Remote Operated Vehicles Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

In 2024, the size of the global remote-operated vehicles industry will be approximately USD 1,623.6 million, and it is projected to attain USD 3,155.0 million by the end of the decade, growing at a CAGR of 11.7% during the projection period. This can be credited to the surge in offshore oil and gas exploration & production, particularly in deep waters, throughout the globe.

Contemporary ROVs are equipped with 4K HD video and graphic recording and are capable of closed-circuit television broadcasting through optical fibers on display devices floated above water surfaces. This enables them to relay live footage of their conduits to the control room that could be on a submersible, a vessel, or an above-land structure. It is capable of manually executing a few operations involving mostly automated interaction with the wellhead or blowout.

In a bid to increase supply and meet the growing global energy demand, there has been a colossal expansion of offshore oil and gas operations. This is pressing the O&G industry to improve its operating technologies in search and develop hydrocarbon resources in deeper parts of the sea. For example, the operation of oil wells in the Gulf of Mexico involves the blowout preventer situated 7,000- 10,000 feet deep below the sea bed and the snout at 5,000-6,000 feet above the seafloor. In these great depths, it is useful to get its assistance in carrying out other complex physical operations using ROV technology.

Key Insights

In 2024, the class 1 observation is the largest category, holding a 45% share, utilized for inspection, mild interventional tasks, and work class interventions, operating up to 1,000 m depth.

Class 3: work class is the fastest-growing category with a CAGR of 12.0% (2024-2030), performing complex physical tasks and subsea interventions in ultra-deep-water drilling.

Deep (up to 1,000 m) is the largest depth category, holding a 50% share in 2024, used in aquaculture, military, oil and gas, and underwater discovery.

Ultra-deep (up to 4,000 m) is the fastest-growing depth category with a CAGR of 12.2% (2024-2030), driven by deep-sea drilling projects.

The tophat category dominates the market with a 70% share in 2024, used for smaller ROVs without payload capacity.

The cage category is the fastest-growing deployment method with a CAGR of 12.1% (2024-2030), providing mechanical protection for ROVs in harsh environments.

MSROV (91 to 907 kg) is the largest and fastest-growing weight category, holding a 12.5% share in 2024 and growing at a CAGR of 11.9% (2024-2030), valued for versatility across industries.

The oil and gas category holds the largest share (40%) in 2024 and is the fastest-growing with a CAGR of 12.3% (2024-2030), due to increased deep-sea exploration and production.

North America holds the largest regional market share (50%) in 2024, driven by early technology adoption, the U.S. Navy's extensive ROV use, and deep-sea exploration trends.

Europe is the second-largest regional market, with increased oil and gas E&P activity in the North Sea, where ROVs are used for critical operations in ultra-deepwater.

