Home > > > Report Detail

Offshore ROV Market by Type (Observation, Work, and Intervention), Depth (< 5,000, 5,000–10,000, and >10,000 Feet), Application (Completion, Construction, Repair & Maintenance, Design & Build, and Engineering), AUV, and Region - Global Forecast to 2023

Publisher Name :
Date: 11-Jul-2018
No. of pages: 125
Inquire Before Buying

 “The offshore ROV market is projected to grow at a CAGR of 3.27% during the forecast period.”

The offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1million by 2023, at a CAGR of 3.27% from 2018 to 2023.Rise in the demand for oil & gas is the key factor driving the offshore ROV market. The demand for oil & gas is continuously rising despite environmental pressure and growth of renewable resources. Road transportation accounted for more than 50% of the global demand for oil in 2016.However,the capital-intensive nature of the market can hinder the growth of the offshore ROV market.

“Inspection, Repair and Maintenance Services sub-segment of the application segment is expected to grow at the highest CAGR from 2018 to 2023.”

The Inspection, Repair and Maintenance Services of the application segment is expected to grow at the highest CAGR during the forecast period. The repair and maintenance of ageing offshore well helps to reduce the downtime. Operators also use ROVs for preventive maintenance of various subsea structures to avoid a sudden breakdown. These factors will drive the market of ROVs in this segment.

“South America: The fastest growing market for offshore ROV during the forecast period”

The South American offshore ROV market is the fastest growing market during the forecast period. The rise of offshore ultra-deep-water exploration and production activities and various CAPEX investments by major players in the offshore regions of South America are expected to drive the offshore ROV market in the region during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 35%, Tier 2- 45%, Tier 3- 20%

  • By Designation: C-Level- 35%, Manager-Level- 25%, and Others- 40%

  • By Region: North America – 45%, Europe – 20%, Asia Pacific – 27%, Middle East & Africa – 5%, and South America – 3%


Note: Others includes product managers, marketing managers, and sales managers.

The tier of the companies is defined on the basis of their total revenue as of 2016. Tier 1>USD 1 billion, Tier 2: From USD 500million to USD 1billion, and Tier 3:

The leading players in the offshore ROV market include Oceaneering (US), Subsea 7 (UK), Fugro (Netherlands), TechnipFMC (UK), Saipem (Italy), Forum (US), DOF (Norway), ECA (France), Deep Ocean Group (Norway), ISE (Canada), Deep Ocean Engineering (US), and AC-CESS (Scotland).

Research Coverage:

The report defines, describes, and forecasts the global offshore ROV market by type, depth, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the offshore ROV market.

Why buy this report?


  • The report identifies and addresses key markets for offshore ROV, which would help manufacturers review the growth in demand.

  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Offshore ROV Market by Type (Observation, Work, and Intervention), Depth (< 5,000, 5,000–10,000, and >10,000 Feet), Application (Completion, Construction, Repair & Maintenance, Design & Build, and Engineering), AUV, and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Offshore ROV Market
4.2 Market, By Type/Class
4.3 Market, By Application
4.4 Market, By Depth
4.5 Middle East & Africa: Market, By Country & Type/Class
4.6 Market, By Country

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Offshore Oil & Gas Discoveries in Prominent Countries
5.1.1.2 Rise in Demand for Oil & Gas
5.1.2 Restraints
5.1.2.1 Capital-Intensive Market
5.1.3 Opportunities
5.1.3.1 Arctic Discoveries
5.1.4 Challenges
5.1.4.1 High Operational Risk
5.1.4.2 Lack of Technical Expertise
5.2 Recent Trends
5.2.1 Automated ROV/Smart ROV

6 Offshore ROV Market, By Type/Class
6.1 Introduction
6.2 Observation Class
6.3 Work Class
6.4 Intervention/Inspection Class

7 Offshore ROV Market, By Application
7.1 Introduction
7.2 Drilling and Well Completion Support
7.3 Construction Support
7.4 Inspection, Repair, and Maintenance Service
7.5 Remote Subsea Intervention Tooling Design and Build
7.6 Subsea Engineering Services

