Europe 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 Country: Trend Forecast and Growth Opportunity

August 2023 | 152 pages | ID: E0EDA2F94010EN
GMD Research

Abstracts

Europe remotely operated vehicle (ROV) market was valued at $344.0 million in 2022 and will grow by 5.6% 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.

Highlighted with 42 tables and 86 figures, this 152-page report “Europe 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 Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe 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 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 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 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
• Imaging System
• Sensors and Automation System
• Steering and Positioning System
• Navigation System
• Energy and Propulsion System
• Other Hardware
• Solutions & Services

Based on Category, the Europe 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 Europe 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 Europe 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 Europe 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 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
• Other Industry Verticals

By Application, the Europe 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 national/local markets are fully investigated:

• Germany
• UK
• France
• Spain
• Norway
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Italy, 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 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.)

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 DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
  2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF EUROPE MARKET BY COMPONENT

3.1 Market Overview by Component
3.2 Hardware
  3.2.1 Imaging System
  3.2.2 Sensors and Automation System
  3.2.3 Steering and Positioning System
  3.2.4 Navigation System
  3.2.5 Energy and Propulsion System
  3.2.6 Other Hardware
3.3 Solutions & Services

4 SEGMENTATION OF EUROPE MARKET BY CATEGORY

4.1 Market Overview by Category
4.2 ROV New Builds
4.3 ROV Upgrade & Operation

5 SEGMENTATION OF EUROPE MARKET BY VEHICLE TYPE

5.1 Market Overview by Vehicle Type
5.2 Observation Vehicle
5.3 Light Work Class Vehicle
5.4 Medium Work Class Vehicle
5.5 Heavy Work Class Vehicle
5.6 Towed and Bottom-Crawling Vehicle

6 SEGMENTATION OF EUROPE MARKET BY PROPULSION SYSTEM

6.1 Market Overview by Propulsion System
6.2 Hydraulic Systems
6.3 Electric Systems
6.4 Other Propulsion Systems

7 SEGMENTATION OF EUROPE MARKET BY WORKING DEPTH

7.1 Market Overview by Working Depth
7.2 Shallow Water
7.3 Deepwater
7.4 Ultra-Deepwater

8 SEGMENTATION OF EUROPE MARKET BY INDUSTRY VERTICAL

8.1 Market Overview by Industry Vertical
8.2 Oil & Gas Industry
8.3 Military & Defense
8.4 Scientific Research
8.5 Other Industry Verticals

9 SEGMENTATION OF EUROPE MARKET BY APPLICATION

9.1 Market Overview by Application
9.2 Drilling Support
9.3 Construction Support
9.4 Inspection, Repair and Maintenance (IRM)
9.5 Subsea Engineering Services (SES)
9.6 Other Applications

10 EUROPEAN MARKET 2022-2032 BY COUNTRY

10.1 Overview of European Market
10.2 Germany
10.3 U.K.
10.4 France
10.5 Spain
10.6 Norway
10.7 Russia
10.8 Rest of European Market

11 COMPETITIVE LANDSCAPE

11.1 Overview of Key Vendors
11.2 New Product Launch, Partnership, Investment, and M&A
11.3 Company Profiles
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
RELATED REPORTS

12. LIST OF TABLES:

Table 1. Snapshot of Europe Remotely Operated Vehicle Market in Balanced Perspective, 2022-2032
Table 2. World Economic Outlook, 2021-2031
Table 3. World Economic Outlook, 2021-2023
Table 4. Scenarios for Economic Impact of Ukraine Crisis
Table 5. Main Product Trends and Market Opportunities in Europe Remotely Operated Vehicle Market
Table 6. Europe Remotely Operated Vehicle Market by Component, 2022-2032, $ mn
Table 7. Europe Remotely Operated Vehicle Market: Hardware by Type, 2022-2032, $ mn
Table 8. Europe Remotely Operated Vehicle Market by Category, 2022-2032, $ mn
Table 9. Classifications of ROVs by Type
Table 10. Europe Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn
Table 11. Europe Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, units of Fleet in Operation
Table 12. Exemplary Applications of Observation-grade ROVs
Table 13. Europe Remotely Operated Vehicle Market by Propulsion System, 2022-2032, $ mn
Table 14. Europe Remotely Operated Vehicle Market by Propulsion System, 2022-2032, units of Fleet in Operation
Table 15. Europe Remotely Operated Vehicle Market by Working Depth, 2022-2032, $ mn
Table 16. Europe Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn
Table 17. Europe Remotely Operated Vehicle Market by Application, 2022-2032, $ mn
Table 18. Europe Remotely Operated Vehicle Market by Country, 2022-2032, $ mn
Table 19. Germany Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn
Table 20. Germany Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn
Table 21. Germany Remotely Operated Vehicle Market by Application, 2022-2032, $ mn
Table 22. U.K. Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn
Table 23. U.K. Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn
Table 24. U.K. Remotely Operated Vehicle Market by Application, 2022-2032, $ mn
Table 25. France Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn
Table 26. France Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn
Table 27. France Remotely Operated Vehicle Market by Application, 2022-2032, $ mn
Table 28. Spain Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn
Table 29. Spain Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn
Table 30. Spain Remotely Operated Vehicle Market by Application, 2022-2032, $ mn
Table 31. Norway Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn
Table 32. Norway Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn
Table 33. Norway Remotely Operated Vehicle Market by Application, 2022-2032, $ mn
Table 34. Russia Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, $ mn
Table 35. Russia Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, $ mn
Table 36. Russia Remotely Operated Vehicle Market by Application, 2022-2032, $ mn
Table 37. Remotely Operated Vehicle Market in Rest of Europe by Country, 2022-2032, $ mn
Table 38. Market Share of Worldwide Work-Class ROVs by Manufacturer in 2022, % Capex
Table 39. Market Share of Worldwide Work-Class ROVs by Operator in 2022, %Capex
Table 40. Bourbon: Company Snapshot
Table 41. Bourbon: Business Segmentation
Table 42. Bourbon: Product Portfolio

