North America ROV Market By Size (Observation Class, Small, Work Class), Application (Military & Defense, Oil & Gas, Environmental Protection & Monitoring, Oceanography, Archaeology & Exploration), System, Speed, Propulsion, and Country - Forecast to 2030

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USD 1.14 BN
MARKET SIZE, 2030
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CAGR 7.9%
(2025-2030)
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150
REPORT PAGES
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120
MARKET TABLES

OVERVIEW

North America ROV Market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The remotely operated vehicle market in North America is projected to grow from USD 0.78 billion in 2025 to USD 1.14 billion by 2030 at a CAGR of 7.9%. In terms of volume, it will reach 8,256 units by 2030, from 4,614 units in 2025. This growth is driven by rising demand for advanced subsea inspection, expanding offshore energy activities, and increasing adoption of ROVs across defense and critical infrastructure applications.

KEY TAKEAWAYS

  • By Country
    The US is estimated to account for an 84.0% revenue share in 2025.
  • By Size
    The observation class segment is projected to record the highest CAGR of 11.6% between 2025 and 2030.
  • By Application
    Military & defense is expected to be the largest segment during the forecast period.
  • Competitive Landscape
    L3Harris Technologies, Inc., Teledyne SeaBotix, and Oceaneering International were identified as star players in the remotely operated vehicle market in North America, given their strong market share and product footprint.

The remotely operated vehicle market in North America is witnessing accelerated demand driven by increased investment in subsea asset integrity, technological advancements in electric and hybrid ROV systems, and widening use cases across commercial, industrial, and security sectors.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The impact on customers’ customers in the remotely operated vehicle market in North America is influenced by rising needs for remote inspection, offshore infrastructure monitoring, and next-generation digital workflows across deepwater, coastal, and inland environments. End users are shifting toward remote operations centers, ROV–USV integrated missions, and AI-assisted inspection models to enhance safety, reduce vessel dependence, and improve operational continuity. Growing emphasis on automation, resident docking systems, and advanced imaging sensors is strengthening efficiency and accelerating demand for modern ROV platforms, data-rich inspection services, and mission-critical subsea capabilities across the region.

North America ROV Market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rapid adoption of high-resolution imaging and survey technologies
  • Expansion of inland and near-shore infrastructure inspection activities
RESTRAINTS
Impact
Level
  • Limited interoperability across multi-vendor subsea systems
  • Slow modernization of regulatory frameworks for autonomous and remote ROV operations
OPPORTUNITIES
Impact
Level
  • Growth of data analytics, AI-based anomaly detection, and digital twin services
  • Elevated demand for ROVs in subsea telecom and power cable monitoring
CHALLENGES
Impact
Level
  • Operational disruptions due to extreme weather variability and short weather windows
  • Logistics complexity for mobilizing equipment to remote or Arctic locations

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rapid adoption of high-resolution imaging and survey technologies

Energy operators, port authorities, and infrastructure owners in North America are increasingly relying on HD video, multibeam sonar, and laser-scanning ROV payloads to meet stricter inspection and integrity-management standards. This shift toward data-rich workflows is expanding demand for advanced ROV systems capable of delivering higher accuracy, faster assessments, and improved decision-making.

Restraint: Limited interoperability across multi-vendor subsea systems

ROV operators often face integration challenges when connecting navigation sensors, tooling, datasets, and client platforms sourced from different vendors. This fragmentation increases engineering time, elevates deployment costs, and slows operational readiness across US and Canadian offshore and near-shore projects.

Opportunity: Growth of data analytics, AI-based anomaly detection, and digital twin services

North American operators are investing heavily in AI-driven inspection platforms that automatically identify defects, classify anomalies, and feed digital-twin models for predictive maintenance. This creates higher-margin service opportunities for ROV providers as clients shift from raw video delivery to insight-based integrity solutions.

