Global Work Class ROVs Market 2017-2025 by Industry Vertical, Application, Hardware Component, Vehicle Type, Propulsion System and Region

September 2017 | 189 pages | ID: G26A430457FEN
GMD Research

Abstracts

Work-class remotely operated vehicles (ROVs) are large enough unmanned underwater vehicles to carry additional sensors and/or manipulators. These vehicles commonly have a multiplexing capability that allows additional sensors and tools to operate without being ‘hard-wired’ through the umbilical system. These ROVs are generally larger and more powerful than observation mini ROVs. The evolution of ROV technology has resulted in the ever-growing application of work class ROVs in oil & gas industry, military/defense, scientific research and other sectors. Global total Capex (capital expenditure) of work class ROVs in 2025 will advance to $XXX billion, registering a CAGR of 9.3% between 2016 and 2025. This represents a cumulative Capex of $XXX billion during 2017-2025 owing to a substantial adoption of work class ROVs for drilling support, construction support, as well as inspection, repair and maintenance (IRM) activities across the globe.

Highlighted with 47 tables and 102 figures, this 189-page report “Global Work Class ROVs Market 2017-2025 by Industry Vertical, Application, Hardware Component, Vehicle Type, Propulsion System and Region” is based on a comprehensive research of worldwide work class ROVs market by analyzing the entire global 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 provides historical market data for 2014 and 2015, revenue estimates for 2016, and forecasts from 2017 till 2025.

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. The balanced (most likely) projection is used to quantify global work class ROVs market in every aspect of the classification from perspectives of industry vertical, new built and operation/service, hardware component, vehicle type, application, propulsion system and region.

Based on industry vertical, the global work class ROV market is segmented into the following sub-markets with annual capex included for 2014-2025 (historical and forecast) for each section.

• Oil & Gas Industry
• Scientific Research
• Military & Defense
• Others

Based on capex source, the global market is analyzed on the following segments with annual capex in 2014-2025 provided for each segment.

• ROV New Builds
• ROV Operation & Service

Based on hardware component, the global work class ROV hardware market is divided and analyzed on the following segments in terms of capex for 2014-2025.

• Imaging System
• Sensors and Automation Systems
• Steering and Positioning
• Navigation System
• Energy and Propulsion
• Others

Based on vehicle type, the global work class ROV market is split and analyzed on the following sections in terms of annual capex and fleet in operation for 2014-2025.

• Light Work Class Vehicle
• Medium Work Class Vehicle
• Heavy Work Class Vehicle

Based on application, the global work-class ROV market is segmented into the following sub-markets with annual capex included for 2014-2025 (historical and forecast) for each section.

• Drilling Support
• Construction Support
• Inspection, Repair and Maintenance (IRM)
• Others

Based on propulsion system, the global market is segmented into the following sections and analyzed in terms of annual capex and operational fleet for 2014-2025.

• Hydraulic system
• Electric system
• Others

Geographically, the following regions together with the listed national markets are fully investigated:

• APAC (China, Malaysia, Australia, India, and Rest of APAC)
• Europe (Norway, UK, Rest of Europe)
• North America (U.S. and Canada)
• Latin America (Argentina, Brazil, Mexico, Rest of Latin America)
• Africa (Nigeria, Angola)
• Middle East

For each of the aforementioned regions and countries, detailed analysis and data for annual capex are available for 2014-2025. The breakdown of all regional markets and national markets by industry vertical and vehicle type over the forecast years is included.

The report also covers current competitive scenario and the predicted manufacture trend; and profiles global work class ROV vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global work class ROVs market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND QUALITATIVE ANALYSIS

2.1 Market Size and Forecast
2.2 Market Structure
2.3 Major Growth Drivers
2.4 Market Restraints and Challenges
2.5 Emerging Opportunities and Market Trends
2.6 Porter’s Fiver Forces Analysis

3 ANALYSIS OF GLOBAL MARKET BY INDUSTRY VERTICAL

3.1 Market Overview by Industry Vertical
3.2 Work Class ROVs for Oil & Gas Industry: Global Market 2014-2025
3.3 Work Class ROVs for Scientific Research: Global Market 2014-2025
3.4 Work Class ROVs for Military & Defense: Global Market 2014-2025
3.5 Work Class ROVs for Other Industry Verticals: Global Market 2014-2025

4 ANALYSIS OF GLOBAL MARKET BY NEW BUILDS AND OPERATION & SERVICE

4.1 Market Overview by New Builds and Operation & Service
4.2 Work Class ROV New Builds
4.3 Work Class ROV Operation & Service

