Global Remotely Operated Vehicle Market Opportunities and Forecast 2023-2030

  •   DLR1888
  •   November, 2022
  •   Pages: 120
  •  Global
Covid-19 Impact on Remotely Operated Vehicle Market:

As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.

ROV Market Overview

The ROV market depends on offshore oil & gas industry and is likely to grow with CAGR of more than 7.0% in the forecast period of 2020 to 2026. As offshore actions move into the deeper waters, it is extremely difficult for the divers to perform actions at such depths. The ROVs provide unique solution to the problem; remotely operated submerged vehicle that can by functioned by crew on surface to carry out the underwater tasks. With rise in number of offshore activities all across the world, ROV market is progressively growing. However, declining number of the offshore rigs is limiting the market. Recently in the year 2018, the U.S. government has lowered royalty rates for the deep water oil activities, in order to increase offshore operations in GOM.

With COVID-19, the world is fighting health pandemic as well as economic pandemic, impacting almost trillions of dollars of the revenues. Most of the market currently are experiencing low demand and supply chain disruption due to the pandemic. The year started as a good opportunity for the businesses, however, the pandemic has caused severe damages to import, export and hence on the demand and supply of the Types. The effect is expected to be long term and will affect the developing economies specially for many years. As a result, the economies are expected to be affected adversely leading to layoffs and hence further lower demand for the Types due to lack of money flow.

Although many of the markets are affected negatively, few markets such as online conference, food delivery apps and others have experienced significant increase in the order intake in the last few months. The markets are expected to show positive growth from mid-2021. The market report will include the detailed analysis of the COVID on the ROV market and various other factors such as economic impact, demand and supply etc.

ROV Market Segment Overview

Global ROV market is segmented by Type, Application and geography. Based on Type, global ROV market is segmented into Work Class ROV and Observatory Class ROV. Growing commercialization and industrialization have created demand for the professional and skilled labour in turn propelling the demand for the market. Globally, adoption of ROV is presenting tremendous growth in the upcoming years. Similarly based on Application the market is being segmented into Defence, Oil & Gas. Increasing demand and increasing end use Application are expected to propel the market growth for global ROV market in the coming years.

The report will include the in-depth analysis of each segment and geography to provide proper structure of the market and future growth opportunities to the market players, stakeholders, start-ups and others so that they can reform their strategies accordingly.

ROV Regional Overview

Along with the European countries, the U.S. and various Asian countries, such as the China and India, are predictable to develop their individual offshore wind farms and further drive demand for the work-class vehicles. Further, use of observatory class vehicles is the slowly gaining popularity as substitute of the human divers in countries such as Brazil, West Africa, and the U.S., Gulf of Mexico.

The ROV market, by region, has been segmented as Asia-Pacific, Europe, North America, and the rest of the world. The North America accounted for the largest market share in 2019, the market is likely to register CAGR of 7.5% during forecast period. Europe was second-largest market in 2019, the market is expected to register considerable CAGR. However, market in Asia-Pacific was anticipated to register highest CAGR. North America is likely to dominate global market in terms of share during the forecast period owing to technological advancements and well-developed economy of the country. Among North American countries, U.S. accounts for largest market share owing to growing investments in various sector, followed by the Canada and Mexico.

ROV Market Competitor overview

The ROV market is the moderately fragmented industry due to several companies operating in industry. The ROV Market is consolidated in nature with few major players commanding the major market share of the ROV Market. Continuous advancements, innovative Types and mergers and such strategies were being used by these players to gain the market share. The report will provide exhaustive information about the top players and their revenue and strategies in the market. The report will also include recent development and other strategical move used by the players to enhance their market share in particular economy or Type segments.

