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Remote Operated Vehicle Market Share

Report ID: GMI7380
Published Date: Nov 2023
Report Format: PDF

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Remote Operated Vehicle Market Share

Major players operating in the remote operated vehicle industry are:

Deep Ocean Group
DOF Subsea
DOVONEX Inc.
Forum Energy Technologies
Fugro
Kongsberg Maritime
Oceaneering International
ROVOP
Saab Seaeye
Seatronics
SMD
Subsea 7
TechnipFMC

Oceaneering International and TechnipFMC plc are the major industry players operating in the business. Both Oceaneering International and TechnipFMC have a long history and experience in the offshore and subsea industries. They have been operating in the field for many years, which has allowed them to build expertise and a strong reputation. These companies have a significant global presence, with offices and operations in various regions around the world. Their extensive reach enables them to serve a wide range of clients and projects across different geographic locations.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market for remote operated vehicle was valued at USD 1.3 billion in 2022 and is estimated to register a CAGR of 11.5% between 2023 and 2032, backed by the investments in R&D, leading to technological advancements in ROV capabilities.

In 2022, the oil and energy held a market share of over 42% in 2022 and will continue fuel demand owing to the growing need for underwater inspection solutions.

North America led the market with a major share of over 35% in 2022 and will record strong CAGR through 2032, backed by the increasing deployment in the booming military and defense applications.

Deep Ocean Group, DOF Subsea, DOVONEX Inc., Forum Energy Technologies, Fugro, Kongsberg Maritime, Oceaneering International, ROVOP, Saab Seaeye, Seatronics, SMD, Subsea 7, and TechnipFMC.