Global Remotely Operated Vehicle (ROV) Market 2022-2032 by Component (Hardware, Solutions & Services), Category (New Builds, ROV Upgrade & Operation), Vehicle Type

Global remotely operated vehicle (ROV) market will reach $4.08 billion by 2032, growing by 6.2% annually over 2022-2032, driven by the rising adoption of ROVs in various industry verticals, the growing expenses on oil and gas exploration as well as the increasing naval operations, the technological advancements and innovation, and the growing R&D investment along with government supports. By fleet in operation, the global total units will grow by 8.6% annually over the forecast period.
Highlighted with 92 tables and 119 figures, this 210-page report “Global Remotely Operated Vehicle (ROV) Market 2022-2032 by Component (Hardware, Solutions & Services), Category (New Builds, ROV Upgrade & Operation), Vehicle Type (Observation, Work Class, Towed and Bottom-Crawling), Propulsion System (Hydraulic, Electric, Others), Working Depth (Shallow, Deep, Ultra-Deep), Industry Vertical (Oil & Gas, Military, Research), Application (Drilling, Construction, IRM, SES), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global remotely operated vehicle (ROV) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global remotely operated vehicle (ROV) market in every aspect of the classification from perspectives of Component, Category, Vehicle Type, Propulsion System, Working Depth, Industry Vertical, Application, and Region.

Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Imaging System
o Sensors and Automation System
o Steering and Positioning System
o Navigation System
o Energy and Propulsion System
o Other Hardware
• Solutions & Services

Based on Category, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• ROV New Builds
• ROV Upgrade & Operation

By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) and fleet in operation (units) for 2022-2032 included in each section.
• Observation Vehicle
• Light Work Class Vehicle
• Medium Work Class Vehicle
• Heavy Work Class Vehicle
• Towed and Bottom-Crawling Vehicle

By Propulsion System, the global market is segmented into the following sub-markets with annual revenue ($ mn) and fleet in operation (units) for 2022-2032 included in each section.
• Hydraulic Systems
• Electric Systems
• Other Propulsion Systems

By Working Depth, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Shallow Water
• Deepwater
• Ultra-Deepwater

By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Oil & Gas Industry
• Military & Defense
• Scientific Research
• Other Industry Verticals

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Drilling Support
• Construction Support
• Inspection, Repair and Maintenance (IRM)
• Subsea Engineering Services (SES)
• Other Applications

Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Norway, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Italy, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) and fleet in operation (units) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Vehicle Type, Industry Vertical, and Application over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Bourbon
C-Innovation
DeepOcean AS
DOF Subsea AS
Forum Energy Technologies
Fugro Subsea Services Ltd.
Hallin Marine
Harkand Andrews Survey
Helix Energy Solutions Group Inc.
i-Tech (Subsea 7)
KystDesign
Oceaneering International Inc.
Perry Slingsby Systems
SAAB
Saipem SpA
SchillingRobotics
SMD
TechnipFMC PLC
Teledyne Technologies Incorporated
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 12
1.1 Industry Definition and Research Scope 12
1.1.1 Industry Definition 12
1.1.2 Research Scope 13
1.2 Research Methodology 16
1.2.1 Overview of Market Research Methodology 16
1.2.2 Market Assumption 17
1.2.3 Secondary Data 17
1.2.4 Primary Data 17
1.2.5 Data Filtration and Model Design 18
1.2.6 Market Size/Share Estimation 19
1.2.7 Research Limitations 20
1.3 Executive Summary 21
2 Market Overview and Dynamics 24
2.1 Market Size and Forecast 24
2.1.1 Impact of COVID-19 on World Economy 27
2.1.2 Impact of COVID-19 on the Market 30
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 32
2.2 Major Growth Drivers 36
2.3 Market Restraints and Challenges 41
2.4 Emerging Opportunities and Market Trends 44
2.5 Porter’s Fiver Forces Analysis 48
3 Segmentation of Global Market by Component 52
3.1 Market Overview by Component 52
3.2 Hardware 54
3.2.1 Imaging System 56
3.2.2 Sensors and Automation System 57
3.2.3 Steering and Positioning System 58
3.2.4 Navigation System 59
3.2.5 Energy and Propulsion System 60
3.2.6 Other Hardware 61
3.3 Solutions & Services 62
4 Segmentation of Global Market by Category 63
4.1 Market Overview by Category 63
4.2 ROV New Builds 65
4.3 ROV Upgrade & Operation 67
5 Segmentation of Global Market by Vehicle Type 69
5.1 Market Overview by Vehicle Type 69
5.2 Observation Vehicle 74
5.3 Light Work Class Vehicle 77
5.4 Medium Work Class Vehicle 79
5.5 Heavy Work Class Vehicle 81
5.6 Towed and Bottom-Crawling Vehicle 83
6 Segmentation of Global Market by Propulsion System 85
6.1 Market Overview by Propulsion System 85
6.2 Hydraulic Systems 88
6.3 Electric Systems 90
6.4 Other Propulsion Systems 92
7 Segmentation of Global Market by Working Depth 94
7.1 Market Overview by Working Depth 94
7.2 Shallow Water 96
7.3 Deepwater 97
7.4 Ultra-Deepwater 98
8 Segmentation of Global Market by Industry Vertical 100
8.1 Market Overview by Industry Vertical 100
8.2 Oil & Gas Industry 102
8.3 Military & Defense 103
8.4 Scientific Research 104
8.5 Other Industry Verticals 105
9 Segmentation of Global Market by Application 106
9.1 Market Overview by Application 106
9.2 Drilling Support 108
9.3 Construction Support 109
9.4 Inspection, Repair and Maintenance (IRM) 110
9.5 Subsea Engineering Services (SES) 111
9.6 Other Applications 112
10 Segmentation of Global Market by Region 113
10.1 Geographic Market Overview 2022-2032 113
10.2 North America Market 2022-2032 by Country 118
10.2.1 Overview of North America Market 118
10.2.2 U.S. 122
10.2.3 Canada 125
10.2.4 Mexico 127
10.3 European Market 2022-2032 by Country 129
10.3.1 Overview of European Market 129
10.3.2 Germany 133
10.3.3 U.K. 135
10.3.4 France 137
10.3.5 Spain 139
10.3.6 Norway 141
10.3.7 Russia 144
10.3.8 Rest of European Market 146
10.4 Asia-Pacific Market 2022-2032 by Country 148
10.4.1 Overview of Asia-Pacific Market 148
10.4.2 Japan 152
10.4.3 China 155
10.4.4 Australia 157
10.4.5 India 159
10.4.6 South Korea 161
10.4.7 Rest of APAC Region 163
10.5 South America Market 2022-2032 by Country 165
10.5.1 Argentina 168
10.5.2 Brazil 170
10.5.3 Chile 172
10.5.4 Rest of South America Market 174
10.6 MEA Market 2022-2032 by Country 175
10.6.1 UAE 178
10.6.2 Saudi Arabia 180
10.6.3 South Africa 182
10.6.4 Other National Markets 184
11 Competitive Landscape 185
11.1 Overview of Key Vendors 185
11.2 New Product Launch, Partnership, Investment, and M&A 189
11.3 Company Profiles 190
Bourbon 190
C-Innovation 192
DeepOcean AS 193
DOF Subsea AS 194
Forum Energy Technologies 195
Fugro Subsea Services Ltd. 196
Hallin Marine 197
Harkand Andrews Survey 198
Helix Energy Solutions Group Inc. 199
i-Tech (Subsea 7) 200
KystDesign 201
Oceaneering International Inc. 202
Perry Slingsby Systems 203
SAAB 204
Saipem SpA 205
SchillingRobotics 206
SMD 207
TechnipFMC PLC 208
Teledyne Technologies Incorporated 209
RELATED REPORTS 210
 
List of Tables:

