Total Capex of Remotely Operated Vehicles (ROVs) to Reach USD 5.15 Bn by 2025, Predicts GMR Data in Its New Report Available at MarketPublishers.com01 Aug 2017 • by Natalie Aster
LONDON – Robust evolution of remotely operated vehicles (ROVs) technology has resulted in the ever-increasing application in a range of sectors including oil and gas, scientific research, military and defense, amid others.
In 2025, the world’s total capital expenditure (Capex) of ROVs is predicted to reach USD 5.15 billion, witnessing steady growth at a double-digit CAGR in the years ahead.
Some of the major drivers of the world’s ROVs market comprise substantial uptake in the adoption of ROVs for construction and drilling support, and inspection, repair and maintenance (IRM) activities.
The new research report “Global Remotely Operated Vehicle (ROV) Market 2017-2025 by Industry Vertical, Application, Hardware Component, Vehicle Type, Propulsion System and Region” elaborated by GMR Data offers a comprehensive study of the world’s ROV market landscape and dynamics. It highlights the historical development patterns and the present situation across different geographical scales, traces light on the market dynamics, reviews the major market growth influencing factors and also points out the top challenges and opportunities. Furthermore, this publication delves deep into the market segmentation, evaluates the market shares, accesses the market growth potential and reviews the competitive pressures. Profiles of the leading companies are also at hand in the study. Additionally, future projection for the ROV market development through 2025 and Porter’s Five Forces analysis are provided.
This cutting-edge report presents an extensive market research in every aspect of the classification from perspectives of application, industry vertical, hardware component, new built and operation/service, vehicle type, propulsion system and geography.
A full collection of the publisher’s research studies is provided at the GMR Data page at MarketPublishers.com.