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Global Work Class ROVs Market 2017-2025 by Industry Vertical, Application, Hardware Component, Vehicle Type, Propulsion System and Region

  • Report ID : 100451
  • Category : IoT and Automation
  • Pages : 189
  • Reporting status : Published Jan, 19
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  • Description
  • Table of Content
  • Research Methodology
  • Related Reports
Work-class  remotely  operated  vehicles  (ROVs)  are  large  enough  unmanned  underwater  vehicles  to  carry  additional  sensors  and/or  manipulators.  These  vehicles  commonly  have  a  multiplexing  capability  that  allows  additional  sensors  and  tools  to  operate  without  being  ‘hard-wired’  through  the  umbilical  system.  These  ROVs  are  generally  larger  and  more  powerful  than  observation  mini  ROVs.  The  evolution  of  ROV  technology  has  resulted  in  the  ever-growing  application  of  work  class  ROVs  in  oil  &  gas  industry,  military/defense,  scientific  research  and  other  sectors.  Global  total  Capex  (capital  expenditure)  of  work  class  ROVs  in  2025  will  advance  to  $XXX  billion,  registering  a  CAGR  of  9.3%  between  2016  and  2025.  This  represents  a  cumulative  Capex  of  $XXX  billion  during  2017-2025  owing  to  a  substantial  adoption  of  work  class  ROVs  for  drilling  support,  construction  support,  as  well  as  inspection,  repair  and  maintenance  (IRM)  activities  across  the  globe.  
Highlighted  with  47  tables  and  102  figures,  this  189-page  report  “Global  Work  Class  ROVs  Market  2017-2025  by  Industry  Vertical,  Application,  Hardware  Component,  Vehicle  Type,  Propulsion  System  and  Region”  is  based  on  a  comprehensive  research  of  worldwide  work  class  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.  The  report  provides  historical  market  data  for  2014  and  2015,  revenue  estimates  for  2016,  and  forecasts  from  2017  till  2025.

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  trend  and  outlook  of  global  market  is  forecast  in  optimistic,  balanced,  and  conservative  view.  The  balanced  (most  likely)  projection  is  used  to  quantify  global  work  class  ROVs  market  in  every  aspect  of  the  classification  from  perspectives  of  industry  vertical,  new  built  and  operation/service,  hardware  component,  vehicle  type,  application,  propulsion  system  and  region.  
Based  on  industry  vertical,  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.

•  Oil  &  Gas  Industry
•  Scientific  Research  
•  Military  &  Defense
•  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  hardware  component,  the  global  work  class  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  work  class  ROV  market  is  split  and  analyzed  on  the  following  sections  in  terms  of  annual  capex  and  fleet  in  operation  for  2014-2025.  
•  Light  Work  Class  Vehicle    
•  Medium  Work  Class  Vehicle  
•  Heavy  Work  Class  Vehicle  
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  propulsion  system,  the  global  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  work  class  ROV  vendors  including  market  leaders  and  important  emerging  players.

Specifically,  potential  risks  associated  with  investing  in  global  work  class  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.


Companies  Mentioned
Andrews  Survey  
C-Innovation  
DOF  Subsea  AS  
Forum  Energy  Technologies  
Fugro  Subsea  Services  Ltd  
Hallin  Marine  Subsea  International  PLC  
Helix  Energy  Solutions  
i-Tech  (Subsea  7)  
Kystdesign  AS  
Oceaneering  International,  Inc.  
Perry  Slingsby  Systems  Limited  
SAAB  SEAEYE  LTD.  
Saipem  (Sonsub)  
Schilling  Robotics,  LLC  
Soil  Machine  Dynamics  Ltd  (SMD)  
 

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