Offshore AUV and ROV Market, Size, Share, Outlook and Growth Opportunities 2019-2025
- ID:OGA1903MVEN655
- Published: March-2021
- Pages:140
- OG Analysis
Global Offshore AUV and ROV Market Size, share, Outlook and Growth Opportunities to 2025: By Type (AUV and ROV), By Application (Oil and Gas, Defense, Scientific Research, and Other Applications) and By Region
Key Findings
- Global Offshore AUV and ROV Market is anticipated to reach a market value of USD 2,788.7 million by 2025, with the market growing at a CAGR of 5.94% in the forecast period 2019-2025.
- ROV is the dominant segment type with an estimated market value of USD 1,351.2 million in 2018.
- Oil and Gas occupies major share among applications in the global Offshore AUV and ROV Market.
- US lead the global Offshore AUV and ROV Market.
Increasing offshore oil and gas production activities, rising oil and gas decommissioning activities and growing offshore wind power industry are projected to be major drivers fueling the Offshore AUV & ROV market.
Recovering global demand for oil and gas has accelerated the pursuit of innovative and cost-efficient offshore technologies. Moreover, monitoring and deployment are often challenging in harsh subsea conditions, which raises operational, environmental and technical challenges. These factors have accelerated the development of new technologies in the AUV and ROV market.
Recent developments including growth of mini and small ROVs with improved functionality, inclusion of technological advancements such as Artificial Intelligence, growth in instruments deployed on ROV/AUV platforms and installation of advanced components drive market growth. Further, operations in ultra-deep waters and ability to handle few tonnes of payload are encouraging adaption of ROVs and AUVs.
Strong growth in marine and other emerging applications of ROVs are driving the overall market demand. ROVs are largely used to provide wide range of services including assistance for diving work, Visual inspections, measurements and samplings, installation support, construction work and offering assistance for drilling at great depths. Heavy duty and ultra heavy duty vehicles are also witnessing strong demand growth driven by their ability to handle few tonnes of load and operable depths of over 4,000 meters of water.
North America are allocating huge budgets for monitoring subsea areas and present strong market opportunity for hybrid, multi-sensor integrated AUVs and long endurance and in depth ROVs. Companies in offshore AUV and ROV market are collaborating with investors in offshore drilling activities for the exploration of hydrocarbon and driving the growth of offshore AUV and ROV market across North America.
The United States is the major revenue contributor to the North America Offshore AUV and ROV Market. The shift of oil and gas industry from manual technologies to automated and reliable subsea environment in the United States projects medium to long term market growth.
Growing oceanographic and maritime activities across the United States are composing market dynamics in the long run driven by deep sea resources excavation activities coupled with key focus on in depth sea level surveillance by major OEMs. In June 2019, Oceaneering International, Inc. secured a contract to perform the first-ever 1,000-3,000 m deep water AUV geophysical survey in Mexican waters, by acquiring 6 m piston core soil samples.
Global Offshore AUV and ROV Market Insights
The 2019 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global Offshore AUV and ROV market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of Offshore AUV and ROV market, detailed porter’s five forces analysis and competitive insights are included in the research report.
Global Offshore AUV and ROV Market Share by Type
The report presents the detailed annual outlook of each type of the Offshore AUV and ROV market to 2025. The report studied 2 types including AUV and ROV. Of these types, AUV is estimated to occupy major share in the global industry over the forecast period.
Global Offshore AUV and ROV Market Analysis by Application
The report provides detailed Offshore AUV and ROV market analysis by various applications including oil and gas, defense, scientific research, and other applications. Among these applications, Oil and Gas segment is analyzed to dominate the industry.
Global Offshore AUV and ROV Market Revenue by Region
The current Offshore AUV and ROV market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2025 are also included in the research report. Globally, North America is the leading market for Offshore AUV and ROV.
Global Offshore AUV and ROV Market Analysis by Company
Top 10 leading companies in global Offshore AUV and ROV market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and Offshore AUV and ROV products & services.
Global Offshore AUV and ROV Market News and Recent Developments
Latest news and industry developments in terms of Offshore AUV and ROV product launches, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.
Scope:
Long term perspective on the Offshore AUV and ROV industry: 2018 (base year), 2019- 2025 (forecast period)
Offshore AUV and ROV Market- Forecasts by Segments- Type and Application by geography.
