Press release
Global Remotely Operated Vehicle (ROV) market anticipated to reach USD $4.08 billion by 2032, growing by 6.2% annually over 2022-2032
Remotely Operated Vehicle
The global remotely operated vehicle (ROV) market is anticipated to reach USD $4.08 billion by 2032, rising at a CAGR % by 6.2% annually from 2022 to 2032. The market is expected to be mainly driven by the rising adoption of ROVs in various industry verticals, the growing expenses on oil and gas exploration as well as the increasing naval operations, the technological advancements and innovation, and the growing R&D investment along with government supports. By fleet in operation, the global total units will grow by 8.6% yearly from 2022-2032.
The report is mainly highlighted with 92 tables and 119 figures, this 210-page & is based on a comprehensive research of the entire global remotely operated vehicle (ROV) market and all its sub-segments through extensively detailed classifications. Detailed investigation and analysis are derived from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
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The report includes qualitative analyses include identification and investigation of the following aspects:
• Market Overview (Market drivers, restraints, opportunities & threats)
• Growth Drivers
• Market Share
• SWOT
• Porter's Fiver Forces
• Suppliers
• Distributors
• Key Customers
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The report is used to quantify global remotely operated vehicle (ROV) market in every aspect of the classification from perspectives of Component, Category, Vehicle Type, Propulsion System, Working Depth, Industry Vertical, Application, and Region.
Based on Component, the global market is segmented into the following sub-markets with annual revenue (USD$ million) for 2022-2032 included in each section.
• Hardware
o Imaging System
o Sensors and Automation System
o Steering and Positioning System
o Navigation System
o Energy and Propulsion System
o Other Hardware
• Solutions & Services
Based on Category, the global market is segmented into the following sub-markets with annual revenue (USD$ million) for 2022-2032 included in each section.
• ROV New Builds
• ROV Upgrade & Operation
By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue (USD$ million) and fleet in operation (units) for 2022-2032 included in each section.
• Observation Vehicle
• Light Work Class Vehicle
• Medium Work Class Vehicle
• Heavy Work Class Vehicle
• Towed and Bottom-Crawling Vehicle
By Propulsion System, the global market is segmented into the following sub-markets with annual revenue (USD$ million) and fleet in operation (units) for 2022-2032 included in each section.
• Hydraulic Systems
• Electric Systems
• Other Propulsion Systems
By Working Depth, the global market is segmented into the following sub-markets with annual revenue (USD$ million) for 2022-2032 included in each section.
• Shallow Water
• Deepwater
• Ultra-Deepwater
By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue (USD$ million) for 2022-2032 included in each section.
• Oil & Gas Industry
• Military & Defense
• Scientific Research
• Other Industry Verticals
By Application, the global market is segmented into the following sub-markets with annual revenue (USD$ million) for 2022-2032 included in each section.
• Drilling Support
• Construction Support
• Inspection, Repair and Maintenance (IRM)
• Subsea Engineering Services (SES)
• Other Applications
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Norway, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Italy, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) and fleet in operation (units) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Vehicle Type, Industry Vertical, and Application over the forecast years are also included.
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The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Bourbon
C-Innovation
DeepOcean AS
DOF Subsea AS
Forum Energy Technologies
Fugro Subsea Services Ltd.
Hallin Marine
Harkand Andrews Survey
Helix Energy Solutions Group Inc.
i-Tech (Subsea 7)
KystDesign
Oceaneering International Inc.
Perry Slingsby Systems
SAAB
Saipem SpA
SchillingRobotics
SMD
TechnipFMC PLC
Teledyne Technologies Incorporated
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