Europe Observation Mini ROVs Market 2022-2032 by Component (Hardware, Solutions & Services), Vehicle Size (Micro, Mini), Payload Option (Without Payloads, With Payloads), Application (Oil & Gas, Military & Defense, Scientific Research, Aquaculture, Others), and Country: Trend Forecast and Growth Opportunity
Europe observation mini ROVs market was valued at $86.7 million in 2022 and will grow by 8.4% annually over 2022-2032, driven by the rising adoption of mini ROVs in the end-user verticals, the technological advancements and innovation, and the growing R&D investment along with government supports.
Highlighted with 34 tables and 48 figures, this 109-page report “Europe Observation Mini ROVs Market 2022-2032 by Component (Hardware, Solutions & Services), Vehicle Size (Micro, Mini), Payload Option (Without Payloads, With Payloads), Application (Oil & Gas, Military & Defense, Scientific Research, Aquaculture, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe observation mini ROVs market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe observation mini ROVs market in every aspect of the classification from perspectives of Component, Vehicle Size, Payload Option, Application, and Country.
Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ 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 Vehicle Size, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Micro Observation ROVs
• Mini Observation ROVs
By Payload Option, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Observation Mini ROVs without Payloads
• Observation Mini ROVs with Payloads
By Application, 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
• Aquaculture
• Other Applications
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, 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 Component, Vehicle Size, 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:
AC-CESS
CISCREA
Deep Ocean Engineering, Inc.
Deep Sea Systems International
Deep Trekker Inc.
Helix Energy Solutions
Hydrovision Ltd.
International Submarine Engineering (ISE) Ltd.
MarineNav Ltd.
Ocean Modules Sweden
Outland Technology, Inc.
SeaBotix, Inc.
Subsea Tech
VideoRay LLC
(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 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Europe Market by Component 46
3.1 Market Overview by Component 46
3.2 Hardware 48
3.2.1 Imaging System 50
3.2.2 Sensors and Automation System 51
3.2.3 Steering and Positioning System 52
3.2.4 Navigation System 53
3.2.5 Energy and Propulsion System 54
3.2.6 Other Hardware 55
3.3 Solutions & Services 56
4 Segmentation of Europe Market by Vehicle Size 57
4.1 Market Overview by Vehicle Size 57
4.2 Micro Observation ROVs 60
4.3 Mini Observation ROVs 61
5 Segmentation of Europe Market by Payload Option 62
5.1 Market Overview by Payload Option 62
5.2 Observation Mini ROVs without Payloads 64
5.3 Observation Mini ROVs with Payloads 65
6 Segmentation of Europe Market by Application 66
6.1 Market Overview by Application 66
6.2 Oil & Gas Industry 68
6.3 Military & Defense 69
6.4 Scientific Research 70
6.5 Aquaculture 71
6.6 Other Applications 72
7 European Market 2022-2032 by Country 73
7.1 Overview of European Market 73
7.2 Germany 76
7.3 U.K. 78
7.4 France 80
7.5 Spain 82
7.6 Italy 84
7.7 Russia 86
7.8 Rest of European Market 88
8 Competitive Landscape 90
8.1 Overview of Key Vendors 90
8.2 New Product Launch, Partnership, Investment, and M&A 93
8.3 Company Profiles 94
AC-CESS 94
CISCREA 96
Deep Ocean Engineering, Inc. 97
Deep Sea Systems International 98
Deep Trekker Inc. 99
Helix Energy Solutions 100
Hydrovision Ltd. 101
International Submarine Engineering (ISE) Ltd. 102
MarineNav Ltd. 103
Ocean Modules Sweden 104
Outland Technology, Inc. 105
SeaBotix, Inc. 106
Subsea Tech 107
VideoRay LLC 108
RELATED REPORTS 109
List of Tables:
Table 1. Snapshot of Europe Observation Mini ROVs Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in Europe Observation Mini ROVs Market 38
Table 6. Europe Observation Mini ROVs Market by Component, 2022-2032, $ mn 46
Table 7. Europe Observation Mini ROVs Market: Hardware by Type, 2022-2032, $ mn 49
Table 8. Comparison of Micro and Mini Observation ROVs 57
Table 9. Europe Observation Mini ROVs Market by Vehicle Size, 2022-2032, $ mn 58
Table 10. Europe Observation Mini ROVs Market by Payload Option, 2022-2032, $ mn 62
Table 11. Europe Observation Mini ROVs Market by Application, 2022-2032, $ mn 66
Table 12. Europe Observation Mini ROVs Market by Country, 2022-2032, $ mn 75
Table 13. Germany Observation Mini ROVs Market by Component, 2022-2032, $ mn 77
Table 14. Germany Observation Mini ROVs Market by Vehicle Size, 2022-2032, $ mn 77
Table 15. Germany Observation Mini ROVs Market by Application, 2022-2032, $ mn 77
Table 16. U.K. Observation Mini ROVs Market by Component, 2022-2032, $ mn 79
Table 17. U.K. Observation Mini ROVs Market by Vehicle Size, 2022-2032, $ mn 79
Table 18. U.K. Observation Mini ROVs Market by Application, 2022-2032, $ mn 79
Table 19. France Observation Mini ROVs Market by Component, 2022-2032, $ mn 81
Table 20. France Observation Mini ROVs Market by Vehicle Size, 2022-2032, $ mn 81
