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

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

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

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.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

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

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)