Offshore AUV & ROV Market 2026: Emerging Opportunities | Techsci Research

TechSci Research recently released a report on the Global Offshore AUV & ROV Market, which forecasts that the market will grow at a CAGR of 11.48% in value terms and reach USD7.03 billion by 2026. Autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV) are in high demand due to their exceptional services. The increasing adoption of AUV and ROV is driven by the excessive use of fossil fuels, which has led to the need for green energy solutions. The rising demand for hydrocarbons has also encouraged companies to focus on offshore drilling activities, while AUVs have become important in studying seafloors before the construction of sub-seas infrastructure. Additionally, the integration of intelligent control systems and sensor-based steering technologies will contribute to an increase in demand for AUVs and ROVs worldwide during the forecast period.

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The exploration of deep-water reserves has become necessary due to the ever-increasing demand for oil and gas and the depletion of near-shore and onshore reserves. As a result, high technology-based remotely operated vehicles (ROVs) are increasingly being used to tap reserves buried thousands of meters deep in the ocean floor. The offshore AUV & ROV market has been segmented into various regions, including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. North America is expected to dominate the overall offshore AUV & ROV market owing to the increasing oil & gas projects, especially in the U.S. and Mexico.

In the remotely operated vehicles market, work class vehicles are the product type segment contributing to the largest market share. Light work class ROVs, which weigh about 700 kg, are used in engineering and scientific research to capture, measure, construct, or conceal items underwater. The maximum depth range for light work class ROVs is between 4,000 and 6,000 meters. Work class ROVs with robotic arm manipulators are used to grasp objects, pumps, and brushes for cleaning operations, as well as for underwater pipeline or deep-water rig construction. Electronic instruments used in work class ROVs include underwater cameras and lights, acoustic positioning instruments, Conductivity, Temperature, and Depth (CTD) recording instruments, tracking systems, and side-scan, bottom scan, and multi-beam sonar.

The exceptional services offered by autonomous underwater vehicles (AUVs) as well as remotely operated vehicles (ROVs) have created a huge demand worldwide. The excessive use of fossil fuels has led to an increasing adoption of AUVs and ROVs among end-users worldwide. The constantly rising demand for hydrocarbons has encouraged companies to focus on offshore drilling activities to enhance green energy. The role of AUVs in studying seafloors before the construction of subs-seas infrastructure has fueled the demand for AUVs in recent years. Additionally, the incorporation of technologies such as intelligent control systems and sensor-based steering will contribute to an increase in the demand for AUVs and ROVs worldwide. The report covers several factors that have contributed to the increase in the global offshore AUV and ROV market.

Oceaneering International. Inc, Fugro, DOF Subsea, Helix Energy Solutions, Subsea 7. Inc, SaaB AB, Bluefin Robotics, Atlas Electronik, Kongsberg Maritime, Deep Ocean Group, Saipem S.p.A, Teledyne Technologies, are some of the companies operating in the offshore AUV & ROV market.

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“The electric system accounted for largest market share of 37.86% in 2020 and is expected to dominate the market by 2026 with a share of 38.72%. Electric systems contain lithium-ion batteries that are used in ROVs and these batteries are useful for increased endurance and greater operating range. Moreover, these batteries are commonly used in combination with other propulsion systems for improving the efficiency and reliability of ROVs. High thrust to weight ratio, excellent reliability in operations, ability to fit a battery for tether-less operations, and environment friendly are some of the benefits of an electric propulsion system. Additionally, technological advancement in AUV & ROV propulsion system, ongoing research activities on marine science, and the launch of efficient electric propulsion systems are the factors that have boosted the adoption of electric propulsion.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Offshore AUV & ROV Market By Product Type (AUV, ROV), By Propulsion System (Hybrid System, Electric System, Mechanical System), By Depth (Less Than 5,000 Feet, 5,000–10,000 Feet, Above 10,000 Feet), By Application (Drilling & Well Completion Support, Construction Support, Inspection, Repair & Maintenance Service, Subsea Engineering Services & Remote Subsea Intervention Tooling Design), By End User (Oil & Gas, Defense, Commercial, Scientific Research) By Region, Competition Forecast & Opportunities, 2016-2026’’ has evaluated the future growth potential of Global Offshore AUV & ROV Market and provided statistics & information on market size, shares, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Offshore AUV & ROV Market.

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TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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