Size, Share & Forecast 2025

2

Scope of ReportProduct of Interest (POI): Marine Mining

Review Period

2014 – 2017

Base Year

2018

Estimated Year

2019

Forecast Period

2020 – 2024

Year RangeMARINE MINING MARKET TECHNOLOGY REGION

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

• Remotely Operated

Vehicles [ROVs]

• SONAR

• Marine Seismic

Methods

Global marine mining market is expected to grow at a CAGR of 30% during the forecastperiod. Marine mining or remote ocean mining is the process of retrieving mineral depositsfrom the sea and the area of the ocean below 200 meters. Rise in industrialization, growingdisposable income and increase in demand for durable goods such as automobiles andhousehold equipment with high mineral or metal content are projected to propel the growthof global marine mining market.

Market Segmentation

METAL

• Silver

• Gold

• Copper

• Zinc

• Others

Page 3: Marine Mining Market Size, Share & Forecast 2025

3

Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Marine Mining Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1.By Technology (Remotely Operated Vehicles [ROVs], SONAR, Marine Seismic Methods)

5.2.2. By Metal (Silver, Gold, Copper, Zinc & Others)

5.2.3. By Region

5.2.4. By Company (2018)

5.3. Market Attractiveness Index

6. Asia Pacific Marine Mining Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Technology

6.2.2. By Metal

6.2.3. By Country

Page 4: Marine Mining Market Size, Share & Forecast 2025

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Table of Contents

S. No. Contents Page No.

6.3. Asia Pacific: Country Analysis

6.3.1. China Marine Mining Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Technology

6.3.1.2.2. By Metal

6.3.2. India Marine Mining Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Technology

6.3.2.2.2. By Metal

6.3.3. Japan Marine Mining Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Technology

6.3.3.2.2. By Metal

6.3.4. South Korea Marine Mining Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Technology

6.3.4.2.2. By Metal

Page 5: Marine Mining Market Size, Share & Forecast 2025

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Table of Contents

S. No. Contents Page No.

6.3.5. Australia Marine Mining Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Technology

6.3.5.2.2. By Metal

7. North America Marine Mining Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Technology

7.2.2. By Metal

7.2.3. By Country

7.3. North America: Country Analysis

7.3.1. United States Marine Mining Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Technology

7.3.1.2.2. By Metal

Page 6: Marine Mining Market Size, Share & Forecast 2025

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Table of Contents

S. No. Contents Page No.

7.3.2. Mexico Marine Mining Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Technology

7.3.2.2.2. By Metal

7.3.3. Canada Marine Mining Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Technology

7.3.3.2.2. By Metal

8. Europe Marine Mining Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Technology

8.2.2. By Metal

8.2.3. By Country

8.3. Europe: Country Analysis

Page 7: Marine Mining Market Size, Share & Forecast 2025

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Table of Contents

S. No. Contents Page No.

8.3.1. Russia Marine Mining Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Technology

8.3.1.2.2. By Metal

8.3.2. United Kingdom Marine Mining Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Technology

8.3.2.2.2. By Metal

8.3.3. Germany Marine Mining Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Technology

8.3.3.2.2. By Metal

8.3.4. France Marine Mining Market Outlook

Page 8: Marine Mining Market Size, Share & Forecast 2025

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Table of Contents

S. No. Contents Page No.

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Technology

8.3.4.2.2. By Metal

8.3.5. Norway Marine Mining Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Technology

8.3.5.2.2. By Metal

8.3.6. Spain Marine Mining Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Technology

8.3.6.2.2. By Metal

9. South America Marine Mining Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Technology

9.2.2. By Metal

9.2.3. By Country

Page 9: Marine Mining Market Size, Share & Forecast 2025

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Table of Contents

S. No. Contents Page No.

9.3. South America: Country Analysis

9.3.1. Brazil Marine Mining Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Technology

9.3.1.2.2. By Metal

9.3.2. Argentina Marine Mining Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Technology

9.3.2.2.2. By Metal

9.3.3. Chile Marine Mining Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Technology

9.3.3.2.2. By Metal

Page 10: Marine Mining Market Size, Share & Forecast 2025

10

Table of Contents

S. No. Contents Page No.

10. Middle East & Africa Marine Mining Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Technology

10.2.2. By Metal

10.2.3. By Country

10.3. MEA: Country Analysis

10.3.1. Saudi Arabia Marine Mining Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Technology

10.3.1.2.2. By Metal

10.3.2. UAE Marine Mining Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

Page 11: Marine Mining Market Size, Share & Forecast 2025

11

Table of Contents

S. No. Contents Page No.

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Technology

10.3.2.2.2. By Metal

10.3.3. South Africa Marine Mining Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Technology

10.3.3.2.2. By Metal

10.3.4. Egypt Marine Mining Market Outlook

10.3.4.1. Market Size & Forecast

11.4.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Technology

10.3.4.2.2. By Metal

11. Market Dynamics

11.1. Drivers

Page 12: Marine Mining Market Size, Share & Forecast 2025

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Table of Contents

S. No. Contents Page No.

11.2. Challenges

12. Market Trends and Developments

13. Competitive Landscape

13.1. Competition Outlook

13.2. Company Profiles

13.2.1. Company Details

13.2.2. Financials (As reported)

13.2.3. Key Market Focus and Geographical Presence

13.2.4. Pricing of Target Products

13.2.5. Market positioning

13.3. Global Players Profiled (Leading Companies)

13.3.1. Keppel Corporation Limited

13.3.2. China Minmetals Corporation

13.3.3. Diamond Fields Resources Inc.

