Worldwide Remotely Operated Vehicle Industry - The Market is Anticipated to Grow at a CAGR of 10.62% Between 2020 to 2027
DUBLIN, Nov. 6, 2020 /PRNewswire/ -- The "Global Remotely Operated Vehicle Market Outlook 2027" report has been added to ResearchAndMarkets.com's offering.
Remotely operated vehicles (ROV) are devices which are connected through a cable and can be remotely operated underwater for various applications in industries such as oil and gas, military & defense, and scientific research. The remotely operated vehicle market held a significant market value of about 2,099 million in the year 2018. The market is further anticipated to grow at a CAGR of around 10.62% over the forecast period, i.e., 2020-2027. This can be primarily attributed to the growing expenses on oil and gas exploration as well as the increasing naval operations, across the globe. This underwater vehicle is mainly used to collect various forms of data and for communication or information transfer and is similar to a robotic device fitted with different sampling tools, sensors, and cables.
The market is segmented by category, by end user industry, by system component, by propulsion system, by application and by region. On the basis of category, the market is segmented into observation vehicle, light work class vehicle, medium work class vehicle, heavy work class vehicle and towel & bowel crawling vehicle. The segment for observation vehicle is anticipated to witness the highest growth over the forecast period on account of rising underwater observation operations performed by the naval forces and oil and gas enterprises for better surveillance, security, and inspection purposes.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The remotely operated vehicle market in North America is projected to reach a value of USD 2,344.14 million by the end of 2027. This can be attributed to the increase in investments in the naval sector by the government entities in order to maintain the safety and security across the waters. The market in Europe is predicted to hold the second largest share in the market on account of rising technological advancements in the region.
Some of the key industry leaders in the global remotely operated vehicle (ROV) market are Oceaneering International, Inc., Fugro, Saab AB, TechnipFMC plc, SUBSEA 7, Teledyne Technologies Incorporated, DOF ASA, Total Marine Technology and Helix Energy.
Key Topics Covered:
Global Remotely Operated Vehicle (ROV) Market
1. Introduction
- Market Definition
- Market Segmentation
- Product Overview
2. Assumptions And Acronyms
3. Research Methodology
- Research Process
- Secondary Research
- Primary Research
- Market Size Estimation
4. Executive Summary - Global Remotely Operated Vehicle (ROV) Market
5. Regulatory & Technical Landscape
6. Analysis Of Market Dynamics
6.1. Growth Drivers
6.2. Key Trends
- Implementation Of 3d Printing
- Growing Investments On Increasing Naval Situational Awareness
- Surging Demand In The Oil & Gas Industry
- Rising Expenses By The Government & Private Enterprises
7. Key Market Opportunities
8. Major Roadblocks For The Market Growth
9. Industry Risk Analysis
- Demand Risk Analysis
- Supply Risk Analysis
10. Average Pricing Analysis
- By Region
- By Rov Category
11. Global Remotely Operated Vehicle (Rov) Market Outlook
11.1. Market Size And Forecast, 2018-2027f
- Market Overview
- By Value (Usd Million)
- By Volume (Units)
11.2. Global Remotely Operated Vehicle (Rov) Market Segmentation, 2018-2027f
- By End User Industry
- Oil & Gas, 2018-2027f (Usd Million)
- Drilling Support, 2018-2027f (Usd Million)
- Construction Support, 2018-2027f (Usd Million)
- Inspection, Repair, & Maintenance, 2018-2027f (Usd Million)
- Military & Defense, 2018-2027f (Usd Million)
- Explosive Ordnance Disposal, 2018-2027f (Usd Million)
- Hull Inspections, 2018-2027f (Usd Million)
- Ballast Tank Inspections, 2018-2027f (Usd Million)
- Search & Rescue Operations, 2018-2027f (Usd Million)
- Scientific Research, 2018-2027f (Usd Million)
- By Category
- Observation Vehicle, 2018-2027f (Usd Million)
- Light Work Class Vehicle, 2018-2027f (Usd Million)
- Medium Work Class Vehicle, 2018-2027f (Usd Million)
- Heavy Work Class Vehicle, 2018-2027f (Usd Million)