Table 1. Snapshot of Global Remotely Operated Vehicle Market in Balanced Perspective, 2022-2032 22
Table 2. World Economic Outlook, 2021-2031 28
Table 3. World Economic Outlook, 2021-2023 29
Table 4. Scenarios for Economic Impact of Ukraine Crisis 33
Table 5. Main Product Trends and Market Opportunities in Global Remotely Operated Vehicle Market 44
Table 6. Global Remotely Operated Vehicle Market by Component, 2022-2032, $ mn 52
Table 7. Global Remotely Operated Vehicle Market: Hardware by Type, 2022-2032, $ mn 55
Table 8. Global Remotely Operated Vehicle Market by Category, 2022-2032, $ mn 63
Table 9. Classifications of ROVs by Type 69
Table 10. Global Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 70
Table 11. Global Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, units of Fleet in Operation 72
Table 12. Exemplary Applications of Observation-grade ROVs 75
Table 13. Global Remotely Operated Vehicle Market by Propulsion System, 2022-2032, $ mn 85
Table 14. Global Remotely Operated Vehicle Market by Propulsion System, 2022-2032, units of Fleet in Operation 87
Table 15. Global Remotely Operated Vehicle Market by Working Depth, 2022-2032, $ mn 94
Table 16. Global Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 100
Table 17. Global Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 106
Table 18. Global Remotely Operated Vehicle Market by Region, 2022-2032, $ mn 114
Table 19. Global Remotely Operated Vehicle Market by Region, 2022-2032, units of Fleet in Operation 116
Table 20. Leading National Remotely Operated Vehicle Market, 2022 and 2032, $ mn 117
Table 21. North America Remotely Operated Vehicle Market by Country, 2022-2032, $ mn 120
Table 22. U.S. Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 124
Table 23. U.S. Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 124
Table 24. U.S. Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 124
Table 25. Canada Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 126
Table 26. Canada Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 126
Table 27. Canada Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 126
Table 28. Mexico Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 128
Table 29. Mexico Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 128
Table 30. Mexico Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 128
Table 31. Europe Remotely Operated Vehicle Market by Country, 2022-2032, $ mn 132
Table 32. Germany Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 134
Table 33. Germany Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 134
Table 34. Germany Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 134
Table 35. U.K. Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 136
Table 36. U.K. Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 136
Table 37. U.K. Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 136
Table 38. France Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 138
Table 39. France Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 138
Table 40. France Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 138
Table 41. Spain Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 140
Table 42. Spain Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 140
Table 43. Spain Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 140
Table 44. Norway Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 142
Table 45. Norway Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 142
Table 46. Norway Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 142
Table 47. Russia Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 145
Table 48. Russia Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 145
Table 49. Russia Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 145
Table 50. Remotely Operated Vehicle Market in Rest of Europe by Country, 2022-2032, $ mn 147
Table 51. APAC Remotely Operated Vehicle Market by Country, 2022-2032, $ mn 150
Table 52. Japan Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 154
Table 53. Japan Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 154
Table 54. Japan Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 154
Table 55. China Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 156
Table 56. China Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 156
Table 57. China Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 156
Table 58. Australia Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 158
Table 59. Australia Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 158
Table 60. Australia Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 158
Table 61. India Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 160
Table 62. India Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 160
Table 63. India Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 160
Table 64. South Korea Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 162
Table 65. South Korea Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 162
Table 66. South Korea Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 162
Table 67. Remotely Operated Vehicle Market in Rest of APAC by Country/Region, 2022-2032, $ mn 164
Table 68. South America Remotely Operated Vehicle Market by Country, 2022-2032, $ mn 167
Table 69. Argentina Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 169
Table 70. Argentina Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 169
Table 71. Argentina Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 169
Table 72. Brazil Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 171
Table 73. Brazil Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 171
Table 74. Brazil Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 171
Table 75. Chile Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 173
Table 76. Chile Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 173
Table 77. Chile Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 173
Table 78. MEA Remotely Operated Vehicle Market by Country, 2022-2032, $ mn 177
Table 79. UAE Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 179
Table 80. UAE Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 179
Table 81. UAE Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 179
Table 82. Saudi Arabia Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 181
Table 83. Saudi Arabia Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 181
Table 84. Saudi Arabia Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 181
Table 85. South Africa Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 183
Table 86. South Africa Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 183
Table 87. South Africa Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 183
Table 88. Market Share of Worldwide Work-Class ROVs by Manufacturer in 2022, % Capex 187
Table 89. Market Share of Worldwide Work-Class ROVs by Operator in 2022, %Capex 187
Table 90. Bourbon: Company Snapshot 190
Table 91. Bourbon: Business Segmentation 191
Table 92. Bourbon: Product Portfolio 191

List of Figures:

Figure 1. Research Method Flow Chart 16
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 19
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 21
Figure 4. Industry Value Chain Analysis 24
Figure 5. Global Remotely Operated Vehicle Market by Value, 2022-2032, $ mn 25
Figure 6. Global Remotely Operated Vehicle Market by Fleet in Operation, 2022-2032, unit 26
Figure 7. Impact of COVID-19 on Business 30
Figure 8. Primary Drivers and Impact Factors of Global Remotely Operated Vehicle Market 36
Figure 9. World Oil & Gas Offshore and Deepwater Production, 1970-2020 39
Figure 10. World Crude Oil Production, 2000-2021, million tons 40
Figure 11. Primary Restraints and Impact Factors of Global Remotely Operated Vehicle Market 41
Figure 12. Investment Opportunity Analysis 45
Figure 13. Porter’s Fiver Forces Analysis of Global Remotely Operated Vehicle Market 48
Figure 14. Breakdown of Global Remotely Operated Vehicle Market by Component, 2022-2032, % of Revenue 53
Figure 15. Global Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 53
Figure 16. Global Remotely Operated Vehicle Market by Component: Hardware, 2022-2032, $ mn 54
Figure 17. Global Remotely Operated Vehicle Market by Hardware: Imaging System, 2022-2032, $ mn 56
Figure 18. Global Remotely Operated Vehicle Market by Hardware: Sensors and Automation System, 2022-2032, $ mn 57
Figure 19. Global Remotely Operated Vehicle Market by Hardware: Steering and Positioning System, 2022-2032, $ mn 58
Figure 20. Global Remotely Operated Vehicle Market by Hardware: Navigation System, 2022-2032, $ mn 59
Figure 21. Global Remotely Operated Vehicle Market by Hardware: Energy and Propulsion System, 2022-2032, $ mn 60
Figure 22. Global Remotely Operated Vehicle Market by Hardware: Other Hardware, 2022-2032, $ mn 61
Figure 23. Global Remotely Operated Vehicle Market by Component: Solutions & Services, 2022-2032, $ mn 62
Figure 24. Breakdown of Global Remotely Operated Vehicle Market by Category, 2022-2032, % of Sales Revenue 64
Figure 25. Global Addressable Market Cap in 2023-2032 by Category, Value ($ mn) and Share (%) 64
Figure 26. Global Remotely Operated Vehicle Market by Category: ROV New Builds, 2022-2032, $ mn 65
Figure 27. Global Remotely Operated Vehicle Market by Category: ROV New Builds, 2022-2032, unit 66
Figure 28. Global Remotely Operated Vehicle Market by Category: ROV Upgrade & Operation, 2022-2032, $ mn 67
Figure 29. ROV Personnel in Global Remotely Operated Vehicle Industry, 2022-2032 68
Figure 30. Breakdown of Global Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, % of Sales Revenue 71
Figure 31. Global Addressable Market Cap in 2023-2032 by Vehicle Type, Value ($ mn) and Share (%) 71
Figure 32. Breakdown of Global Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, % of Fleet in Operation 72
Figure 33. Work-Class ROVs by Payload (kg) 73
Figure 34. Example Picture of Observation ROVs 74
Figure 35. Global Remotely Operated Vehicle Market by Vehicle Type: Observation Vehicle, 2022-2032, $ mn 76
Figure 36. Global Remotely Operated Vehicle Market by Vehicle Type: Observation Vehicle, 2022-2032, units of Fleet in Operation 76
Figure 37. Example Picture of Light Work-Class ROVs 77
Figure 38. Global Remotely Operated Vehicle Market by Vehicle Type: Light Work Class Vehicle, 2022-2032, $ mn 78
Figure 39. Global Remotely Operated Vehicle Market by Vehicle Type: Light Work Class Vehicle, 2022-2032, units of Fleet in Operation 78
Figure 40. Global Remotely Operated Vehicle Market by Vehicle Type: Medium Work Class Vehicle, 2022-2032, $ mn 79
Figure 41. Global Remotely Operated Vehicle Market by Vehicle Type: Medium Work Class Vehicle, 2022-2032, units of Fleet in Operation 80
