DUBLIN, May 26, 2021 / PRNewswire / – The Global Offshore AUV & ROV Market, By Product Type (AUV, ROV), By Propulsion System (Hybrid System, Electrical System, Mechanical System), By Depth, By Application, By End User, By Region, Competition Forecast and opportunities, 2016 -2026 “ the report was added to ResearchAndMarkets.com from offer.

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Global Offshore AUV and ROV Market has been assessed 3.53 billion USD in 2020 and is expected to grow at an impressive 11.48% CAGR during 2021-2026.

The global market for offshore AUVs and ROVs is driven by the increasing discoveries of offshore oil and gas in various countries around the world.

In addition, these AUVs and ROVs help detect submerged rocks and obstructions and trigger alarms and alerts. Accordingly, they are highly preferred and used in the navigation system of marine vehicles. However, this is quite capital intensive and requires huge investment which restricts the growth of the market during the forecast period.

The exceptional services offered by Autonomous Underwater Vehicles (AUVs) as well as Remotely Operated Vehicles (ROVs) have created a huge demand across the world. Excessive use of fossil fuels has led to increasing adoption of AUVs and ROVs among end users across the world. The ever-increasing demand for hydrocarbons has prompted companies to focus on offshore drilling activities, to harness green energy.

The role of AUVs in studying the seabed prior to the construction of subsea infrastructure has fueled demand for AUVs in recent years. In addition, the integration of technologies such as intelligent control systems and sensor-based steering will contribute to an increase in demand for AUVs and ROVs across the world. The report encompasses several factors which have constituted an increase in the global offshore AUV & ROV market.

Regionally, the offshore AUV & ROV market has been segmented into various regions including Asia Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall offshore AUV & ROV market due to the increase in oil and gas projects, especially in the United States and Mexico.

Large companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new product development.

Goal of the study:

  • To analyze the historical growth in market size of the global offshore AUV & ROV market from 2016 to 2020.

  • Estimate and forecast the market size of the global offshore AUV & ROV market from 2021 to 2026 and the growth rate to 2026.

  • To classify and forecast the Global Offshore AUV & ROV Market on the basis of product type, propulsion system, depth, application, end-user, company, and regional distribution.

  • Identify the dominant region or segment in the global offshore AUV and ROV market.

  • Identify the drivers and challenges of the global offshore AUV and ROV market.

  • To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global Offshore AUV and ROV market.

  • Identify and analyze the profiles of the major players operating in the global offshore AUV & ROV market.

  • To identify the key sustainable strategies adopted by market players in the global Offshore AUV & ROV market.

The major players operating in the offshore AUV & ROV market are:

  • Oceaneering International, Inc

  • Fugro NV

  • Underwater DOF AS

  • Subsea 7, Inc

  • Groupe Helix Energy Solutions Inc

  • Atlas Electronik GmbH

  • Kongsberg Maritime AS

  • Deep Ocean Group

  • Saipem SpA

  • Teledyne Technologies Inc.

Years considered for this report:

Scope of the report:

Global Offshore AUV and ROV Market, By Product Type:

  • AUV

  • Portable Man

  • Large vehicle

  • Light vehicle (LWV)

  • Heavy vehicle (HWV)

  • ROV

  • Small vehicle

  • Work class vehicle

  • Heavy duty work class vehicle

  • Large capacity electric vehicle

Global Offshore AUV and ROV Market, By Propulsion System:

  • Hybrid system

  • Electrical system

  • Mechanical system

Global Offshore AUV and ROV Market, By Depth:

  • Less than 5000 feet

  • 5,000-10,000 feet

  • Above 10,000 feet

Global Offshore AUV and ROV Market, By Application:

  • Assistance for drilling and completion of wells

  • Construction aid

  • Inspection

  • Repair and maintenance service

  • Underwater engineering services and remote underwater intervention tool design

Global Offshore AUV and ROV Market, By End User:

  • Petroleum gas

  • Defense

  • Commercial

  • Scientific Research

Global Offshore AUV and ROV Market, By Region:

  • North America

  • Europe

  • Asia Pacific

  • South America

  • MEA

Main topics covered:

1. Product overview

2. Research methodology

3. Impact of COVID-19 on the global offshore AUV and ROV market

4. Executive summary

5. Voice of the customer

6. Global Offshore AUV and ROV Market Outlook

7. Asia-Pacific Offshore AUV and ROV Market Outlook

8. Outlook for the ROV and AUV offshore market in Europe

9. North America Offshore ROV and AUV Market Outlook

ten. Middle East & Outlook for the ROV and AUV offshore market in Africa

11. South America Offshore ROV and AUV Market Outlook

12. Market dynamics

13. Market trends and developments

14. Competitive landscape

For more information on this report, visit https://www.researchandmarkets.com/r/pxa571

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