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The marine mining market size is forecast to increase by USD 8.25 billion at a CAGR of 33.98% between 2023 and 2028. The market is experiencing significant growth due to the depletion of terrestrial deposits and the increasing demand for resources used in the production of green technologies, such as underwater mining for marine phosphate and sand. The advantages of marine mining include access to vast deposits and reduced environmental impact compared to terrestrial mining. However, there are also disadvantages, including the high cost of underwater mining operations and the potential for negative environmental impacts. One trend driving the market is the growing focus on energy transition and renewable technologies, which require an increasing amount of raw materials. For instance, the production of smartphones, wind turbines, solar panels, and electric storage batteries relies heavily on minerals obtained from the seabed. Advancements in marine mining technologies, such as autonomous underwater vehicles and remote-operated mining systems, are helping to mitigate the environmental impact of these operations.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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