Figure 42. Example Picture of Heavy Work-Class ROVs 81
Figure 43. Global Remotely Operated Vehicle Market by Vehicle Type: Heavy Work Class Vehicle, 2022-2032, $ mn 82
Figure 44. Global Remotely Operated Vehicle Market by Vehicle Type: Heavy Work Class Vehicle, 2022-2032, units of Fleet in Operation 82
Figure 45. Example Picture of Towed and Bottom-Crawling ROVs 83
Figure 46. Global Remotely Operated Vehicle Market by Vehicle Type: Towed and Bottom-Crawling Vehicle, 2022-2032, $ mn 84
Figure 47. Global Remotely Operated Vehicle Market by Vehicle Type: Towed and Bottom-Crawling Vehicle, 2022-2032, units of Fleet in Operation 84
Figure 48. Breakdown of Global Remotely Operated Vehicle Market by Propulsion System, 2022-2032, % of Revenue 86
Figure 49. Global Addressable Market Cap in 2023-2032 by Propulsion System, Value ($ mn) and Share (%) 86
Figure 50. Breakdown of Global Remotely Operated Vehicle Market by Propulsion System, 2022-2032, % of Fleet in Operation 87
Figure 51. Global Remotely Operated Vehicle Market by Propulsion System: Hydraulic Systems, 2022-2032, $ mn 88
Figure 52. Global Remotely Operated Vehicle Market by Propulsion System: Hydraulic Systems, 2022-2032, units of Fleet in Operation 89
Figure 53. Example Picture of High Capacity Electric ROVs 90
Figure 54. Global Remotely Operated Vehicle Market by Propulsion System: Electric Systems, 2022-2032, $ mn 91
Figure 55. Global Remotely Operated Vehicle Market by Propulsion System: Electric Systems, 2022-2032, units of Fleet in Operation 91
Figure 56. Global Remotely Operated Vehicle Market by Propulsion System: Other Propulsion Systems, 2022-2032, $ mn 92
Figure 57. Global Remotely Operated Vehicle Market by Propulsion System: Other Propulsion Systems, 2022-2032, units of Fleet in Operation 93
Figure 58. Breakdown of Global Remotely Operated Vehicle Market by Working Depth, 2022-2032, % of Revenue 95
Figure 59. Global Addressable Market Cap in 2023-2032 by Working Depth, Value ($ mn) and Share (%) 95
Figure 60. Global Remotely Operated Vehicle Market by Working Depth: Shallow Water, 2022-2032, $ mn 96
Figure 61. Global Remotely Operated Vehicle Market by Working Depth: Deepwater, 2022-2032, $ mn 97
Figure 62. Example Picture of Ultra Deep ROVs 98
Figure 63. Global Remotely Operated Vehicle Market by Working Depth: Ultra-Deepwater, 2022-2032, $ mn 99
Figure 64. Breakdown of Global Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, % of Revenue 100
Figure 65. Global Addressable Market Cap in 2023-2032 by Industry Vertical, Value ($ mn) and Share (%) 101
Figure 66. Global Remotely Operated Vehicle Market by Industry Vertical: Oil & Gas Industry, 2022-2032, $ mn 102
Figure 67. Global Remotely Operated Vehicle Market by Industry Vertical: Military & Defense, 2022-2032, $ mn 103
Figure 68. Global Remotely Operated Vehicle Market by Industry Vertical: Scientific Research, 2022-2032, $ mn 104
Figure 69. Global Remotely Operated Vehicle Market by Industry Vertical: Other Industry Verticals, 2022-2032, $ mn 105
Figure 70. Breakdown of Global Remotely Operated Vehicle Market by Application, 2022-2032, % of Sales Revenue 107
Figure 71. Global Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 107
Figure 72. Global Remotely Operated Vehicle Market by Application: Drilling Support, 2022-2032, $ mn 108
Figure 73. Global Remotely Operated Vehicle Market by Application: Construction Support, 2022-2032, $ mn 109
Figure 74. Global Remotely Operated Vehicle Market by Application: Inspection, Repair and Maintenance (IRM), 2022-2032, $ mn 110
Figure 75. Global Remotely Operated Vehicle Market by Application: Subsea Engineering Services (SES), 2022-2032, $ mn 111