Product Code: 13012

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by operational depth
- 1.4.3. Market size breakdown, by deployment mode
- 1.4.4. Market size breakdown, by weight
- 1.4.5. Market size breakdown, by application
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Type (2019-2030)
6.3. Market Revenue, by Type (2019-2030)
6.4. Market Volume, by Operational Depth (2019-2030)
6.5. Market Revenue, by Operational Depth (2019-2030)
6.6. Market Volume, by Deployment Mode (2019-2030)
6.7. Market Revenue, by Deployment Mode (2019-2030)
6.8. Market Volume, by Weight (2019-2030)
6.9. Market Revenue, by Weight (2019-2030)
6.10. Market Volume, by Application (2019-2030)
6.11. Market Revenue, by Application (2019-2030)
6.12. Market Volume, by Region (2019-2030)
6.13. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Type (2019-2030)
7.3. Market Revenue, by Type (2019-2030)
7.4. Market Volume, by Operational Depth (2019-2030)
7.5. Market Revenue, by Operational Depth (2019-2030)
7.6. Market Volume, by Deployment Mode (2019-2030)
7.7. Market Revenue, by Deployment Mode (2019-2030)
7.8. Market Volume, by Weight (2019-2030)
7.9. Market Revenue, by Weight (2019-2030)
7.10. Market Volume, by Application (2019-2030)
7.11. Market Revenue, by Application (2019-2030)
7.12. Market Volume, by Country (2019-2030)
7.13. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Type (2019-2030)
8.3. Market Revenue, by Type (2019-2030)
8.4. Market Volume, by Operational Depth (2019-2030)
8.5. Market Revenue, by Operational Depth (2019-2030)
8.6. Market Volume, by Deployment Mode (2019-2030)
8.7. Market Revenue, by Deployment Mode (2019-2030)
8.8. Market Volume, by Weight (2019-2030)
8.9. Market Revenue, by Weight (2019-2030)
8.10. Market Volume, by Application (2019-2030)
8.11. Market Revenue, by Application (2019-2030)
8.12. Market Volume, by Country (2019-2030)
8.13. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Type (2019-2030)
9.3. Market Revenue, by Type (2019-2030)
9.4. Market Volume, by Operational Depth (2019-2030)
9.5. Market Revenue, by Operational Depth (2019-2030)
9.6. Market Volume, by Deployment Mode (2019-2030)
9.7. Market Revenue, by Deployment Mode (2019-2030)
9.8. Market Volume, by Weight (2019-2030)
9.9. Market Revenue, by Weight (2019-2030)
9.10. Market Volume, by Application (2019-2030)
9.11. Market Revenue, by Application (2019-2030)
9.12. Market Volume, by Country (2019-2030)
9.13. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Type (2019-2030)
10.3. Market Revenue, by Type (2019-2030)
10.4. Market Volume, by Operational Depth (2019-2030)
10.5. Market Revenue, by Operational Depth (2019-2030)
10.6. Market Volume, by Deployment Mode (2019-2030)
10.7. Market Revenue, by Deployment Mode (2019-2030)
10.8. Market Volume, by Weight (2019-2030)
10.9. Market Revenue, by Weight (2019-2030)
10.10. Market Volume, by Application (2019-2030)
10.11. Market Revenue, by Application (2019-2030)
10.12. Market Volume, by Country (2019-2030)
10.13. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Type (2019-2030)
11.3. Market Revenue, by Type (2019-2030)
11.4. Market Volume, by Operational Depth (2019-2030)
11.5. Market Revenue, by Operational Depth (2019-2030)
11.6. Market Volume, by Deployment Mode (2019-2030)
11.7. Market Revenue, by Deployment Mode (2019-2030)
11.8. Market Volume, by Weight (2019-2030)
11.9. Market Revenue, by Weight (2019-2030)
11.10. Market Volume, by Application (2019-2030)
11.11. Market Revenue, by Application (2019-2030)
11.12. Market Volume, by Country (2019-2030)
11.13. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Type (2019-2030)
12.3. Market Revenue, by Type (2019-2030)
12.4. Market Volume, by Operational Depth (2019-2030)
12.5. Market Revenue, by Operational Depth (2019-2030)
12.6. Market Volume, by Deployment Mode (2019-2030)
12.7. Market Revenue, by Deployment Mode (2019-2030)
12.8. Market Volume, by Weight (2019-2030)
12.9. Market Revenue, by Weight (2019-2030)
12.10. Market Volume, by Application (2019-2030)
12.11. Market Revenue, by Application (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Type (2019-2030)
13.3. Market Revenue, by Type (2019-2030)
13.4. Market Volume, by Operational Depth (2019-2030)
13.5. Market Revenue, by Operational Depth (2019-2030)
13.6. Market Volume, by Deployment Mode (2019-2030)
