Market Overview:
The global AUV and ROV market is expected to grow from USD 7.02 billion in 2018 to USD 12.06 billion by 2030, at a CAGR of 6.92% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for AUVs and ROVs in oil and gas applications, rising maritime security concerns, and increasing investments in offshore exploration activities.
Product Definition:
ROV: a remotely operated underwater vehicle, typically equipped with cameras and sensors, that is used to explore the ocean depths or inspect pipelines.
AUV:
Autonomous Underwater Vehicle (AUV) is a robotic device that can swim and explore under water without human intervention. AUVs are used for various applications such as monitoring, exploration, testing and others. AUVs have been in use since the 70s but with continuous development they have reached their present state.
ROV:
ROV (Remotely Operated Vehicle) is a type of unmanned underwater vehicle used for inspection and other activities in deep water, coastal, and Great Lake areas. It is designed to operate without a human on board apart from the operator controlling it from a distance using wireless communication. ROVs are autonomous or semi-autonomous robots that can be programmed to carry out repetitive tasks at set intervals.
Application Insights:
The oil and gas segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the rising demand for energy and petroleum products across the globe. Furthermore, technological advancements such as increased battery power along with wireless connectivity are expected to drive demand over the forecast period.
Rising use of autonomous underwater vehicles (AUVs) for inspection, mapping, sampling & monitoring is anticipated to fuel product demand over the forecast period. AUVs offer real-time data on a screen that looks similar to a monitor which enables an operator onshore station access real-time video feed from an underwater vehicle (UUV). This technology has enabled remote operations that were not possible before due to technological limitations imposed by distance or communication latency between operators and UUV/sensor stations located at different depths below water surface.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in offshore activities, coupled with rising demand for oil and gas exploration across emerging economies such as China, India, Indonesia, Vietnam among others. In addition, growing industrialization along with rapid urbanization has led to an increase in water-related infrastructure requirements which is further anticipated to fuel market growth over the coming years.
North America was valued at USD X million in 2017 owing to high R&D investments by government agencies along with technological advancements made by companies operating within the region.
Growth Factors:
- Increasing demand for energy and resources: The global population is growing at a rapid pace, which is resulting in an increased demand for energy and resources. This is driving the need for more efficient and effective methods of extracting these resources, which is benefiting the AUV and ROV market.
- Rising investment in offshore oil & gas exploration: Offshore oil & gas exploration is becoming increasingly popular due to the discovery of new reserves in deepwater and ultra-deepwater areas. This is fueling growth in the AUV and ROV market as these vehicles are essential for performing underwater surveys and inspections.
- Proliferation of unmanned maritime systems: Unmanned maritime systems (UMS) are playing a key role in enhancing safety, efficiency, and productivity across various industries such as defense, commercial shipping, port operations etcetera . This is benefiting the AUV and ROV market as UMS are often used to deploy or recover AUVs/ROVs from water bodies.
Scope Of The Report
Report Attributes
Report Details
Report Title
AUV and ROV Market Research Report
By Type
AUV, ROV
By Application
Oil and Gas, Defence, Others
By Companies
BAE Systems, Columbia Group, Kongsberg Maritime as, Teledyne Gavia EHF., Bluefin Robotics Corporation, ECA Group, Saab Group, Fugro N.V., Atlas Elekronik Group GmbH, Oceanserver Technology, Boston Engineering Corporation, International Submarine Engineering (ISE) Ltd, Lockheed Martin, Deep Trekker, VideoRay, MarineNav, AC-CESS, Subsea Tech, CISCREA, Outland Technology, Ocean Modules Sweden, Seabotix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global AUV and ROV Market Report Segments:
The global AUV and ROV market is segmented on the basis of:
Types
AUV, ROV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Defence, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BAE Systems
- Columbia Group
- Kongsberg Maritime as
- Teledyne Gavia EHF.
- Bluefin Robotics Corporation
- ECA Group
- Saab Group
- Fugro N.V.
- Atlas Elekronik Group GmbH
- Oceanserver Technology
- Boston Engineering Corporation
- International Submarine Engineering (ISE) Ltd
- Lockheed Martin
- Deep Trekker
- VideoRay
- MarineNav
- AC-CESS
- Subsea Tech
- CISCREA
- Outland Technology
- Ocean Modules Sweden
- Seabotix
Highlights of The AUV and ROV Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AUV
- ROV
- By Application:
- Oil and Gas
- Defence
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AUV and ROV Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AUV and ROV are autonomous underwater vehicles.
Some of the major players in the auv and rov market are BAE Systems, Columbia Group, Kongsberg Maritime as, Teledyne Gavia EHF., Bluefin Robotics Corporation, ECA Group, Saab Group, Fugro N.V., Atlas Elekronik Group GmbH, Oceanserver Technology, Boston Engineering Corporation, International Submarine Engineering (ISE) Ltd, Lockheed Martin, Deep Trekker, VideoRay, MarineNav, AC-CESS, Subsea Tech, CISCREA, Outland Technology, Ocean Modules Sweden, Seabotix.
The auv and rov market is expected to grow at a compound annual growth rate of 6.92%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AUV and ROV Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AUV and ROV Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AUV and ROV Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AUV and ROV Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AUV and ROV Market Size & Forecast, 2020-2028
4.5.1 AUV and ROV Market Size and Y-o-Y Growth
4.5.2 AUV and ROV Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AUV
5.2.2 ROV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Defence
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AUV and ROV Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AUV and ROV Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AUV
9.6.2 ROV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Defence
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AUV
10.6.2 ROV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Defence
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AUV
11.6.2 ROV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Defence
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AUV
12.6.2 ROV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Defence
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AUV
13.6.2 ROV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Defence
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AUV and ROV Market: Competitive Dashboard
14.2 Global AUV and ROV Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems
14.3.2 Columbia Group
14.3.3 Kongsberg Maritime as
14.3.4 Teledyne Gavia EHF.
14.3.5 Bluefin Robotics Corporation
14.3.6 ECA Group
14.3.7 Saab Group
14.3.8 Fugro N.V.
14.3.9 Atlas Elekronik Group GmbH
14.3.10 Oceanserver Technology
14.3.11 Boston Engineering Corporation
14.3.12 International Submarine Engineering (ISE) Ltd
14.3.13 Lockheed Martin
14.3.14 Deep Trekker
14.3.15 VideoRay
14.3.16 MarineNav
14.3.17 AC-CESS
14.3.18 Subsea Tech
14.3.19 CISCREA
14.3.20 Outland Technology
14.3.21 Ocean Modules Sweden
14.3.22 Seabotix
