Press release
LARS for Underwater Equipment Market to Hit USD 2552 Million by 2031 | Growth Driven by Offshore Exploration & Naval Demand
LARS for Underwater Equipment Market SizeThe global market for LARS for Underwater Equipment was valued at US$ 1600 million in the year 2024 and is projected to reach a revised size of US$ 2552 million by 2031, growing at a CAGR of 6.9% during the forecast period.
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North American market for LARS for Underwater Equipment is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for LARS for Underwater Equipment is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of LARS for Underwater Equipment include Macgregor, Kongsberg Maritime, DECK Marine Systems, Res Marina, NOV, Hawboldt Industries, Okeanus, DESMI Ro-Clean, Unique Group, iSubC Diving Equipment, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
By Type
• Overhead Mounted
• Sliding Tracked
By Application
• ROV
• AUV
• Trencher
• Towed Subsea Vehicle
Key Companies
Macgregor, Kongsberg Maritime, DECK Marine Systems, Res Marina, NOV, Hawboldt Industries, Okeanus, DESMI Ro-Clean, Unique Group, iSubC Diving Equipment, Bell Fluidtechnics, Ducmarine Group, DMT Marine Equipment, JFD, Global Davit GmbH, SMP, OEG Energy Group (Hughes Subsea), Saab Seaeye, Vestdavit, Yantai Jereh Petroleum Equipment & Technologies
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