Press release
Offshore AUV & ROV Market To Touch US$9117.01 Mn by 2025 | TMR
Among various applications, the AUVs are expected to register robust growth during 2016-2025. The rising demand for marine applications to navigate submerged terrains, and obstructions will drive growth. Moreover, marine applications to build sea-structures for clearing trade routes, construction of sea-structures to navigate rising sea levels, among others. Moreover, among private investment driven sectors, the growth of oil and gas industries and rising sea exploration activity will drive tremendous growth for the global offshore AUV and ROV market.
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Among regions, Middle East & Africa promise new growth opportunities. The regional market reached US$ 658.14 mn in 2016. The market is home to large oil companies, and rising investment to explore new natural gas reserves as well as for oil will drive robust growth in the global offshore AUV and ROV market..
Electric Propulsion Systems Promise New Opportunities for Growth
Based on propulsion system, the market is divided into electric systems, mechanical systems, and hybrid systems. Among these, the electric propulsion systems will witness highest growth during 2016-2025. Low emissions, low fuel usage, and low weight will drive robust growth for the segment.
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Additionally, the technological advancements in these systems have made way for smaller systems with more scope for improved imaging, while its reliability, and versality has also witnessed tremendous improvements.
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