Offshore AUV and ROV Global Market is Projected to Reach $12.9 Billion by 2030: Fast Evolving Role of Unmanned Vessels in Military Applications to Drive Expansion

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Jul 05, 2023, 18:15 ET

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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