Challenge: Operational disruptions due to extreme weather variability and short weather windows

Hurricanes, Arctic conditions, and rapidly shifting marine weather patterns in the Gulf of Mexico, US East Coast, and Atlantic Canada restrict safe deployment windows. These conditions increase scheduling complexity, prolong project timelines, and elevate vessel and ROV utilization risks for service providers.

North America ROV Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Energy operators required advanced subsea inspection and intervention services across deepwater Gulf of Mexico assets, including pipeline surveys, riser inspections, and complex repair programs, where traditional inspection methods could not meet depth, precision, or safety requirements. Enables high-accuracy asset integrity assessment, reduces downtime by accelerating fault detection and repair, enhances operational safety by reducing diver exposure, and ensures continuous production across aging deepwater infrastructure.
Pipeline operators needed high-resolution seabed and buried-pipeline surveys for integrity verification, burial depth validation, and anomaly detection, particularly across challenging seabed conditions where conventional acoustic tools delivered insufficient detail. Improves survey accuracy using ultra-high-resolution imaging, supports predictive maintenance through detailed anomaly mapping, reduces inspection time compared to traditional towed systems, and strengthens compliance with regulatory integrity-management requirements.
Port authorities, utilities, and civil engineering firms required reliable inspection of submerged infrastructure such as dams, intake systems, pilings, and confined-space reservoirs where diver deployment posed safety risks or operational constraints. Enables safe, non-disruptive inspections without diver intervention, reduces operational downtime for critical assets, lowers inspection cost for inland and near-shore structures, and enhances structural assessment through HD visual data and real-time diagnostics.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The remotely operated vehicle market ecosystem in North America is shaped by prominent OEMs such as L3Harris, Teledyne, Oceaneering, and Forum Energy, supported by specialized innovators, including Deep Trekker, International Submarine Engineering, Oceanbotics, and MarineNav. These companies integrate advanced sensing suites, high-performance manipulators, and mission-ready tooling to deliver robust ROV systems for naval ISR, port security, subsea infrastructure inspection, and offshore energy operations.

North America ROV Market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

North America ROV Market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

North America Remotely Operated Vehicle Market, By Size

Work-class ROVs dominate the North American market, as their high power, advanced tooling capability, and ability to operate at greater depths make them ideal for deepwater inspection, complex intervention tasks, naval ISR missions, and subsea infrastructure maintenance. Their versatility across construction, repair, and heavy-duty operations positions them as the preferred class for offshore energy operators, defense agencies, and scientific institutions.

North America Remotely Operated Vehicle Market, By Propulsion

Electric ROVs are the largest propulsion category, driven by advancements in high-efficiency motors, improved battery systems for lighter units, and enhanced onboard power management technologies. Their quiet operation, lower maintenance requirements, and strong suitability for inspection, monitoring, and defense-related tasks make them suitable for North American offshore operators, government agencies, and environmental monitoring programs.

North America Remotely Operated Vehicle Market, By Application

Military & defense applications remain prevalent, supported by growing investments in subsea ISR, mine countermeasure missions, port security, and undersea threat detection across the US and Canada. Defense agencies increasingly deploy ROVs to enhance domain awareness, secure critical maritime infrastructure, and support multi-mission operations in strategic waters, strengthening their role in national security modernization programs.

REGION

US to be fastest-growing country in North America during forecast period

The US remotely operated vehicle market is expected to register the highest CAGR during the forecast period, driven by expanding offshore wind development along the East Coast and increasing federal investment in subsea inspection, defense modernization, and critical infrastructure monitoring.

North America ROV Market Region

North America ROV Market: COMPANY EVALUATION MATRIX

In the remotely operated vehicle market in North America, L3Harris (Star) leads with strong market share and an extensive product footprint, supported by its broad portfolio of mission-ready ROV systems deployed across defense, offshore energy, and subsea infrastructure programs. DeepOcean (Emerging Leader) is strengthening its position through advanced work-class capabilities, integrated tooling solutions, and expanding offshore service adoption that enhance operational efficiency and multi-mission performance. While L3Harris maintains leadership through technological depth and large-scale deployment, DeepOcean shows significant potential to advance toward the leaders’ quadrant as demand rises for high-performance, intervention-ready subsea systems across commercial and government sectors.

