Covid-19 Impact on Global Underwater ROV Market Insights, Forecast to 2026

Underwater ROV is different from remote control vehicles operating on land or in the air. ROVs are unoccupied, usually highly maneuverable, and operated by a crew either aboard a vessel/floating platform or on proximate land. They are common in deepwater industries such as offshore hydrocarbon extraction. They are linked to a host ship by a neutrally buoyant tether or, often when working in rough conditions or in deeper water, a load-carrying umbilical cable is used along with a tether management system (TMS). The TMS is either a garage-like device which contains the ROV during lowering through the splash zone or, on larger work-class ROVs, a separate assembly which sits on top of the ROV. The purpose of the TMS is to lengthen and shorten the tether so the effect of cable drag where there are underwater currents is minimized. The umbilical cable is an armored cable that contains a group of electrical conductors and fiber optics that carry electric power, video, and data signals between the operator and the TMS. Where used, the TMS then relays the signals and power for the ROV down the tether cable. Once at the ROV, the electric power is distributed between the components of the ROV. However, in high-power applications, most of the electric power drives a high-power electric motor which drives a hydraulic pump. The pump is then used for propulsion and to power equipment such as torque tools and manipulator arms where electric motors would be too difficult to implement subsea. Most ROVs are equipped with at least a video camera and lights. Additional equipment is commonly added to expand the vehicle's capabilities. These may include sonars, magnetometers, a still camera, a manipulator or cutting arm, water samplers, and instruments that measure water clarity, water temperature, water density, sound velocity, light penetration, and temperature. Also optical-stereo cameras have been mounted on ROVs in order to improve the pilots' perception of the underwater scenario.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Underwater ROV market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Underwater ROV industry.
Based on our recent survey, we have several different scenarios about the Underwater ROV YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Underwater ROV will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Underwater ROV market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Underwater ROV market in terms of both revenue and volume.
Players, stakeholders, and other participants in the global Underwater ROV market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Production and Pricing Analyses
Readers are provided with deeper production analysis, import and export analysis, and pricing analysis for the global Underwater ROV market. As part of production analysis, the report offers accurate statistics and figures for production capacity, production volume by region, and global production and production by each type segment for the period 2015-2026.
In the pricing analysis section of the report, readers are provided with validated statistics and figures for price by manufacturer and price by region for the period 2015-2020 and price by each type segment for the period 2015-2026. The import and export analysis for the global Underwater ROV market has been provided based on region.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Underwater ROV market, covering important regions, viz, North America, Europe, China, Japan, South Korea and India. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of volume for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Underwater ROV market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Underwater ROV market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Underwater ROV market.

The following manufacturers are covered in this report:

Oceaneering
Geneinno
PowerVision
Blue Robotics
Deep Trekker
Notilo Plus
Blueye Robotics
Specialist Machine Developments
ROBOSEA
Sofar
Fathom
AQUABOTIX
VideoRay
Chasing
Underwater ROV Breakdown Data by Type
General ROV
Light Workclass ROV
Heavy Workclass ROV
Trenching & Burial ROV
Underwater ROV Breakdown Data by Application
Science Use
Military Use
Educational Outreach
Broadcast Use
Hobby Use