- The research work categorizes the global Offshore AUV and ROV market based on type into 2 categories including AUV and ROV.
- It provides the market outlook by 4 applications including oil and gas, defense, scientific research, and other applications.
- Offshore AUV and ROV market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.
Offshore AUV and ROV Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Offshore AUV and ROV Market- Growth Opportunities
- Potential New Business Opportunities
- Key Areas of Focus in forecast period
Offshore AUV and ROV Market- Competitive Scenario
- 5 companies are analysed in the report including Fugro N.V., TechnipFMC PLC, Saipem SpA., Helix energy solutions group Inc. and Forum Energy Technologies, Inc.
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Offshore AUV and ROV Market
2.1 Global Offshore AUV and ROV Market Snapshot, 2018
2.2 Offshore AUV and ROV Industry Overview
2.3 Research Perspective
3. Global Offshore AUV and ROV Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Offshore AUV and ROV Market
3.2 Leading Offshore AUV and ROV Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Offshore AUV and ROV
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Offshore AUV and ROV Market Outlook and Growth Opportunities by Type
4.1 AUV Market Outlook, 2019- 2025
4.2 ROV Market Outlook, 2019- 2025
5. Global Offshore AUV and ROV Market Outlook and Growth Opportunities by Application
5.1 Offshore AUV and ROV Demand in Oil and Gas, Market Outlook, 2019- 2025
5.2 Offshore AUV and ROV Demand in Defense, Market Outlook, 2019- 2025
5.3 Offshore AUV and ROV Demand in Scientific Research, Market Outlook, 2019- 2025
5.4 Offshore AUV and ROV Demand in Other Applications, Market Outlook, 2019- 2025
6. Asia Pacific Offshore AUV and ROV Market Outlook and Growth Opportunities
6.1 Key Findings, 2018
6.2 Asia Pacific Offshore AUV and ROV Market Outlook by Type, 2019- 2025
6.3 Asia Pacific Offshore AUV and ROV Market Outlook by Application, 2019- 2025
6.4 Asia Pacific Offshore AUV and ROV Market Outlook by Country, 2019- 2025
7. Europe Offshore AUV and ROV Market Outlook and Growth Opportunities
7.1 Key Findings, 2018
7.2 Europe Offshore AUV and ROV Market Outlook by Type, 2019- 2025
7.3 Europe Offshore AUV and ROV Market Outlook by Application, 2019- 2025
7.4 Europe Offshore AUV and ROV Market Outlook by Country, 2019- 2025
8. North America Offshore AUV and ROV Market Outlook and Growth Opportunities
8.1 Key Findings, 2018
8.2 North America Offshore AUV and ROV Market Outlook by Type, 2019- 2025
8.3 North America Offshore AUV and ROV Market Outlook by Application, 2019- 2025
8.4 North America Offshore AUV and ROV Market Outlook by Country, 2019- 2025
9. South & Central America Offshore AUV and ROV Market Outlook and Growth Opportunities
9.1 Key Findings, 2018
9.2 South & Central America Offshore AUV and ROV Market Outlook by Type, 2019- 2025
9.3 South & Central America Offshore AUV and ROV Market Outlook by Application, 2019- 2025
9.4 South & Central America Offshore AUV and ROV Market Outlook by Country, 2019- 2025
10. Middle East & Africa Offshore AUV and ROV Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 Middle East & Africa Offshore AUV and ROV Market Outlook by Type, 2019- 2025
10.3 Middle East & Africa Offshore AUV and ROV Market Outlook by Application, 2019- 2025
10.4 Middle East & Africa Offshore AUV and ROV Market Outlook by Country, 2019- 2025
11. Competitive Landscape
11.1 Leading Players (Company Profile, SWOT Analysis, Offshore AUV and ROV Products, Financial Analysis)
11.1.1 Fugro N.V.
11.1.2 TechnipFMC PLC
11.1.3 Saipem SpA.
11.1.4 Helix energy solutions group Inc.
11.1.5 Forum Energy Technologies, Inc.
11.2 Company Benchmarking
11.3 Financial Analysis
12. Recent News and Deals Landscape
12.1 Mergers and Acquisitions
12.2 New Product Launches
12.3 Asset Transactions
12.4 Financial Announcements
13. Appendix
13.1 OGAnalysis Expertise
13.2 Sources and Research Methodology
13.3 Contact Information
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