North America ROV Market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 0.73 BN
Market Forecast in 2030 (Value) USD 1.14 BN
Growth Rate CAGR of 7.9% from 2025–2030
Years Considered 2021–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD MN/BN), Volume (Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • Size:
    • Observation Class
    • Medium/Small
    • Work Class
  • Speed:
    • <5 Knots
    • >5 Knots
  • Propulsion:
    • Electric ROV
    • Mechanical ROV
    • Hybrid ROV
  • Application:
    • Military & Defense
    • Oil & Gas
    • Environmental protection & Monitoring
    • Oceanography
    • Archaeology & Exploration
    • Search & Salvage Operation
  • System:
    • Collsion Avoidance
    • Communication & Networking
    • Navigation & Guidance
    • Propulsion & Mobility
    • Payload & Sensor
    • Chassis
    • Power & Energy System
    • Other Systems
Countries Covered US, Canada

WHAT IS IN IT FOR YOU: North America ROV Market REPORT CONTENT GUIDE

North America ROV Market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Leading Manufacturer Additional segment breakdown for countries Additional country-level market sizing tables for segments/sub-segments covered at regional/global level to gain understanding of market potential by each country
Emerging Leader Additional company profiles Competitive information on targeted players to gain granular insights on direct competition
Regional Market Leader Additional country market estimates Additional country-level deep dive for more targeted understanding of total addressable market

RECENT DEVELOPMENTS

  • March 2025 : DeepOcean (US) secured an eight-year subsea inspection, maintenance, and repair (IMR) contract with Equinor, expanding its work-class ROV service footprint and strengthening long-term operational support for offshore energy infrastructure across North America.
  • March 2025 : VideoRay (US), now part of BlueHalo, received a USD 30.7 million contract from the US Navy to supply Mission Specialist Defender ROV systems for the Maritime Expeditionary Standoff Response program, enhancing expeditionary undersea security and reconnaissance capability.
  • March 2025 : Edison Chouest Offshore (US) acquired ROV manufacturer Kystdesign to expand its subsea robotics portfolio, strengthening domestic ROV production capacity and enabling integrated offshore service delivery for US Gulf and Atlantic operations.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
 
4.2.1
DRIVERS
 
 
 
 
 
4.2.1.1
RAPID ADOPTION OF HIGH-RESOLUTION IMAGING AND SURVEY TECHNOLOGIES
 
 
 
 
4.2.1.2
EXPANSION OF INLAND AND NEAR-SHORE INFRASTRUCTURE INSPECTION ACTIVITIES
 
 
 
4.2.2
RESTRAINTS
 
 
 
 
 
4.2.2.1
LIMITED INTEROPERABILITY ACROSS MULTI-VENDOR SUBSEA SYSTEMS
 
 
 
 
4.2.2.2
SLOW MODERNIZATION OF REGULATORY FRAMEWORKS FOR AUTONOMOUS AND REMOTE ROV OPERATIONS
 
 
 
4.2.3
OPPORTUNITIES
 
 
 
 
 
4.2.3.1
GROWTH OF DATA ANALYTICS, AI-BASED ANOMALY DETECTION, AND DIGITAL TWIN SERVICES
 
 
 
 
4.2.3.2
ELEVATED DEMAND FOR ROVS IN SUBSEA TELECOM AND POWER CABLE MONITORING
 
 
 
4.2.4
CHALLENGES
 
 
 
 
 
4.2.4.1
OPERATIONAL DISRUPTIONS DUE TO EXTREME WEATHER VARIABILITY AND SHORT WEATHER WINDOWS
 
 
 
 
4.2.4.2
LOGISTICS COMPLEXITY FOR MOBILIZING EQUIPMENT TO REMOTE OR ARCTIC LOCATIONS
 
 
4.3
UNMET NEEDS AND WHITE SPACES
 
 
 
