Market Overview:
The Global Observation Mini ROV Market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth factors include the increasing demand for mini observation ROVs in the oil and gas industry, defence sector and other applications.
Product Definition:
A mini ROV is a small, remotely operated underwater vehicle that is used to collect data and observe objects in the water. It is important for researchers to be able to collect data from a distance, without having to get wet, and this is what mini ROVs provide.
Micro Observation ROV:
Micro observation ROV (ROV M-O-R) is a small remotely operated vehicle used for observing and recording the underwater environment. It is equipped with video camera, light source, digital still camera and other sensors which help in monitoring water quality, aquatic life as well as weather conditions. Micro observation ROV can be used by individual researchers or by research groups to monitor multiple sites simultaneously.
Mini Observation ROV:
The global mini observation ROV market size was valued at USD 8.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The rising demand for offshore oil & gas exploration, coupled with increasing deep-water drilling activities, is anticipated to drive the market growth over the forecast period.
Application Insights:
The oil and gas industry was the dominant segment in terms of revenue share in 2017. The growth can be attributed to the rising demand for ROVs from various sectors such as energy, marine, etc. Mini observation ROVs are widely used across the oil and gas industry for inspection work at different depths including below the seabed, along pipelines or even inside a well head platform.
The others segment includes applications such as inspection work of nuclear facilities or deep-sea mining activities where large robots cannot be deployed due to technical limitations or if there is no need for inspecting a particular area then using an observation robot would suffice.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing offshore oil and gas exploration activities coupled with rising government initiatives for marine robotic technology development. Moreover, presence of major players such as SeaRobotics LLC, RQEI, Inc., and Aqua Lung International is also contributing towards regional growth.
Asia Pacific mini-ROV market is anticipated to grow at a lucrative rate over the forecast period owing to increasing demand from countries such as China and Japan for underwater inspection services along with growing need for monitoring environmental conditions in coastal areas. Rising number of nuclear power plant accidents are also driving industry growth across this region which requires inspection using autonomous underwater vehicles (AUVs).
Growth Factors:
- Increasing demand for underwater observation and exploration from the commercial and defense sectors
- Growing popularity of ROVs among hobbyists and enthusiasts
- Advances in technology that make mini ROVs more affordable, portable, and user-friendly
- Proliferation of online communities devoted to sharing tips, tricks, and tutorials on using mini ROVs
- Increased awareness of the benefits of using mini ROVs for a variety of applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Observation Mini ROV Market Research Report
By Type
Micro Observation ROV, Mini Observation ROV
By Application
Oil and Gas Industry, Defence, Others
By Companies
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Observation Mini ROV Market Report Segments:
The global Observation Mini ROV market is segmented on the basis of:
Types
Micro Observation ROV, Mini Observation 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 Industry, 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:
- Deep Trekker
- VideoRay
- MarineNav
- AC-CESS
- Subsea Tech
- CISCREA
- Outland Technology
- Ocean Modules Sweden
- Seabotix
Highlights of The Observation Mini 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:
- Micro Observation ROV
- Mini Observation ROV
- By Application:
- Oil and Gas Industry
- 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 Observation Mini 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
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?
Observation Mini ROV is a small, lightweight and easy-to-use underwater robot that can be operated by one person. It has a wide range of applications, including inspecting pipelines and other underwater infrastructure, monitoring marine life and mapping seafloor features.
Some of the key players operating in the observation mini rov market are Deep Trekker, VideoRay, MarineNav, AC-CESS, Subsea Tech, CISCREA, Outland Technology, Ocean Modules Sweden, Seabotix.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Observation Mini ROV Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Observation Mini ROV Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Observation Mini ROV Market - Supply Chain
4.5. Global Observation Mini ROV Market Forecast
4.5.1. Observation Mini ROV Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Observation Mini ROV Market Size (000 Units) and Y-o-Y Growth
4.5.3. Observation Mini ROV Market Absolute $ Opportunity
5. Global Observation Mini ROV Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Observation Mini ROV Market Size and Volume Forecast by Type
5.3.1. Micro Observation ROV
5.3.2. Mini Observation ROV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Observation Mini ROV Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Observation Mini ROV Market Size and Volume Forecast by Application
6.3.1. Oil and Gas Industry
6.3.2. Defence
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Observation Mini ROV Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Observation Mini ROV Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Observation Mini ROV Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Observation Mini ROV Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Observation Mini ROV Demand Share Forecast, 2019-2026
9. North America Observation Mini ROV Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Observation Mini ROV Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Observation Mini ROV Market Size and Volume Forecast by Application
9.4.1. Oil and Gas Industry
9.4.2. Defence
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Observation Mini ROV Market Size and Volume Forecast by Type
9.7.1. Micro Observation ROV
9.7.2. Mini Observation ROV
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Observation Mini ROV Demand Share Forecast, 2019-2026
10. Latin America Observation Mini ROV Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Observation Mini ROV Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Observation Mini ROV Market Size and Volume Forecast by Application
10.4.1. Oil and Gas Industry
10.4.2. Defence
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Observation Mini ROV Market Size and Volume Forecast by Type
10.7.1. Micro Observation ROV
10.7.2. Mini Observation ROV
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Observation Mini ROV Demand Share Forecast, 2019-2026
11. Europe Observation Mini ROV Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Observation Mini ROV Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Observation Mini ROV Market Size and Volume Forecast by Application
11.4.1. Oil and Gas Industry
11.4.2. Defence
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Observation Mini ROV Market Size and Volume Forecast by Type
11.7.1. Micro Observation ROV
11.7.2. Mini Observation ROV
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Observation Mini ROV Demand Share, 2019-2026
12. Asia Pacific Observation Mini ROV Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Observation Mini ROV Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Observation Mini ROV Market Size and Volume Forecast by Application
12.4.1. Oil and Gas Industry
12.4.2. Defence
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Observation Mini ROV Market Size and Volume Forecast by Type
12.7.1. Micro Observation ROV
12.7.2. Mini Observation ROV
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Observation Mini ROV Demand Share, 2019-2026
13. Middle East & Africa Observation Mini ROV Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Observation Mini ROV Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Observation Mini ROV Market Size and Volume Forecast by Application
13.4.1. Oil and Gas Industry
13.4.2. Defence
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Observation Mini ROV Market Size and Volume Forecast by Type
13.7.1. Micro Observation ROV
13.7.2. Mini Observation ROV
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Observation Mini ROV Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Observation Mini ROV Market: Market Share Analysis
14.2. Observation Mini ROV Distributors and Customers
14.3. Observation Mini ROV Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Deep Trekker
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VideoRay
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MarineNav
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AC-CESS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Subsea Tech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CISCREA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Outland Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ocean Modules Sweden
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Seabotix
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
