Remotely operated vehicles (ROVs) are a vital part of underwater activities. The offshore industry could not function without them as ROVs perform crucial installation, inspection, maintenance, and decommissioning of subsea infrastructure. As activities in the offshore environment become more complex and the volume of such tasks increases, so does the demand on ROVs.
ROVs are even more widely used in the offshore industry from exploration drilling to decommissioning; ROVs are needed for all life-of-field phases in the offshore oil and gas industry, the offshore wind and renewables industry and the subsea cables market. They are used in the deepwaters of the offshore region. They are also used in various industries such as Oil & gas, Defense and Scientific research purposes. As ROV technologies and capabilities have improved, the offshore oil and gas industry has come to rely on ROVs for drilling support and subsea construction services to enable deepwater exploration and development projects worldwide.
The market has been analyzed with respect to Porter's Five Forces model. Different market forces, such as bargaining power of suppliers, bargaining power of buyers, degree of competition, threat of substitutes, and threat of new entrants have been analyzed with respect to the remotely operated vehicles market. The report also provides a competitive landscape of major market players that includes developments, mergers & acquisitions, expansions & investments, agreements & contracts, and new technology developments among others. A number of these developments have been adopted by key industry players, suggesting growth strategies of these companies as well as of the overall industry.
This report also classifies and defines the market size of the remotely operated vehicles as per various types, applications and regional specific qualitative data of ROVs. The report also provides a comprehensive review of major market drivers, restraints, opportunities, and challenges associated with the market. The key market players of this industry have been profiled in detail with their latest developments. Major players include Oceaneering International Inc., Subsea 7, Teledyne Technologies International Corp., Fugro subsea Services Ltd., and Kongsberg Maritime among others.
The market study has been segmented on the basis of application that includes shallow water, deep water and ultra-deep water. The market has also been analyzed on the basis of its types such as small electric vehicles, high capability electric vehicles, heavy work class vehicleS and others. Detailed analysis of the market has been encompassed in the report along with the regional analysis of ROVs with respect to North America, South America, Europe, the Asia-Pacific, the Middle East & Africa and its forecast till 2019.
The report analyzes the remotely operated vehicles market for different regions. The report also provides a market overview of remotely operated vehicles by different applications.
For this report, the major players in the market are identified through secondary and primary research, based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as the CEOs, directors, and marketing executives. The market sizes for ROV manufacturers and operators are determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019 with a CAGR from 2014 to 2019.
Benchmarking the rapid strategy shifts of the Top 100 companies in the Remotely Operated Vehicle MarketRequest For Special Pricing