13.3.4. Royal IHC

13.3.5. UK Seabed Resources Ltd.

13.3.6. Nautilus Minerals Inc.

13.3.7. Neptune Minerals, Inc

13.3.8. Ocean Minerals, LLC

13.3.9. Soil Machine Dynamics Ltd.

13.3.10. Deep Green Metals Inc.

14. Strategic Recommendations

15. About Us and Disclaimer

Page 13: Marine Mining Market Size, Share & Forecast 2025

RESEARCH METHODOLOGY

Page 14: Marine Mining Market Size, Share & Forecast 2025

14

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global marine mining

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary

and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global marine mining

market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Final Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

Page 15: Marine Mining Market Size, Share & Forecast 2025

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Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of global marine mining market. The team has analyzed the

outlook of various segments of this market, while considering the major influencing factors such as increase in demand for durable goods such as

automobiles. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve

sustainability in global Marine Mining market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as marine mining companies, channel partners, market

influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 marine mining companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and

other value chain stakeholders in the global Marine Mining market to obtain the overall market size from 2014 to 2018, which was validated by the

Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2014-

2018.

Page 16: Marine Mining Market Size, Share & Forecast 2025

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Research Methodology

• Respondents were asked about the current and future market growth rates, market shares by technology, by metal, by region and by company.

Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments

were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other

stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by technology, by metal, by region and by company were calculated based on the responses received through primary surveys with

industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of marine mining

market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the

outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global Marine

Mining market , TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

Page 17: Marine Mining Market Size, Share & Forecast 2025

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Research Methodology

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),

with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Keppel Corporation Limited

▪ China Minmetals Corporation

▪ Diamond Fields Resources Inc.

▪ Royal IHC

▪ UK Seabed Resources Ltd.

▪ Nautilus Minerals Inc.

▪ Neptune Minerals, Inc

▪ Ocean Minerals, LLC

▪ Soil Machine Dynamics Ltd.

▪ Deep Green Metals Inc.

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

Page 18: Marine Mining Market Size, Share & Forecast 2025

18

Industry Brief

According to TechSci Research report, “Global Marine Mining Market By Technology, By Metal, By Region, Competition, Forecast & Opportunities,

2024”, the global marine mining market is expected to grow at a CAGR of around 30% during the forecast period. The marine mining market is

witnessing robust growth on account of growing demand for durable goods and precious metals such as gold, silver and platinum. However, rising

environmental concerns and stringent government rules associated with seabed exploration are likely to pose a challenge to the market players during

forecast period.

The global marine mining market is segmented based on technology, metal, region and company. Based on technology, the market can be categorized

into Remotely Operated Vehicles [ROVs], SONAR, Marine Seismic Methods. The remotely operated vehicles [ROVs] segment dominates the market

owing to their use in ocean exploration studies and other scientific purposes. Based on metals, the market can be segmented into Silver, Gold, Copper,

Zinc & Others. The Gold segmented is projected to register the highest CAGR during the forecast period attributable to the use of gold in jewellery

making, in watches, in dentistry & medicine, among others.

China Minmetals Corporation, UK Seabed Resources Ltd., Diamond Fields Resources Inc., Keppel Corporation Limited, Nautilus Minerals Inc.,

Neptune Minerals, Inc, Ocean Minerals, LLC, Soil Machine Dynamics Ltd., Royal IHC, Deep Green Metals Inc., etc., are some of the leading players

operating in global marine mining market. “Asia Pacific is expected to be the largest market during the forecast period, owing to the increase in demand

from the construction, shipbuilding and electronics industry. Moreover, the bounteous accessibility of gold, copper, and different metals in the seaward

islands of Australia is drawing in numerous marine mining hardware makers to deploy their resources in the region.” said Mr. Karan Chechi, Research

Director with TechSci Research, a research based global management consulting firm.

Page 19: Marine Mining Market Size, Share & Forecast 2025

19

Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2014 2018 2019E 2024F

2014

2018 2019E

2024F

Global Marine Mining Market Size, By Value (USD Million), 2014–2024F

CAGR By Value:

XX%CAGR By Value:

YY%

33%33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

34%34%

34%

34%

34%

34%

34%

34%

34%

34%

34%

33%33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

2024F

Remotely Operated Vehicles [ROVs] SONAR Marine Seismic Methods

Europe Marine Mining Market Share, By Technology, By Value, 2014–2024F

Germany Marine Mining Market Share, By Metal, By Value, 2014–2024F

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

2024F

Silver Gold Copper Zinc Others

Page 20: Marine Mining Market Size, Share & Forecast 2025

20

Report Ordering

Report Name: GLOBAL MARINE MINING MARKET

FORECAST & OPPORTUNITIES2014 – 2024

To View Sample OR Purchase Report

License Type Price

Single User License $4450

Multi-User License $5450

Custom Research License $9450

Page 21: Marine Mining Market Size, Share & Forecast 2025

About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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