AUV & ROV Market - Global Industry Analysis (2019 - 2022), Growth Trends, and Market Forecast (2023 - 2030)

PUBLISHED: March 27, 2023

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Description

With greater focus being given to marine conservation and management, AUVs and ROVs are now also being increasingly used for various underwater projects and studies. With respective governments now investing greater sums towards research endeavours to better understand marine ecosystems, a higher adoption rate of these vehicles is expected in the coming years. Factors such as these are expected to have a profound influence on the growth trajectory of this global market in the coming years. Fairfield Market Research highlights that the global AUV & ROV market is expected to expand at a CAGR of 7.8%, in turn achieving a projected valuation of about US$7 Bn by 2030.

AUVs and ROVs are extensively used in environments that would otherwise be inaccessible to individuals for assorted reasons. As such, there are several end-use industries such as oil & gas, defence & security, oceanographic research, marine transportation, and renewable energy, in which these vehicles are employed. Moreover, the adoption of unmanned systems in these end-use industries has gradually risen in recent years due to increased efficiency, lower costs, and improved safety. For example, the ever-increasing demand for energy resources has led to more instances of AUVs and ROVs being utilized which has resulted in these vehicles becoming an integral part of the oil & gas industry for exploration, surveying, and maintenance activities. This is likely to accelerate the growth of AUV & ROV market space.

Key Research Insights

Rise in demand for AUV and ROV technologies in offshore oil and gas sector, and under the ice in the Arctic to bode well

ROVs currently possess greater market potential when compared to AUVs

AUVs will most likely gain ground across military applications, and academic research

The Middle East and Africa market remains the frontrunner

The inspection, repair, and maintenance segment to account for the largest market share

TechnipFMC remains the largest player

ROVs Remain Preferred over AUVs

Micro (3-20 Kg) and medium-sized ROVs (21-120 Kg) remain the highly preferred options for coastal monitoring, pipe and underwater structure inspection, and area mapping. Whereas heavy-duty ROVs (weight up to 5,000 Kg) are utilized for drilling support, and construction and heavy duty works, says the report. AUVs are expensive than ROVs, costs ranging between US$2-6 Mn depth rating of up to 3,000 m. The operational costs for AUV deployment is around US$30,000 per day. AUVs can survey a pipeline two to three-fold faster than ROV.

On the other hand, ROVs can cost anywhere from a few thousand dollars to millions of dollars depending on the range and precision. The brand, price, and warranty provided for the product, technical support services offered by the company, after sales service, value for money, and many other factors play a significant role in aiding end users while arriving at the decision of buying an ROV or AUV.

Increasing Investments, and Technological Advancements to be Critical Growth Drivers

In recent years, there has been a steady uptick in investments by respective governments and private entities towards the development of the global AUV & ROV market. Additionally, the implementation of various technological advancements such as improved battery life, communication systems, and improved sensors, have all led to a higher level of efficiency and productivity of AUVs and ROVs.

Fairfield Market Research has found that factors such as these have led to greater adoption of these vehicles for various applications in many end-use industries, in turn boosting the growth trajectory of the global AUV & ROV market in the process.

Asia Pacific is Expected to Index the Highest CAGR over the Forecast Period

North America has historically accounted for the majority market share of the global AUV & ROV market owing to the increasing adoption of technological advancements as well as a greater demand for these vehicles in various end-use industries. The Middle East & Africa is also slated to make immense strides in the market in the coming years.

However, Fairfield Market Research indicates that the Asia Pacific is expected to index the highest CAGR over the forecast timeline. This can be attributed to the increase in investments in the oil & gas industry as well as a growing demand for these vehicles in offshore energy exploration and marine transportation applications.

Global AUV & ROV Market - Key Competitors

SUBSEA7, Oceaneering International Inc., Argeo, Fugro, Saab AB, Atlas Elektronik GmbH, BIRNS Inc., TechnipFMC Plc, STAPEM Offshore, and Kongsberg Maritime, all collectively account for the majority revenue share of the AUV & ROV market and are extensively detailed under our comprehensive competitive profiling and strategic analysis.

