Global Offshore AUV and ROV Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Offshore AUV and ROV Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Vehicle Type (ROV, and AUV), Vehicle Class (Work-class Vehicle (Light Work-class Vehicle, Medium Work-class Vehicle, Heavy Work-class Vehicle), and Observatory-class Vehicles), End-user Application (Oil and Gas, Defense, Research, and Other End-user Applications), Activity (Drilling and Development, Construction, Inspection, Repair, and Maintenance, Decommissioning, and Other Activities), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Offshore AUV and ROV Market was valued at USD 2,498.3 million in 2023 and is expected to reach USD 4,556.1 million by 2031 while growing at a CAGR of 7.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global offshore AUV and ROV market growth. Offshore Autonomous Underwater Vehicles (AUVs) and Remotely Operated Vehicles (ROVs) are sophisticated robotic systems for diverse underwater operations, excelling in challenging and remote environments like deep-sea exploration, offshore oil and gas activities, marine research, and underwater infrastructure inspection.
Increasing offshore exploration and production activities, coupled with ongoing advancements in AUV and ROV technologies, drive the growth of the offshore autonomous underwater vehicle (AUV) and remotely operated vehicle (ROV) market. Nevertheless, obstacles like high initial costs and operational complexity, along with training requirements, may hinder market expansion.
Furthermore, the global offshore AUV and ROV industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Vehicle Type Analysis
The Global Offshore AUV and ROV Market is segmented among ROV, and AUV, based on Vehicle Type. In 2023, ROV accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Vehicle Class Analysis
The Global Offshore AUV and ROV Market is segmented among Work-class Vehicle, and Observatory-class Vehicle, based on Vehicle Class. In 2023, Work-class Vehicle accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Offshore AUV and ROV Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are DeepOcean AS, DOF Subsea AS, Helix Energy Solutions Group Inc., TechnipFMC PLC, Bourbon, Fugro NV, Subsea 7 SA, Saipem SpA, Oceaneering International Inc., and Teledyne Technologies Incorporated.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Offshore AUV and ROV Market Dynamics
Drivers
Restraints
Opportunity
4. Global Offshore AUV and ROV Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Offshore AUV and ROV Market Segmentation, By Vehicle Type
Global Offshore AUV and ROV Market Share Analysis, By Vehicle Type
Global Offshore AUV and ROV Market Growth Analysis, By Vehicle Type
Global Offshore AUV and ROV Market Trends, By Vehicle Type
o ROV
o AUV
6. Global Offshore AUV and ROV Market Segmentation, By Vehicle Class
Global Offshore AUV and ROV Market Share Analysis, By Vehicle Class
Global Offshore AUV and ROV Market Growth Analysis, By Vehicle Class
Global Offshore AUV and ROV Market Trends, By Vehicle Class
o Vehicle Class
Ø Work-class Vehicle
Ø Light Work-class Vehicle
Ø Medium Work-class Vehicle
Ø Heavy Work-class Vehicle
o Observatory-class Vehicles
7. Global Offshore AUV and ROV Market Segmentation, By End-user Application
Global Offshore AUV and ROV Market Share Analysis, By End-user Application
Global Offshore AUV and ROV Market Growth Analysis, By End-user Application
Global Offshore AUV and ROV Market Trends, By End-user Application
o Oil and Gas
o Defense
o Research
o Other End-user Applications
8. Global Offshore AUV and ROV Market Segmentation, By Activity
Global Offshore AUV and ROV Market Share Analysis, By Activity
Global Offshore AUV and ROV Market Growth Analysis, By Activity
Global Offshore AUV and ROV Market Trends, By Activity
o Drilling and Development
o Construction
o Inspection
o Repair, and Maintenance, Decommissioning
o Other Activities
9. Global Offshore AUV and ROV Market Segmentation, By Region
Global Offshore AUV and ROV Market Share Analysis, By Region
Global Offshore AUV and ROV Market Growth Analysis, By Region
Global Offshore AUV and ROV Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
DeepOcean AS*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
DOF Subsea AS
Helix Energy Solutions Group Inc.
TechnipFMC PLC
Bourbon
Fugro NV
Subsea 7 SA
Saipem SpA
Oceaneering International Inc.
Teledyne Technologies Incorporated
*Similar analysis will be provided for each company listed above.
