Offshore AUV and ROV Market

Offshore AUV & ROV Market By Battery type (Lead-Acid/AGM/Gel battery and Lithium battery); by current carrying capacities (Less than 8A, 8 A to 20A, 20A to 30A and More than 30A ); by working type (PWM (Pulse Width Modulation); by MPPT (Maximum Power Point Tracking), Simple 1 or 2 stage controls) - Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1278 | Published On: Feb 06, 2023
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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Global offshore ROV & AUV Market Overview

ROV (remotely operated vehicle) and AUV (Autonomous Underwater Vehicle) both are robotic machine, which is used in offshore platform with cameras installed in it. Human can reach to at a certain depth at sea, so to avoid this problem remotely operated vehicle or autonomous underwater vehicle is used to maintain the problems occurred at sea bottom.

For capturing the images underwater cameras are installed in AUV & ROV for getting the clear image under water and correlating the situation for platform to be installed at that location/position or not. ROV & AUV can be varied according to their size and depth up to which it can be reached to different depths at sea shore. ROV & AUV have improved the capabilities in offshore oil and gas industry. ROV can carry multiple numbers of manipulators for carrying different processes at a water depth up to 10,000 feet’s. Moreover the AUV can be glide roll or drift and vary their depth that detects the radar or navigation with GPS installed in it that helps navels for getting information’s at sea site.


Market Size & Forecast

The global offshore ROV & AUV market is expected to grow at a CAGR of 16.2%.till the period of 2018-2027. Rise in demand for offshore ROV & AUV system by the operators of oil and gas industry on the heels of increasing drilling operations has positively supported for the growth of market.

 On the basis of regional platform, global offshore ROV & AUV system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is expected to hold the largest share in market of offshore ROV and AUV market backed by increased operations for shale gas at offshore locations across the region till the expected forecast period i.e. 2018-2027.

Europe is expected to drive demand and positively impact the growth of solar charge controller market over the forecast period owing to increase demand for electricity in residential and commercial buildings, which is cost effective for them. However, weak economic conditions in countries such as Kenya, Zambia and others is expected to showcase a more modest growth of the solar charge controller market due to safety factors and cost of electricity across the region over the forecast period. 

offshore rov and auv market

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Market Segmentation

Our-in depth analysis of the global offshore ROV & AUV market includes the following segments:

By Class

  • Observation Class
  • Work Class
  • Intervention Class

By Size Type

  • Small AUV
  • Medium AUV
  • Large AUV

By Application

  • Drilling and Well Completion Support
  • Construction Support
  • Inspection, Repair and Maintenance Service
  • Subsea Engineering Services
  • Remote Subsea Intervention Tooling Design and Build

 By Depth:

  • Less Than 5,000 Feet
  • 5,000–10,000 Feet
  • Above 10,000

By Region

On the basis of regional analysis, global offshore ROV & AUV market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America and Asia pacific region is expected to show significant growth in market backed by increase offshore exploration and drilling activities by oil& gas industry. Additionally, demand from navel and marines for security mapping and radar navigation system positively impacts the growth of offshore ROV & AUV market in the forecasted period.

Global offshore ROV & AUV Market is further classified on the basis of region as follows:

  • North America ( U.S. and Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
  • Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
  • Middle East and Africa: (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)

global offshore rov and auv market Graph


offshore rov and auv market
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Growth Drivers

According to “OECD data 2017” production of total crude oil of world at 2016 was 3970914.6 thousand toe and expected to increase in future.

Reliability

Increased reliability for offshore platforms while using the remotely operated and autonomous underwater vehicle has led the demand for offshore ROV & AUV market in the expected forecast period. Cameras installed at ROV that gives the clear image of bottom down-hole sea condition is the growth driver for this market industry.

Risk and safety

Government policies for the safety of people and companies policy following government norms are more concern for health safety of human at underwater so by using ROV at deeper section where depth for human is impossible to reach and maintain/repair the problems related to the pipes or joints at a certain depth.

Awareness from threat

Suspicious activity at sea can be read by AUV machines and can alert the marine unit for any threat that can cause the situation of war at sea. AUV machines can glide or drift that are also capable of detecting and mapping of radars underwater rock waters.

Challenges

One of the challenging factors for this market to grow is International Brent crude price affecting the operations of extracting oil and gas from the earth crust.


global offshore rov and auv market Graph
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Top Featured Companies Dominating The Market

    • Kongsberg Maritime
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Atlas ElektronikVIEW
    • BAE SystemsVIEW
    • BaltRobotics Sp.z.o.o.VIEW
    • Boston Engineering CorporationVIEW
    • KongsbergVIEW
    • Ocean Aero, IncVIEW
    • PALMARII DYNAMICS ABVIEW
    • Pelorus Naval Systems Inc.VIEW
    • SeaRobotics

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