The global offshore AUV and ROV market is likely to derive growth from recent technological advancements. According to a report by Fortune Business Insights, titled “Offshore AUV & ROV Market Size, Share and Global Trend By Product(Autonomous Underwater Vehicle (AUV) & Remotely Operated Vehicle), By Propulsion(Electric System, Mechanical System, Hybrid System), By Application(Drilling and Well Completion Support, Construction Support, and others), and Geography Forecast till 2028,” the market will expand considerably in the coming years, with impetus from increasing investment in hydrocarbon exploration.

The exceptional services offered by autonomous underwater vehicle (AUV) as well as remotely operated vehicles (ROV) have created a huge demand across the world. The excessive use of fossil fuels has led to an increasing adoption of AUV and ROV among end users across the world. The constantly rising demand for hydrocarbons has encouraged companies to focus on offshore drilling activities, in order to enhance green energy. The role of AUVs in studying sea-floors before construction of subs-seas infrastructure has fuelled the demand for AUVs in recent years. Additionally, the incorporation of technologies such as intelligent control systems and sensor-based steering will contribute to an increase in the demand for AUVs and ROVs across the world. The report encompasses several factors that have constituted an increase in the global offshore AUV and ROV market.

Key Market Driver – Technological development offers advance monitoring of oceanography

Key Market Restraint – Capital intensive marketx

Increasing Mergers and Acquisitions Are Offering Huge Growth Platforms

The increasing number of mergers and acquisitions have laid the foundations for business expansions of companies operating in the global offshore AUV and ROV market. As companies are realizing the importance of adopting efficient functional concepts within an AUV and ROV utility, several companies are looking to adopt the services of other organizations who are well-versed with the related concepts. In February 2019, Stapem Offshore completed the acquisition of ROV service-based company ‘Film Ocean.’ With this acquisition, the company aims to extend its portfolio of ROV services, backed by Film Oceans’ extensive technological and innovative ROV collection. Fortune business Insights has predicted that Stapem’s latest acquisition will have a direct impact on the growth of the global offshore AUV and ROV market in the coming years. The report highlight a few of the leading mergers and acquisitions in the offshore AUV and ROV industry and gauges the impact of these M&As on the global market.

Request a Sample Copy of the Global Market Research Report:

Key Players Covered

  • Subsea 7
  • Fugro NV
  • Bluefin Robotics
  • Atlas Elektonik
  • Kongsberg Maritime
  • Teledyne Technologies
  • Birns Inc
  • International Submarine Engineering Ltd.
  • Stapem Offshore
  • Oceaneering International
  • Technip FMC
  • Deep Ocean Group
  • Saipem S.p.A.

Key Segmental Overview:

  1. By Product
  • Autonomous Underwater Vehicle (AUV)
  • Man-Portable
  • Large Vehicle
  • Light Weight Vehicle (LWV)
  • Heavy Weight Vehicle (HWV)
  • Remotely Operated Vehicle
  • Small Vehicle
  • Work-Class Vehicle
  • Heavy Work-Class Vehicle
  • High Capacity Electric Vehicle
  1. By Propulsion
  • Electric System
  • Mechanical System
  • Hybrid System
  1. By Application
  • Drilling and Well Completion Support
  • Construction Support
  • Inspection, Repair and Maintenance Service
  • Subsea Engineering Services
  • Remote Subsea Intervention Tooling Design and Build
  • Others
  1. By Geography
  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Request for Customization:

Hefty Budget Allocations for Submarines and Merchant Ships to Favor Growth

The report provides segmentation of the global offshore AUV and ROV market based on regional demographics. Fortune Business Insights has predicted that among all regions, North America will emerge dominant in the global market in the coming years. The increasing investment in research and development of merchant ships and submarines, aimed at exploring hydrocarbons and other oil services will favor the growth of the market in North America. Furthermore, the increasing efforts put in by developed countries such as Russia, Italy, and the UK will offer tremendous growth opportunities for the offshore AUV and ROV market companies in North America. Having said that, an increasing investment in hydrocarbon exploration in emerging countries such as China will favor the growth of the offshore AUV and ROV market in Asia Pacific. Additionally, the high budget allocated towards defense sector in India and China will enable the market in Asia Pacific to increase at a considerably high CAGR in the coming years.

Major Table of Content For Offshore AUV and ROV Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Offshore AUV and ROV Market Analysis, Insights and Forecast, 2026
  6. North America Offshore AUV and ROV Market Analysis, Insights and Forecast, 2026
  7. Europe Offshore AUV and ROV Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Offshore AUV and ROV Market Analysis, Insights and Forecast, 2026
  9. Middle East and Africa Offshore AUV and ROV Market Analysis, Insights and Forecast, 2026
  10. Latin America Smart Mining Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

Pre Book Full Report for Exclusive Offshore AUV and ROV Market Growth Forecast –

Other Exclusive Reports:

Elevator and Escalator Market 2021- Global Industry Analysis, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2028

Milling Machine Market Growing Business Factors 2021: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2026

Commercial Refrigeration Equipment Market 2021- Global Industry Analysis, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2026

Radar Sensor Market 2021 Is Booming Across the Globe by Share, Size, Growth, Segments and Forecast to 2026

Automated Forklift Trucks Market Size 2021-2026| Comprehensive Study, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]