Global Offshore AUV and ROV Market to Reach $7.2 Billion by 2026 – Yahoo Finance

Abstract: Global Offshore AUV and ROV Market to Reach $7. 2 Billion by 2026 . Offshore Autonomous Underwater Vehicle (AUV) is an untethered, self-propelled, and unmanned underwater machine utilized to perform simple tasks without any human supervision.

New York, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Offshore AUV and ROV Industry" - https://www.reportlinker.com/p05900655/?utm_source=GNW Offshore AUVs are utilized extensively for mapping seafloor by surveying the platforms or to distinguish the chemical, biological, or physical properties of the water. Remotely Operated Vehicles (ROVs) have become more important in the offshore sector of the oil and gas industry for subsea construction and drilling support to allow deep-water exploration and development projects throughout the world. From decommissioning projects to exploration drilling, ROVs are widely used in the offshore sector. End-users are increasingly adopting AUV and ROV as a result of the high utilization of fossil fuels. The ever-increasing need for hydrocarbons has prompted corporations to concentrate their efforts on offshore drilling to boost green energy. In recent years, the importance of AUVs in researching seafloors before the installation of subsea infrastructure has driven demand for AUVs. Incorporating technologies like sensor-based steering and intelligent control systems are also expected to contribute to market growth.

Amid the COVID-19 crisis, the global market for Offshore AUV and ROV estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$7.2 Billion by 2026, growing at a CAGR of 14.3% over the analysis period. ROV, one of the segments analyzed in the report, is projected to grow at a 13.6% CAGR to reach US$6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the AUV segment is readjusted to a revised 16.4% CAGR for the next 7-year period. This segment currently accounts for a 25% share of the global Offshore AUV and ROV market. The rising use of ROVs in a variety of industries, including search & rescue, marine biology, military, oil and gas, submerged infrastructure, and aquaculture, as well as advancements in ROV technology, is anticipated to drive growth in the segment. The need for big AUVs for military and defense applications, as well as oil and gas exploration, is driving the expansion of the AUV market segment.

The U.S. Market is Estimated at $597.6 Million in 2021, While China is Forecast to Reach $522.3 Million by 2026

The Offshore AUV and ROV market in the U.S. is estimated at US$597.6 Million in the year 2021. The country currently accounts for a 16.7% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$522.3 Million in the year 2026 trailing a CAGR of 13.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.8% and 11.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR while Rest of European market (as defined in the study) will reach US$605.1 Million by the end of the analysis period. The rising usage of ROV & AUV in the oil and gas industries has been instrumental in the growth of the offshore ROV and AUV market in the Middle East, the largest regional market. Another factor boosting the market in the area is the growing global demand for oil and gas-based goods. Presence of several oil-producing countries in the Middle East and Latin America is a key factor for large markets of offshore ROV and AUV in these regions. North America is another key market, due to growing number of oil & gas projects, particularly in the United States and Mexico. Select Competitors (Total 48 Featured)

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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

Read the full report: https://www.reportlinker.com/p05900655/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation EXHIBIT 1: 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 EXHIBIT 2: Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion) EXHIBIT 3: 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 EXHIBIT 4: 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 EXHIBIT 5: 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 EXHIBIT 6: World Offshore AUV & ROV Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027) EXHIBIT 7: 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 EXHIBIT 8: 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 EXHIBIT 9: 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 EXHIBIT 10: Global Oil Production: Percentage Breakdown of Production by Onshore, Offshore, and Offshore Deep Water Activity for 2010 & 2019 EXHIBIT 11: World Average Rig Count by Region (2016-2020) EXHIBIT 12: Technology Use in Oil and Gas Industry: % of Companies Using Technology in Operations Sluggish Tide in Oil & Gas Sector Niggles Market Momentum EXHIBIT 13: Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021 EXHIBIT 14: 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 Table 1: World Current & Future Analysis for Offshore AUV and ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Offshore AUV and ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Offshore AUV and ROV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027

Table 4: World Current & Future Analysis for ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for ROV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for ROV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for AUV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for AUV by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for AUV by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 16: World Current & Future Analysis for Scientific Research by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Scientific Research by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 18: World 15-Year Perspective for Scientific Research by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 22: World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES Table 25: USA Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 26: USA Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 27: USA 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 28: USA Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 29: USA Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 30: USA 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

CANADA Table 31: Canada Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Canada Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 33: Canada 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 34: Canada Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 35: Canada Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 36: Canada 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

JAPAN Table 37: Japan Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 38: Japan Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 39: Japan 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 40: Japan Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 41: Japan Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 42: Japan 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

CHINA Table 43: China Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 44: China Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 45: China 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 46: China Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 47: China Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 48: China 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

EUROPE Table 49: Europe Current & Future Analysis for Offshore AUV and ROV by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 50: Europe Historic Review for Offshore AUV and ROV by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 51: Europe 15-Year Perspective for Offshore AUV and ROV by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027

Table 52: Europe Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 53: Europe Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 54: Europe 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 55: Europe Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 56: Europe Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 57: Europe 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

FRANCE Table 58: France Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 59: France Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 60: France 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 61: France Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 62: France Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 63: France 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

GERMANY Table 64: Germany Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 65: Germany Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 66: Germany 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 67: Germany Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 68: Germany Historic Review for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 69: Germany 15-Year Perspective for Offshore AUV and ROV by Application - Percentage Breakdown of Value Sales for Oil & Gas, Defense, Scientific Research, Commercial and Other Applications for the Years 2012, 2021 & 2027

ITALY Table 70: Italy Current & Future Analysis for Offshore AUV and ROV by Segment - ROV and AUV - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Table 71: Italy Historic Review for Offshore AUV and ROV by Segment - ROV and AUV Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 72: Italy 15-Year Perspective for Offshore AUV and ROV by Segment - Percentage Breakdown of Value Sales for ROV and AUV for the Years 2012, 2021 & 2027

Table 73: Italy Current & Future Analysis for Offshore AUV and ROV by Application - Oil & Gas, Defense, Scientific Research, Commercial and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR

Excerpt from:

Global Offshore AUV and ROV Market to Reach $7.2 Billion by 2026 - Yahoo Finance