 
4.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.5
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
 
 
 
 
 
5.1
ECOSYSTEM ANALYSIS
 
 
 
 
 
 
5.1.1
PROMINENT COMPANIES
 
 
 
 
5.1.2
PRIVATE AND SMALL ENTERPRISES
 
 
 
 
5.1.3
END USERS
 
 
 
5.2
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.3
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
5.4
PRICING ANALYSIS
 
 
 
 
 
 
5.4.1
AVERAGE SELLING PRICE OF REMOTELY OPERATED VEHICLES OFFERED BY KEY PLAYERS,
 
 
 
 
5.4.2
AVERAGE SELLING PRICE TREND, BY COUNTRY, 2020–2025
 
 
 
5.5
2025 US TARIFF
 
 
 
 
 
 
5.5.1
INTRODUCTION
 
 
 
 
5.5.2
KEY TARIFF RATES
 
 
 
 
5.5.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.5.4
IMPACT ON COUNTRY/REGION
 
 
 
 
5.5.5
IMPACT ON END-USE INDUSTRY
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
 
5.6.1
IMPORT SCENARIO (HS CODE XX)
 
 
 
 
5.6.2
EXPORT SCENARIO (HS CODE XX)
 
 
 
5.7
CASE STUDY ANALYSIS
 
 
 
 
5.8
KEY CONFERENCES AND EVENTS
 
 
 
 
5.9
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.10
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.11
OPERATIONAL DATA
 
 
 
 
5.12
TOTAL COST OF OWNERSHIP
 
 
 
 
5.13
MACROECONOMIC OUTLOOK
 
 
 
 
 
5.13.1
INTRODUCTION
 
 
 
 
5.13.2
GDP TRENDS AND FORECAST
 
 
 
 
5.13.3
TRENDS IN NORTH AMERICA UNDERWATER MARITIME VEHICLE INDUSTRY
 
 
 
 
5.13.4
TRENDS IN NORTH AMERICA MARINE INDUSTRY
 
 
 
5.14
VOLUME DATA
 
 
 
 
5.15
BILL OF MATERIALS
 
 
 
 
5.16
BUSINESS MODELS
 
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
 
 
 
 
 
6.1
KEY TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY ROADMAP
 
 
 
 
 
6.3.1
ADVANCED COMMUNICATION ECOSYSTEM
 
 
 
 
 
6.3.1.1
ARCHITECTURE OVERVIEW
 
 
 
 
6.3.1.2
PERFORMANCE MATRIX
 
 
 
 
6.3.1.3
INNOVATION ROADMAP (2025–2030)
 
 
 
 
6.3.1.4
CHALLENGES AND GAPS
 
 
 
6.3.2
ENERGY AND BATTERY TECHNOLOGIES
 
 
 
 
 
6.3.2.1
BATTERY CHEMISTRY COMPARISON
 
 
 
 
6.3.2.2
DESIGN TRADE-OFF MATRIX
 
 
 
 
6.3.2.3
INNOVATION ROADMAP (2025–2030)
 
 
 
 
6.3.2.4
CHALLENGES AND GAPS
 
 
 
6.3.2
OTHER EVOLVING TECHNOLOGIES
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
FUTURE APPLICATIONS
 
 
 
 
6.6
IMPACT OF AI/GEN AI
 
 
 
 
 
 
6.6.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.6.2
BEST PRACTICES
 
 
 
 
6.6.3
CASE STUDIES OF AI IMPLEMENTATION
 
 
 
 
6.6.4
INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.6.5
CLIENTS’ READINESS TO ADOPT AI/GEN AI
 
 
 
6.7
IMPACT OF MEGATRENDS
 
 
 
7
SUSTAINABILITY AND REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
 
7.2
SUSTAINABILITY INITIATIVES
 
 
 
 
 
7.2.1
CARBON IMPACT
 
 
 
 
7.2.2
ECO-APPLICATIONS
 
 
 
