DUBLIN, July 5, 2023 /PRNewswire/ — The “Offshore AUV and ROV: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Offshore AUV and ROV estimated at US$4 Billion in the year 2022, is projected to reach a revised size of US$12.9 Billion by 2030, growing at a CAGR of 15.9% over the analysis period 2022-2030.
ROV, one of the segments analyzed in the report, is projected to record 15% CAGR and reach US$9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the AUV segment is readjusted to a revised 18.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $654.1 Million, While China is Forecast to Grow at 15.3% CAGR
The Offshore AUV and ROV market in the U.S. is estimated at US$654.1 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$915.5 Million by the year 2030 trailing a CAGR of 15.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 12.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.
Select Competitors (Total 48 Featured) –
- AtlasElektronikGmbh
- Deep Ocean Engineering, Inc.
- Deep Ocean Group
- DOF Subsea AS
- Fugro NV
- General Dynamics Mission Systems, Inc.
- Helix Energy Solutions Group
- Houston Mechatronics Inc.
- Kongsberg Maritime AS
- Oceaneering International, Inc.
- SAAB AB
- Saipem SpA
- Subsea 7 S.A.
- Teledyne Technologies Incorporated
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Offshore AUV and ROV – Global Key Competitors Percentage Market Share in 2021 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
- Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
- Defense Cuts amid COVID-19 Crisis Slows Down the Demand for Offshore AUVs and ROVs in 2020
- Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
- UK Defense Budget: A Pre & Post COVID-19 Comparison (In US$ Billion)
- An Introduction to Offshore AUV & ROV
- Autonomous Underwater Vehicle (AUV)
- Remotely Operated Vehicles (ROV)
- Global Market Prospects & Outlook
- Analysis by Product
- World Offshore AUV & ROV Market by Product (2021 & 2027): Percentage Breakdown of Sales for Autonomous Underwater Vehicles (AUV) and Remotely Operated Vehicles (ROV)
- Analysis by Application
- World Offshore AUV & ROV Market by Application (2021 & 2027): Percentage Breakdown of Sales for Oil & Gas, Defense, Scientific Research, Commercial, and Other Applications
- Regional Analysis
- World Offshore AUV & ROV Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
- World Offshore AUV & ROV Market – Geographic Regions Ranked by CAGR (Value) for 2020-2027: Latin America, Middle East, Asia-Pacific, China, Africa, USA, Europe, Canada, and Japan
- Competitive Scenario
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Established Role in Defense Applications Sustains Market Momentum
- Healthy Defense Spending to Amplify the Need for Offshore AUV and ROV: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
- Military Expenditure as a % of GDP in Select Countries
- Fast Evolving Role of Unmanned Vessels in Military Applications to Drive Market Expansion
- Critical Importance of UAVs & ROVs in Oil & Gas Sector Augurs Well
- Global Oil Production: Percentage Breakdown of Production by Onshore, Offshore, and Offshore Deep Water Activity for 2010 & 2019
- World Average Rig Count by Region (2016-2020)
- Technology Use in Oil and Gas Industry: % of Companies Using Technology in Operations
- Sluggish Tide in Oil & Gas Sector Niggles Market Momentum
- Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021
- Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
- Scientific Research: High Growth Vertical
- UAVs & ROVs Seek Role in Commercial Diving Applications
- Rise of Environmental Monitoring as Mainstream Concept Enthuses Market
- Hydrography Survey Made Easier with UAVs and ROVs
- Rising Emphasis on Marine Biotechnology Bodes Well
- Technology Advancements & Innovations Widen the Addressable Market
- Engineered Plastics Enhance Performance of ROVs & UAVs
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/b7qwrg
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SOURCE Research and Markets
