Collaborative efforts in supplying ROVs to bolster ocean research are driving the industry progression. Partnerships, such as those between research institutions and technology providers, facilitate the development of specialized ROV systems tailored for scientific exploration. For instance, in July 2023, Forum Energy Technologies (FET) received a contract from the Memorial University of Newfoundland to provide an electric observation Remotely Operated Vehicle (ROV) for the Fisheries and Marine Institute. The ROV, designed for ocean research, is capable of carrying a payload skid for navigation, sensors, and equipment while also having the capability for manipulation along with intervention tasks.
Surging deepwater exploration and production activities are a major factor propelling the Remote Operated Vehicle (ROV) market. As offshore industries increasingly venture into deeper waters to extract valuable resources, the demand for ROVs rises significantly. These versatile machines play a pivotal role in underwater operations, assisting in exploration, drilling, and maintenance tasks at considerable depths. Their ability to navigate challenging deep-sea environments positions ROVs as indispensable tools.