- Towed & Bottom Crawling Vehicle, 2018-2027f (Usd Million)
- By Application
- Shallow Water, 2018-2027f (Usd Million)
- Deep Water, 2018-2027f (Usd Million)
- Ultra Deep Water, 2018-2027f (Usd Million)
- By Propulsion System
- Hydraulic System, 2018-2027f (Usd Million)
- Electric System, 2018-2027f (Usd Million)
- By System Component
- Electronics & Control Systems, 2018-2027f (Usd Million)
- Umbilical Cables, 2018-2027f (Usd Million)
- Tether Cables, 2018-2027f (Usd Million)
- Other Components, 2018-2027f (Usd Million)
- Energy & Propulsion System, 2018-2027f (Usd Million)
- Frame, 2018-2027f (Usd Million)
- Imaging & Lighting System, 2018-2027f (Usd Million)
- Sensors & Automation Systems, 2018-2027f (Usd Million)
- Steering & Positioning Systems, 2018-2027f (Usd Million)
- Other Components, 2018-2027f (Usd Million)
- By Regions
11.2.1.North America Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)
- Market Overview
- Market Size, 2018-2027f (Usd Million)
- Assessment Of Macroeconomic Factors
- By Market Segmentation
- By End User Industry
- By Category
- By Application
- By Propulsion System
- By System Component
- By Country
- US, 2018-2027f (Usd Million)
- By End User Industry
- By Category
- By Application
- By Propulsion System
- By System Component
- Canada, 2018-2027f (Usd Million)
- By End User Industry
- By Category
- By Application
- By System Component
11.2.2. Europe Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)
- Market Overview
- Market Size, 2018-2027f (Usd Million)
- Assessment Of Macroeconomic Factors
- By Market Segmentation
- By End User Industry
- By Category
- By Application
- By Propulsion System
- By System Component
- By Country
- UK, 2018-2027f (Usd Million)
- Germany, 2018-2027f (Usd Million)
- France, 2018-2027f (Usd Million)
- Italy, 2018-2027f (Usd Million)
- Spain, 2018-2027f (Usd Million)
- Russia, 2018-2027f (Usd Million)
- Rest Of Europe, 2018-2027f (Usd Million)
11.2.3. Asia Pacific Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)
- Market Overview
- Market Size, 2018-2027f (Usd Million)
- Assessment Of Macroeconomic Factors
- By Market Segmentation
- By End User Industry
- By Category
- By Application
- By Propulsion System
- By System Component
- By Country
- China, 2018-2027f (Usd Million)
- India, 2018-2027f (Usd Million)
- Japan, 2018-2027f (Usd Million)
- South Korea, 2018-2027f (Usd Million)
- Malaysia, 2018-2027f (Usd Million)
- Australia, 2018-2027f (Usd Million)
- Rest Of Asia Pacific, 2018-2027f (Usd Million)
11.2.4. Latin America Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)
- Market Overview
- Market Size, 2018-2027f (Usd Million)
- Assessment Of Macroeconomic Factors
- By Market Segmentation
- By End User Industry
- By Category
- By Application
- By Propulsion System
- By System Component
- By Country
11.2.5. Middle East & Africa Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)
- Market Overview
- Market Size, 2018-2027f (Usd Million)
- Assessment Of Macroeconomic Factors
- By Market Segmentation
- By End User Industry
- By Category
- By Application
- By Propulsion System
- By System Component
- By Country
- Israel, 2018-2027f (Usd Million)
- Saudi Arabia, 2018-2027f (Usd Million)
- Uae, 2018-2027f (Usd Million)
- South Africa, 2018-2027f (Usd Million)
- Rest Of Middle East & Africa, 2018-2027f (Usd Million)
12. Competitive Structure
12.1. Analysis Of Competitive Growth Strategies
12.2. Company Profiles
- Oceaneering International Inc
- Detailed Overview
- Assessment Of Key Product Offerings
- Key Collaborations And Joint Ventures
- Key Mergers And Acquisitions
- Recent News And Developments
- Exhaustive Analysis On Key Financial Indicators
- Fugro
- Saab Ab
- Technipfmc Plc
- Subsea 7
- Teledyne Technologies Incorporated.
- Dof Asa
- Total Marine Technology
- Helix Energy
12.3. List Of Umbilical Cable Manufacturers
12.4. List Of Tether Cable Manufacturers
13. Analyst's Review
Companies Mentioned
- Oceaneering International Inc.
- Fugro
- Saab AB
- TechnipFMC plc
- SUBSEA 7
- Teledyne Technologies Incorporated
- DOF ASA
- Total Marine Technology
- Helix Energy
For more information about this report visit https://www.researchandmarkets.com/r/chim39
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