Table 21. France Observation Mini ROVs Market by Application, 2022-2032, $ mn 81
Table 22. Spain Observation Mini ROVs Market by Component, 2022-2032, $ mn 83
Table 23. Spain Observation Mini ROVs Market by Vehicle Size, 2022-2032, $ mn 83
Table 24. Spain Observation Mini ROVs Market by Application, 2022-2032, $ mn 83
Table 25. Italy Observation Mini ROVs Market by Component, 2022-2032, $ mn 85
Table 26. Italy Observation Mini ROVs Market by Vehicle Size, 2022-2032, $ mn 85
Table 27. Italy Observation Mini ROVs Market by Application, 2022-2032, $ mn 85
Table 28. Russia Observation Mini ROVs Market by Component, 2022-2032, $ mn 87
Table 29. Russia Observation Mini ROVs Market by Vehicle Size, 2022-2032, $ mn 87
Table 30. Russia Observation Mini ROVs Market by Application, 2022-2032, $ mn 87
Table 31. Observation Mini ROVs Market in Rest of Europe by Country, 2022-2032, $ mn 89
Table 32. AC-CESS: Company Snapshot 94
Table 33. AC-CESS: Business Segmentation 95
Table 34. AC-CESS: Product Portfolio 95
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Europe Observation Mini ROVs Market by Revenue, 2022-2032, $ mn 19
Figure 5. Europe Observation Mini ROVs Market by Fleet in Operation, 2022-2032, unit 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of Europe Observation Mini ROVs Market 30
Figure 8. World Oil & Gas Offshore and Deepwater Production, 1970-2020 33
Figure 9. World Crude Oil Production, 2000-2021, million tons 34
Figure 10. Primary Restraints and Impact Factors of Europe Observation Mini ROVs Market 35
Figure 11. Investment Opportunity Analysis 39
Figure 12. Porter’s Fiver Forces Analysis of Europe Observation Mini ROVs Market 42
Figure 13. Breakdown of Europe Observation Mini ROVs Market by Component, 2022-2032, % of Revenue 47
Figure 14. Europe Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 47
Figure 15. Europe Observation Mini ROVs Market by Component: Hardware, 2022-2032, $ mn 48
Figure 16. Europe Observation Mini ROVs Market by Hardware: Imaging System, 2022-2032, $ mn 50
Figure 17. Europe Observation Mini ROVs Market by Hardware: Sensors and Automation System, 2022-2032, $ mn 51
Figure 18. Europe Observation Mini ROVs Market by Hardware: Steering and Positioning System, 2022-2032, $ mn 52
Figure 19. Europe Observation Mini ROVs Market by Hardware: Navigation System, 2022-2032, $ mn 53
Figure 20. Europe Observation Mini ROVs Market by Hardware: Energy and Propulsion System, 2022-2032, $ mn 54
Figure 21. Europe Observation Mini ROVs Market by Hardware: Other Hardware, 2022-2032, $ mn 55
Figure 22. Europe Observation Mini ROVs Market by Component: Solutions & Services, 2022-2032, $ mn 56
Figure 23. Example Picture of Observation ROVs 57
Figure 24. Breakdown of Europe Observation Mini ROVs Market by Vehicle Size, 2022-2032, % of Sales Revenue 59
Figure 25. Europe Addressable Market Cap in 2023-2032 by Vehicle Size, Value ($ mn) and Share (%) 59
Figure 26. Europe Observation Mini ROVs Market by Vehicle Size: Micro Observation ROVs, 2022-2032, $ mn 60
Figure 27. Europe Observation Mini ROVs Market by Vehicle Size: Mini Observation ROVs, 2022-2032, $ mn 61
Figure 28. Breakdown of Europe Observation Mini ROVs Market by Payload Option, 2022-2032, % of Sales Revenue 63
Figure 29. Europe Addressable Market Cap in 2023-2032 by Payload Option, Value ($ mn) and Share (%) 63
Figure 30. Europe Observation Mini ROVs Market by Payload Option: Observation Mini ROVs without Payloads, 2022-2032, $ mn 64
Figure 31. Europe Observation Mini ROVs Market by Payload Option: Observation Mini ROVs with Payloads, 2022-2032, $ mn 65
Figure 32. Breakdown of Europe Observation Mini ROVs Market by Application, 2022-2032, % of Revenue 67
Figure 33. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 67
Figure 34. Europe Observation Mini ROVs Market by Application: Oil & Gas Industry, 2022-2032, $ mn 68
Figure 35. Europe Observation Mini ROVs Market by Application: Military & Defense, 2022-2032, $ mn 69
Figure 36. Europe Observation Mini ROVs Market by Application: Scientific Research, 2022-2032, $ mn 70
Figure 37. Europe Observation Mini ROVs Market by Application: Aquaculture, 2022-2032, $ mn 71
Figure 38. Europe Observation Mini ROVs Market by Application: Other Applications, 2022-2032, $ mn 72
Figure 39. Breakdown of European Observation Mini ROVs Market by Country, 2022 and 2032, % of Revenue 74
Figure 40. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 41. Observation Mini ROVs Market in Germany, 2022-2032, $ mn 76
Figure 42. Observation Mini ROVs Market in U.K., 2022-2032, $ mn 78
Figure 43. Observation Mini ROVs Market in France, 2022-2032, $ mn 80
Figure 44. Observation Mini ROVs Market in Spain, 2022-2032, $ mn 82
Figure 45. Observation Mini ROVs Market in Italy, 2022-2032, $ mn 84
Figure 46. Observation Mini ROVs Market in Russia, 2022-2032, $ mn 86
Figure 47. Observation Mini ROVs Market in Rest of Europe, 2022-2032, $ mn 88
Figure 48. Growth Stage of Europe Observation Mini ROVs Industry over the Forecast Period 90
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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