Global Offshore ROV Market Growth 2023-2029

Global Offshore ROV Market Growth 2023-2029

This report studies the Offshore ROV market
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.
LPI (LP Information)' newest research report, the “Offshore ROV Industry Forecast” looks at past sales and reviews total world Offshore ROV sales in 2022, providing a comprehensive analysis by region and market sector of projected Offshore ROV sales for 2023 through 2029. With Offshore ROV sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Offshore ROV industry.
This Insight Report provides a comprehensive analysis of the global Offshore ROV landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Offshore ROV portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Offshore ROV market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Offshore ROV and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Offshore ROV.
The global Offshore ROV market size is projected to grow from US$ 238.7 million in 2022 to US$ 371.8 million in 2029; it is expected to grow at a CAGR of 371.8 from 2023 to 2029.
Global Offshore ROV key players include Forum Energy Technologies, Oceaneering, TechnipFMC plc, etc. Global top three manufacturers hold a share over 40%.
North America is the largest market, with a share about 23%, followed by Europe and Asia-Pacific, have a share about 40 percent.
In terms of product, Max Depth<3000m is the largest segment, with a share about 65%. And in terms of application, the largest application is Drilling Support, followed by Construction Support, Offshore Inspection, ect.
This report presents a comprehensive overview, market shares, and growth opportunities of Offshore ROV market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Max Depth<3000m
Max Depth 3000m-4000m
Max Depth>4000m
Segmentation by application
Drilling Support
Construction Support
Offshore Inspection
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Forum Energy Technologies
Oceaneering
TechnipFMC plc
Saab Seaeye Limited
IKM
Saipem
ECA
SMD
L3 Calzoni
Deep Ocean Engineering, Inc.
TMT
Argus Remote Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global Offshore ROV market?
What factors are driving Offshore ROV market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Offshore ROV market opportunities vary by end market size?
How does Offshore ROV break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.