Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2014-2025 15
Figure 4. Global ROVs Market by Capex, 2014-2025, $ mn 17
Figure 5. Global ROVs Market by Fleet, 2014-2025, units 17
Figure 6. Structure and Segments of Global ROVs Market 19
Figure 7. Primary Drivers and Impact Factors of Global ROVs Market 20
Figure 8. Primary Restraints and Impact Factors of Global ROVs Market 23
Figure 9. Porter’s Fiver Forces Analysis of Global ROVs Market 29
Figure 10. Breakdown of Global ROVs Market by Industry Vertical, 2016-2025, % of Capex 34
Figure 11. 2014-2025 Capex Growth Rates of Global Sub-markets by Industry Vertical 34
Figure 12. Global Market of ROVs for Oil & Gas Industry by Capex, 2014-2025, $ mn 35
Figure 13. Global Population, GDP and Energy Demand, 1990-2030 36
Figure 14. Global Oil & Gas Offshore and Deepwater Production, 1970-2020 36
Figure 15. Global Market of ROVs for Scientific Research by Capex, 2014-2025, $ mn 39
Figure 16. Global Market of ROVs for Military & Defense by Capex, 2014-2025, $ mn 42
Figure 17. Global Market of ROVs for Other Industry Verticals by Capex, 2014-2025, $ mn 45
Figure 18. Breakdown of Global ROVs Market by New Builds and Operation & Service, 2016-2025, % of Capex 47
Figure 19. 2014-2025 Capex Growth Rates of Global Sub-markets by New Builds and Operation & Service 47
Figure 20. Global ROV New Builds, 2014-2025, units 49
Figure 21. Global Capex of ROV New Builds, 2014-2025, $ mn 49
Figure 22. Global Capex of ROV Operation & Service, 2014-2025, $ mn 50
Figure 23. Global ROV Operation Personnel, 2014-2025 51
Figure 24. Global Vessel Demand (%) by Water Depth (m)., 2010-2019 51
Figure 25. Breakdown of Global ROV Hardware Market by Component, 2016-2025, % of Capex 54
Figure 26. 2014-2025 Capex Growth Rates of Global Sub-markets by Hardware Component 54
Figure 27. Global Market of ROV Imaging System, 2014-2025, $ mn 55
Figure 28. Global Market of ROV Sensors and Automation Systems, 2014-2025, $ mn 57
Figure 29. Global Market of ROV Steering and Positioning System, 2014-2025, $ mn 58
Figure 30. Global Market of ROV Navigation System, 2014-2025, $ mn 59
Figure 31. Global Market of ROV Energy and Propulsion System, 2014-2025, $ mn 60
Figure 32. Global Market of Other ROV Hardware Components, 2014-2025, $ mn 61
Figure 33. Breakdown of Global ROV Market by Vehicle Type, 2016-2025, % of Fleet 65
Figure 34. 2014-2025 Fleet Growth Rates of Global Sub-markets by Vehicle Type 65
Figure 35. Breakdown of Global ROV Market by Vehicle Type, 2016-2025, % of Capex 66
Figure 36. 2014-2025 Capex Growth Rates of Global Sub-markets by Vehicle Type 66
Figure 37. Work-Class ROVs by Payload (kg) 67
Figure 38. Global Market of Observation ROVs by Fleet, 2014-2025, units 68
Figure 39. Global Market of Observation ROVs by Capex, 2014-2025, $ mn 69
Figure 40. Example Picture of Observation ROVs 70
Figure 41. Summary of Observation ROVs 71
Figure 42. Summary of Observation ROVs with Payload Option 71
Figure 43. Global Market of Light Work-Class ROVs by Fleet, 2014-2025, units 72
Figure 44. Global Market of Light Work-Class ROVs by Capex, 2014-2025, $ mn 73
Figure 45. Example Picture of Light Work-Class ROVs 74
Figure 46. Example Picture of High Capacity Electric ROVs 75
Figure 47. Global Market of Medium Work-Class ROVs by Fleet, 2014-2025, units 76
Figure 48. Global Market of Medium Work-Class ROVs by Capex, 2014-2025, $ mn 77
Figure 49. Example Picture of Ultra Deep ROVs 78
Figure 50. Global Market of Heavy Work-Class ROVs by Fleet, 2014-2025, units 79
Figure 51. Global Market of Heavy Work-Class ROVs by Capex, 2014-2025, $ mn 80
Figure 52. Example Picture of Heavy Work-Class ROVs 81
Figure 53. Summary of Light, Medium and Heavy Work-Class ROVs 82
Figure 54. Global Market of Towed and Bottom-Crawling ROVs by Fleet, 2014-2025, units 83
Figure 55. Global Market of Towed and Bottom-Crawling ROVs by Capex, 2014-2025, $ mn 84
