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

Europe remotely operated vehicle (ROV) market was valued at $344.0 million in 2022 and will grow by 5.6% 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.
Highlighted with 42 tables and 86 figures, this 152-page report “Europe 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 Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe 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 Europe 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 Europe 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 Country.

Based on Component, the Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Norway
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Italy, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets 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 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28
2.2 Major Growth Drivers 32
2.3 Market Restraints and Challenges 37
2.4 Emerging Opportunities and Market Trends 40
2.5 Porter’s Fiver Forces Analysis 44
3 Segmentation of Europe Market by Component 48
3.1 Market Overview by Component 48
3.2 Hardware 50
3.2.1 Imaging System 52
3.2.2 Sensors and Automation System 53
3.2.3 Steering and Positioning System 54
3.2.4 Navigation System 55
3.2.5 Energy and Propulsion System 56
3.2.6 Other Hardware 57
3.3 Solutions & Services 58
4 Segmentation of Europe Market by Category 59
4.1 Market Overview by Category 59
4.2 ROV New Builds 61
4.3 ROV Upgrade & Operation 63
5 Segmentation of Europe Market by Vehicle Type 65
5.1 Market Overview by Vehicle Type 65
5.2 Observation Vehicle 70
5.3 Light Work Class Vehicle 73
5.4 Medium Work Class Vehicle 75
5.5 Heavy Work Class Vehicle 77
5.6 Towed and Bottom-Crawling Vehicle 79
6 Segmentation of Europe Market by Propulsion System 81
6.1 Market Overview by Propulsion System 81
6.2 Hydraulic Systems 84
6.3 Electric Systems 86
6.4 Other Propulsion Systems 88
7 Segmentation of Europe Market by Working Depth 90
7.1 Market Overview by Working Depth 90
7.2 Shallow Water 92
7.3 Deepwater 93
7.4 Ultra-Deepwater 94
8 Segmentation of Europe Market by Industry Vertical 96
8.1 Market Overview by Industry Vertical 96
8.2 Oil & Gas Industry 98
8.3 Military & Defense 99
8.4 Scientific Research 100
8.5 Other Industry Verticals 101
9 Segmentation of Europe Market by Application 102
9.1 Market Overview by Application 102
9.2 Drilling Support 104
9.3 Construction Support 105
9.4 Inspection, Repair and Maintenance (IRM) 106
9.5 Subsea Engineering Services (SES) 107
9.6 Other Applications 108
10 European Market 2022-2032 by Country 109
10.1 Overview of European Market 109
10.2 Germany 112
10.3 U.K. 114
10.4 France 116
10.5 Spain 118
10.6 Norway 120
10.7 Russia 123
10.8 Rest of European Market 125
11 Competitive Landscape 127
11.1 Overview of Key Vendors 127
11.2 New Product Launch, Partnership, Investment, and M&A 131
11.3 Company Profiles 132
Bourbon 132
C-Innovation 134
DeepOcean AS 135
DOF Subsea AS 136
Forum Energy Technologies 137
Fugro Subsea Services Ltd. 138
Hallin Marine 139
Harkand Andrews Survey 140
Helix Energy Solutions Group Inc. 141
i-Tech (Subsea 7) 142
KystDesign 143
Oceaneering International Inc. 144
Perry Slingsby Systems 145
SAAB 146
Saipem SpA 147
SchillingRobotics 148
SMD 149
TechnipFMC PLC 150
Teledyne Technologies Incorporated 151
RELATED REPORTS 152
 
List of Tables:

Table 1. Snapshot of Europe Remotely Operated Vehicle Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 24
Table 3. World Economic Outlook, 2021-2023 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Main Product Trends and Market Opportunities in Europe Remotely Operated Vehicle Market 40
Table 6. Europe Remotely Operated Vehicle Market by Component, 2022-2032, $ mn 48
Table 7. Europe Remotely Operated Vehicle Market: Hardware by Type, 2022-2032, $ mn 51
Table 8. Europe Remotely Operated Vehicle Market by Category, 2022-2032, $ mn 59
Table 9. Classifications of ROVs by Type 65
Table 10. Europe Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 66
Table 11. Europe Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, units of Fleet in Operation 68
Table 12. Exemplary Applications of Observation-grade ROVs 71
Table 13. Europe Remotely Operated Vehicle Market by Propulsion System, 2022-2032, $ mn 81
Table 14. Europe Remotely Operated Vehicle Market by Propulsion System, 2022-2032, units of Fleet in Operation 83
Table 15. Europe Remotely Operated Vehicle Market by Working Depth, 2022-2032, $ mn 90
Table 16. Europe Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 96
Table 17. Europe Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 102
Table 18. Europe Remotely Operated Vehicle Market by Country, 2022-2032, $ mn 111
Table 19. Germany Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 113
Table 20. Germany Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 113
Table 21. Germany Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 113
Table 22. U.K. Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 115
Table 23. U.K. Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 115
Table 24. U.K. Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 115
Table 25. France Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 117
Table 26. France Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 117
Table 27. France Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 117
Table 28. Spain Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 119
Table 29. Spain Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 119
Table 30. Spain Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 119
Table 31. Norway Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 121
Table 32. Norway Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 121
Table 33. Norway Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 121
Table 34. Russia Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn 124
Table 35. Russia Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn 124
Table 36. Russia Remotely Operated Vehicle Market by Application, 2022-2032, $ mn 124
Table 37. Remotely Operated Vehicle Market in Rest of Europe by Country, 2022-2032, $ mn 126
Table 38. Market Share of Worldwide Work-Class ROVs by Manufacturer in 2022, % Capex 129
Table 39. Market Share of Worldwide Work-Class ROVs by Operator in 2022, %Capex 129
Table 40. Bourbon: Company Snapshot 132
Table 41. Bourbon: Business Segmentation 133
Table 42. Bourbon: Product Portfolio 133

List of Figures:

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