Dublin, Nov. 04, 2024 (GLOBE NEWSWIRE) — The “Offshore AUV & ROV Market by Product, Propulsion, Application, End-use – Global Forecast 2025-2030” report has been added to ResearchAndMarkets.com’s offering.
The Offshore AUV & ROV Market grew from USD 1.39 billion in 2023 to USD 1.53 billion in 2024. It is expected to continue growing at a CAGR of 10.18%, reaching USD 2.75 billion by 2030.
Market growth is primarily driven by the increasing offshore oil & gas activities, rising naval defense budgets, and advancements in sensor technologies, which improve underwater vehicle functionalities and capabilities. Emerging opportunities exist in renewable energy, notably for offshore wind farms, where maintenance and inspection require reliable underwater technologies.
Challenges for the market lie in high operational costs and technical complexities, like real-time data processing and navigation in cluttered environments. To navigate these challenges, areas for innovation include development of energy-efficient propulsion systems, advanced AI for better decision-making in unstructured environments, and enhanced communication systems to improve real-time operations. Moreover, research into hybrid AUV-ROV systems could offer versatility and scalability for diverse operational needs.
As the nature of the market is highly competitive and technology-driven, companies that consistently innovate and offer integrated solutions stand to gain a significant edge. Addressing safety concerns and enhancing user-friendly operations could entice new adopters, particularly in emerging economic regions. Additionally, collaborations and partnerships focused on R&D and technology sharing could provide sustainable pathways to market expansion.
This report provides a detailed overview of the Offshore AUV & ROV market, exploring several key areas:
Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Market Dynamics in the Offshore AUV & ROV Market
Market Drivers
Rising offshore oil and gas production activities and increasing decommissioning activities
Increasing demand for energy to meet the ever-growing population worldwide
Growing government support to improve the offshore wind sector
Market Restraints
Market Opportunities
Market Challenges
Key Topics Covered
Exploring Porter’s Five Forces for the Offshore AUV & ROV Market
Applying PESTLE Analysis to the Offshore AUV & ROV Market
Analyzing Market Share in the Offshore AUV & ROV Market
Evaluating Vendor Success with the FPNV Positioning Matrix in the Offshore AUV & ROV Market
Strategic Recommendations for Success in the Offshore AUV & ROV Market
Key Company Profiles
The report delves into recent significant developments in the Offshore AUV & ROV Market, highlighting leading vendors and their innovative profiles. These include:
Atlas Elektronik GmbH
BAE Systems PLC
Birns Inc.
Blue Robotics Inc.
Cathx Ocean Limited
Cellula Robotic
Coda Octopus Products Ltd.
Deep Trekker Inc. by Halma PLC
DeepOcean
DOF Subsea AS
Fugro
General Dynamics Mission Systems, Inc.
Helix Energy Solutions Group
International Submarine Engineering Limited
IROV Technologies Pvt. Ltd.
KOKS Robotics
Kongsberg Gruppen ASA
NAUTICUS ROBOTICS
Oceaneering International, Inc.
RS Aqua Ltd.
SAAB AB
Saipem S.p.A.
SEATREPID INTERNATIONAL, LLC
STAPEM Offshore
Subsea 7 S.A.
TechnipFMC PLC
Teledyne Marine
UNSINKABLE Robotics
Market Segmentation & Coverage
This research report categorizes the Offshore AUV & ROV Market to forecast the revenues and analyze trends in each of the following sub-markets:
Product
Propulsion
Electric System
Hybrid System
Mechanical System
Application
Construction Support
Drilling & Well Completion Support
Inspection, Repair & Maintenance Service
Remote Subsea Intervention Tooling Design & Build
Subsea Engineering Services
End-use
Defense
Oil & Gas
Scientific Research
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
What is the current size of the market, and how is it expected to grow?
Which products, segments, and regions present the most attractive investment opportunities?
What are the prevailing technology trends and regulatory factors influencing the market?
How do top vendors rank regarding market share and competitive positioning?
What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
Key Attributes
Report Attribute
Details
No. of Pages
196
Forecast Period
2024-2030
Estimated Market Value (USD) in 2024
$1.53 Billion
Forecasted Market Value (USD) by 2030
$2.75 Billion
Compound Annual Growth Rate
10.1%
Regions Covered
Global
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