8 Offshore ROV Market, By Depth
8.1 Introduction
8.2 Less Than 5,000 Feet
8.3 5,000–10,000 Feet
8.4 Above 10,000 Feet

9 AUV Market, By Type
9.1 Introduction
9.2 Small AUV (Depth Up to 100 M)
9.3 Medium AUV (Depth Up to 1,000 M)
9.4 Large AUV (Depth More Than 1,000 M)

10 Offshore ROV Market, By Region
10.1 Introduction
10.2 Middle East & Africa
10.2.1 By Type/Class
10.2.2 By Application
10.2.3 By Depth
10.2.4 By Country
10.2.4.1 The Kingdom of Saudi Arabia
10.2.4.2 UAE
10.2.4.3 Angola
10.2.4.4 Qatar
10.2.4.5 Rest of Middle East & Africa
10.3 Europe
10.3.1 By Type/Class
10.3.2 By Application
10.3.3 By Depth
10.3.4 By Country
10.3.4.1 Norway
10.3.4.2 Uk
10.3.4.3 Russia
10.3.4.4 Rest of Europe
10.4 Asia Pacific
10.4.1 By Type/Class
10.4.2 By Application
10.4.3 By Depth
10.4.4 By Country
10.4.4.1 Thailand
10.4.4.2 China
10.4.4.3 India
10.4.4.4 Australia
10.4.4.5 Rest of Asia Pacific
10.5 South America
10.5.1 By Type/Class
10.5.2 By Application
10.5.3 By Depth
10.5.4 By Country
10.5.4.1 Brazil
10.5.4.2 Trinidad
10.5.4.3 Rest of South America
10.6 North America
10.6.1 By Type/Class
10.6.2 By Application
10.6.3 By Depth
10.6.4 By Country
10.6.4.1 US
10.6.4.2 Canada
10.6.4.3 Mexico

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Contracts & Agreements
11.3.3 Others

12 Company Profiles
12.1 Competitive Benchmarking
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.2 Oceaneering International
12.3 Subsea 7
12.4 Fugro
12.5 Technipfmc
12.6 Saipem
12.7 Forum Energy Technologies
12.8 DOF Subsea
12.9 ECA Group
12.10 Deepocean
12.11 International Submarine Engineering
12.12 Deep Ocean Engineering
12.13 Ac-Cess