7.3
SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES
 
 
 
 
7.4
CERTIFICATIONS, LABELING, AND ECO-STANDARDS
 
 
 
8
CUSTOMER LANDSCAPE AND BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS AND INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
 
 
 
9
NORTH AMERICA REMOTELY OPERATED VEHICLE MARKET, BY SIZE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION & VOLUME, UNITS)
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
OBSERVATION CLASS (<91 KG)
 
 
 
 
 
9.2.1
MICRO (<4.5 KG)
 
 
 
 
9.2.2
MINI (4.5–32 KG)
 
 
 
 
9.2.3
LARGE (32–91 KG)
 
 
 
9.3
MEDIUM/SMALL (91–907 KG)
 
 
 
 
 
9.3.1
SHALLOW (< 1,000 M)
 
 
 
 
9.3.2
DEEPWATER (1,000 – 2,0000 M)
 
 
 
 
9.3.3
HEAVY/LIGHT WORK CLASS (>2,000 M)
 
 
 
9.4
WORK CLASS (> 907 KG)
 
 
 
 
 
9.4.1
STANDARD (100–200 HP)
 
 
 
 
9.4.2
HEAVY (>200 HP)
 
 
10
NORTH AMERICA REMOTELY OPERATED VEHICLE MARKET, BY SPEED (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
<5 KNOTS
 
 
 
 
10.3
>5 KNOTS
 
 
 
11
NORTH AMERICA REMOTELY OPERATED VEHICLE MARKET, BY PROPULSION (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
ELECTRIC ROV
 
 
 
 
 
11.2.1
USE CASE: REMUS SERIES LI-ION BATTERY SYSTEMS DEVELOPED WITH SAFT/MATHEWS, FROM 1–16 KWH PACKS FOR LONGER MISSIONS
 
 
 
11.3
MECHANICAL ROV
 
 
 
 
 
11.3.1
USE CASE: SLOCUM G3 GLIDER – OPTIMIZED FOR LONG ENDURANCE WITH A BUOYANCY ENGINE AND WINGS FOR COASTAL PROGRAMS
 
 
 
11.3
HYBRID ROV
 
 
 
 
 
11.4.1
USE CASE: EARLY PEM FUEL-CELL ROV PROTOTYPES DELIVERING ~4 KW FOR PROPULSION WITH HYDROGEN STORED IN METAL HYDRIDE TANKS
 
 
12
NORTH AMERICA REMOTELY OPERATED VEHICLE MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
MILITARY & DEFENSE
 
 
 
 
 
12.2.1
BORDER SECURITY & SURVEILLANCE
 
 
 
 
12.2.2
ANTISUBMARINE WARFARE
 
 
 
 
12.2.3
ANTI-TRAFFICKING & CONTRABAND MONITORING
 
 
 
 
12.2.4
ENVIRONMENTAL ASSESSMENT
 
 
 
 
12.2.5
MINE COUNTERMEASURE IDENTIFICATION
 
 
 
12.3
OIL & GAS
 
 
 
 
 
12.3.1
PIPELINE SURVEY
 
 
 
 
12.3.2
GEOPHYSICAL SURVEY
 
 
 
 
12.3.3
DEBRIS/CLEARANCE SURVEY
 
 
 
 
12.3.4
BASELINE ENVIRONMENTAL ASSESSMENT
 
 
 
12.4
ENVIRONMENTAL PROTECTION & MONITORING
 
 
 
 
 
12.4.1
HABITAT RESEARCH
 
 
 
 
12.4.2
WATER SAMPLING
 
 
 
 
12.4.3
FISHERY STUDY
 
 
 
 
12.4.4
EMERGENCY RESPONSE
 
 
 
12.5
OCEANOGRAPHY
 
 
 
 
12.6
ARCHAEOLOGY & EXPLORATION
 
 
 
 
12.7
SEARCH & SALVAGE OPERATION
 
 
 
