Remotely Operated Vehicle Market: By Product Type, By Application, By End User, and Region Forecast 2020-2031
Remotely Operated Vehicle Market: By Product Type, By Application, By End User, and Region Forecast 2020-2031
Remotely Operated Vehicle Market size was valued at US$ 2.4 billion in 2024 and is expected to reach US$ 3.2 billion by 2031, growing at a significant CAGR of 4.3% from 2025-2031. The owing to increase in adoption of remotely operated vehicles for various applications such as offshore, oil and gas, military and defense, and other industries across the globe.
Moreover, rise in R&D for the development of technologically advanced remotely operated vehicles, surge in defense expenditure by various countries around the globe, increase in oil and gas exploration, and rise in adoption of advanced products by end user industries are anticipated to burgeon the market revenue over the forecast timeframe.
However, high cost for the installation and maintenance, lack of standardization, and less awareness about these products in underdeveloped economies are anticipated to hamper the growth of market over the forecast years.
Study Period
2025-2031Base Year
2024CAGR
4.3%Largest Market
EuropeFastest Growing Market
North-America
Increase in the adoption of remotely operated vehicle in end user industries such as oil and gas, defense, and research institutions is a major factor bolster the market over the forecast years. In military and defense sector technologically advanced remotely operated vehicles are used to enhance the security from underwater. Moreover, surge in oil and gas exploration across the globe also surge the market over the forecast years.
North America remotely operated vehicle market accounted for larger revenue share in 2018 and the market is anticipated to grow at prominent growth rate over the forecast years owing to grow in number of end user industries, increase in defense expenditure in USA, and surge in R&D for the development of advanced vehicles in the region.
Middle East market creates lucrative opportunities over the forecast years owing to increase in oil and gas exploration in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 2.4 billion |
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Market Size in 2031 |
US$ 3.2 billion |
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Market CAGR |
4.3% |
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By Product Type |
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By Application |
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By End User |
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By Region |
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Remotely operated vehicle market size was valued at US$ 2.4 billion in 2024 and is expected to reach US$ 3.2 billion by 2031, growing at a significant CAGR of 4.3%.
The key players of the market are Oceaneering International Inc., TechnipFMC PLC, Fugro, Saab AB, Helix Energy Solutions Group, Sapura Energy Berhad
North-America is the fastest-growing region for remotely operated vehicle market.
| 1.Executive Summary |
| 2.Global Remotely Operated Vehicle Market Introduction |
| 2.1.Global Remotely Operated Vehicle Market - Taxonomy |
| 2.2.Global Remotely Operated Vehicle Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Remotely Operated Vehicle Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Remotely Operated Vehicle Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Remotely Operated Vehicle Market By Product Type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 5.1. Light Work Class Vehicle |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Medium Work Class Vehicle |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Heavy Work Class Vehicle |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Observation Vehicle |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Towed and Bottom Crawling Vehicle |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Remotely Operated Vehicle Market By Application, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 6.1. Military & Defense |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Oil & Gas Industry |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Scientific Research |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Remotely Operated Vehicle Market By End User, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 7.1. Sensors and Automation Systems |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Imaging System |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Navigation System |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Steering and Positioning |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Energy and Propulsion |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8.Global Remotely Operated Vehicle Market By Region, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Remotely Operated Vehicle Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Light Work Class Vehicle |
| 9.1.2.Medium Work Class Vehicle |
| 9.1.3.Heavy Work Class Vehicle |
| 9.1.4.Observation Vehicle |
| 9.1.5.Towed and Bottom Crawling Vehicle |
| 9.2. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Military & Defense |
| 9.2.2.Oil & Gas Industry |
| 9.2.3.Scientific Research |
| 9.2.4.Others |
| 9.3. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Sensors and Automation Systems |
| 9.3.2.Imaging System |
| 9.3.3.Navigation System |
| 9.3.4.Steering and Positioning |
| 9.3.5.Energy and Propulsion |
| 9.3.6.Others |
| 9.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Remotely Operated Vehicle Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Light Work Class Vehicle |
| 10.1.2.Medium Work Class Vehicle |
| 10.1.3.Heavy Work Class Vehicle |
| 10.1.4.Observation Vehicle |
| 10.1.5.Towed and Bottom Crawling Vehicle |
| 10.2. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Military & Defense |
| 10.2.2.Oil & Gas Industry |
| 10.2.3.Scientific Research |
| 10.2.4.Others |
| 10.3. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Sensors and Automation Systems |
| 10.3.2.Imaging System |
| 10.3.3.Navigation System |
| 10.3.4.Steering and Positioning |
| 10.3.5.Energy and Propulsion |
| 10.3.6.Others |
| 10.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 10.4.7. |
| 11.Asia Pacific (APAC) Remotely Operated Vehicle Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Light Work Class Vehicle |
| 11.1.2.Medium Work Class Vehicle |
| 11.1.3.Heavy Work Class Vehicle |
| 11.1.4.Observation Vehicle |
| 11.1.5.Towed and Bottom Crawling Vehicle |
| 11.2. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Military & Defense |
| 11.2.2.Oil & Gas Industry |
| 11.2.3.Scientific Research |
| 11.2.4.Others |
| 11.3. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Sensors and Automation Systems |
| 11.3.2.Imaging System |
| 11.3.3.Navigation System |
| 11.3.4.Steering and Positioning |
| 11.3.5.Energy and Propulsion |
| 11.3.6.Others |
| 11.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Remotely Operated Vehicle Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Light Work Class Vehicle |
| 12.1.2.Medium Work Class Vehicle |
| 12.1.3.Heavy Work Class Vehicle |
| 12.1.4.Observation Vehicle |
| 12.1.5.Towed and Bottom Crawling Vehicle |
| 12.2. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Military & Defense |
| 12.2.2.Oil & Gas Industry |
| 12.2.3.Scientific Research |
| 12.2.4.Others |
| 12.3. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Sensors and Automation Systems |
| 12.3.2.Imaging System |
| 12.3.3.Navigation System |
| 12.3.4.Steering and Positioning |
| 12.3.5.Energy and Propulsion |
| 12.3.6.Others |
| 12.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Remotely Operated Vehicle Market ,2020-2024 and Forecast 2025-2031 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Light Work Class Vehicle |
| 13.1.2.Medium Work Class Vehicle |
| 13.1.3.Heavy Work Class Vehicle |
| 13.1.4.Observation Vehicle |
| 13.1.5.Towed and Bottom Crawling Vehicle |
| 13.2. Application Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Military & Defense |
| 13.2.2.Oil & Gas Industry |
| 13.2.3.Scientific Research |
| 13.2.4.Others |
| 13.3. End User Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Sensors and Automation Systems |
| 13.3.2.Imaging System |
| 13.3.3.Navigation System |
| 13.3.4.Steering and Positioning |
| 13.3.5.Energy and Propulsion |
| 13.3.6.Others |
| 13.4. Country Analysis 2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Oceaneering International Inc. |
| 14.2.2.TechnipFMC PLC |
| 14.2.3.Fugro |
| 14.2.4.Saab AB |
| 14.2.5.Helix Energy Solutions Group |
| 14.2.6.Sapura Energy Berhad |
| 14.2.7.DOF ASA |
| 14.2.8.DeepOcean AS |
| 14.2.9.Kongsberg Maritime |
| 14.2.10.ROVOP |
| 14.2.11.Teledyne technologies International Corp. Group |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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