13.7. Market Revenue, by Deployment Mode (2019-2030)
13.8. Market Volume, by Weight (2019-2030)
13.9. Market Revenue, by Weight (2019-2030)
13.10. Market Volume, by Application (2019-2030)
13.11. Market Revenue, by Application (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Type (2019-2030)
14.3. Market Revenue, by Type (2019-2030)
14.4. Market Volume, by Operational Depth (2019-2030)
14.5. Market Revenue, by Operational Depth (2019-2030)
14.6. Market Volume, by Deployment Mode (2019-2030)
14.7. Market Revenue, by Deployment Mode (2019-2030)
14.8. Market Volume, by Weight (2019-2030)
14.9. Market Revenue, by Weight (2019-2030)
14.10. Market Volume, by Application (2019-2030)
14.11. Market Revenue, by Application (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Type (2019-2030)
15.3. Market Revenue, by Type (2019-2030)
15.4. Market Volume, by Operational Depth (2019-2030)
15.5. Market Revenue, by Operational Depth (2019-2030)
15.6. Market Volume, by Deployment Mode (2019-2030)
15.7. Market Revenue, by Deployment Mode (2019-2030)
15.8. Market Volume, by Weight (2019-2030)
15.9. Market Revenue, by Weight (2019-2030)
15.10. Market Volume, by Application (2019-2030)
15.11. Market Revenue, by Application (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Type (2019-2030)
16.3. Market Revenue, by Type (2019-2030)
16.4. Market Volume, by Operational Depth (2019-2030)
16.5. Market Revenue, by Operational Depth (2019-2030)
16.6. Market Volume, by Deployment Mode (2019-2030)
16.7. Market Revenue, by Deployment Mode (2019-2030)
16.8. Market Volume, by Weight (2019-2030)
16.9. Market Revenue, by Weight (2019-2030)
16.10. Market Volume, by Application (2019-2030)
16.11. Market Revenue, by Application (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Type (2019-2030)
17.3. Market Revenue, by Type (2019-2030)
17.4. Market Volume, by Operational Depth (2019-2030)
17.5. Market Revenue, by Operational Depth (2019-2030)
17.6. Market Volume, by Deployment Mode (2019-2030)
17.7. Market Revenue, by Deployment Mode (2019-2030)
17.8. Market Volume, by Weight (2019-2030)
17.9. Market Revenue, by Weight (2019-2030)
17.10. Market Volume, by Application (2019-2030)
17.11. Market Revenue, by Application (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Type (2019-2030)
18.3. Market Revenue, by Type (2019-2030)
18.4. Market Volume, by Operational Depth (2019-2030)
18.5. Market Revenue, by Operational Depth (2019-2030)
18.6. Market Volume, by Deployment Mode (2019-2030)
18.7. Market Revenue, by Deployment Mode (2019-2030)
18.8. Market Volume, by Weight (2019-2030)
18.9. Market Revenue, by Weight (2019-2030)
18.10. Market Volume, by Application (2019-2030)
18.11. Market Revenue, by Application (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Type (2019-2030)
19.3. Market Revenue, by Type (2019-2030)
19.4. Market Volume, by Operational Depth (2019-2030)
19.5. Market Revenue, by Operational Depth (2019-2030)
19.6. Market Volume, by Deployment Mode (2019-2030)
19.7. Market Revenue, by Deployment Mode (2019-2030)
19.8. Market Volume, by Weight (2019-2030)
19.9. Market Revenue, by Weight (2019-2030)
19.10. Market Volume, by Application (2019-2030)
19.11. Market Revenue, by Application (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Type (2019-2030)
20.3. Market Revenue, by Type (2019-2030)
20.4. Market Volume, by Operational Depth (2019-2030)
20.5. Market Revenue, by Operational Depth (2019-2030)
20.6. Market Volume, by Deployment Mode (2019-2030)
20.7. Market Revenue, by Deployment Mode (2019-2030)
20.8. Market Volume, by Weight (2019-2030)
20.9. Market Revenue, by Weight (2019-2030)
20.10. Market Volume, by Application (2019-2030)
20.11. Market Revenue, by Application (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Type (2019-2030)
21.3. Market Revenue, by Type (2019-2030)
21.4. Market Volume, by Operational Depth (2019-2030)
21.5. Market Revenue, by Operational Depth (2019-2030)
21.6. Market Volume, by Deployment Mode (2019-2030)
21.7. Market Revenue, by Deployment Mode (2019-2030)
21.8. Market Volume, by Weight (2019-2030)
21.9. Market Revenue, by Weight (2019-2030)
21.10. Market Volume, by Application (2019-2030)
21.11. Market Revenue, by Application (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Type (2019-2030)
22.3. Market Revenue, by Type (2019-2030)