13
NORTH AMERICA REMOTELY OPERATED VEHICLE MARKET, BY SYSTEM (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
COLLISION AVOIDANCE
 
 
 
 
 
13.2.1
FORWARD-LOOKING SONAR
 
 
 
 
13.2.2
OTHERS
 
 
 
13.3
COMMUNICATION & NETWORKING
 
 
 
 
 
13.3.1
TETHER-BASED COMMUNICATION
 
 
 
 
13.3.2
ACOUSTIC COMMUNICATION
 
 
 
 
13.3.3
SURFACE & BACKHAUL COMMUNICATION
 
 
 
 
13.3.5
OTHERS
 
 
 
13.4
NAVIGATION & GUIDANCE
 
 
 
 
 
13.4.1
INERTIAL & DEAD-RECKONING
 
 
 
 
 
13.4.1.1
INERTIAL NAVIGATION
 
 
 
 
13.4.1.2
COMPASS-BASED NAVIGATION
 
 
 
 
13.4.1.3
OTHERS
 
 
 
13.4.2
ACOUSTIC NAVIGATION
 
 
 
 
13.4.3
OTHERS
 
 
 
13.5
PROPULSION & MOBILITY
 
 
 
 
 
13.5.1
THRUST GENERATION
 
 
 
 
 
13.5.1.1
PROPULSION MOTOR
 
 
 
 
13.5.1.2
THRUSTER
 
 
 
 
13.5.1.3
OTHERS
 
 
 
13.5.2
HYDRAULIC POWER & ACTUATION
 
 
 
 
 
13.5.2.1
HYDRAULIC POWER UNIT
 
 
 
 
13.5.2.1
HYDRAULIC MANIFOLD & VALVE BLOCK
 
 
 
 
13.5.2.1
OTHERS
 
 
 
13.5.3
BUOYANCY & VERTICAL MOTION SUBSYSTEM
 
 
 
 
 
13.5.3.1
PUMP MOTOR
 
 
 
 
13.5.3.1
VARIABLE BUOYANCY DEVICE
 
 
 
 
13.5.3.1
OTHERS
 
 
 
13.5.4
OTHERS
 
 
 
13.6
PAYLOAD & SENSOR
 
 
 
 
 
13.6.1
ACOUSTIC IMAGING & MAPPING PAYLOAD
 
 
 
 
 
13.6.1.1
SIDE-SCAN SONAR IMAGER
 
 
 
 
13.6.1.2
MULTIBEAM ECHO SOUNDER
 
 
 
 
13.6.1.3
SYNTHETIC APERTURE SONAR
 
 
 
 
13.6.1.4
SUB-BOTTOM PROFILER
 
 
 
 
13.6.1.5
OTHERS
 
 
 
13.6.2
OPTICAL IMAGING PAYLOAD
 
 
 
 
 
13.6.2.1
HIGH-RESOLUTION DIGITAL STILL CAMERA
 
 
 
 
13.6.2.2
DUAL-EYE CAMERA
 
 
 
 
13.6.2.3
OTHERS
 
 
 
13.6.3
ENVIRONMENTAL & OCEANOGRAPHIC SENSOR PAYLOAD
 
 
 
 
 
13.6.3.1
CTD SENSOR
 
 
 
 
13.6.3.2
BIOGEOCHEMICAL SENSOR
 
 
 
 
13.6.3.3
ACOUSTIC DOPPLER CURRENT PROFILER
 
 
 
13.6.4
OTHERS
 
 
 
13.7
CHASSIS
 
 
 
 
 
13.7.1
METAL ALLOY
 
 
 
 
13.7.2
FIBER-REINFORCED COMPOSITE
 
 
 
 
13.7.3
OTHERS
 
 
 
13.8
POWER & ENERGY
 
 
 
 
 
13.8.1
ENERGY STORAGE
 
 
 
 
 
13.8.1.1
BATTERY MODULE
 
 
 
 
13.8.1.2
PRESSURE-TOLERANT SUBSEA BATTERY SYSTEM
 
 
 