12. LIST OF FIGURES:

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032
Figure 4. Industry Value Chain Analysis
Figure 5. Europe Remotely Operated Vehicle Market by Value, 2022-2032, $ mn
Figure 6. Europe Remotely Operated Vehicle Market by Fleet in Operation, 2022-2032, unit
Figure 7. Impact of COVID-19 on Business
Figure 8. Primary Drivers and Impact Factors of Europe Remotely Operated Vehicle Market
Figure 9. World Oil & Gas Offshore and Deepwater Production, 1970-2020
Figure 10. World Crude Oil Production, 2000-2021, million tons
Figure 11. Primary Restraints and Impact Factors of Europe Remotely Operated Vehicle Market
Figure 12. Investment Opportunity Analysis
Figure 13. Porter’s Fiver Forces Analysis of Europe Remotely Operated Vehicle Market
Figure 14. Breakdown of Europe Remotely Operated Vehicle Market by Component, 2022-2032, % of Revenue
Figure 15. Europe Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%)
Figure 16. Europe Remotely Operated Vehicle Market by Component: Hardware, 2022-2032, $ mn
Figure 17. Europe Remotely Operated Vehicle Market by Hardware: Imaging System, 2022-2032, $ mn
Figure 18. Europe Remotely Operated Vehicle Market by Hardware: Sensors and Automation System, 2022-2032, $ mn
Figure 19. Europe Remotely Operated Vehicle Market by Hardware: Steering and Positioning System, 2022-2032, $ mn
Figure 20. Europe Remotely Operated Vehicle Market by Hardware: Navigation System, 2022-2032, $ mn
Figure 21. Europe Remotely Operated Vehicle Market by Hardware: Energy and Propulsion System, 2022-2032, $ mn
Figure 22. Europe Remotely Operated Vehicle Market by Hardware: Other Hardware, 2022-2032, $ mn
Figure 23. Europe Remotely Operated Vehicle Market by Component: Solutions & Services, 2022-2032, $ mn
Figure 24. Breakdown of Europe Remotely Operated Vehicle Market by Category, 2022-2032, % of Sales Revenue
Figure 25. Europe Addressable Market Cap in 2023-2032 by Category, Value ($ mn) and Share (%)
Figure 26. Europe Remotely Operated Vehicle Market by Category: ROV New Builds, 2022-2032, $ mn
Figure 27. Europe Remotely Operated Vehicle Market by Category: ROV New Builds, 2022-2032, unit
Figure 28. Europe Remotely Operated Vehicle Market by Category: ROV Upgrade & Operation, 2022-2032, $ mn
Figure 29. ROV Personnel in Europe Remotely Operated Vehicle Industry, 2022-2032
Figure 30. Breakdown of Europe Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, % of Sales Revenue
Figure 31. Europe Addressable Market Cap in 2023-2032 by Vehicle Type, Value ($ mn) and Share (%)
Figure 32. Breakdown of Europe Remotely Operated Vehicle Market by Vehicle Type, 2022-2032, % of Fleet in Operation
Figure 33. Work-Class ROVs by Payload (kg)
Figure 34. Example Picture of Observation ROVs
Figure 35. Europe Remotely Operated Vehicle Market by Vehicle Type: Observation Vehicle, 2022-2032, $ mn
Figure 36. Europe Remotely Operated Vehicle Market by Vehicle Type: Observation Vehicle, 2022-2032, units of Fleet in Operation
Figure 37. Example Picture of Light Work-Class ROVs
Figure 38. Europe Remotely Operated Vehicle Market by Vehicle Type: Light Work Class Vehicle, 2022-2032, $ mn
Figure 39. Europe Remotely Operated Vehicle Market by Vehicle Type: Light Work Class Vehicle, 2022-2032, units of Fleet in Operation
Figure 40. Europe Remotely Operated Vehicle Market by Vehicle Type: Medium Work Class Vehicle, 2022-2032, $ mn
Figure 41. Europe Remotely Operated Vehicle Market by Vehicle Type: Medium Work Class Vehicle, 2022-2032, units of Fleet in Operation
Figure 42. Example Picture of Heavy Work-Class ROVs
Figure 43. Europe Remotely Operated Vehicle Market by Vehicle Type: Heavy Work Class Vehicle, 2022-2032, $ mn
Figure 44. Europe Remotely Operated Vehicle Market by Vehicle Type: Heavy Work Class Vehicle, 2022-2032, units of Fleet in Operation
Figure 45. Example Picture of Towed and Bottom-Crawling ROVs
Figure 46. Europe Remotely Operated Vehicle Market by Vehicle Type: Towed and Bottom-Crawling Vehicle, 2022-2032, $ mn
