Market Overview:
The global offshore remote operated vehicle (ROV) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ROVs from the oil and gas industry for drilling support, construction support, offshore inspection, and other applications. Additionally, the growing demand for ROVs from countries in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. However, factors such as high initial cost and lack of skilled labor are restraining the growth of this market. The global offshore remote operated vehicle (ROV) market can be segmented on the basis of type into max depth below 3000m, max depth 3000m-4000m, and max depth above 4000m segments. The max depth below 3000m segment is expected to account for a major share of this market during the forecast period owing to its low cost and easy operability across different water depths.
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Product Definition:
An offshore remote operated vehicle (ROV) is a type of submersible craft used to examine and maintain submerged structures, pipelines, or other objects in offshore areas. ROVs are typically equipped with cameras, lights, and tools for performing various tasks underwater.
Max Depth Beolw 3000m:
Max depth beolw 3000m is a new type of deep-sea drilling equipment that can drill up to 6,000 meters below the surface of the sea. It was invented by a Chinese scientist named Dr. Maarten Evers in 2000, who patented the technology in China and then again in 2003 on the basis of Dutch nationality.
Max Depth 3000m-4000m:
The Max Depth 3000-4000m is the new generation of ROV, which can operate at a depth of 3000- 4000 meters. It has an advantage over other types as it can be used in both offshore and onshore locations.
Application Insights:
The offshore inspection application segment led the global ROV market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of autonomous underwater vehicles (AUVs) for oil and gas exploration, which offer cost-effective solutions while detecting anomalies on the seabed.
Rising demand for deepwater drilling rigs has resulted in an increased number of offshore projects across Latin America, Asia Pacific and Africa regions. This trend is expected to drive growth over the forecast period as these platforms require constant monitoring & maintenance activities during its lifespan, thereby offering potential opportunities for remote operated vehicles services across various applications such as construction support & inspection along withdrilling support operations.
Regional Analysis:
North America dominated the global offshore ROV market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing exploration and production activities coupled with growing offshore drilling projects across U.S., Canada, and Mexico for oil sands development, shale gas exploration, and deepwater explorations respectively.
Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 owing to rising government initiatives for marine energy installation across various countries such as India, China, South Korea etc.
Europe accounted second largest share after North America due to increased spending on marine energy infrastructure by countries such as UK.
Growth Factors:
- Increasing demand for oil and gas due to growing population and industrialization
- Rising investment in offshore exploration and production
- Proliferation of ROVs across new applications such as defense, marine research, etc.
- Technological advancements in ROVs that improve performance and efficiency
- Growing awareness about the benefits of using ROVs for various underwater operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Remote Operated Vehicle (ROV) Market Research Report
By Type
Max Depth Beolw 3000m, Max Depth 3000m-4000m, Max Depth Above 4000m
By Application
Drilling Support, Construction Support, Offshore Inspection, Others
By Companies
Forum Energy Technologies, Oceaneering, TechnipFMC plc, Saab Seaeye Limited, IKM, Saipem, ECA, SMD, L3 Calzoni, Deep Ocean Engineering, Inc., Forum Energy Technologies, Argus Remote Systems
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Remote Operated Vehicle (ROV) Market Report Segments:
The global Offshore Remote Operated Vehicle (ROV) market is segmented on the basis of:
Types
Max Depth Beolw 3000m, Max Depth 3000m-4000m, Max Depth Above 4000m
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
Drilling Support, Construction Support, Offshore Inspection, 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:
- Forum Energy Technologies
- Oceaneering
- TechnipFMC plc
- Saab Seaeye Limited
- IKM
- Saipem
- ECA
- SMD
- L3 Calzoni
- Deep Ocean Engineering, Inc.
- Forum Energy Technologies
- Argus Remote Systems
 Market Overview.svg)
Highlights of The Offshore Remote Operated Vehicle (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:
- Max Depth Beolw 3000m
- Max Depth 3000m-4000m
- Max Depth Above 4000m
- By Application:
- Drilling Support
- Construction Support
- Offshore Inspection
- 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 Offshore Remote Operated Vehicle (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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Offshore Remote Operated Vehicle (ROV) is a type of underwater vehicle that can be controlled from a distance. ROVs are used for inspection, maintenance, and exploration in difficult-to-access areas.