 
13.8.1.3
SUPERCAPACITOR
 
 
 
13.8.2
POWER MANAGEMENT & DISTRIBUTION
 
 
 
 
 
13.8.2.1
BMS
 
 
 
 
13.8.2.2
DC/DC CONVERTER
 
 
 
 
13.8.2.3
BUSBAR
 
 
 
 
13.8.2.4
OTHERS
 
 
13.9
OTHER SYSTEMS
 
 
 
14
NORTH AMERICA REMOTELY OPERATED VEHICLE MARKET, BY COUNTRY (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
US
 
 
 
 
14.3
CANADA
 
 
 
15
COMPETITIVE LANDSCAPE
 
 
 
 
 
15.1
OVERVIEW
 
 
 
 
15.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
 
 
 
 
15.3
MARKET SHARE ANALYSIS,
 
 
 
 
 
15.4
REVENUE ANALYSIS, 2020–2024
 
 
 
 
 
15.5
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
15.5.1
STARS
 
 
 
 
15.5.2
EMERGING LEADERS
 
 
 
 
15.5.3
PERVASIVE PLAYERS
 
 
 
 
15.5.4
PARTICIPANTS
 
 
 
 
15.5.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
15.5.5.1
COMPANY FOOTPRINT
 
 
 
 
15.5.5.2
COUNTRY FOOTPRINT
 
 
 
 
15.5.5.3
SIZE FOOTPRINT
 
 
 
 
15.5.5.4
APPLICATION FOOTPRINT
 
 
 
 
15.5.5.5
SPEED FOOTPRINT
 
 
15.6
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
15.7
COMPANY EVALUATION MATRIX: START-UPS/SMES,
 
 
 
 
 
 
15.7.1
PROGRESSIVE COMPANIES
 
 
 
 
15.7.2
RESPONSIVE COMPANIES
 
 
 
 
15.7.3
DYNAMIC COMPANIES
 
 
 
 
15.7.4
STARTING BLOCKS
 
 
 
 
15.7.5
COMPETITIVE BENCHMARKING: START-UPS/SMES,
 
 
 
 
 
15.7.5.1
LIST OF START-UPS/SMES
 
 
 
 
15.7.5.2
COMPETITIVE BENCHMARKING OF START-UPS/SMES
 
 
15.8
BRAND/PRODUCT COMPARISON
 
 
 
 
 
15.9
COMPETITIVE SCENARIO
 
 
 
 
 
15.9.1
PRODUCT LAUNCHES
 
 
 
 
15.9.2
DEALS
 
 
 
 
15.9.3
EXPANSIONS
 
 
16
COMPANY PROFILES
 
 
 
 
 
16.1
KEY PLAYERS
 
 
 
 
 
16.1.1
L3HARRIS TECHNOLOGIES, INC.
 
 
 
 
16.1.2
TELEDYNE SEABOTIX
 
 
 
 
16.1.3
OCEANEERING INTERNATIONAL
 
 
 
 
16.1.4
FORUM ENERGY TECHNOLOGIES
 
 
 
 
16.1.5
VIDEORAY
 
 
 
 
16.1.6
DEEP OCEAN ENGINEERING
 
 
 
 
16.1.7
BLUE ROBOTICS
 
 
 
 
16.1.8
PHOENIX INTERNATIONAL HOLDINGS
 
 
 
 
16.1.9
OCEANBOTICS
 
 
 
 
16.1.10
POSEIDON ROBOTICS
 
 
 
16.2
OTHER PLAYERS
 
 
 
 
 
16.2.1
STRATEGIC ROBOTIC SYSTEMS
 
 
 
 
16.2.2
SEAMOR MARINE
 
 
 
 
16.2.3
MARINENAV
 
 
 
 
16.2.4
INTERNATIONAL SUBMARINE ENGINEERING
 
 
 
 
16.2.5
DEEP TREKKER
 
 
17
RESEARCH METHODOLOGY
 
 
 
 
 