Figure 47. Europe Remotely Operated Vehicle Market by Vehicle Type: Towed and Bottom-Crawling Vehicle, 2022-2032, units of Fleet in Operation
Figure 48. Breakdown of Europe Remotely Operated Vehicle Market by Propulsion System, 2022-2032, % of Revenue
Figure 49. Europe Addressable Market Cap in 2023-2032 by Propulsion System, Value ($ mn) and Share (%)
Figure 50. Breakdown of Europe Remotely Operated Vehicle Market by Propulsion System, 2022-2032, % of Fleet in Operation
Figure 51. Europe Remotely Operated Vehicle Market by Propulsion System: Hydraulic Systems, 2022-2032, $ mn
Figure 52. Europe Remotely Operated Vehicle Market by Propulsion System: Hydraulic Systems, 2022-2032, units of Fleet in Operation
Figure 53. Example Picture of High Capacity Electric ROVs
Figure 54. Europe Remotely Operated Vehicle Market by Propulsion System: Electric Systems, 2022-2032, $ mn
Figure 55. Europe Remotely Operated Vehicle Market by Propulsion System: Electric Systems, 2022-2032, units of Fleet in Operation
Figure 56. Europe Remotely Operated Vehicle Market by Propulsion System: Other Propulsion Systems, 2022-2032, $ mn
Figure 57. Europe Remotely Operated Vehicle Market by Propulsion System: Other Propulsion Systems, 2022-2032, units of Fleet in Operation
Figure 58. Breakdown of Europe Remotely Operated Vehicle Market by Working Depth, 2022-2032, % of Revenue
Figure 59. Europe Addressable Market Cap in 2023-2032 by Working Depth, Value ($ mn) and Share (%)
Figure 60. Europe Remotely Operated Vehicle Market by Working Depth: Shallow Water, 2022-2032, $ mn
Figure 61. Europe Remotely Operated Vehicle Market by Working Depth: Deepwater, 2022-2032, $ mn
Figure 62. Example Picture of Ultra Deep ROVs
Figure 63. Europe Remotely Operated Vehicle Market by Working Depth: Ultra-Deepwater, 2022-2032, $ mn
Figure 64. Breakdown of Europe Remotely Operated Vehicle Market by Industry Vertical, 2022-2032, % of Revenue
Figure 65. Europe Addressable Market Cap in 2023-2032 by Industry Vertical, Value ($ mn) and Share (%)
Figure 66. Europe Remotely Operated Vehicle Market by Industry Vertical: Oil & Gas Industry, 2022-2032, $ mn
Figure 67. Europe Remotely Operated Vehicle Market by Industry Vertical: Military & Defense, 2022-2032, $ mn
Figure 68. Europe Remotely Operated Vehicle Market by Industry Vertical: Scientific Research, 2022-2032, $ mn
Figure 69. Europe Remotely Operated Vehicle Market by Industry Vertical: Other Industry Verticals, 2022-2032, $ mn
Figure 70. Breakdown of Europe Remotely Operated Vehicle Market by Application, 2022-2032, % of Sales Revenue
Figure 71. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%)
Figure 72. Europe Remotely Operated Vehicle Market by Application: Drilling Support, 2022-2032, $ mn
Figure 73. Europe Remotely Operated Vehicle Market by Application: Construction Support, 2022-2032, $ mn
Figure 74. Europe Remotely Operated Vehicle Market by Application: Inspection, Repair and Maintenance (IRM), 2022-2032, $ mn
Figure 75. Europe Remotely Operated Vehicle Market by Application: Subsea Engineering Services (SES), 2022-2032, $ mn
Figure 76. Europe Remotely Operated Vehicle Market by Application: Other Applications, 2022-2032, $ mn
Figure 77. Breakdown of European Remotely Operated Vehicle Market by Country, 2022 and 2032, % of Revenue
Figure 78. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 79. Remotely Operated Vehicle Market in Germany, 2022-2032, $ mn
Figure 80. Remotely Operated Vehicle Market in U.K., 2022-2032, $ mn
Figure 81. Remotely Operated Vehicle Market in France, 2022-2032, $ mn
Figure 82. Remotely Operated Vehicle Market in Spain, 2022-2032, $ mn
Figure 83. Remotely Operated Vehicle Market in Norway, 2022-2032, $ mn
Figure 84. Remotely Operated Vehicle Market in Russia, 2022-2032, $ mn
Figure 85. Remotely Operated Vehicle Market in Rest of Europe, 2022-2032, $ mn
Figure 86. Growth Stage of Europe Remotely Operated Vehicle Industry over the Forecast Period