Some of the major players in the offshore remote operated vehicle (rov) market are Forum Energy Technologies, Oceaneering, TechnipFMC plc, Saab Seaeye Limited, IKM, Saipem, ECA, SMD, L3 Calzoni, Deep Ocean Engineering, Inc., Forum Energy Technologies, Argus Remote Systems.
The offshore remote operated vehicle (rov) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Remote Operated Vehicle (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 Offshore Remote Operated Vehicle (ROV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Offshore Remote Operated Vehicle (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 Offshore Remote Operated Vehicle (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 Offshore Remote Operated Vehicle (ROV) Market Size & Forecast, 2018-2028
4.5.1 Offshore Remote Operated Vehicle (ROV) Market Size and Y-o-Y Growth
4.5.2 Offshore Remote Operated Vehicle (ROV) Market Absolute $ Opportunity
Chapter 5 Global Offshore Remote Operated Vehicle (ROV) 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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Type
5.2.1 Max Depth Beolw 3000m
5.2.2 Max Depth 3000m-4000m
5.2.3 Max Depth Above 4000m
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Offshore Remote Operated Vehicle (ROV) 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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Applications
6.2.1 Drilling Support
6.2.2 Construction Support
6.2.3 Offshore Inspection
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Remote Operated Vehicle (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 Offshore Remote Operated Vehicle (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 Offshore Remote Operated Vehicle (ROV) Analysis and Forecast
9.1 Introduction
9.2 North America Offshore Remote Operated Vehicle (ROV) 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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Type
9.6.1 Max Depth Beolw 3000m
9.6.2 Max Depth 3000m-4000m
9.6.3 Max Depth Above 4000m
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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Applications
9.10.1 Drilling Support
9.10.2 Construction Support
9.10.3 Offshore Inspection
9.10.4 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 Offshore Remote Operated Vehicle (ROV) Analysis and Forecast
10.1 Introduction
10.2 Europe Offshore Remote Operated Vehicle (ROV) 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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Type
10.6.1 Max Depth Beolw 3000m
10.6.2 Max Depth 3000m-4000m
10.6.3 Max Depth Above 4000m
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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Applications
10.10.1 Drilling Support
10.10.2 Construction Support
10.10.3 Offshore Inspection
10.10.4 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 Offshore Remote Operated Vehicle (ROV) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Offshore Remote Operated Vehicle (ROV) 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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Type
11.6.1 Max Depth Beolw 3000m
11.6.2 Max Depth 3000m-4000m
11.6.3 Max Depth Above 4000m
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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Applications
11.10.1 Drilling Support
11.10.2 Construction Support
11.10.3 Offshore Inspection
11.10.4 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 Offshore Remote Operated Vehicle (ROV) Analysis and Forecast
12.1 Introduction
12.2 Latin America Offshore Remote Operated Vehicle (ROV) 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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Type
12.6.1 Max Depth Beolw 3000m
12.6.2 Max Depth 3000m-4000m
12.6.3 Max Depth Above 4000m
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 Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Applications
12.10.1 Drilling Support
12.10.2 Construction Support
12.10.3 Offshore Inspection
12.10.4 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) Offshore Remote Operated Vehicle (ROV) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Offshore Remote Operated Vehicle (ROV) 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) Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Type
13.6.1 Max Depth Beolw 3000m
13.6.2 Max Depth 3000m-4000m
13.6.3 Max Depth Above 4000m
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) Offshore Remote Operated Vehicle (ROV) Market Size Forecast by Applications
13.10.1 Drilling Support
13.10.2 Construction Support
13.10.3 Offshore Inspection
13.10.4 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 Offshore Remote Operated Vehicle (ROV) Market: Competitive Dashboard
14.2 Global Offshore Remote Operated Vehicle (ROV) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Forum Energy Technologies
14.3.2 Oceaneering
14.3.3 TechnipFMC plc
14.3.4 Saab Seaeye Limited
14.3.5 IKM
14.3.6 Saipem
14.3.7 ECA
14.3.8 SMD
14.3.9 L3 Calzoni
14.3.10 Deep Ocean Engineering, Inc.
14.3.11 Forum Energy Technologies
14.3.12 Argus Remote Systems
