The global Underwater ROV market was valued at US$ 85 million in 2022 and is projected to reach US$ 147.6 million by 2029, at a CAGR of 8.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
An underwater remotely operated vehicle (ROV) is an unoccupied underwater robot that is connected to a ship by a series of cables. These cables transmit command and control signals between the operator and the ROV, allowing remote navigation of the vehicle. An ROV may include a video camera, lights, sonar systems, and an articulating arm. The articulating arm is used for retrieving small objects, cutting lines, or attaching lifting hooks to larger objects. The report mainly focuses on ROVs with max working depth between 100 to 500m.
This report aims to provide a comprehensive presentation of the global market for Underwater ROV, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Underwater ROV. This report contains market size and forecasts of Underwater ROV in global, including the following market information:
- Global Underwater ROV Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Underwater ROV Market Sales, 2018-2023, 2024-2029, (K Units)
- Global top five Underwater ROV companies in 2022 (%)
This market has witnessed significant growth owing to increased usage in aquaculture, dams and ships inspection and scientific and research. Increased investment in underwater ROV by leading players is expected to favourably impact market growth over the forecast period.
The Asia Pacific is expected to be the fastest-growing market over the forecast period owing to extensive usage in the market. Developing Countries such as China, India and Southeast Asia have great potential due to the fast economy development.
For the underwater ROV industry, the market is concentrated. VideoRay, Teledyne and ECA Group are the leader companies globally. The top five manufacturers have more than 30% of the market share and they have expanded their sales worldwide.
We surveyed the Underwater ROV manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Underwater ROV Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Underwater ROV Market Segment Percentages, by Type, 2022 (%)
- Max Depth 100-300m
- Max Depth 301-500m
Global Underwater ROV Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Underwater ROV Market Segment Percentages, by Application, 2022 (%)
- Aquaculture
- Dams and Ships Inspection
- Scientific and Research
- Others
Global Underwater ROV Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Underwater ROV Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Underwater ROV revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Underwater ROV revenues share in global market, 2022 (%)
- Key companies Underwater ROV sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Underwater ROV sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- VideoRay
- Teledyne
- Eca Group
- Deep Trekker
- SEAMOR Marine
- Lighthouse
- Saab
- Deep Ocean Engineering
- ROBOSEA
- Blueye Robotics
- Deepinfar
- Shenzhen Vxfly
- Nido Robotics
- Subsea Tech
- Blue Robotics
- IROV Technologies
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Underwater ROV, market overview.
- Chapter 2: Global Underwater ROV market size in revenue and volume.
- Chapter 3: Detailed analysis of Underwater ROV manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Underwater ROV in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Underwater ROV capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