Key Players
  1. DeepOcean AS
  2. DOF Subsea AS
  3. Helix Energy Solutions Group
  4. TechnipFMC PLC
  5. Bourbon Corporation SA
  6. Fugro NV
  7. Oceaneering International Inc.
  8. Saab Seaeye Limited
  9. Forum Energy Technologies Inc.
  10. Subsea 7 SA
  11. Saipem SpA
ROV Market Segmentation

By Type
  • Work Class ROV
  • Observatory Class ROV
By Application
  • Defence
  • Oil & Gas
  • Research
  • Others
By Geography
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa

Remotely Operated Vehicle Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    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 Remotely Operated Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Type
        • 5.2.1. Portable Remotely Operated Vehicle
        • 5.2.2. Installed Remotely Operated Vehicle
      • 5.3. Market Analysis, Insights and Forecast – By Application
        • 5.3.1. Commercial
        • 5.3.2. Military
        • 5.3.3. Personal
        • 5.3.4. Air Transport
        • 5.3.5. Others
      • 5.4. Market Analysis, Insights and Forecast – By Region
        • 5.4.1. North America
        • 5.4.2. Europe
        • 5.4.3. Asia Pacific
        • 5.4.4. Latin America, Middle East and Africa

      6. North America Remotely Operated Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Type
        • 6.2.1. Portable Remotely Operated Vehicle
        • 6.2.2. Installed Remotely Operated Vehicle
      • 6.3. Market Analysis, Insights and Forecast – By Application
        • 6.3.1. Commercial
        • 6.3.2. Military
        • 6.3.3. Personal
        • 6.3.4. Air Transport
        • 6.3.5. Others
      • 6.4. Market Analysis, Insights and Forecast – By Country
        • 6.4.1. U.S.
        • 6.4.2. Canada

      7. Europe Remotely Operated Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Type
        • 7.2.1. Portable Remotely Operated Vehicle
        • 7.2.2. Installed Remotely Operated Vehicle
      • 7.3. Market Analysis, Insights and Forecast – By Application
        • 7.3.1. Commercial
        • 7.3.2. Military
        • 7.3.3. Personal
        • 7.3.4. Air Transport
        • 7.3.5. Others
      • 7.4. Market Analysis, Insights and Forecast – By Country
        • 7.4.1. UK
        • 7.4.2. Germany
        • 7.4.3. France
        • 7.4.4. Italy
        • 7.4.5. Spain
        • 7.4.6. Russia
        • 7.4.7. Rest of Europe

      8. Asia Pacific Remotely Operated Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Type
        • 8.2.1. Portable Remotely Operated Vehicle
        • 8.2.2. Installed Remotely Operated Vehicle
      • 8.3. Market Analysis, Insights and Forecast – By Application
        • 8.3.1. Commercial
        • 8.3.2. Military
        • 8.3.3. Personal
        • 8.3.4. Air Transport
        • 8.3.5. Others
      • 8.4. Market Analysis, Insights and Forecast – By Country
        • 8.4.1. China
        • 8.4.2. India
        • 8.4.3. Japan
        • 8.4.4. Australia
        • 8.4.5. South East Asia
        • 8.4.6. Rest of Asia Pacific

      9. Latin America, Middle East and Africa Remotely Operated Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Type
        • 9.2.1. Portable Remotely Operated Vehicle
        • 9.2.2. Installed Remotely Operated Vehicle
      • 9.3. Market Analysis, Insights and Forecast – By Application
        • 9.3.1. Commercial
        • 9.3.2. Military
        • 9.3.3. Personal
        • 9.3.4. Air Transport
        • 9.3.5. Others
      • 9.4. Market Analysis, Insights and Forecast – By Country
        • 9.4.1. Brazil
        • 9.4.2. Saudi Arabia
        • 9.4.3. UAE
        • 9.4.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. ROCKWELL COLLINS
        • 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
      *Similar details will be provided for the following companies
      • 10.5. International Flight Support (IFS)
      • 10.6. Airbus SE
      • 10.7. Lufthansa Systems
      • 10.8. The Boeing Company

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      Research Process

      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



      Primary Research

      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 Research

      Secondary 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 Estimation

      Both, 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