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Offshore ROV Market by Type (Observation, Work, and Intervention), Depth (< 5,000, 5,000–10,000, and >10,000 Feet), Application (Completion, Construction, Repair & Maintenance, Design & Build, and Engineering), AUV, and Region - Global Forecast to 2023

Offshore ROV Market by Type (Observation, Work, and Intervention), Depth (< 5,000, 5,000–10,000, and >10,000 Feet), Application (Completion, Construction, Repair & Maintenance, Design & Build, and Engineering), AUV, and Region - Global Forecast to 2023

“The offshore ROV market is projected to grow at a CAGR of 3.27% during the forecast period.”
The offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1 million by 2023, at a CAGR of 3.27% from 2018 to 2023. Rise in the demand for oil & gas is the key factor driving the offshore ROV market. The demand for oil & gas is continuously rising despite environmental pressure and growth of renewable resources. Road transportation accounted for more than 50% of the global demand for oil in 2016. However, the capital-intensive nature of the market can hinder the growth of the offshore ROV market.

“Inspection, Repair and Maintenance Services sub-segment of the application segment is expected to grow at the highest CAGR from 2018 to 2023.”
The Inspection, Repair and Maintenance Services of the application segment is expected to grow at the highest CAGR during the forecast period. The repair and maintenance of ageing offshore well helps to reduce the downtime. Operators also use ROVs for preventive maintenance of various subsea structures to avoid a sudden breakdown. These factors will drive the market of ROVs in this segment.

“South America: The fastest growing market for offshore ROV during the forecast period”
The South American offshore ROV market is the fastest growing market during the forecast period. The rise of offshore ultra-deep-water exploration and production activities and various CAPEX investments by major players in the offshore regions of South America are expected to drive the offshore ROV market in the region during the forecast period.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, Tier 3- 20%
By Designation: C-Level- 35%, Manager-Level- 25%, and Others- 40%
By Region: North America – 45%, Europe – 20%, Asia Pacific – 27%, Middle East & Africa – 5%, and South America – 3%

Note: Others includes product managers, marketing managers, and sales managers.
The tier of the companies is defined on the basis of their total revenue as of 2016. Tier 1>USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

The leading players in the offshore ROV market include Oceaneering (US), Subsea 7 (UK), Fugro (Netherlands), TechnipFMC (UK), Saipem (Italy), Forum (US), DOF (Norway), ECA (France), Deep Ocean Group (Norway), ISE (Canada), Deep Ocean Engineering (US), and AC-CESS (Scotland).

Research Coverage:
The report defines, describes, and forecasts the global offshore ROV market by type, depth, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the offshore ROV market.