22.4. Market Volume, by Operational Depth (2019-2030)
22.5. Market Revenue, by Operational Depth (2019-2030)
22.6. Market Volume, by Deployment Mode (2019-2030)
22.7. Market Revenue, by Deployment Mode (2019-2030)
22.8. Market Volume, by Weight (2019-2030)
22.9. Market Revenue, by Weight (2019-2030)
22.10. Market Volume, by Application (2019-2030)
22.11. Market Revenue, by Application (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Type (2019-2030)
23.3. Market Revenue, by Type (2019-2030)
23.4. Market Volume, by Operational Depth (2019-2030)
23.5. Market Revenue, by Operational Depth (2019-2030)
23.6. Market Volume, by Deployment Mode (2019-2030)
23.7. Market Revenue, by Deployment Mode (2019-2030)
23.8. Market Volume, by Weight (2019-2030)
23.9. Market Revenue, by Weight (2019-2030)
23.10. Market Volume, by Application (2019-2030)
23.11. Market Revenue, by Application (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Type (2019-2030)
24.3. Market Revenue, by Type (2019-2030)
24.4. Market Volume, by Operational Depth (2019-2030)
24.5. Market Revenue, by Operational Depth (2019-2030)
24.6. Market Volume, by Deployment Mode (2019-2030)
24.7. Market Revenue, by Deployment Mode (2019-2030)
24.8. Market Volume, by Weight (2019-2030)
24.9. Market Revenue, by Weight (2019-2030)
24.10. Market Volume, by Application (2019-2030)
24.11. Market Revenue, by Application (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Type (2019-2030)
25.3. Market Revenue, by Type (2019-2030)
25.4. Market Volume, by Operational Depth (2019-2030)
25.5. Market Revenue, by Operational Depth (2019-2030)
25.6. Market Volume, by Deployment Mode (2019-2030)
25.7. Market Revenue, by Deployment Mode (2019-2030)
25.8. Market Volume, by Weight (2019-2030)
25.9. Market Revenue, by Weight (2019-2030)
25.10. Market Volume, by Application (2019-2030)
25.11. Market Revenue, by Application (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Type (2019-2030)
26.3. Market Revenue, by Type (2019-2030)
26.4. Market Volume, by Operational Depth (2019-2030)
26.5. Market Revenue, by Operational Depth (2019-2030)
26.6. Market Volume, by Deployment Mode (2019-2030)
26.7. Market Revenue, by Deployment Mode (2019-2030)
26.8. Market Volume, by Weight (2019-2030)
26.9. Market Revenue, by Weight (2019-2030)
26.10. Market Volume, by Application (2019-2030)
26.11. Market Revenue, by Application (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Type (2019-2030)
27.3. Market Revenue, by Type (2019-2030)
27.4. Market Volume, by Operational Depth (2019-2030)
27.5. Market Revenue, by Operational Depth (2019-2030)
27.6. Market Volume, by Deployment Mode (2019-2030)
27.7. Market Revenue, by Deployment Mode (2019-2030)
27.8. Market Volume, by Weight (2019-2030)
27.9. Market Revenue, by Weight (2019-2030)
27.10. Market Volume, by Application (2019-2030)
27.11. Market Revenue, by Application (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Type (2019-2030)
28.3. Market Revenue, by Type (2019-2030)
28.4. Market Volume, by Operational Depth (2019-2030)
28.5. Market Revenue, by Operational Depth (2019-2030)
28.6. Market Volume, by Deployment Mode (2019-2030)
28.7. Market Revenue, by Deployment Mode (2019-2030)
28.8. Market Volume, by Weight (2019-2030)
28.9. Market Revenue, by Weight (2019-2030)
28.10. Market Volume, by Application (2019-2030)
28.11. Market Revenue, by Application (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Oceaneering International Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. DeepOcean
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. TechnipFMC plc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Planys Technologies
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Rovco Ltd
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Saab Seaeye Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. SeaRobotics Corp.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. SUBSEA7 S.A.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Teledyne Technologies Incorporated
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Total Marine Technology Pty Ltd
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. DOF Group
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Remote Operated Vehicles Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)