Offshore AUV & ROV Market Overview
The global Offshore AUV & ROV market is expected to rise at a significant rate in the forecast period. Factors, such as increasing offshore oil and gas production activities, rising offshore wind power industry, and increasing oil and gas decommissioning activities, are anticipated to boost the growth of the AUV & ROV market.
On the negative side, global offshore investments have been in a steep decline owing to the oil price collapse during mid-2014. This, in turn, has resulted in a lower number of offshore oil and gas activities in recent years and has limited the growth of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Propulsion System, Product, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Subsea 7 Inc., SAAB AB, Fugro NV, Ocean Engineering Ltd., Bluefin Robotics, Atlas Electronik GmbH, Kongsberg Maritime, Teledyne Technologies LLC, BIRNS Inc., International Submarine Engineering Ltd., Schilling Robotics LLC, and Oceaneering International Inc. |
Covid-19 Impact on Offshore AUV & ROV Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Offshore AUV & ROV Market Segment Overview
Based on Propulsion System, the Electric System is the largest segment in the global Offshore AUV & ROV market. When compared to mechanical propulsion systems, electric propulsion systems have the advantages of low weight and simplicity in smaller ROVs, adaptability, ease of packaging, reliability, and low noise. The demand for electric propulsion systems is also largely due to the low-cost factor.
Offshore AUV & ROV Market, By Propulsion System
· Electric System
· Mechanical System
· Hybrid System
Offshore AUV & ROV Market, By Product
- ROV
- High Capacity Electric Vehicle
- Small Vehicle
- Heavy Work-class Vehicle
- Work-class Vehicle
- AUV
- Man Portable
- Light Weight Vehicle
- Heavy Weight Vehicle
- Large Vehicle
Offshore AUV & ROV Market, By Application
· Oil & Gas
· Commercial
· Defense
· Scientific Research
Offshore AUV & ROV Regional Overview
Region-wise, the Middle East and Africa held the largest share of the Offshore AUV and ROV market followed by Latin America. It is expected that this region shows remarkable growth in the forecast period. The massive abundance of oil and mineral deposits coupled with the speedily increasing demand for oil account for the growth of the offshore AUV and ROV market in this region. further, the demand in Latin America is estimated to create huge revenue in the forecast period. Offshore oil and gas activities are largely concentrated in Brazil and Mexico in this region.
Offshore AUV & ROV Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Offshore AUV & ROV Market Competitor overview
Some key developments and strategies adopted by manufacturers in Offshore AUV & ROV are highlighted below.
· In October 2021, Offshore vessel owner DOF Subsea has entered a partnership deal with offshore survey firm Ocean Floor Geophysics Inc. (OFG) to offer Autonomous Underwater Vehicle (AUV) services to the international offshore industry.
Offshore AUV & ROV Market, Key Players
· Subsea 7 Inc.
· SAAB AB
· Fugro NV
· Ocean Engineering Ltd.
· Bluefin Robotics
· Atlas Electronik GmbH
· Kongsberg Maritime
· Teledyne Technologies LLC
· BIRNS Inc.
· International Submarine Engineering Ltd.
· Schilling Robotics LLC
· Oceaneering International Inc.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Offshore AUV & ROV market?
Increasing offshore oil and gas production activities, rising offshore wind power industry, and increasing oil and gas decommissioning activities are some key factors that boosting the growth of the Offshore AUV & ROV market.
Q2. Which Segments are covered in the Offshore AUV & ROV market report?
Propulsion System, Product, Application, and Region, these segments are covered in the Offshore AUV & ROV market report.
Q3. Which segment is projected to hold the largest share in the Offshore AUV & ROV Market?
The Electric System segment is projected to hold the largest share in the Offshore AUV & ROV Market.
Q4. Which region is holds largest share in the Offshore AUV & ROV market?
Middle East and Africa holds largest share in the Offshore AUV & ROV market.
Q5. Which are the prominent players in the Offshore AUV & ROV Market?
