Press release
ROV Market to Reach USD 3.2 Billion by 2030, Say Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report scope covers class type, depth type, application type, and regional segmentation, offering strategic insights for manufacturers, OEMs, investors, and service providers to align product development and investment strategies with evolving subsea market dynamics.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/3760/rov-market.html#form
Market Statistics
• Market size (2023): USD 2.3 billion
• Forecast value (2030): USD 3.2 billion
• CAGR (2024-2030): 4.3 %
• Forecast period: 2024-2030
• Base year: 2023
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Class Type
• Work Class
• Observation Class
By Depth Type
• Less than 1,000m
• 1,000-4,000m
• More than 4,000m
By Application Type
• Vessel Based
• Offshore Wind Energy
• Hydrography
• Defense
• Others
• Drill Support
By Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Norway, The UK, France, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: Australia, China, Japan, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Africa, and Others)
In the class type segmentation, work class ROVs are dominant because their heavy-duty capabilities, payload capacity, and suitability for complex subsea operations make them indispensable for offshore energy and infrastructure tasks, shaping supplier focus on high-performance systems. Observation class ROVs remain essential for visual surveys and light interventions, broadening portfolio requirements for OEMs targeting varied operational needs.
For depth type, less than 1,000 m remains the prevailing segment driven by the high volume of offshore activities such as shallow subsea maintenance, construction support, and inspection tasks in continental shelf regions. The 1,000 - 4,000 m category is the fastest growing as deeper offshore exploration and renewable installations expand, prompting strategic investments in deeper-rated ROV technologies and enhanced support services.
Within application type, vessel-based ROV services - particularly offshore wind energy - lead and grow fastest due to rising investments in offshore wind farms and corresponding inspection and support operations. Drill support services continue to contribute but hold a smaller share, indicating strategic emphasis on diversified subsea applications beyond traditional hydrocarbon support.
In regional insights, North America is the dominant market for ROV services, supported by extensive offshore rig counts, advanced subsea technology deployment, and robust energy development activities that anchor regional demand strength. Asia-Pacific is the fastest-growing region, propelled by expanding offshore exploration and production in markets like China, Japan, and India, combined with renewable project growth and infrastructure investments that widen ROV utilization.
Market Drivers
• Increasing offshore wind energy installations driving demand for subsea inspection and support ROVs.
• Rising offshore energy projects requiring advanced ROV capabilities for construction and maintenance.
• Growing worldwide offshore rig counts expanding operational opportunities for ROV service providers.
• Expansion of offshore exploration & production activities enhancing long-term subsea equipment demand.
• Technological expansion improving ROV efficiency, data acquisition, and operational reliability.
Top Companies in the Market
• Oceaneering International
• Subsea 7
• DOF Subsea
• Fugro
• C-Innovation
• Helix Energy Solutions Group
1. What is the current valuation and future forecast for the ROV market ?
The ROV market was valued at USD 2.3 billion in 2023 and is forecast to reach USD 3.2 billion by 2030 at a CAGR of 4.3 %, reflecting steady demand from offshore energy and subsea infrastructure sectors.
2. Why is the ROV market growing in offshore energy sectors ?
Growth is driven by increasing offshore wind energy installations and rising offshore oil and gas projects, which require inspection, maintenance, and support capabilities that ROVs provide more safely and efficiently than human divers.
3. Which ROV segments lead demand by class and depth ?
Work class ROVs dominate due to their robust operational capabilities, while less than 1,000m depth segment leads given the volume of shallow offshore activities, with deeper depth categories expanding as exploration moves offshore.
4. How does regional demand differ in the ROV market?
North America leads due to extensive offshore rig operations and technological advancements, while Asia-Pacific is the fastest growing region supported by offshore exploration growth and renewable energy infrastructure development.
5. What should ROV service providers plan for future investment ?
Service providers should focus on technologies that support deeper water operations and vessel-based applications, and align offerings with offshore wind and energy infrastructure growth to capture emerging market opportunities.
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https://www.omaada.com/blogs/265384/Distributed-Buoyancy-Modules-Market-Trends-and-Growth-Drivers
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https://payrchat.com/blogs/39887/ev-busbar-market-stratview-research
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https://community.wongcw.com/blogs/1184433/High-Purity-Silane-Gas-Market-Study-and-Insights
European Concrete Fiber Market:
https://logcla.com/blogs/1063463/Rising-Demand-Drives-European-Concrete-Fiber-Market
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https://scrapbox.io/GroundTacticalRadioMkt/Strong_Growth_Forecast_for_the_Ground_Tactical_Radio_Market
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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