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Remotely operated vehicles (ROVs) are underwater robots that are connected to an operator through a series of cables that transmit command and control signals to and from the underwater vehicle and the operator, allowing for the remote navigation of the vehicle. The evolution of ROV technology has resulted in the ever-growing application in military and defense, scientific research, oil and gas operations. ROVs are equipped cameras, high-frequency image sonar, and lights, which allow the operator to drive the equipment. Additionally, a manipulator, cutting arm, water sampler, and other instruments that measure water temperature and clarity may also be used.
The Remotely Operated Vehicles (ROVs) market revenue was 2915.26 Million USD in 2022, and will reach 5459.74 Million USD in 2028, with a CAGR of 11.02% during 2022-2028.
This report elaborates the market size, market characteristics, and market growth of the Remotely Operated Vehicles (ROVs) industry, and breaks down according to the type, application, and consumption area of Remotely Operated Vehicles (ROVs). The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describes the leading companies.
In Chapter 2.3 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Remotely Operated Vehicles (ROVs) in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
Chapter 2.5 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.
In addition, chapters 6-10 consider the impact of COVID-19 on the regional economy.
Key players in the global Remotely Operated Vehicles (ROVs) market covered in Chapter 11:
Oceaneering International, Inc.
Fugro
Subsea 7
Helix Energy Solutions Group
Saab AB
DeepOcean AS
TechnipFMC PLC
Teledyne Technologies Inc.
DOF ASA
Sapura Energy Berhad
In Chapter 3, on the basis of types, the Remotely Operated Vehicles (ROVs) market from 2018 to 2028 is primarily split into:
Observation Vehicle
Work Class Vehicle
Towed & Bottom-Crawling Vehicle
In Chapter 4, on the basis of applications, the Remotely Operated Vehicles (ROVs) market from 2018 to 2028 covers:
Commercial
Defense
Scientific Research
Miscellaneous
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2028) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10:
North America (Covered in Chapter 6)
United States
Canada
Mexico
Europe (Covered in Chapter 7)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 8)
China
Japan
South Korea
Australia
India
Middle East and Africa (Covered in Chapter 9)
Saudi Arabia
UAE
Egypt
South Africa
South America (Covered in Chapter 10)
Brazil
Argentina
Columbia
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028