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Real-time computer vision and remote visual sensing platforms are increasingly used in numerous underwater applications such as shipwreck mapping, subsea inspection, coastal water monitoring, surveillance, coral reef surveying, invasive fish tracking, and more. Recent advancements in robot vision and powerful single-board computers have paved the way for an imminent revolution in the next generation of subsea technologies. In this chapter, we present these exciting emerging applications and discuss relevant open problems and practical considerations. First, we delineate the specific environmental and operational challenges of underwater vision and highlight some prominent scientific and engineering solutions to ensure robust visual perception. We specifically focus on the characteristics of underwater light propagation from the perspective of image formation and photometry. We also discuss the recent developments and trends in underwater imaging literature to facilitate the restoration, enhancement, and filtering of inherently noisy visual data. Subsequently, we demonstrate how these ideas are extended and deployed in the perception pipelines of Autonomous Underwater Vehicles (AUVs) and Remotely Operated Vehicles (ROVs). In particular, we present several use cases for marine life monitoring and conservation, human-robot cooperative missions for inspecting submarine cables and archaeological sites, subsea structure or cave mapping, aquaculture, and marine ecology. We elaborately discuss how the deep visual learning and on-device AI breakthroughs are transforming the perception, planning, localization, and navigation capabilities of visually-guided underwater robots. Along this line, we also highlight the prospective future research directions and open problems at the intersection of computer vision and underwater robotics domains.