Global Remotely Operated Vehicle Market Outlook to 2027 - Featuring Fugro, Saab & Total Marine Technology Among Others - ResearchAndMarkets.com

The "Global Remotely Operated Vehicle Market Outlook 2027" report has been added to ResearchAndMarkets.com's offering.

Remotely operated vehicles (ROV) are devices which are connected through a cable and can be remotely operated underwater for various applications in industries such as oil and gas, military & defense, and scientific research. The remotely operated vehicle market held a significant market value of about 2,099 million in the year 2018.

The market is further anticipated to grow at a CAGR of around 10.62% over the forecast period, i.e., 2020-2027. This can be primarily attributed to the growing expenses on oil and gas exploration as well as the increasing naval operations, across the globe. This underwater vehicle is mainly used to collect various forms of data and for communication or information transfer and is similar to a robotic device fitted with different sampling tools, sensors, and cables.

The market is segmented by category, by end user industry, by system component, by propulsion system, by application and by region. On the basis of category, the market is segmented into observation vehicle, light work class vehicle, medium work class vehicle, heavy work class vehicle and towel & bowel crawling vehicle. The segment for observation vehicle is anticipated to witness the highest growth over the forecast period on account of rising underwater observation operations performed by the naval forces and oil and gas enterprises for better surveillance, security, and inspection purposes.

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The remotely operated vehicle market in North America is projected to reach a value of USD 2,344.14 million by the end of 2027. This can be attributed to the increase in investments in the naval sector by the government entities in order to maintain the safety and security across the waters. The market in Europe is predicted to hold the second largest share in the market on account of rising technological advancements in the region.

Companies Mentioned

• Oceaneering International Inc.
• Fugro
• Saab AB
• TechnipFMC plc
• SUBSEA 7
• Teledyne Technologies Incorporated
• DOF ASA
• Total Marine Technology
• Helix Energy

Key Topics Covered:

Global Remotely Operated Vehicle (ROV) Market

1. Introduction

• Market Definition
• Market Segmentation
• Product Overview

2. Assumptions And Acronyms

3. Research Methodology

• Research Process
• Secondary Research
• Primary Research
• Market Size Estimation

4. Executive Summary - Global Remotely Operated Vehicle (ROV) Market

5. Regulatory & Technical Landscape

6. Analysis Of Market Dynamics

6.1. Growth Drivers

6.2. Key Trends

• Implementation Of 3d Printing
• Growing Investments On Increasing Naval Situational Awareness
• Surging Demand In The Oil & Gas Industry
• Rising Expenses By The Government & Private Enterprises

7. Key Market Opportunities

8. Major Roadblocks For The Market Growth

9. Industry Risk Analysis

• Demand Risk Analysis
• Supply Risk Analysis

10. Average Pricing Analysis

• By Region
• By Rov Category

11. Global Remotely Operated Vehicle (Rov) Market Outlook

11.1. Market Size And Forecast, 2018-2027f

11.2. Global Remotely Operated Vehicle (Rov) Market Segmentation, 2018-2027f

11.2.1. North America Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)

11.2.2. Europe Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)

11.2.3. Asia Pacific Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)

11.2.4. Latin America Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)

11.2.5. Middle East & Africa Remotely Operated Vehicle (Rov) Market, 2018-2027f (Usd Million)

12. Competitive Structure

12.1. Analysis Of Competitive Growth Strategies

12.2. Company Profiles

12.3. List Of Umbilical Cable Manufacturers

12.4. List Of Tether Cable Manufacturers

13. Analyst's Review

For more information about this report visit https://www.researchandmarkets.com/r/aw6872

View source version on businesswire.com: https://www.businesswire.com/news/home/20201030005558/en/