1. Executive Summary

1.1. Global AUV & ROV Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.2.4. Economic Trends
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact
- 2.5.1. Supply Chain
- 2.5.2. End-user Industry Customer Impact Analysis

3. Price Trends Analysis

4. Global AUV & ROV Market Outlook, 2019 - 2030

4.1. Global AUV & ROV Market Outlook, by Type, Value (US$ Mn), 2019 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. ROVs
  - 4.1.1.2. AUVs
- 4.1.2. BPS Analysis/Market Attractiveness Analysis, by Type
4.2. Global AUV & ROV Market Outlook, by Propulsion, Value (US$ Mn), 2019 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Mechanical System
  - 4.2.1.2. Electric System
  - 4.2.1.3. Hybrid System
  - 4.2.1.4. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis, by Propulsion
4.3. Global AUV & ROV Market Outlook, by End-user Industry, Value (US$ Mn), 2019 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Oil & Gas
  - 4.3.1.2. Commercial
  - 4.3.1.3. Defense
  - 4.3.1.4. Others
- 4.3.2. BPS Analysis/Market Attractiveness Analysis, by End-user Industry
4.4. Global AUV & ROV Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. North America
  - 4.4.1.2. Europe
  - 4.4.1.3. Asia Pacific
  - 4.4.1.4. Latin America
  - 4.4.1.5. Middle East & Africa
- 4.4.2. BPS Analysis/Market Attractiveness Analysis, by Region

5. North America AUV & ROV Market Outlook, 2019 - 2030

5.1. North America AUV & ROV Market Outlook, by Type, Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. ROVs
  - 5.1.1.2. AUVs
5.2. North America AUV & ROV Market Outlook, by Propulsion, Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Mechanical System
  - 5.2.1.2. Electric System
  - 5.2.1.3. Hybrid System
  - 5.2.1.4. Others
5.3. North America AUV & ROV Market Outlook, by End-user Industry, Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Oil & Gas
  - 5.3.1.2. Commercial
  - 5.3.1.3. Defense
  - 5.3.1.4. Others
5.4. North America AUV & ROV Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. U.S. AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 5.4.1.2. Canada AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030

6. Europe AUV & ROV Market Outlook, 2019 - 2030

6.1. Europe AUV & ROV Market Outlook, by Type, Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. ROVs
  - 6.1.1.2. AUVs
6.2. Europe AUV & ROV Market Outlook, by Propulsion, Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Mechanical System
  - 6.2.1.2. Electric System
  - 6.2.1.3. Hybrid System
  - 6.2.1.4. Others
6.3. Europe AUV & ROV Market Outlook, by End-user Industry, Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Oil & Gas
  - 6.3.1.2. Commercial
  - 6.3.1.3. Defense
  - 6.3.1.4. Others
6.4. Europe AUV & ROV Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. Germany AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 6.4.1.2. France AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 6.4.1.3. U.K. AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 6.4.1.4. Italy AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 6.4.1.5. Rest of Europe AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030

7. Asia Pacific AUV & ROV Market Outlook, 2019 - 2030

7.1. Asia Pacific AUV & ROV Market Outlook, by Type, Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. ROVs
  - 7.1.1.2. AUVs
7.2. Asia Pacific AUV & ROV Market Outlook, by Propulsion, Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Mechanical System
  - 7.2.1.2. Electric System
  - 7.2.1.3. Hybrid System
  - 7.2.1.4. Others
7.3. Asia Pacific AUV & ROV Market Outlook, by End-user Industry, Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Oil & Gas
  - 7.3.1.2. Commercial
  - 7.3.1.3. Defense
  - 7.3.1.4. Others
7.4. Asia Pacific AUV & ROV Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. China AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 7.4.1.2. Japan AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 7.4.1.3. India AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 7.4.1.4. ASEAN AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 7.4.1.5. Rest of Asia Pacific AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030