Figure 56. Example Picture of Towed and Bottom-Crawling ROVs 85
Figure 57. Breakdown of Global Work-Class ROVs Market by Application, 2016-2025, % of Capex 88
Figure 58. 2014-2025 Work-Class ROV Capex Growth Rates of Global Sub-markets by Application 88
Figure 59. Work Class ROVs by Excursion Length (m) of Tether Management Systems (TMS) 89
Figure 60. Global Market of Work-Class ROVs for Drilling Support by Capex, 2014-2025, $ mn 91
Figure 61. Global Market of Work-Class ROVs for Construction Support by Capex, 2014-2025, $ mn 93
Figure 62. Global Market of Work-Class ROVs for Inspection, Repair and Maintenance (IRM) by Capex, 2014-2025, $ mn 95
Figure 63. Global Market of Work-Class ROVs for Other Applications by Capex, 2014-2025, $ mn 97
Figure 64. Breakdown of Global ROV Market by Propulsion System, 2016-2025, % of Fleet 99
Figure 65. 2014-2025 Fleet Growth Rates of Global Sub-markets by Propulsion System 99
Figure 66. Breakdown of Global ROVs Market by Propulsion System, 2016-2025, % of Capex 100
Figure 67. 2014-2025 Capex Growth Rates of Global Sub-markets by Propulsion System 100
Figure 68. Global Hydraulic ROVs Market by Fleet, 2014-2025, units 101
Figure 69. Global Hydraulic ROVs Market by Capex, 2014-2025, $ mn 102
Figure 70. Global Electric ROVs Market by Fleet, 2014-2025, units 104
Figure 71. Global Electric ROVs Market by Capex, 2014-2025, $ mn 104
Figure 72. Global Hybrid ROVs Market by Fleet, 2014-2025, units 105
Figure 73. Global Hybrid ROVs Market by Capex, 2014-2025, $ mn 106
Figure 74. Geographic Spread of Worldwide ROVs Market, 2016-2025, % of Capex 109
Figure 75. 2016-2025 Capex Growth Rates of Main Regional Markets 109
Figure 76. North American ROVs Market by Capex, 2014-2025, $ mn 112
Figure 77. Breakdown of North America ROVs Market by Country, 2016 and 2025, % of Capex 113
Figure 78. 2014-2025 Capex Growth Rates of National Markets in North America 113
Figure 79. U.S. ROVs Market by Capex, 2014-2025, $ mn 114
Figure 80. Canada ROVs Market by Capex, 2014-2025, $ mn 116
Figure 81. European ROVs Market by Capex, 2014-2025, $ mn 119
Figure 82. Breakdown of European ROVs Market by Country, 2016 and 2025, % of Capex 120
Figure 83. 2014-2025 Capex Growth Rates of National Markets in Europe 120
Figure 84. ROVs Market in Norway by Capex, 2014-2025, $ mn 121
Figure 85. ROVs Market in UK by Capex, 2014-2025, $ mn 123
Figure 86. ROVs Market in Rest of Europe by Capex, 2014-2025, $ mn 125
Figure 87. Asia-Pacific ROVs Market by Capex, 2014-2025, $ mn 127
Figure 88. Breakdown of APAC ROVs Market by Country, 2016 and 2025, % of Capex 128
Figure 89. 2014-2025 Capex Growth Rates of National Markets in APAC 128
Figure 90. ROVs Market in China by Capex, 2014-2025, $ mn 130
Figure 91. ROVs Market in Malaysia by Capex, 2014-2025, $ mn 132
Figure 92. ROVs Market in Australia by Capex, 2014-2025, $ mn 134
Figure 93. ROVs Market in India by Capex, 2014-2025, $ mn 136
Figure 94. ROVs Market in Rest APAC by Capex, 2014-2025, $ mn 138
Figure 95. Latin America ROVs Market by Capex, 2014-2025, $ mn 140
Figure 96. Breakdown of Latin America ROVs Market by Country, 2016 and 2025, % of Capex 141
Figure 97. 2014-2025 Capex Growth Rates of National Markets in Latin America 141
Figure 98. ROVs Market in Argentina by Capex, 2014-2025, $ mn 142
Figure 99. ROVs Market in Brazil by Capex, 2014-2025, $ mn 144
Figure 100. ROVs Market in Mexico by Capex, 2014-2025, $ mn 147
Figure 101. ROVs Market in Rest of Latin America by Capex, 2014-2025, $ mn 149
Figure 102. Africa ROVs Market by Capex, 2014-2025, $ mn 150
Figure 103. Breakdown of Africa ROVs Market by Country, 2016 and 2025, % of Capex 152
Figure 104. 2014-2025 Capex Growth Rates of National Markets in Africa 152
Figure 105. ROVs Market in Nigeria by Capex, 2014-2025, $ mn 153
Figure 106. ROVs Market in Angola by Capex, 2014-2025, $ mn 155