5 ANALYSIS OF GLOBAL MARKET BY HARDWARE COMPONENT

5.1 Market Overview by Hardware Component
5.2 Imaging System
5.3 Sensors and Automation Systems
5.4 Steering and Positioning
5.5 Navigation System
5.6 Energy and Propulsion
5.7 Other Hardware Components

6 ANALYSIS OF GLOBAL MARKET BY VEHICLE TYPE

6.1 Market Overview by Vehicle Type
6.2 Light Work-Class Vehicle
6.4 Medium Work-Class Vehicle
6.5 Heavy Work-Class Vehicle

7 ANALYSIS OF GLOBAL MARKET BY APPLICATION

7.1 Market Overview by Application
7.2 Drilling Support
7.3 Construction Support
7.4 Inspection, Repair and Maintenance (IRM)
7.5 Other Applications

8 ANALYSIS OF GLOBAL MARKET BY PROPULSION SYSTEM

8.1 Market Overview by Propulsion System
8.2 Hydraulic System
8.3 Electric System
8.4 Other Systems

9 ANALYSIS OF GLOBAL MARKET BY REGION

9.1 Geographic Market Overview by Region 2016-2025
9.2 North America Market 2014-2025
  9.2.1 Overview of North America Market
  9.2.2 U.S. Market
  9.2.3 Canadian Market
9.3 European Market 2014-2025
  9.3.1 Overview of European Market
  9.3.2 Norway
  9.3.3 UK
  9.3.4 Rest of European Market
9.4 Asia-Pacific Market 2014-2025
  9.4.1 Overview of Asia-Pacific Market
  9.4.2 China
  9.4.3 Malaysia
  9.4.4 Australia
  9.4.5 India
  9.4.6 Rest of APAC Region
9.5 Latin America Market 2014-2025
  9.5.1 Argentina
  9.5.2 Brazil
  9.5.3 Mexico
  9.5.4 Rest of Latin America Market
9.6 Africa Market 2014-2025
  9.6.1 Nigeria
  9.6.2 Angola
  9.6.3 Rest of Africa Market
9.7 Middle East Market 2014-2025

10 COMPETITIVE LANDSCAPE

10.1 Overview of Global Vendors
10.2 Company Profiles
11 Investing in Global Market: Risk Assessment and Management
11.1 Risk Evaluation of Global Market
11.2 Critical Success Factors (CSFs)

RELATED REPORTS AND PRODUCTS

List Of Tables

LIST OF TABLES:

Table 1. Snapshot of Global Work Class ROVs Market, 2016-2025
Table 2. Main Product Trends and Market Opportunities in Global Work Class ROVs Market
Table 3. Classifications of ROVs by Type
Table 4. Leading National Work Class ROVs Markets by Capex, 2016 and 2025, $ mn
Table 5. North America Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 6. North America Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 7. U.S. Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 8. U.S. Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 9. Canada Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 10. Canada Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 11. Europe Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 12. Europe Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 13. Norway Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 14. Norway Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 15. UK Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 16. UK Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 17. APAC Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 18. APAC Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 19. China Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 20. China Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 21. Malaysia Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 22. Malaysia Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 23. Australia Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 24. Australia Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 25. India Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 26. India Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 27. Latin America Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 28. Latin America Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 29. Argentina Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 30. Argentina Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 31. Brazil Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 32. Brazil Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 33. Mexico Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 34. Mexico Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 35. Africa Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 36. Africa Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 37. Nigeria Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 38. Nigeria Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 39. Angola Work Class ROVs Market by Industry Vertical, 2016-2025, $ mn
Table 40. Angola Work Class ROVs Market by Vehicle Type, 2016-2025, $ mn
Table 41. Market Share of Global Work-Class ROVs by Manufacturer, % Capex
Table 42. Market Share of Global Work-Class ROVs by Operator, %Capex
Table 43. Forum Energy Technologies, Inc. Condensed Consolidated Statements of Income, 2016-2017
Table 44. Forum Energy Technologies, Inc. Revenue by Business Segment, 2016-2017
Table 45. Main Products and Services of i-Tech
Table 46. Risk Evaluation for Investing in Global Market, 2016-2025
Table 47. Critical Success Factors and Key Takeaways

List Of Figures

LIST OF FIGURES:

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2014-2025
Figure 4. Global Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 5. Global Work Class ROVs Market by Fleet, 2014-2025, units
Figure 6. Structure and Segments of Global Work Class ROVs Market
Figure 7. Primary Drivers and Impact Factors of Global Work Class ROVs Market
Figure 8. Primary Restraints and Impact Factors of Global Work Class ROVs Market
Figure 9. Porter’s Fiver Forces Analysis of Global Work Class ROVs Market
Figure 10. Breakdown of Global Work Class ROVs Market by Industry Vertical, 2016-2025, % of Capex
Figure 11. 2014-2025 Capex Growth Rates of Global Sub-markets by Industry Vertical
Figure 12. Global Market of Work Class ROVs for Oil & Gas Industry by Capex, 2014-2025, $ mn
Figure 13. Global Population, GDP and Energy Demand, 1990-2030
Figure 14. Global Oil & Gas Offshore and Deepwater Production, 1970-2020
Figure 15. Global Market of Work Class ROVs for Scientific Research by Capex, 2014-2025, $ mn
Figure 16. Global Market of Work Class ROVs for Military & Defense by Capex, 2014-2025, $ mn
Figure 17. Global Market of Work Class ROVs for Other Industries by Capex, 2014-2025, $ mn
Figure 18. Breakdown of Global Work Class ROVs Market by New Builds and Operation & Service, 2016-2025, % of Capex
Figure 19. 2014-2025 Capex Growth Rates of Global Sub-markets by New Builds and Operation & Service
Figure 20. Global Work Class ROV New Builds, 2014-2025, units
Figure 21. Global Capex of Work Class ROV New Builds, 2014-2025, $ mn
Figure 22. Global Capex of Work Class ROV Operation & Service, 2014-2025, $ mn
Figure 23. Global Work Class ROV Operation Personnel, 2014-2025
Figure 24. Global Vessel Demand (%) by Water Depth (m), 2010-2019
Figure 25. Breakdown of Global Work Class ROV Hardware Market by Component, 2016-2025, % of Capex
Figure 26. 2014-2025 Capex Growth Rates of Global Sub-markets by Hardware Component
Figure 27. Global Market of Work Class ROV Imaging System, 2014-2025, $ mn
Figure 28. Global Market of Work Class ROV Sensors and Automation Systems, 2014-2025, $ mn
Figure 29. Global Market of Work Class ROV Steering and Positioning System, 2014-2025, $ mn
Figure 30. Global Market of Work Class ROV Navigation System, 2014-2025, $ mn
Figure 31. Global Market of Work Class ROV Energy and Propulsion System, 2014-2025, $ mn
Figure 32. Global Market of Other Work Class ROV Hardware Components, 2014-2025, $ mn
Figure 33. Breakdown of Global Work Class ROV Market by Vehicle Type, 2016-2025, % of Fleet
Figure 34. 2014-2025 Fleet Growth Rates of Global Sub-markets by Vehicle Type
Figure 35. Breakdown of Global Work Class ROV Market by Vehicle Type, 2016-2025, % of Capex
Figure 36. 2014-2025 Capex Growth Rates of Global Sub-markets by Vehicle Type
Figure 37. Work-Class ROVs by Payload (kg)
Figure 38. Global Market of Light Work-Class ROVs by Fleet, 2014-2025, units
Figure 39. Global Market of Light Work-Class ROVs by Capex, 2014-2025, $ mn
Figure 40. Example Picture of Light Work-Class ROVs
Figure 41. Global Market of Medium Work-Class ROVs by Fleet, 2014-2025, units
Figure 42. Global Market of Medium Work-Class ROVs by Capex, 2014-2025, $ mn
Figure 43. Example Picture of Ultra Deep ROVs
Figure 44. Global Market of Heavy Work-Class ROVs by Fleet, 2014-2025, units
Figure 45. Global Market of Heavy Work-Class ROVs by Capex, 2014-2025, $ mn
Figure 46. Example Picture of Heavy Work-Class ROVs
Figure 47. Summary of Light, Medium and Heavy Work-Class ROVs
Figure 48. Breakdown of Global Work-Class ROVs Market by Application, 2016-2025, % of Capex
Figure 49. 2014-2025 Work-Class ROV Capex Growth Rates of Global Sub-markets by Application
Figure 50. Work Class ROVs by Excursion Length (m) of Tether Management Systems (TMS)
Figure 51. Global Market of Work-Class ROVs for Drilling Support by Capex, 2014-2025, $ mn
Figure 52. Global Market of Work-Class ROVs for Construction Support by Capex, 2014-2025, $ mn
Figure 53. Global Market of Work-Class ROVs for Inspection, Repair and Maintenance (IRM) by Capex, 2014-2025, $ mn
