Offshore auv & rov market Foreseen to Grow Exponentially by 2030

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Offshore AUV ROV Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2025

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Global Offshore AUV and ROV Market
Snapshot

• The global offshore AUV and ROV market is largely
  consolidated that features intense competition
  amongst well-entrenched players. Technological
  innovation is what key players are focused on to
  gain competitive advantage in this intensely
  competitive market.
• The ever-increasing demand for oil and gas and
  near exhaustion of near-shore and onshore
  reserves have necessitated the exploration of
  deep water reserves. This is leading to the
  increasing employment of high technology based
  remotely operated vehicles (ROVs) that can tap
  reserves buried thousands of meters deep on the
  ocean floor.
• On the other hand, autonomous underwater vehicles
  (AUVs) find extensive application in navigation
  systems of marine vehicles to raise alerts
  regarding submerged rocks, wrecks, and
  obstructions that can cause accidents. AUVs that
  are based on advanced technology operate sans
  human controllers to conduct a mission.

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Low Developmental and Maintenance Costs Favor
Growth in ROV Product Segment

• The report studies the global offshore AUV and
  ROV market on the basis of propulsion system,
  product type, application, and geography.
• Based on propulsion system, the market could be
  fragmented into mechanical system, electric
  system, hybrid system, and others. Amongst all,
  the electric propulsion system segment held the
  leading market share in 2016.
• The demand for electric propulsion system is on
  account of its advantages of low weight and
  simplicity in smaller ROV, versatility, ease of
  packaging, reliability, and low noise as compared
  to mechanical propulsion systems.
• The low cost factor also significantly accounts
  for the preference for electric propulsion
  systems.

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Middle East and Africa Market to Remain Dominant

• Region-wise, the report takes stock of the
  potential of offshore AUV and ROV market in the
  regions of North America, Europe, Asia Pacific,
  Latin America, and the Middle East and Africa.
• Amongst all, in 2016, the Middle East and Africa
  held the leading share of close to 27 in the
  overall market followed by Latin America. Going
  forward, the region is anticipated to display the
  leading CAGR of 20.3 between 2017 and 2025 for
  the demand to attract a revenue of US2,890.63 by
  2025 end.
• The vast abundance of oil and mineral deposits
  coupled with the rapidly increasing demand for
  oil account for the growth of the offshore AUV
  and ROV market in this region.

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Key players in the global offshore AUV and ROV
market

•  AUV and ROV market
• namely Subsea 7 Inc.
• SAAB AB, Fugro NV
• Ocean Engineering Ltd.
• Bluefin Robotics
• Atlas Electronik GmbH
• Kongsberg Maritime

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