Offshore AUV & ROV Market is Booming Across the Globe by Share, Size, Growth, Segments and Forecast 2021-2027 | Subsea 7 Inc., SAAB AB, Fugro NV, Ocean Engineering Ltd

The “Global Offshore AUV & ROV Market ″ analysis to 2027 is a specialized and in-depth study of the industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Offshore AUV & ROV market with detailed market segmentation by type, application, and geography. The global Offshore AUV & ROV market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The analysts forecast the global Offshore AUV & ROV market to grow at a CAGR of 19.89% during the period 2021- 2027.

The numerical data is backed up by statistical tools such as SWOT analysis, BCG (Boston Consulting Group) matrix, SCOT analysis (Strengths, Challenges, Opportunities, and Threats.), PESTLE analysis, and so on. The statistics are represented in graphical format for a clear understanding of facts and figures

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By Company:

Subsea 7 Inc., SAAB AB, Fugro NV, Ocean Engineering Ltd., Bluefin Robotics, , Kongsberg Maritime, Teledyne Technologies LLC, BIRNS, INC., International Submarine Engineering, Schilling Robotics LLC

Key Market Trends

Increasing Demand from Oil and Gas Sector

The oil and gas sector is expected to maintain its dominance in the market studied over the forecast period. ROVs are widely used across all phases of the offshore oilfield life cycle. They are also used for offshore drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.
However, the AUV market in the oil and gas industry is in its initial stages but is experiencing growing demand. Therefore, for AUVs, the oil and gas industry is expected to be the biggest growth driver during the forecast period.
As of 2018, the majority of deepwater or ultra-deepwater production has taken place in four countries: Brazil, the United States, Angola, and Norway. Brazil is a world leader in the development of deepwater and ultra-deepwater projects. 

Segment by Type:

Oil & Gas

Commercial

Defense

Scientific Research

Others

Segment by Application:

Offshore AUV & ROV

Regional Analysis of Global Offshore AUV & ROV Market

North America to Dominate the Market

The offshore oil and gas projects in North America are becoming more competitive, owing to improved efficiencies and tightening of the supply chain, leading to declining offshore drilling costs. For example, before 2014, a deepwater well in the Gulf of Mexico used to cost about USD 200 million to drill. As of 2017, drilling a deepwater well in the same region costs between USD 10 – 50 million.
As a result of higher oil prices and declining drilling cost, the offshore rig count and the offshore oil production in the United States have increased significantly, indicating growth not only in offshore drilling but also in production activity. This, in turn, is expected to be the major driver for the AUV & ROV market.

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Below are some of the silent features of the report:

- In-depth analysis of global market potential and risk.

- Ongoing research and big events on the Offshore AUV & ROV market.

- In-depth scrutiny of plans to expand the market for industry-leading players.

- Crucial research on the development path of the Offshore AUV & ROV market in the coming years.

- In-depth knowledge of the industry with specific drivers, limitations, and global micro markets.

- The positive sentiment of the current dynamics in technology and industry is influencing the Offshore AUV & ROV market.

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Some Points from Table of Content

1 Report Overview

2 Global Offshore AUV & ROV Growth Trends

2.1 Global Offshore AUV & ROV Market Perspective (2016-2027)

2.2 Offshore AUV & ROV Growth Trends by Regions

2.2.1 Market Size by Regions: 2016 VS 2021 VS 2027

2.2.2 Offshore AUV & ROV Historic Market Share by Regions (2016-2021)

2.2.3 Offshore AUV & ROV Forecasted Market Size by Regions (2022-2027)

2.3 Offshore AUV & ROV Industry Dynamic

2.3.1 Market Trends

2.3.2 Market Drivers

2.3.3 Market Challenges

2.3.4 Market Restraints

3 Competition Landscape by Offshore AUV & ROV Market Key Players

3.1 Global Top Offshore AUV & ROV Players by Revenue

3.1.1 Global Top Players by Revenue (2015-2021)

3.1.2 Global Revenue Market Share by Players (2015-2021)

3.2 Global Market Share by Company Type

3.3 Players Covered: Ranking by Revenue

3.4 Global Offshore AUV & ROV Market Concentration Ratio

3.5 Key Players Head office and Area Served

3.6 Key Players Product Solution and Service

3.7 Date of entering into Market

3.8 Mergers & Acquisitions, Expansion Plans

4 Offshore AUV & ROV Breakdown Data by Type

4.1 Historic Market Size by Type (2016-2021)

4.2 Forecasted Market Size by Type (2022-2027)

5 Offshore AUV & ROV Breakdown Data by Application

5.1 Historic Market Size by Application (2016-2021)

5.2 Forecasted Market Size by Application (2021-2027)

6 Key Players Profiles

7 Analyst's Viewpoints/Conclusions

8 Appendix

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