Figure 107. Middle East ROVs Market by Capex, 2014-2025, $ mn 158
Figure 108. Fugro Revenue Share by Industry, % 170
Figure 109. Fugro Revenue Share by End-user, % 171
Remotely Operated Vehicles (ROVs) are unoccupied underwater robots, connected to an operator via a series of cables which transmit command and control signals to and from the underwater vehicle and the operator, allowing remote navigation of the vehicles. The evolution of ROV technology has resulted in the ever-growing application in oil & gas industry, military/defense, scientific research and other sectors. Global total Capex (capital expenditure) of ROVs in 2025 will advance to $5.15 billion. This represents a continuous XX% increase yearly between 2016 and 2025 and a cumulative Capex of $XXX billion during 2017-2025 driven by the substantial adoption of ROVs for drilling support, construction support, as well as inspection, repair and maintenance (IRM) activities. Highlighted with 47 tables and 57 figures, this 194-page report “Global Remotely Operated Vehicle (ROV) Market 2017-2025 by Industry Vertical, Application, Hardware Component, Vehicle Type, Propulsion System and Region” is based on a comprehensive research of the ROVs market by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The report also quantifies global ROVs market in every aspect of the classification from perspectives of industry vertical, application, new built and operation/service, hardware component, vehicle type, propulsion system and region. Based on industry vertical, the global ROV market is segmented into the following sub-markets with annual capex included for 2014-2025 (historical and forecast) for each section. • Oil & Gas Industry • Scientific Research • Military & Defense • Others Based on application, the global work-class ROV market is segmented into the following sub-markets with annual capex included for 2014-2025 (historical and forecast) for each section. • Drilling Support • Construction Support • Inspection, Repair and Maintenance (IRM) • Others Based on capex source, the global market is analyzed on the following segments with annual capex in 2014-2025 provided for each segment. • ROV New Builds • ROV Operation & Service Based on system component, the global ROV hardware market is divided and analyzed on the following segments in terms of capex for 2014-2025. • Imaging System • Sensors and Automation Systems • Steering and Positioning • Navigation System • Energy and Propulsion • Others Based on vehicle type, the global ROV market is split and analyzed on the following sections in terms of annual capex and fleet in operation for 2014-2025. • Observation Vehicle • Light Work Class Vehicle • Medium Work Class Vehicle • Heavy Work Class Vehicle • Towed and Bottom-Crawling Vehicle Based on propulsion system, the global ROV market is segmented into the following sections and analyzed in terms of annual capex and operational fleet for 2014-2025. • Hydraulic system • Electric system • Others Geographically, the following regions together with the listed national markets are fully investigated: • APAC (China, Malaysia, Australia, India, and Rest of APAC) • Europe (Norway, UK, Rest of Europe) • North America (U.S. and Canada) • Latin America (Argentina, Brazil, Mexico, Rest of Latin America) • Africa (Nigeria, Angola) • Middle East For each of the aforementioned regions and countries, detailed analysis and data for annual capex are available for 2014-2025. The breakdown of all regional markets and national markets by industry vertical and vehicle type over the forecast years is included. The report also covers current competitive scenario and the predicted manufacture trend; and profiles global ROV vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in global ROVs market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
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