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Global Underwater ROV Market Insights and Forecast to 2027
SKU ID : QYR-18157680 | Publishing Date : 30-Apr-2021 | No. of pages : 148
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An underwater remotely operated vehicle (ROV) is an unoccupied underwater robot that is connected to a ship by a series of cables. These cables transmit command and control signals between the operator and the ROV, allowing remote navigation of the vehicle. An ROV may include a video camera, lights, sonar systems, and an articulating arm. The articulating arm is used for retrieving small objects, cutting lines, or attaching lifting hooks to larger objects. The report mainly focuses on ROVs with max working depth between 100 to 500m.
This market has witnessed significant growth owing to increased usage in aquaculture, dams and ships inspection and scientific and research. Increased investment in underwater ROV by leading players is expected to favourably impact market growth over the forecast period.
The Asia Pacific is expected to be the fastest-growing market over the forecast period owing to extensive usage in the market. Developing Countries such as China, India and Southeast Asia have great potential due to the fast economy development.
For the underwater ROV industry, the market is concentrated. VideoRay, Teledyne and ECA Group are the leader companies globally. The top five manufacturers have more than 30% of the market share and they have expanded their sales worldwide.
Market Analysis and Insights: Global Underwater ROV Market
The global Underwater ROV market is valued at US$ 72 million in 2019. The market size will reach US$ 124.6 million by the end of 2026, growing at a CAGR of 8.5% during 2021-2026.
Global Underwater ROV Scope and Segment
Underwater ROV market is segmented by Type, and by Application. 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. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Max Depth 100-300m
Max Depth 301-500m
Segment by Application
Aquaculture
Dams and Ships Inspection
Scientific and Research
Others
By Company
VideoRay
Teledyne
Eca Group
Deep Trekker
SEAMOR Marine
Lighthouse
Saab
Deep Ocean Engineering
ROBOSEA
Blueye Robotics
Deepinfar
Shenzhen Vxfly
Nido Robotics
Subsea Tech
Blue Robotics
IROV Technologies
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
This market has witnessed significant growth owing to increased usage in aquaculture, dams and ships inspection and scientific and research. Increased investment in underwater ROV by leading players is expected to favourably impact market growth over the forecast period.
The Asia Pacific is expected to be the fastest-growing market over the forecast period owing to extensive usage in the market. Developing Countries such as China, India and Southeast Asia have great potential due to the fast economy development.
For the underwater ROV industry, the market is concentrated. VideoRay, Teledyne and ECA Group are the leader companies globally. The top five manufacturers have more than 30% of the market share and they have expanded their sales worldwide.
Market Analysis and Insights: Global Underwater ROV Market
The global Underwater ROV market is valued at US$ 72 million in 2019. The market size will reach US$ 124.6 million by the end of 2026, growing at a CAGR of 8.5% during 2021-2026.
Global Underwater ROV Scope and Segment
Underwater ROV market is segmented by Type, and by Application. 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. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Max Depth 100-300m
Max Depth 301-500m
Segment by Application
Aquaculture
Dams and Ships Inspection
Scientific and Research
Others
By Company
VideoRay
Teledyne
Eca Group
Deep Trekker
SEAMOR Marine
Lighthouse
Saab
Deep Ocean Engineering
ROBOSEA
Blueye Robotics
Deepinfar
Shenzhen Vxfly
Nido Robotics
Subsea Tech
Blue Robotics
IROV Technologies
Production by Region
North America
Europe
China
Japan
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