Figure 76. Global Remotely Operated Vehicle Market by Application: Other Applications, 2022-2032, $ mn 112
Figure 77. Global Market Snapshot by Region 113
Figure 78. Geographic Spread of Worldwide Remotely Operated Vehicle Market, 2022-2032, % of Sales Revenue 114
Figure 79. Global Addressable Market Cap in 2023-2032 by Region, Value ($ mn) and Share (%) 115
Figure 80. Geographic Spread of Worldwide Remotely Operated Vehicle Market, 2022-2032, % of Fleet in Operation 116
Figure 81. North American Remotely Operated Vehicle Market, 2022-2032, $ mn 119
Figure 82. Breakdown of North America Remotely Operated Vehicle Market by Country, 2022 and 2032, % of Revenue 120
Figure 83. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 121
Figure 84. U.S. Remotely Operated Vehicle Market, 2022-2032, $ mn 123
Figure 85. Canada Remotely Operated Vehicle Market, 2022-2032, $ mn 125
Figure 86. Remotely Operated Vehicle Market in Mexico, 2022-2032, $ mn 127
Figure 87. European Remotely Operated Vehicle Market, 2022-2032, $ mn 130
Figure 88. Breakdown of European Remotely Operated Vehicle Market by Country, 2022 and 2032, % of Revenue 131
Figure 89. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 132
Figure 90. Remotely Operated Vehicle Market in Germany, 2022-2032, $ mn 133
Figure 91. Remotely Operated Vehicle Market in U.K., 2022-2032, $ mn 135
Figure 92. Remotely Operated Vehicle Market in France, 2022-2032, $ mn 137
Figure 93. Remotely Operated Vehicle Market in Spain, 2022-2032, $ mn 139
Figure 94. Remotely Operated Vehicle Market in Norway, 2022-2032, $ mn 141
Figure 95. Remotely Operated Vehicle Market in Russia, 2022-2032, $ mn 144
Figure 96. Remotely Operated Vehicle Market in Rest of Europe, 2022-2032, $ mn 146
Figure 97. Asia-Pacific Remotely Operated Vehicle Market, 2022-2032, $ mn 149
Figure 98. Breakdown of APAC Remotely Operated Vehicle Market by Country, 2022 and 2032, % of Revenue 149
Figure 99. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 151
Figure 100. Remotely Operated Vehicle Market in Japan, 2022-2032, $ mn 153
Figure 101. Remotely Operated Vehicle Market in China, 2022-2032, $ mn 155
Figure 102. Remotely Operated Vehicle Market in Australia, 2022-2032, $ mn 157
Figure 103. Remotely Operated Vehicle Market in India, 2022-2032, $ mn 159
Figure 104. Remotely Operated Vehicle Market in South Korea, 2022-2032, $ mn 161
Figure 105. Remotely Operated Vehicle Market in Rest of APAC, 2022-2032, $ mn 163
Figure 106. South America Remotely Operated Vehicle Market, 2022-2032, $ mn 166
Figure 107. Breakdown of South America Remotely Operated Vehicle Market by Country, 2022 and 2032, % of Revenue 166
Figure 108. Contribution to South America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 167
Figure 109. Remotely Operated Vehicle Market in Argentina, 2022-2032, $ mn 168
Figure 110. Remotely Operated Vehicle Market in Brazil, 2022-2032, $ mn 170
Figure 111. Remotely Operated Vehicle Market in Chile, 2022-2032, $ mn 172
Figure 112. Remotely Operated Vehicle Market in Rest of South America, 2022-2032, $ mn 174
Figure 113. Remotely Operated Vehicle Market in Middle East and Africa (MEA), 2022-2032, $ mn 176
Figure 114. Breakdown of MEA Remotely Operated Vehicle Market by Country, 2022 and 2032, % of Revenue 176
Figure 115. Contribution to MEA 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 177
Figure 116. Remotely Operated Vehicle Market in UAE, 2022-2032, $ mn 178
Figure 117. Remotely Operated Vehicle Market in Saudi Arabia, 2022-2032, $ mn 180
Figure 118. Remotely Operated Vehicle Market in South Africa, 2022-2032, $ mn 182
Figure 119. Growth Stage of Global Remotely Operated Vehicle Industry over the Forecast Period 185