Offshore AUV & ROV Market is expected to grow from US$ XX Mn in 2019 to cross US$
XXX Mn by 2027, with a CAGR of approximately XX% between the forecasting period of
2019 to 2027. The Offshore AUV & ROV Market can be segmented into by Product Type,
Application, and Geography- global forecast to 2027.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market
leaders, followers, and disrupters. Since lock down was implemented differently in different
regions and countries, impact of same is also different by regions and segments. The report
has covered the current short term and long term impact on the market, same will help
decision makers to prepare the outline for short term and long term strategies for
companies by region.
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In offshore equipment, implementation of advanced technology for improving the function
and accuracy of the work in accordance with the rise in government environmental norms
towards the offshore industry. Accelerated advancements in technology are expected to
continue to engineer further growth in the oil & gas remote-controlled vehicles sector.
Improve the demand for oil & gas is the key factor driving the Offshore AUV & ROV Market.
While the key to recent advancements in AUV technology is the vehicle's ability to act
independently, ROVs are judged in part by how much control the operators at the surface
can maintain over them.
The rising risk of marine attacks and incidence of marine infiltration has encouraged the
defense forces to gather intelligence and enhance security measures to resist these
situations. ROVs are programmable, robotic vehicles that can drive or glide through the
ocean and can perform predetermined tasks without the control of human controllers. AUVs
are able of performing underwater surveys such as detecting and mapping submerged
rocks, and obstructions to alert the navigation systems of commercial, recreational, and