8. Latin America AUV & ROV Market Outlook, 2019 - 2030

8.1. Latin America AUV & ROV Market Outlook, by Type, Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. ROVs
  - 8.1.1.2. AUVs
8.2. Latin America AUV & ROV Market Outlook, by Propulsion, Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Mechanical System
  - 8.2.1.2. Electric System
  - 8.2.1.3. Hybrid System
  - 8.2.1.4. Others
8.3. Latin America AUV & ROV Market Outlook, by End-user Industry, Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Oil & Gas
  - 8.3.1.2. Commercial
  - 8.3.1.3. Defense
  - 8.3.1.4. Others
8.4. Latin America AUV & ROV Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. Brazil AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 8.4.1.2. Mexico AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 8.4.1.3. Rest of Latin America AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030

9. Middle East & Africa AUV & ROV Market Outlook, 2019 - 2030

9.1. Middle East & Africa AUV & ROV Market Outlook, by Type, Value (US$ Mn), 2019 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. ROVs
  - 9.1.1.2. AUVs
9.2. Middle East & Africa AUV & ROV Market Outlook, by Propulsion, Value (US$ Mn), 2019 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. Mechanical System
  - 9.2.1.2. Electric System
  - 9.2.1.3. Hybrid System
  - 9.2.1.4. Others
9.3. Middle East & Africa AUV & ROV Market Outlook, by End-user Industry, Value (US$ Mn), 2019 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Oil & Gas
  - 9.3.1.2. Commercial
  - 9.3.1.3. Defense
  - 9.3.1.4. Others
9.4. Middle East & Africa AUV & ROV Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. GCC AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 9.4.1.2. South Africa AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030
  - 9.4.1.3. Rest of Middle East & Africa AUV & ROV Market, Value (US$ Mn), by Type, Propulsion, End-user Industry, 2019 - 2030

10. Competitive Landscape

10.1. Company Market Share Analysis, 2022
10.2. Strategic Collaborations
10.3. Company Profiles
- 10.3.1. SUBSEA7
  - 10.3.1.1. Company Overview
  - 10.3.1.2. Product Portfolio
  - 10.3.1.3. Financial Overview
  - 10.3.1.4. Business Strategies and Development
- 10.3.2. Oceaneering International, Inc.
  - 10.3.2.1. Company Overview
  - 10.3.2.2. Product Portfolio
  - 10.3.2.3. Financial Overview
  - 10.3.2.4. Business Strategies and Development
- 10.3.3. Argeo
  - 10.3.3.1. Company Overview
  - 10.3.3.2. Product Portfolio
  - 10.3.3.3. Financial Overview
  - 10.3.3.4. Business Strategies and Development
- 10.3.4. Fugro
  - 10.3.4.1. Company Overview
  - 10.3.4.2. Product Portfolio
  - 10.3.4.3. Financial Overview
  - 10.3.4.4. Business Strategies and Development
- 10.3.5. Saab AB
  - 10.3.5.1. Company Overview
  - 10.3.5.2. Product Portfolio
  - 10.3.5.3. Financial Overview
  - 10.3.5.4. Business Strategies and Development
- 10.3.6. Atlas Elektronik Gmbh
  - 10.3.6.1. Company Overview
  - 10.3.6.2. Product Portfolio
  - 10.3.6.3. Financial Overview
  - 10.3.6.4. Business Strategies and Development
- 10.3.7. BIRNS, Inc.
  - 10.3.7.1. Company Overview
  - 10.3.7.2. Product Portfolio
  - 10.3.7.3. Financial Overview
  - 10.3.7.4. Business Strategies and Development
- 10.3.8. Technip fmc
  - 10.3.8.1. Company Overview
  - 10.3.8.2. Product Portfolio
  - 10.3.8.3. Financial Overview
  - 10.3.8.4. Business Strategies and Development
- 10.3.9. Stapem Offshore
  - 10.3.9.1. Company Overview
  - 10.3.9.2. Product Portfolio
  - 10.3.9.3. Financial Overview
  - 10.3.9.4. Business Strategies and Development
- 10.3.10. Kongsberg Maritime
  - 10.3.10.1. Company Overview
  - 10.3.10.2. Product Portfolio
  - 10.3.10.3. Financial Overview
  - 10.3.10.4. Business Strategies and Development