Global AUV & ROV Market Projected to Grow at 18.2% CAGR Throughout the Assessment Period 2017 - 2025

Published on : Nov 15, 2017

Albany, New York, November 15, 2017: This research report suggests that the need to study the effects of the environment and maritime life is a key factor boosting he growth of the offshore AUV & ROV market globally. Technological advancements in ROV and AUV is another factor boosting market demand. This report also highlights the impact of the restraints and drivers on global demand for AUV & ROV over the said period. According to the report, the worldwide market for AUV & ROV is expected to grow at an impressive 18.2% CAGR over the period of forecast. Market Research Hub (MRH) has added a new report in its vast database with the title of “Offshore AUV & ROV Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.

Global Offshore AUV & ROV Market: Report Overview

This report presents a comprehensive analysis and market understanding after referring to sources such as industry documents, press releases, company annual reports, and key players’ product literature. In order to validate the data and analysis, primary interviews are conducted on an ongoing basis with key industry contributors and commentators. The secondary research also includes agencies, a search of recent trade, statistical data from the government websites, other internet sources, and trade associations. The report provides current information on market growth trends, market size, key players and an overall view of the market.

According to the report, increasing demand for oil and gas has created an upsurge in the growth of the worldwide market for offshore AUV & ROV activities over the said period. Due to depletion of onshore and near shore reserves, underwater surveys have become mandatory. This has further led to an increasing demand for advanced technology for procuring oil and gas buried deep in the ocean bed, which has further led to the growth of the offshore AUV & ROV market globally. Also, an increasing defense maritime threat has facilitated the innovation and deployment of autonomous underwater vehicle (AUV), which helps in detecting threats and suspicious activities on the ocean floor. This is another factor positively impacting market revenue growth.

Global AUV & ROV Market: Segmental Analysis

The study report delivers an overview of the AUV and RUV market by way of segmentation into propulsion, product, and application. The ROV segment has a dominating market share over the AUV product segment. This publication also studies the demand for product, application and individual propulsion segments across the assessed regions.

  • By propulsion system the global AUV & ROV market includes Hybrid System, Electric system, Mechanical System, and Others.
  • By product the global AUV & ROV market includes Large Vehicle, ROV High Capacity Electric Vehicle, AUV, Heavy Weight Vehicle (HWV), Man Portable, Light Weight Vehicle (LWV), Small Vehicle, and Work-Class Vehicle.
  • By application the market for AUV & ROV includes Defense, Oil & Gas, Scientific Research, Commercial and Others.
  • Regional segmentation of the market for AUV & ROV includes North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

Global AUV & ROV Market: Key Players

The report study includes profiles of the key players functioning in the global offshore AUV & ROV market such as Oceaneering International Inc., Subsea 7 Inc.,  Atlas Elektronik Gmbh, Schilling Robotics LLC (now Technip FMC), SAAB AB, International Submarine Engineering Ltd., Fugro NV,  Teledyne Technologies LLC, BIRNS, INC., Ocean Engineering Ltd., Kongsberg Maritime and Bluefin Robotics. Company profiles feature the business overview, recent market developments, a comprehensive SWOT analysis, and business expansion strategies.

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