Figure 54. Global Market of Work-Class ROVs for Other Applications by Capex, 2014-2025, $ mn
Figure 55. Breakdown of Global Work Class ROV Market by Propulsion System, 2016-2025, % of Fleet
Figure 56. 2014-2025 Fleet Growth Rates of Global Sub-markets by Propulsion System
Figure 57. Breakdown of Global Work Class ROVs Market by Propulsion System, 2016-2025, % of Capex
Figure 58. 2014-2025 Capex Growth Rates of Global Sub-markets by Propulsion System
Figure 59. Global Hydraulic Work Class ROVs Market by Fleet, 2014-2025, units
Figure 60. Global Hydraulic Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 61. Global Electric Work Class ROVs Market by Fleet, 2014-2025, units
Figure 62. Global Electric Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 63. Example Picture of High Capacity Electric ROVs
Figure 64. Global Hybrid Work Class ROVs Market by Fleet, 2014-2025, units
Figure 65. Global Hybrid Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 66. Geographic Spread of Worldwide Work Class ROVs Market, 2016-2025, % of Capex
Figure 67. 2016-2025 Capex Growth Rates of Main Regional Markets
Figure 68. North American Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 69. Breakdown of North America Work Class ROVs Market by Country, 2016 and 2025, % of Capex
Figure 70. 2014-2025 Capex Growth Rates of National Markets in North America
Figure 71. U.S. Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 72. Canada Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 73. European Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 74. Breakdown of European Work Class ROVs Market by Country, 2016 and 2025, % of Capex
Figure 75. 2014-2025 Capex Growth Rates of National Markets in Europe
Figure 76. Work Class ROVs Market in Norway by Capex, 2014-2025, $ mn
Figure 77. Work Class ROVs Market in UK by Capex, 2014-2025, $ mn
Figure 78. Work Class ROVs Market in Rest of Europe by Capex, 2014-2025, $ mn
Figure 79. Asia-Pacific Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 80. Breakdown of APAC Work Class ROVs Market by Country, 2016 and 2025, % of Capex
Figure 81. 2014-2025 Capex Growth Rates of National Markets in APAC
Figure 82. Work Class ROVs Market in China by Capex, 2014-2025, $ mn
Figure 83. Work Class ROVs Market in Malaysia by Capex, 2014-2025, $ mn
Figure 84. Work Class ROVs Market in Australia by Capex, 2014-2025, $ mn
Figure 85. Work Class ROVs Market in India by Capex, 2014-2025, $ mn
Figure 86. Work Class ROVs Market in Rest APAC by Capex, 2014-2025, $ mn
Figure 87. Latin America Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 88. Breakdown of Latin America Work Class ROVs Market by Country, 2016 and 2025, % of Capex
Figure 89. 2014-2025 Capex Growth Rates of National Markets in Latin America
Figure 90. Work Class ROVs Market in Argentina by Capex, 2014-2025, $ mn
Figure 91. Work Class ROVs Market in Brazil by Capex, 2014-2025, $ mn
Figure 92. Work Class ROVs Market in Mexico by Capex, 2014-2025, $ mn
Figure 93. Work Class ROVs Market in Rest of Latin America by Capex, 2014-2025, $ mn
Figure 94. Africa Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 95. Breakdown of Africa Work Class ROVs Market by Country, 2016 and 2025, % of Capex
Figure 96. 2014-2025 Capex Growth Rates of National Markets in Africa
Figure 97. Work Class ROVs Market in Nigeria by Capex, 2014-2025, $ mn
Figure 98. Work Class ROVs Market in Angola by Capex, 2014-2025, $ mn
Figure 99. Middle East Work Class ROVs Market by Capex, 2014-2025, $ mn
Figure 100. Growth Stage of Global Work-Class ROV Industry over the Forecast Period
Figure 101. Fugro Revenue Share by Industry, %
Figure 102. Fugro Revenue Share by End-user, %

COMPANIES MENTIONED

Andrews Survey
C-Innovation
DOF Subsea AS
Forum Energy Technologies
Fugro Subsea Services Ltd
Hallin Marine Subsea International PLC
Helix Energy Solutions
i-Tech (Subsea 7)
Kystdesign AS
Oceaneering International, Inc.
Perry Slingsby Systems Limited
SAAB SEAEYE LTD.
Saipem (Sonsub)
Schilling Robotics, LLC
Soil Machine Dynamics Ltd (SMD)