Market Overview:
The Global Remotely Operated Vehicles Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for remotely operated vehicles in various applications such as drilling support, construction support, offshore inspection, and others. Additionally, the growing demand for remotely operated vehicles in North America and Europe is also contributing to the market growth.
Product Definition:
Remotely operated vehicles (ROVs) are robotic devices that are controlled by a human operator from a distance. They can be used for a variety of tasks, such as inspecting pipelines or performing repairs on offshore oil rigs. ROVs are important because they allow humans to interact with dangerous or difficult-to-reach environments without having to be there in person.
Max Depth
The global Max Depth is expected to grow at a CAGR of XX% in the remotely operated vehicles market. The growth can be attributed to the increasing demand for oil and gas exploration activities globally. Max depth is an important parameter used while drilling wells, as it helps determine if the well has reached its objective or not by determining a maximum penetration depth of the drill bit.
Max depth finds applications in both offshore.
Max Depth 3000m-4000m:
The Max Depth 3000-4000m is the depth range where the remotely operated vehicles can operate with a safety margin. The market size for remotely operated vehicles is expected to grow at a CAGR of XX% from 2016 to 2024.
Increasing demand for oil & gas exploration.
Application Insights:
The others application segment held the largest share of remote operated vehicles in 2017. This is due to its ability to carry out various operations such as inspection, exploration and maintenance at a depth of over 4000m. The offshore inspection application segment is expected to witness lucrative growth over the forecast period owing to its usage for inspecting pipelines and other structures located deep undersea.
Remotely operated vehicles are widely used across several industries including oil & gas, mining, energy & power generation, marine and others such as food & beverage processing and agriculture. In 2018-19 drilling support was the largest application with a revenue share of around 60% while offshore inspection accounted for around 30%. Growing demand from end-use industries coupled with increasing adoption by key industry participants such as Schlumberger Limited; Halliburton; Baker Hughes Inc.; National Oilwell Varco Inc.; TechnipFMC Co., Ltd.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing offshore drilling activities in countries such as China, India, and Australia. In addition, rising demand for oil & gas exploration activities in emerging economies of Asia Pacific region is anticipated to drive the market growth over the forecast period.
The North America region accounted for a significant share of global revenue in 2017 owing to high demand from U.S.
Growth Factors:
- Increasing demand for oil and gas from developing countries is expected to drive the growth of the remotely operated vehicles market over the forecast period.
- Rising demand for ROVs from the defense sector is another key factor that is expected to fuel market growth during the forecast period.
- The increasing popularity of deep-sea exploration and drilling activities is also anticipated to boost demand for remotely operated vehicles in the coming years.
- Growing investments in offshore infrastructure development are also projected to support market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Remotely Operated Vehicles Market Research Report
By Type
Max Depth<3000m, Max Depth 3000m-4000m, Max Depth>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., TMT, 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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Remotely Operated Vehicles Market Report Segments:
The global Remotely Operated Vehicles market is segmented on the basis of:
Types
Max Depth<3000m, Max Depth 3000m-4000m, Max Depth>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.
- TMT
- Argus Remote Systems
Highlights of The Remotely Operated Vehicles 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<3000m
- Max Depth 3000m-4000m
- Max Depth>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 Remotely Operated Vehicles 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
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?
Remotely operated vehicles are robots that are controlled from a distance. They can be used for a variety of purposes, including research, manufacturing, and exploration.
Some of the major players in the remotely operated vehicles market are Forum Energy Technologies, Oceaneering, TechnipFMC plc, Saab Seaeye Limited, IKM, Saipem, ECA, SMD, L3 Calzoni, Deep Ocean Engineering, Inc., TMT, Argus Remote Systems.
The remotely operated vehicles 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 Remotely Operated Vehicles 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 Remotely Operated Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Remotely Operated Vehicles 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 Remotely Operated Vehicles 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 Remotely Operated Vehicles Market Size & Forecast, 2018-2028
4.5.1 Remotely Operated Vehicles Market Size and Y-o-Y Growth
4.5.2 Remotely Operated Vehicles Market Absolute $ Opportunity
Chapter 5 Global Remotely Operated Vehicles 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 Remotely Operated Vehicles Market Size Forecast by Type
5.2.1 Max Depth<3000m
5.2.2 Max Depth 3000m-4000m
5.2.3 Max Depth>4000m
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Remotely Operated Vehicles 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 Remotely Operated Vehicles 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 Remotely Operated Vehicles 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 Remotely Operated Vehicles 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 Remotely Operated Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Remotely Operated Vehicles 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 Remotely Operated Vehicles Market Size Forecast by Type
9.6.1 Max Depth<3000m
9.6.2 Max Depth 3000m-4000m
9.6.3 Max Depth>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 Remotely Operated Vehicles 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 Remotely Operated Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Remotely Operated Vehicles 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 Remotely Operated Vehicles Market Size Forecast by Type
10.6.1 Max Depth<3000m
10.6.2 Max Depth 3000m-4000m
10.6.3 Max Depth>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 Remotely Operated Vehicles 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 Remotely Operated Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Remotely Operated Vehicles 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 Remotely Operated Vehicles Market Size Forecast by Type
11.6.1 Max Depth<3000m
11.6.2 Max Depth 3000m-4000m
11.6.3 Max Depth>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 Remotely Operated Vehicles 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 Remotely Operated Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Remotely Operated Vehicles 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 Remotely Operated Vehicles Market Size Forecast by Type
12.6.1 Max Depth<3000m
12.6.2 Max Depth 3000m-4000m
12.6.3 Max Depth>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 Remotely Operated Vehicles 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) Remotely Operated Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Remotely Operated Vehicles 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) Remotely Operated Vehicles Market Size Forecast by Type
13.6.1 Max Depth<3000m
13.6.2 Max Depth 3000m-4000m
13.6.3 Max Depth>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) Remotely Operated Vehicles 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 Remotely Operated Vehicles Market: Competitive Dashboard
14.2 Global Remotely Operated Vehicles 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 TMT
14.3.12 Argus Remote Systems
