The global ROV (Remotely Operated Vehicles) Service market size is predicted to grow from US$ 4073 million in 2025 to US$ 7575 million in 2031; it is expected to grow at a CAGR of 10.9% from 2025 to 2031.
Remotely Operated Vehicles (ROVs) are unmanned, underwater submersibles that are controlled remotely from a surface vessel or onshore control center. They are equipped with cameras, sensors, and manipulators, enabling them to perform a wide range of underwater tasks, including:
Inspection and surveys: ROVs are commonly used to inspect underwater structures, such as pipelines, offshore platforms, and ship hulls, to identify defects, assess damage, and monitor the integrity of these structures.
Maintenance and repairs: ROVs can perform a variety of maintenance and repair tasks underwater, such as cleaning and repairing pipelines, conducting welding operations, and replacing damaged components.
Sample collection and environmental monitoring: ROVs are used to collect samples of water, sediment, and marine organisms for scientific research and environmental monitoring purposes.
Search and recovery: ROVs are employed in search and recovery operations to locate lost equipment, sunken vessels, and other objects underwater.
Offshore construction: ROVs play a crucial role in offshore construction projects, assisting with tasks such as pipeline laying, cable installation, and underwater welding.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.
LPI (LP Information)' newest research report, the “ROV (Remotely Operated Vehicles) Service Industry Forecast” looks at past sales and reviews total world ROV (Remotely Operated Vehicles) Service sales in 2024, providing a comprehensive analysis by region and market sector of projected ROV (Remotely Operated Vehicles) Service sales for 2025 through 2031. With ROV (Remotely Operated Vehicles) Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world ROV (Remotely Operated Vehicles) Service industry.
This Insight Report provides a comprehensive analysis of the global ROV (Remotely Operated Vehicles) Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on ROV (Remotely Operated Vehicles) Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global ROV (Remotely Operated Vehicles) Service market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ROV (Remotely Operated Vehicles) Service 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 ROV (Remotely Operated Vehicles) Service.
This report presents a comprehensive overview, market shares, and growth opportunities of ROV (Remotely Operated Vehicles) Service market by product type, application, key players and key regions and countries.
Segmentation by Type:
Micro ROV
Lightwork-class ROV
Heavywork-class ROV
Segmentation by Application:
Oil and Gas
Offshore Wind Farm
Marine Research
Bridge 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.
Fugro
Rovco
Oceaneering
ROV Services Australia
Utility ROV Services Ltd
STAPEM Offshore
PT Advanced Offshore
Belov
SubC Partner
DECO Subsea
VideoRay
Moray First Marine Ltd
FN DIVING. B.V.
Bluestream
Tritonia Scientific
Rana Diving
James Fisher
Please note: The report will take approximately 2 business days to prepare and deliver.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook