Offshore AUV & ROV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast : 2024
The
exploration and production of oil and gas is shifting toward the subsea
regions. The subsea environment remains mostly unexplored on earth,
which adds to the difficulty experienced when it comes to monitoring and
conducting intervention in these regions. It also raises some unique
challenges as well as environmental issues. These tough environmental
conditions has led to the rapid development of the remotely operated
vehicles (ROV) and autonomous underwater vehicles (AUV) technology. AUVs
and ROVs are used for the maintenance, repair, and inspection of
offshore equipment.
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ROVs
are an established technology used extensively in the oil & gas
industry (up to 3000 m depth) as well as by the scientific and military
communities. The ROV technology improves work efficiency and reliability
and creates smaller umbilicals and advancements in the launch and
recovery systems. AUVs, on the other hand, are speedy and accurate.
AUV
is an emerging technology for small production runs. They are unmanned
submersible vehicles, independent of outside facilities or operators,
and free-swimming. They have various applications in pipeline
inspection, sub-sea inspection, sub-sea survey, cable inspection,
sampling, oceanographic, environmental monitoring, iceberg profiling,
under-ice surveys, countermeasures, underwater photography, and mine
detection. For the oil & gas industry, AUVs are an effective tool
for deep water mapping and survey as they exhibit better data quality
and cost-effective operations.
The
offshore AUV & ROV markets have been segmented by application,
payload, propulsion system, product type, and region. Based on
application, the market is divided into the oil and gas industry,
commercial, defense, scientific research, and others sectors. ROVs are
mainly used for various commercial applications, such as offshore
drilling, survey and sea bed mapping, pipelining, inspection several,
and cabling. The payload-based categories include sensors, synthetic
aperture sonar, camera, video screen, lighting system, and others.
In
terms of propulsion system, the market has been grouped into mechanical
system, electric system, hybrid system, and others. Based on ROV
product type, the divisions include high capacity electric vehicle,
small vehicle, heavy work-class, and work-class vehicle. Based on AUV
product type, they are man portable, lightweight vehicle (LWV),
heavyweight vehicle (HWV), and large vehicle. Finally, in terms of
region, the market is distributed over North America, Latin America,
Asia Pacific, Europe, and Middle East and Africa.
The
market for offshore AUV and ROV is majorly driven by factors such as
the growing necessity for mapping and ocean data, threats, and maritime
security. The increasing global requirement for deep water production is
another important aspect, with offshore explorations in Brazil,
Nigeria, Indonesia, and the Gulf of Mexico expected to rise during the
forecast period. There’s also an escalating number of offshore wells in
harsh environments and rising demand for energy and petro chemicals.
However, an unstable oil & gas market, price constraints, and
technological limitations might hampering this growth.
North
America is one of the leaders of the autonomous underwater vehicle
(AUV) & remotely operated vehicle (ROV) market, and is anticipated
to witness further growth during the forecast period. The U.S. is a
major operator, developer, and exporter of ROV & AUV across the
globe. The markets in Asia Pacific, Latin America, and Africa are
anticipated to expand during the forecast period. With the increasing
exploration and production of deep water activities in the subsea region
of South Africa, the demand of AUV and ROV for operating at such depths
is bound to rise.
Key
players in the global offshore AUV & ROV market include Saab AB,
Fugro N.V., Ocean Engineering Ltd, Kongsberg Maritime, Bluefin Robotics,
Atlas Elektronik GmbH, BIRNS. INC., International Submarine
Engineering, Ltd, Schilling Robotics LLC, Teledyne Technologies, Inc.,
and Subsea 7 S.A.
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The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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