Why buy this report?
1. The report identifies and addresses key markets for offshore ROV, which would help manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table OFFSHORE ROV MARKET SHARE SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE OFFSHORE ROV MARKET
    • OFFSHORE ROV MARKET, BY TYPE/CLASS
    • OFFSHORE ROV MARKET, BY APPLICATION
    • OFFSHORE ROV MARKET, BY DEPTH
    • MIDDLE EAST & AFRICA: OFFSHORE ROV MARKET, BY COUNTRY & TYPE/CLASS
    • OFFSHORE ROV MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • RECENT TRENDS
      • AUTOMATED ROV/SMART ROV
  • OFFSHORE ROV MARKET, BY TYPE/CLASS
    • INTRODUCTION
      • Table OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
    • OBSERVATION CLASS
      • Table OBSERVATION CLASS: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • WORK CLASS
      • Table WORK CLASS: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • INTERVENTION/INSPECTION CLASS
      • Table INTERVENTION/INSPECTION CLASS: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • OFFSHORE ROV MARKET, BY APPLICATION
    • INTRODUCTION
      • Table OFFSHORE ROV MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • DRILLING AND WELL COMPLETION SUPPORT
      • Table DRILLING AND WELL COMLETION SUPPORT: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • CONSTRUCTION SUPPORT
      • Table CONSTRUCTION SUPPORT: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • INSPECTION, REPAIR, AND MAINTENANCE SERVICE
      • Table INSPECTION, REPAIR, AND MAINTENANCE SERVICE: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • REMOTE SUBSEA INTERVENTION TOOLING DESIGN AND BUILD
      • Table REMOTE SUBSEA INTERVENTION TOOLING DESIGN AND BUILD: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • SUBSEA ENGINEERING SERVICES
      • Table SUBSEA ENGINEERING SERVICES: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • OFFSHORE ROV MARKET, BY DEPTH
    • INTRODUCTION
      • Table OFFSHORE ROV MARKET SIZE, BY DEPTH, 2016–2023 (USD MILLION)
    • LESS THAN 5,000 FEET
      • Table LESS THAN 5,000 FEET: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • 5,000–10,000 FEET
      • Table 5,000–10,000 FEET: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • ABOVE 10,000 FEET
      • Table ABOVE 10,000 FEET: OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • AUV MARKET, BY TYPE
    • INTRODUCTION
      • Table AUV MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • SMALL AUV (DEPTH UP TO 100 M)
    • MEDIUM AUV (DEPTH UP TO 1,000 M)
    • LARGE AUV (DEPTH MORE THAN 1,000 M)
  • OFFSHORE ROV MARKET, BY REGION
    • INTRODUCTION
      • Table OFFSHORE ROV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table OFFSHORE ROV AND AUV MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table TOP FIVE LARGEST COUNTRIES: OFFSHORE ROV MARKET SIZE, 2016–2023 (USD MILLION)
      • Table TOP FIVE FASTEST GROWING COUNTRIES: OFFSHORE ROV MARKET, 2016–2023 (USD MILLION)
      • Table LARGEST MARKET IN EVERY REGION: OFFSHORE ROV MARKET SIZE, 2016–2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: OFFSHORE ROV MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • BY TYPE/CLASS
        • Table MIDDLE EAST & AFRICA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table MIDDLE EAST & AFRICA: OFFSHORE ROV MARKET SIZE, BY APPLICATION 2016–2023 (USD MILLION)
      • BY DEPTH
        • Table MIDDLE EAST & AFRICA: OFFSHORE ROV MARKET SIZE, BY DEPTH, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table THE KINGDOM OF SAUDI ARABIA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table UAE: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table ANGOLA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table QATAR: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table REST OF THE MIDDLE EAST & AFRICA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
    • EUROPE
      • BY TYPE/CLASS
        • Table EUROPE: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS,2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table EUROPE: OFFSHORE ROV MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY DEPTH
        • Table EUROPE: OFFSHORE ROV MARKET SIZE, BY DEPTH, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: OFFSHORE ROV MARKET SIZE, BY COUNTRY,2016–2023 (USD MILLION)
        • Table NORWAY: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table UK: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS,2016–2023 (USD MILLION)
        • Table RUSSIA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table REST OF EUROPE: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: OFFSHORE ROV MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
      • BY TYPE/CLASS
        • Table ASIA PACIFIC: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table ASIA PACIFIC: OFFSHORE ROV MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY DEPTH
        • Table ASIA PACIFIC: OFFSHORE ROV MARKET SIZE, BY DEPTH, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table THAILAND: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table CHINA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table INDIA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table AUSTRALIA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
    • SOUTH AMERICA
      • BY TYPE/CLASS
        • Table SOUTH AMERICA: OFFSHORE ROV, BY TYPE/CLASS, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table SOUTH AMERICA: OFFSHORE ROV MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY DEPTH
        • Table SOUTH AMERICA: OFFSHORE ROV MARKET SIZE, BY DEPTH, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: OFFSHORE ROV MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table BRAZIL: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table TRINIDAD: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
        • Table REST OF AFRICA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • BY TYPE/CLASS
        • Table NORTH AMERICA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table NORTH AMERICA: OFFSHORE ROV MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY DEPTH
        • Table NORTH AMERICA: OFFSHORE ROV MARKET SIZE, BY DEPTH, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: OFFSHORE ROV MARKET SIZE, BY COUNTRY, 2016–2023(USD MILLION)
        • Table US: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023(USD MILLION)
        • Table CANADA: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023(USD MILLION)
        • Table MEXICO: OFFSHORE ROV MARKET SIZE, BY TYPE/CLASS, 2016–2023(USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SCENARIO
      • Table MARKET DEVELOPMENT BETWEEN 2015 AND 2018
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2015–2018
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS, 2015–2018
      • OTHERS
        • Table OTHERS, 2015–2018
  • COMPANY PROFILES
    • COMPETITIVE BENCHMARKING
    • OCEANEERING INTERNATIONAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SUBSEA 7
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FUGRO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TECHNIPFMC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAIPEM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FORUM ENERGY TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DOF SUBSEA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ECA GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • DEEPOCEAN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • INTERNATIONAL SUBMARINE ENGINEERING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • DEEP OCEAN ENGINEERING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AC-CESS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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