*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables
Table 1 Offshore ROV Market Share Snapshot
Table 2 Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 3 Observation Class: Market Size, By Region, 2016–2023 (USD Million)
Table 4 Work Class: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Intervention/Inspection Class: Market Size, By Region, 2016–2023 (USD Million)
Table 6 Offshore ROV Market Size, By Application, 2016–2023 (USD Million)
Table 7 Drilling and Well Comletion Support: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Construction Support: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Inspection, Repair, and Maintenance Service: Market Size, By Region, 2016–2023 (USD Million)
Table 10 Remote Subsea Intervention Tooling Design and Build: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Subsea Engineering Services: Market Size, By Region, 2016–2023 (USD Million)
Table 12 Offshore ROV Market Size, By Depth, 2016–2023 (USD Million)
Table 13 Less Than 5,000 Feet: Market Size, By Region, 2016–2023 (USD Million)
Table 14 5,000–10,000 Feet: Market Size, By Region, 2016–2023 (USD Million)
Table 15 Above 10,000 Feet: Market Size, By Region, 2016–2023 (USD Million)
Table 16 AUV Market Size, By Type, 2016–2023 (USD Million)
Table 17 Offshore ROV Market Size, By Region, 2016–2023 (USD Million)
Table 18 Offshore ROV and AUV Market Size, By Region, 2016–2023 (USD Million)
Table 19 Top Five Largest Countries: Offshore ROV Market Size, 2016–2023 (USD Million)
Table 20 Top Five Fastest Growing Countries: Market, 2016–2023 (USD Million)
Table 21 Largest Market in Every Region: Market Size, 2016–2023 (USD Million)
Table 22 Middle East & Africa: Offshore ROV Market Size, By Country, 2016–2023 (USD Million)
Table 23 Middle East & Africa: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 24 Middle East & Africa: Market Size, By Application 2016–2023 (USD Million)
Table 25 Middle East & Africa: Market Size, By Depth, 2016–2023 (USD Million)
Table 26 The Kingdom of Saudi Arabia: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 27 UAE: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 28 Angola: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 29 Qatar: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 30 Rest of the Middle East & Africa: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 31 Europe: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 32 Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 33 Europe: Market Size, By Depth, 2016–2023 (USD Million)
Table 34 Europe: Market Size, By Country,2016–2023 (USD Million)
Table 35 Norway: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 36 UK: Market Size, By Type/Class,2016–2023 (USD Million)
Table 37 Russia: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 38 Rest of Europe: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 39 Asia Pacific: Offshore ROV Market Size, By Country, 2016–2023 (USD Million)
Table 40 Asia Pacific: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 41 Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 42 Asia Pacific: Market Size, By Depth, 2016–2023 (USD Million)
Table 43 Thailand: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 44 China: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 45 India: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 46 Australia: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 47 Rest of Asia Pacific: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 48 South America: Offshore ROV, By Type/Class, 2016–2023 (USD Million)
Table 49 South America: Market Size, By Application, 2016–2023 (USD Million)
Table 50 South America: Market Size, By Depth, 2016–2023 (USD Million)
Table 51 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 52 Brazil: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 53 Trinidad: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 54 Rest of Africa: Market Size, By Type/Class, 2016–2023 (USD Million)
Table 55 North America: Offshore ROV Market Size, By Type/Class, 2016–2023 (USD Million)
Table 56 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 57 North America: Market Size, By Depth, 2016–2023 (USD Million)
Table 58 North America: Market Size, By Country, 2016–2023(USD Million)
Table 59 US: Market Size, By Type/Class, 2016–2023(USD Million)
Table 60 Canada: Market Size, By Type/Class, 2016–2023(USD Million)
Table 61 Mexico: Market Size, By Type/Class, 2016–2023(USD Million)
Table 62 Market Development Between 2015 and 2018
Table 63 New Product Launches, 2015–2018
Table 64 Contracts & Agreements, 2015–2018
Table 65 Others, 2015–2018

List of Figures
Figure 1 Markets Covered: Market
Figure 2 Offshore ROV Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Observation Class Segment is Expected to Dominate the Market During the Forecast Period
Figure 8 Drilling and Well Completion Support Segment is Expected to Lead the Market During the Forecast Period
Figure 9 5,000–10,000 Feet Segment is Expected to Dominate the Market During the Forecast Period
Figure 10 The Middle East & Africa Led the Market in 2017
Figure 11 Increasing Offshore Oil & Gas Drilling and Exploration Activities Across the World is Driving the Market During the Forecast Period
Figure 12 Observation Class Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Drilling and Well Completion Support Segment is Expected to Dominate the Market During the Forecast Period
Figure 14 5,000-10,000 Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 The Market in the Kingdom of Saudi Arabia Held the Largest Share of the Market in the Middle East & Africa in 2017
Figure 16 The Market in Brazil is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Offshore ROV: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Energy Consumption By Region
Figure 19 Regional Distribution of Undiscovered Arctic Oil Resources, 2016
Figure 20 The Observation Class Segment is Expected to Dominate the Market During the Forecast Period
Figure 21 The Drilling and Well Completion Support Segment Led the Market in 2017
Figure 22 The 5,000–10,000 Feet Segment is Expected to Dominate the Market During the Forecast Period
Figure 23 AUV Market, By Type, 2017
Figure 24 Regional Snapshot: the Market in South America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 The Middle East & African Market is Expected to Be the Largest for the Market During the Forecast Period
Figure 26 The Middle East & African Market is Expected to Be the Largest for the Offshore ROV and AUV Market During the Forecast Period
Figure 27 Middle East & Africa Market Snapshot
Figure 28 The Kingdom of Saudi Arabia Led the Market in 2017
Figure 29 Asia Pacific Market Snapshot
Figure 30 Thailand: the Largest Market in Asia Pacific, 2017
Figure 31 Brazil is Expected to Hold the Largest Market Share in the South American Market
Figure 32 Key Developments in the Market, 2015–2018
Figure 33 Oceaneering Led the Market in 2017
Figure 34 Benchmarking of Top 6 Players
Figure 35 Oceaneering International: Company Snapshot
Figure 36 Subsea 7: Company Snapshot
Figure 37 Fugro: Company Snapshot
Figure 38 Technipfmc: Company Snapshot
Figure 39 Saipem: Company Snapshot
Figure 40 Forum Energy Technologies: Company Snapshot
Figure 41 DOF Subsea: Company Snapshot
Figure 42 ECA Group: Company Snapshot