Subsea 7 Inc., SAAB AB, Fugro NV, Ocean Engineering Ltd., Bluefin Robotics, Atlas Electronik GmbH, Kongsberg Maritime, Teledyne Technologies LLC, BIRNS Inc., International Submarine Engineering Ltd., Schilling Robotics LLC, and Oceaneering International Inc. are some key players in the Offshore AUV & ROV Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Offshore AUV & ROV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Propulsion System
- 5.2.1. Electric System
- 5.2.2. Mechanical System
- 5.2.3. Hybrid System
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. ROV
- 5.3.1.1. High Capacity Electric Vehicle
- 5.3.1.2. Small Vehicle
- 5.3.1.3. Heavy Work-class Vehicle
- 5.3.1.4. Work-class Vehicle
- 5.3.2. AUV
- 5.3.2.1. Man Portable
- 5.3.2.2. Light Weight Vehicle
- 5.3.2.3. Heavy Weight Vehicle
- 5.3.2.4. Large Vehicle
- 5.3.1. ROV
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Offshore AUV & ROV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Propulsion System
- 6.2.1. Electric System
- 6.2.2. Mechanical System
- 6.2.3. Hybrid System
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. ROV
- 6.3.1.1. High Capacity Electric Vehicle
- 6.3.1.2. Small Vehicle
- 6.3.1.3. Heavy Work-class Vehicle
- 6.3.1.4. Work-class Vehicle
- 6.3.2. AUV
- 6.3.2.1. Man Portable
- 6.3.2.2. Light Weight Vehicle
- 6.3.2.3. Heavy Weight Vehicle
- 6.3.2.4. Large Vehicle
- 6.3.1. ROV
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Offshore AUV & ROV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Propulsion System
- 7.2.1. Electric System
- 7.2.2. Mechanical System
- 7.2.3. Hybrid System
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. ROV
- 7.3.1.1. High Capacity Electric Vehicle
- 7.3.1.2. Small Vehicle
- 7.3.1.3. Heavy Work-class Vehicle
- 7.3.1.4. Work-class Vehicle
- 7.3.2. AUV
- 7.3.2.1. Man Portable
- 7.3.2.2. Light Weight Vehicle
- 7.3.2.3. Heavy Weight Vehicle
- 7.3.2.4. Large Vehicle
- 7.3.1. ROV
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Offshore AUV & ROV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Propulsion System
- 8.2.1. Electric System
- 8.2.2. Mechanical System
- 8.2.3. Hybrid System
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. ROV
- 8.3.1.1. High Capacity Electric Vehicle
- 8.3.1.2. Small Vehicle
- 8.3.1.3. Heavy Work-class Vehicle
- 8.3.1.4. Work-class Vehicle
- 8.3.2. AUV
- 8.3.2.1. Man Portable
- 8.3.2.2. Light Weight Vehicle
- 8.3.2.3. Heavy Weight Vehicle
- 8.3.2.4. Large Vehicle
- 8.3.1. ROV
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Offshore AUV & ROV Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Propulsion System
- 9.2.1. Electric System
- 9.2.2. Mechanical System
- 9.2.3. Hybrid System
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. ROV
- 9.3.1.1. High Capacity Electric Vehicle
- 9.3.1.2. Small Vehicle
- 9.3.1.3. Heavy Work-class Vehicle
- 9.3.1.4. Work-class Vehicle
- 9.3.2. AUV
- 9.3.2.1. Man Portable
- 9.3.2.2. Light Weight Vehicle
- 9.3.2.3. Heavy Weight Vehicle
- 9.3.2.4. Large Vehicle
- 9.3.1. ROV
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Subsea 7 Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. SAAB AB
- 10.6. Fugro NV
- 10.7. Ocean Engineering Ltd.
- 10.8. Bluefin Robotics
- 10.9. Atlas Electronik GmbH
- 10.10. Kongsberg Maritime
- 10.11. Teledyne Technologies LLC
- 10.12. BIRNS Inc.
- 10.13. International Submarine Engineering Ltd.
- 10.14. Schilling Robotics LLC
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