17.1
RESEARCH DATA
 
 
 
 
 
17.1.1
SECONDARY DATA
 
 
 
 
 
17.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
17.1.2
PRIMARY DATA
 
 
 
 
 
17.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
17.1.2.2
PRIMARY PARTICIPANTS
 
 
 
 
17.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
17.1.2.4
KEY INDUSTRY INSIGHTS
 
 
17.2
MARKET SIZE ESTIMATION
 
 
 
 
 
17.2.1
BOTTOM-UP APPROACH
 
 
 
 
17.2.2
TOP-DOWN APPROACH
 
 
 
 
17.2.3
BASE NUMBER CALCULATION
 
 
 
17.3
MARKET FORECAST APPROACH
 
 
 
 
 
17.3.1
SUPPLY SIDE
 
 
 
 
17.3.2
DEMAND SIDE
 
 
 
17.4
DATA TRIANGULATION
 
 
 
 
17.5
FACTOR ANALYSIS
 
 
 
 
17.6
RESEARCH ASSUMPTIONS
 
 
 
 
17.7
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
 
17
APPENDIX
 
 
 
 
 
17.1
DISCUSSION GUIDE
 
 
 
 
17.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
17.3
CUSTOMIZATION OPTIONS
 
 
 
 
17.4
RELATED REPORTS
 
 
 
 
17.5
AUTHOR DETAILS
 
 
 

Methodology

The study involved four major activities in estimating the current size of the North America ROV Market. Exhaustive secondary research was done to collect information on the North America ROV Market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analysis was conducted to estimate the overall market size. After that, market breakdown and data triangulation procedures were employed to estimate the sizes of various segments and subsegments within the North America ROV Market.

Secondary Research

During the secondary research process, various sources were consulted to identify and collect information for this study. The secondary sources included government sources, such as SIPRI; corporate filings, including annual reports, press releases, and investor presentations from companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

Extensive primary research was conducted after acquiring information regarding the North America ROV Market scenario through secondary research. Several primary interviews were conducted with market experts from the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East and Rest of the world. Primary data was collected through questionnaires, emails, and telephonic interviews.

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the North America ROV Market. The research methodology used to estimate the size of the market included the following details:

  • Key players in the North America ROV Market were identified through secondary research, and their market shares were determined through a combination of primary and secondary research. This included a study of the annual and financial reports of the top market players, as well as extensive interviews with leaders, including directors, engineers, marketing executives, and other key stakeholders of leading companies operating in the market.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the North America ROV Market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Data Triangulation

After determining the overall market size, the total market was divided into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for the market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Additionally, the market size was validated using top-down and bottom-up approaches.

Market Definition

A Remotely Operated Vehicle (ROV) is an unmanned, tethered underwater system operated from a surface vessel or platform, designed to perform real-time inspection, intervention, survey, maintenance, and manipulation tasks in subsea environments. ROVs rely on an umbilical cable for power, control, and high-bandwidth data transmission, enabling continuous operator oversight and precise maneuverability at varying ocean depths.

Stakeholders

  • Original equipment manufacturers (OEMs)
  • Manufacturers and OEMs
  • Component and Subsystem Suppliers
  • System Integrators
  • End Users
  • Service Providers
  • Regulatory and Certification Bodies
  • Research & Technology Institutions
  • Investors and Funding Agencies

Research Objectives

  • To define, describe, and forecast the North America ROV Market based on Size, Application, System, Propulsion, Speed, and region.
  • To forecast the size of different segments of the market with respect to North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.
  • To identify and analyze the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To identify industry trends, market trends, and technology trends currently prevailing in the market
  • To analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the degree of competition in the market by analyzing recent developments adopted by leading market players
  • To provide a detailed competitive landscape of the market, along with a ranking analysis of key players, and an analysis of startup companies in the market
  • To strategically profile the key market players and comprehensively analyze their core competencies
  • To provide a detailed competitive landscape of the North America ROV Market, along with a market share analysis and revenue analysis of key players

 

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