  • Global Wind Solar Hybrid System Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 89
    The global Wind Solar Hybrid System market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. It is expected that global demand for photovoltaic products will remain high in The next few years. According to our PV & Solar Research Center, by The end of 2022, The global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to The data of China Photovoltaic In......
  • Global Wind Power Converter System Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 100
    The global Wind Power Converter System market was valued at US$ 346 million in 2023 and is anticipated to reach US$ 587.1 million by 2030, witnessing a CAGR of 7.1% during The forecast period 2024-2030. According to The Global Wind Report 2023 released by The Global Wind Energy Council, by 2024, The newly installed capacity of global onshore wind power will exceed 100GW for The first time; by 2025, The newly installed capacity of global offshore wind power will also reach 25GW. In T......
  • Global Telecom Energy Systems Integration Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 85
    The global Telecom Energy Systems Integration market was valued at US$ 4216.7 million in 2023 and is anticipated to reach US$ 6022.5 million by 2030, witnessing a CAGR of 5.3% during The forecast period 2024-2030. The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by The end of 2022, The number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.......
  • Global Graphene-Based Dye-Sensitized Solar Cell Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 85
    The global Graphene-Based Dye-Sensitized Solar Cell market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. China has implemented The Renewable Energy Law since 2006, in which Article 4 clearly states that, The State gives first priority to The exploration of renewable energy. Over The years, various departments of The Chinese government have successively issued a large number of policies,......
  • Global Moderator Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 77
    A moderator is a substance added to a reactor to slow down The speed of neutrons in order to allow The fission reaction to proceed efficiently. The global Moderator market was valued at US$ 216 million in 2023 and is anticipated to reach US$ 283.7 million by 2030, witnessing a CAGR of 2.9% during The forecast period 2024-2030. The market for nuclear reactor moderators is primarily in The nuclear power industry. Trends include advancements in reactor design and safety fe......
  • Global Metallic Cable Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 88
    The global Metallic Cable market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Metallic Cable is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Metallic Cable is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CA......
  • Global Insulated Sheathed Cable Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 86
    Insulated Sheathed Cable with insulating sheath layer refers to The single core or multiple core wires. The global Insulated Sheathed Cable market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Insulated Sheathed Cable is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030......
  • Global Sheathed Cable Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 88
    The global Sheathed Cable market was valued at US$ 155 million in 2023 and is anticipated to reach US$ 214.8 million by 2030, witnessing a CAGR of 4.6% during The forecast period 2024-2030. North American market for Sheathed Cable is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Sheathed Cable is estimated to increase from $ million in 2023 to reach $ million by ......
  • Global Power-limited Circuit Cable Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 86
    Power-limited circuit cables are electrical cables designed for low-voltage, limited-power applications. They are commonly used for wiring in security systems, intercoms, fire alarms, and other low-energy circuits. The global Power-limited Circuit Cable market was valued at US$ 115 million in 2023 and is anticipated to reach US$ 149.3 million by 2030, witnessing a CAGR of 4.6% during The forecast period 2024-2030. The market for power-limited circuit cables is driven by......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs