Market Overview:
The global remotely operated vehicles (ROVs) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ROVs from the oil & gas industry, scientific research, military & defense, and other sectors. Additionally, the growing popularity of unmanned underwater vehicles (UUVs) is also contributing to the growth of the global ROVs market. The hydraulic system segment is expected to dominate the global ROVs market during the forecast period owing to its high efficiency and low maintenance requirements. However, electric systems are gaining traction due their ability to provide longer endurance and higher speed than hydraulic systems. The application segment for ROVs is dominated by oil & gas industry followed by scientific research and military & defense applications respectively.
 Industry Outlook.svg)
Product Definition:
A Remotely Operated Vehicle (ROV) is a vehicle that can be operated by someone who is not on board the vessel.
- Inspecting pipelines.
Hydraulic system:
The hydraulic system in an ROV consists of pumps, cylinders, valves and lines. The growth factor for the market is determined by the demand for oil & gas exploration and production (E&P) activities globally. Hydraulic systems are used in both surface ships as well as submarines.
Electric system:
The global remotely operated vehicles market size was valued at USD 3.6 billion in 2016 and is expected to witness a significant growth owing to the increasing adoption of electric systems in ROVs over the forecast period. The growing demand for oil & gas exploration activities, coupled with stringent regulations pertaining to greenhouse emissions, is anticipated to drive the market growth over the forecast period.
Rising technological advancements such as wireless communication.
Application Insights:
The oil & gas industry was the dominant segment in the remotely operated vehicles (ROVs) market and accounted for over 30% of the overall revenue share in 2017. The growth can be attributed to increasing offshore drilling activities across various regions coupled with rising demand for deep-water exploration.
Increasing R&D on board regarding advanced ROV systems is also expected to drive the demand over the forecast period. For instance, In November 2016, Deep Ocean Engineering LLC announced about completing a successful Kickstarter campaign for its new remotely operated vehicle named NEPTUNE II that can dive up to 6,000 meters below sea level. Such initiatives by major players are expected to fuel market growth during future years.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing offshore and onshore activities in U.S., Canada, and Mexico. In addition, rising demand for oil & gas from end-use industries such as transportation fuels, chemicals, energy is expected to drive the product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over a projected period owing to increasing government spending on infrastructure development coupled with growing energy demand from emerging economies such as China and India will drive industry expansion over next eight years.
Growth Factors:
- Increasing demand for oil and gas due to growing population and industrialization
- Rising investment in offshore drilling activities
- Proliferation of ROVs across new applications such as defense, marine research, and infrastructure inspection
- Technological advancements in ROVs that improve performance, safety, and efficiency
- Growing awareness about the benefits of using ROVs among end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Remotely Operated Vehicles (ROVs) Market Research Report
By Type
Hydraulic system, Electric system, Others
By Application
Oil & Gas Industry, Scientific Research, Military & Defense, Others
By Companies
Andrews Survey, C-Innovation, DOF Subsea, Forum Energy Technologies, Fugro Subsea Services, Hallin Marine Subsea International, Helix Energy Solutions, i-Tech (Subsea 7), Kystdesign, Oceaneering International, Andrews Survey, SAAB SEAEYE, Saipem (Sonsub), Schilling Robotics, Soil Machine Dynamics (SMD)
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Remotely Operated Vehicles (ROVs) Market Report Segments:
The global Remotely Operated Vehicles (ROVs) market is segmented on the basis of:
Types
Hydraulic system, Electric system, Others
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 & Gas Industry, Scientific Research, Military & Defense, 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:
- Andrews Survey
- C-Innovation
- DOF Subsea
- Forum Energy Technologies
- Fugro Subsea Services
- Hallin Marine Subsea International
- Helix Energy Solutions
- i-Tech (Subsea 7)
- Kystdesign
- Oceaneering International
- Andrews Survey
- SAAB SEAEYE
- Saipem (Sonsub)
- Schilling Robotics
- Soil Machine Dynamics (SMD)
 Market Overview.svg)
Highlights of The Remotely Operated Vehicles (ROVs) 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:
- Hydraulic system
- Electric system
- Others
- By Application:
- Oil & Gas Industry
- Scientific Research
- Military & Defense
- 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 (ROVs) 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?
Remotely operated vehicles are robots that are controlled from a distance. They can be used for a variety of tasks, including inspecting pipelines and other infrastructure, surveying land or water surfaces, and collecting data.
Some of the major players in the remotely operated vehicles (rovs) market are Andrews Survey, C-Innovation, DOF Subsea, Forum Energy Technologies, Fugro Subsea Services, Hallin Marine Subsea International, Helix Energy Solutions, i-Tech (Subsea 7), Kystdesign, Oceaneering International, Andrews Survey, SAAB SEAEYE, Saipem (Sonsub), Schilling Robotics, Soil Machine Dynamics (SMD).
The remotely operated vehicles (rovs) market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Remotely Operated Vehicles (ROVs) 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 (ROVs) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Remotely Operated Vehicles (ROVs) 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 (ROVs) 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 (ROVs) Market Size & Forecast, 2020-2028
4.5.1 Remotely Operated Vehicles (ROVs) Market Size and Y-o-Y Growth
4.5.2 Remotely Operated Vehicles (ROVs) 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 Hydraulic system
5.2.2 Electric system
5.2.3 Others
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 & Gas Industry
6.2.2 Scientific Research
6.2.3 Military & Defense
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Remotely Operated Vehicles (ROVs) 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 (ROVs) 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 Hydraulic system
9.6.2 Electric system
9.6.3 Others
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 & Gas Industry
9.10.2 Scientific Research
9.10.3 Military & Defense
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 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 Hydraulic system
10.6.2 Electric system
10.6.3 Others
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 & Gas Industry
10.10.2 Scientific Research
10.10.3 Military & Defense
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 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 Hydraulic system
11.6.2 Electric system
11.6.3 Others
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 & Gas Industry
11.10.2 Scientific Research
11.10.3 Military & Defense
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 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 Hydraulic system
12.6.2 Electric system
12.6.3 Others
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 & Gas Industry
12.10.2 Scientific Research
12.10.3 Military & Defense
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) 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 Hydraulic system
13.6.2 Electric system
13.6.3 Others
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 & Gas Industry
13.10.2 Scientific Research
13.10.3 Military & Defense
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 (ROVs) Market: Competitive Dashboard
14.2 Global Remotely Operated Vehicles (ROVs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Andrews Survey
14.3.2 C-Innovation
14.3.3 DOF Subsea
14.3.4 Forum Energy Technologies
14.3.5 Fugro Subsea Services
14.3.6 Hallin Marine Subsea International
14.3.7 Helix Energy Solutions
14.3.8 i-Tech (Subsea 7)
14.3.9 Kystdesign
14.3.10 Oceaneering International
14.3.11 Andrews Survey
14.3.12 SAAB SEAEYE
14.3.13 Saipem (Sonsub)
14.3.14 Schilling Robotics
14.3.15 Soil Machine Dynamics (SMD)
